Energy
Kyari: Nigeria doesn’t have between $7bn and $12bn to build new refinery
The Nigerian National Petroleum Corporation (NNPC) has said that the country does not have the financial muscle now to build...
Read moreDetails
Barkindo: Oil & gas will still supply over 50% of world energy needs by 2045
The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr Mohammad Barkindo, says the oil and gas sector...
Read moreDetails
Nigeria’s LPG consumption hits 1m metric tonnes
The Petroleum Products Pricing Regulatory Agency (PPPRA) says Nigeria’s domestic consumption of Liquefied Petroleum Gas (LPG), popularly known as cooking...
Read moreDetails
Shell Nigeria Gas seals 20-year gas distribution deal
Leading domestic gas distribution company, Shell Nigeria Gas (SNG), has signed a 20-year agreement for the domestic distribution of gas...
Read moreDetails
NNPC remains committed to OPEC+ agreement, Kyari tells global Forum
The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment to abide by the output cut agreement of the Organisation...
Read moreDetails
OPEC, non-OPEC countries to increase production by 0.5mb/d in January
The Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC countries have agreed to increase crude oil production by 0.5 million...
Read moreDetailsOPEC sees oil outlook for first half of 2021 ‘full of downside risks’
The Organisation of Petroleum Exporting Countries (OPEC) sees plenty of downside risks for oil markets in the first half of...
Read moreDetails
Indigenous firm strikes oil at oilfield divested by Chevron
A Nigerian firm, First Exploration and Production (First E&P), has struck oil from an oilfield it acquired following the divestment...
Read moreDetails
Free electricity: Blackout in Rivers as youths shut down Afam Transmission Station
Some irate Rivers State youths have shut down the Afam Transmission Station, causing total blackout in Port Harcourt, the state...
Read moreDetails
7,000MW: FG to spend $2.3bn on first phase of Presidential Power Initiative
The Minister of State for Power, Mr Goddy Agba, says the Federal Government plans to spend $2.3 billion on the...
Read moreDetails
SPDC dismisses Angiama 45,000 barrel oil spill report, NOSDRA admits error
The Shell Petroleum Development Company of Nigeria Limited (SPDC) has dismissed a report that it spilled 45,000 barrels of oil...
Read moreDetails
Nigeria saves $2bn on LNG Train 7 through local content development
Nigeria has saved $2 billion on Engineering Procurement and Construction (EPC) contract for Nigeria LNG Train 7 Project through the Nigerian Oil...
Read moreDetailsKyari: AKK gas pipeline to inject 2.2bscf gas to domestic market
The Nigerian National Petroleum Corporation (NNPC) says the Ajaokuta Kaduna, Kano (AKK) gas pipeline project will inject 2.2 billion standard...
Read moreDetails
PPPRA: We no longer fix price of petrol
The Petroleum Products Pricing Regulatory Agency (PPPRA) says it is no longer fixing the pump price of Premium Motor Spirit...
Read moreDetailsOPEC+ countries extend oil output cut to July
The Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC allies, known as OPEC+, have agreed to extend the 10-million-barrel-per-day (mbd)...
Read moreDetailsNNPC raises alarm over off-spec diesel in market, explains measures to cut crude oil production cost
The Nigerian National Petroleum Corporation (NNPC) has raised an alarm over prevalent low grade and contaminated AGO, otherwise called, diesel...
Read moreDetails
Barkindo: OPEC+ cuts responsible for current oil market stability
The Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Dr Mohammad Barkindo, has attributed the stability in the global...
Read moreDetailsDPR: Nigeria’s proven gas reserve now 203.16tcf
The Department of Petroleum Resources (DPR) said on Wednesday that Nigeria’s proven natural gas reserve had become 203.16trillion cubic feet...
Read moreDetails
Eland shareholders approve £382m takeover by Seplat
Shareholders of Eland Oil & Gas Plc have given overwhelming backing to the £382 million takeover of the company by...
Read moreDetailsNNPC challenges NLNG shareholders on production capacity
The Nigerian National Petroleum Corporation (NNPC) has challenged shareholders of the Nigeria Liquefied Natural Gas (NLNG) to work towards expanding...
Read moreDetails
Latest Stories
© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.