Oil and Gas
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Shell Reports Oil Spill Near Port Harcourt, Promises Investigation
By DAYO ADESULU
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Port Harcourt, Nigeria – Shell Petroleum has confirmed an oil spill at Ogale, near Port Harcourt,… -
Nigerian Petroleum Marketers Face Surging Borrowing Costs Amid High Inflation
By DAYO ADESULU Nigeria’s leading petroleum marketers have recorded a staggering rise in bank borrowing, with loans surging by 76.5%…
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Dangote Refinery Slashes Petrol Price to ₦890/Litre: What It Means for Marketers & Consumers
By DAYO ADESULU Dangote Refinery Reduces PMS Price to ₦890/Litre Marketers Bear the Brunt as Old Stock Loses Value Why…
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Dangote Addresses Recent Increase in Petrol Prices
By DAYO ADESULU Dangote Petroleum Refinery has clarified that the recent rise in the ex-depot price of Premium Motor Spirit…
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Dangote Refinery Raises Petrol Price to Reflect Rising Global Oil Costs
By LEVI JOHNSON The Dangote Petroleum Refinery has announced an increase in the price of Premium Motor Spirit (PMS), commonly…
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Dangote Refinery’s Impact on Europe’s Petroleum Market Highlighted by OPEC
By DAYO ADESULU The Organisation of the Petroleum Exporting Countries (OPEC) has acknowledged the significant impact of Nigeria’s Dangote Petroleum…
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Nigeria’s Oil Production Rises Despite Challenges
By DAYO ADESULU Year-on-Year Increase in Production Nigeria’s daily average oil production rose by 7.38% in December 2024, reaching 1.667…
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Nigeria Earns Only 5% of Revenue From Crude Oil Exports
By DAYO ADESULU Despite being Africa’s largest producer of crude oil, Nigeria generates a mere 5% of the total revenue…
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Dangote Refinery Resumes U.S. Crude Purchases Amid Rising Oil Production Goals
Lagos, Nigeria – The Dangote Petroleum Refinery has restarted the importation of crude oil from the United States after a…
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NNPC Addresses Port Harcourt Refinery Delays Amid Growing Public Discontent
By DAYO ADESULU Challenges Behind Refinery’s Delayed Completion The Nigerian National Petroleum Company (NNPC) has provided new insights into why…
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