Oil & Gas

An oil and gas industry consultant, Dr. Maurice Ibe, has said the revocation of the operating licence of the Oritsemeyin Rig is a clear warning to upstream operators in Nigeria …

The Nigerian stock market recorded a strong rebound last week as investors’ portfolio value rose by more than N986 billion within five trading sessions. The development marked the end of …

The fragile truce between the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) and the $20 billion Dangote Petroleum Refinery has collapsed, sparking a fierce labour dispute that could …

Ministers, regulators, and top industry leaders are set to gather in Lagos on October 9, 2025, for the Annual NAEC Energy Conference, an event that will bring together policymakers and …

The naira continued its rally on Wednesday, closing at N1,500.91 to the United States dollar at the official Nigerian Foreign Exchange Market. The performance marked a significant milestone as the …

international market, up from $65, after news broke of Israel’s surprise strike on Hamas targets in Qatar. The development, which rattled the oil market, immediately triggered fears of supply disruption …

The Association of Distributors and Transporters of Petroleum Products (ADITOP) has distanced itself from the planned strike by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and allied …

The global oil market is set for another adjustment as eight member countries of the OPEC+ alliance announced plans to increase their crude oil production by a total of 137,000 …

The average cost of refilling a 12.5kg cylinder of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, dropped significantly in August 2025, according to market checks and fresh data …

The South-South Development Commission (SSDC) has announced plans to focus on key projects that will accelerate growth in the region, with rail and road infrastructure, industries, agriculture, telecommunications, housing, and …