Oil and Gas

The dust had barely settled on Seplat Energy’s monumental acquisition of MPNU, yet the gaze of its leadership was firmly fixed on the horizon, a future painted in hues of sustainable growth. Chairman Udoma Udo Udoma, addressing stakeholders, reiterated this vision, emphasizing that the doubling of production and reserves was …

The Dangote Petroleum Refinery and Petrochemicals has reduced the ex-depot (gantry) price of petrol to ₦865 per litre. Sources confirmed that the $20 billion refinery notified its marketers and customers of the new pricing on Thursday. An official from the refinery, speaking to The Nation, confirmed the price adjustment from …

In a significant move to safeguard Nigeria from potential fraud, the Attorney-General of the Federation and Minister of Justice, Chief Lateef Fagbemi (SAN), has led a team of senior lawyers to represent the Federal Government at a Supreme Court hearing over the Petro Union Oil and Gas Limited case. The …

Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has accused federal Ministry of Labour and Ministry of Interior of disregarding established regulations in granting approximately 11,000 Indians expatriate status for employment at Sterling Oil Exploration and Energy Production Company Limited President of the union, Festus Osifo, who leveled …

In a bold move aimed at stabilizing fuel prices and protecting consumers, Dangote Refinery has announced a significant reduction in its petrol gantry price to N825 per litre, effective February 27, 2025. According to the compqny, this decision, coupled with a promise to refund customers who are overcharged, signals the …

In a significant move to alleviate pressure on road networks and facilitate exports to other African countries, the Dangote Group has announced plans to transport refined petroleum products by sea. This development was revealed by Fatima Wali-Abdurrahman, Senior Adviser to the Group President on Special Projects and Strategic Relations, in …

Major oil companies including Exxon Mobil, Shell, TotalEnergies, and Eni are considering leaving Nigeria’s onshore oilfields due to mounting security challenges, particularly theft and vandalism in the Niger Delta. This news comes as a blow to Nigeria’s oil industry, with these departing companies controlling a significant portion of the country’s …

The Dangote refinery on Tuesday announced a further reduction in diesel price and aviation fuel to N940 and N980 per litre respectively. This ment comes a week after the company announced a reduction in the price of diesel from N1,200 to N1,000 per litre. Commending the company’s efforts last Wednesday, President Bola …

Africa’s leading digital payment and commerce company, Interswitch, has said it is pertinent for oil and gas businesses to leverage digital solutions to drive the growth and sustainability of the energy sector. The company made this known at the first edition of the Interswitch Energy Summit, held at the Oriental …

…Set to commence production Dangote Refinery (http://www.Dangote.com) appears set to commence production of refined petroleum products with the receipt of the sixth batch of the of barrels of crude supplied by the Nigeria National Petroleum Corporation Limited (NNPCL). The fresh one million Agbami barrels of crude via MT ALMI SUN …