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Baltimore fuel suppliers face logistical challenges after bridge collapse

A cargo ship smashed into the Francis Scott Key Bridge on Tuesday, causing parts of the bridge to collapse into shipping lanes at the mouth of the Port of Baltimore, and putting one of the […]

Russia’s Novak says there’s no need for diesel export ban

Russia has faced a steep reduction in oil refining capacity, crippled by technical outages and drone attacks. It banned exports of gasoline for half a year starting from March 1. Refining capacity shut down by […]

US drillers cut oil and gas rigs for second week in a row

*US weekly offshore rig count. News wire — U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since […]

‘Nigeria poised to surpass 2mb/d oil production capacity’

*Heineken Lokpobiri Mkpoikana Udoma Port Harcourt — Minister of State Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has announced that Nigeria remains poised to surpass its projected 2,000,000 barrels per day crude oil production capacity. Lokpobiri […]

NUPRC to develop template for enforcement of Domestic Crude Supply Obligation

*Engr, Komolafe Oritsegbubemi Omatseyin Lagos — The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has instructed its enforcement committee to develop a template for the seamless implementation of the Domestic Crude Oil Supply Obligation, DCSO, within 48 hours. The directive was […]

Nigeria spent N11.9trn on petroleum products import in 2023

*Petroleum imports. Michael Eboh Dublin, Ireland — Nigeria spent N11.85 trillion on the importation of petroleum products, including premium motor spirit (PMS) also known as petrol, in 2023, according to data released by the National […]

Spill from Frontier Oil’s OML13 rocks Akwa Ibom community

*Community members scooping spilt crude by Frontier Oil Limited with cans and bottles. Mkpoikana Udoma Port Harcourt — Massive oil spills from a facility operated by an indigenous oil firm, Frontier Oil Limited, has rocked […]

NNPCL signs agreement to buy PMS, AGO from Azikel refinery

*Managing Director of NNPC Retail Limited, Mr. Huub Stokman; and Chairman of Azikel Petroleum Limited, Dr. Eruani Azibapu, after signing the agreement. Mkpoikana Udoma Port Harcourt — The NNPC Retail Limited has signed products and […]

Shell remains “the world’s most valuable oil and gas brand”

*Shell LNG Marketing & Trading. Lagos — In its latest report, brand valuation consultancy Brand Finance has ranked the world’s strongest, most valuable and fastest-growing oil and gas brands, with Shell topping the list. Shell […]

NSCDC arrests five suspects for vandalising Heirs/NNPCL JV wellhead

*NSCDC personnel inspecting an artisanal oil refining site. – Uncovers 10 illegal refineries with 500,000litres of crude oil Mkpoikana Udoma Port Harcourt — The Nigerian Security and Civil Defence Corps, NSCDC says it has uncovered […]