Oil & Gas

The Organisation of the Petroleum Exporting Countries (OPEC) has raised an alarm over the need for serious and continuous investment in the global oil and gas sector, especially in upstream …

The Nigerian Senate has declared that the Nigerian National Petroleum Company Limited (NNPCL) is yet to account for a staggering N210 trillion flagged in the audit report of federal ministries, …

The number of crude oil drilling rigs operating in Nigeria rose to 46 this week, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). This marks a steady increase from …

An Abuja High Court sitting in the Federal Capital Territory (FCT) has declared as null and void the arbitration proceedings initiated against Aiteo Eastern Exploration and Production Company Limited at …

The Nigerian petroleum downstream sector is set to witness another major milestone as Backbone Infrastructure Nigeria Limited (BINL) has announced plans to construct a $15 billion refinery with a capacity …

Fuel prices at filling stations across Lagos and Ogun States have started falling below the N900 per litre mark following a N40 reduction in ex-depot prices by Dangote Petroleum Refinery. …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has generated a total of N28.11 billion in miscellaneous oil revenue between January and May 2025. This amount, which was fully remitted to …

The International Monetary Fund (IMF) has praised the Central Bank of Nigeria (CBN) for the bold reforms it introduced to stabilise the economy, but warned that Nigeria may exceed its …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that many oil companies in Nigeria opposed the Federal Government’s directive to supply crude oil to local refineries, including the Dangote …

The Nigerian oil and gas industry is battling serious investment and operational setbacks caused by excessive bureaucracy and a complex regulatory framework, according to Neconde Energy Limited, one of the …