News

*A view of the Dangote Petroleum refinery is pictured in Ibeju-Lekki, Lagos, Nigeria May 22, 2023. REUTERS/Temilade Adelaja/File Photo. Lagos — The Dangote Petroleum Refinery has increased the gantry price of its Premium Motor Spirit, […]

Hector Igbikiowubo London — A significant financial boost for the development of the Dawes Island marginal oil field has been confirmed, with Toronto-based investment firm REIN Capital reinstating a US$109 million lending facility. The move […]

*Some cars drive past the Central Bank of Nigeria headquarters in Abuja. Michael Eboh Dublin, Ireland — Nigeria’s revenue from the oil and gas industry dipped by 25.04 per cent to N877.176 billion in December […]

Michael Eboh Dublin, Ireland — Nigeria collected N269.3 billion in gas flared penalties from oil and gas companies operating in the country in one year, from January to December 2025, according to latest data released […]

*L-r: Iran’s Supreme Leader, Ali Khamenei, U.S. President Donald Trump and Israeli Prime Minister, Benjamin Netanyahu. Esther Oritse Lagos — Heightened military tensions involving Iran, the United States and Israel have significantly increased threats to […]

*Paulinus Iheanacho Okoronkwo, former General, Upstream Division, NNPC Lagos — A U.S. federal court has sentenced former General Manager of the Upstream Division at the Nigerian National Petroleum Corporation, NNPC, Paulinus Iheanacho Okoronkwo, to 87 […]

*Executive Director of the Midstream and Downstream Gas Infrastructure Fund, MDGIF, Mr. Oluwole Adama with an executive of  Indraprastha Gas Limited, IGL. Mkpoikana Udoma Port Harcourt — The Executive Director of the Midstream and Downstream […]

*Chief Executive, NUPRC, Mrs. Oritsemeyiwa Eyesan (right), and Executive Secretary, NEITI, Musa Sarkin Adar, during the visit to NUPRC’s corporate headquarters in Abuja Oritsegbubemi Omatseyin Lagos — The Commission Chief Executive, Nigerian Upstream Petroleum Regulatory […]