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Tinubu signs executive orders to offer incentives for oil, gas projects

    Tinubu signs executive orders to offer incentives for oil, gas projects

President Bola Tinubu has issued policy directives to improve the investment climate and position Nigeria as the preferred investment destination for the oil and gas sector in Africa. In a

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Report: Foreign oil companies offer loan to Dangote refinery in exchange for fuel

    Report: Foreign oil companies offer loan to Dangote refinery in exchange for fuel

Foreign oil traders are offering loans to provide working capital for Dangote refinery in exchange for fuel from the plant. According to a report by Reuters on Tuesday, Aliko Dangote

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OPEC+ members extend 2.2m voluntary output cuts to Q2 2024

    OPEC+ members extend 2.2m voluntary output cuts to Q2 2024

The members of the Organisation of the Exporting Countries and its allies (OPEC+) have agreed to extend voluntary oil output cuts of 2.2 million barrels per day (bpd) into the

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PTD seeks justice, says NSCDC officials tortured members over ‘refusal to give money’

    PTD seeks justice, says NSCDC officials tortured members over ‘refusal to give money’

The Petroleum Tanker Drivers (PTD) group, under the aegis of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), has condemned the degrading maltreatment of two of its members

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Report: Oil firms ask FG to approve IOCs’ divestment to end uncertainty

    Report: Oil firms ask FG to approve IOCs’ divestment to end uncertainty

Oil majors have expressed frustration at Nigeria’s slow progress in approving asset sales in the country. There have been delays

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Seplat CEO: Mobil Producing Nigeria acquisition will be approved this year

    Seplat CEO: Mobil Producing Nigeria acquisition will be approved this year

Roger Brown, chief executive officer (CEO), Seplat Energy Plc, says the company is confident the acquisition of Mobil Producing Nigeria

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NLNG: LPG production has increased from 70,000MT to 1.5m MT

    NLNG: LPG production has increased from 70,000MT to 1.5m MT

The Nigeria LNG Limited (NLNG) says it is producing over 1.5 million metric tonnes (MT) of liquified petroleum gas (LPG),

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Petrol importation reduced by 50% since subsidy removal, says FG

    Petrol importation reduced by 50% since subsidy removal, says FG

The federal government says petrol importation into the country has dropped by 50 percent since the removal of the subsidy.

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OB3 gas pipeline to be completed next month, says FG

    OB3 gas pipeline to be completed next month, says FG

The federal government says the Obiafu-Obrikom-Oben (OB3) gas pipeline will be completed in March 2024. Ekperikpe Ekpo, minister of state

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We’re not hindering divestment by foreign oil companies, says NNPC

    We’re not hindering divestment by foreign oil companies, says NNPC

The Nigerian National Petroleum Company (NNPC) Limited says its role in the divestment of international oil companies (IOCs) from onshore

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