Oil & Gas

ABUJA, Nigeria — The Federal Government has said the removal of petrol subsidy by President Bola Ahmed Tinubu has ended a longstanding economic drain, saving Nigeria over $84 billion and …

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has officially endorsed Petroleumprice.ng as the recognised digital platform for petroleum pricing, downstream industry news, and marketplace services in Nigeria. …

The Nigerian equities market extended its bullish rally on Tuesday as the overall market capitalisation crossed the ₦71 trillion mark, driven by strong performances from Oando Plc and 30 other …

Nigeria’s oil and gas industry is undergoing a major transformation as local oil companies now produce more than half of the country’s total crude oil output. This development marks a …

Nigeria’s oil and gas sector is undergoing a major transformation, driven by local companies stepping into roles traditionally held by international oil majors. With a wave of asset divestments by …

South Africa’s ultra-left opposition party, the Economic Freedom Fighters (EFF), has taken legal action against the government over its plan to increase the fuel levy by 4%, a move the …

PE Energy Limited, a leading energy services company in Nigeria, has officially submitted its Engineering Audit Report on Upstream Measurement Equipment and Facilities in the Nigerian oil and gas sector …

The Major Energies Marketers Association of Nigeria (MEMAN) has said that low taxation is one of the main reasons why petrol is cheaper in Nigeria than in other West African …

Shell has lifted the first crude oil cargo from Nigeria’s new Otakikpo onshore terminal, officially marking the start of operations at the $400 million facility developed by Green Energy International …

Global credit rating agency, Moody’s Ratings, has upgraded Nigeria’s long-term foreign and local currency issuer ratings from Caa1 to B3, citing improved transparency in the country’s foreign exchange system and …