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[ March 3, 2026 ] Executive Order 9 takes effect as FG halts NNPCL’s 30% deductions News
[ March 3, 2026 ] Asia scrambles for LNG as Qatar halts output due to Iran war News
[ March 2, 2026 ] Dangote refinery increases petrol price from N774 to N875 News
[ March 2, 2026 ] Dawes Island Oil Field secures $109m funding, revives development plan News
[ March 1, 2026 ] Nigeria’s oil revenue dips by 25% to N877bn in one month News

Nigeria moves to boost domestic crude oil refining

*Heineken Lokpobiri speaking with journalists at the Port Harcourt Refinery Mkpoikana Udoma Port Harcourt –– As part of efforts in addressing the challenges of fuel importation and its attendant impact on the country’s economy, the […]

Oil tracks global equities higher, IEA demand downgrade weighs

*Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, March 24, 2016. […]

Nigerian govt optimistic on ExxonMobil asset sale to Seplat

*Gbenga Komolafe, NUPRC CEO SAM IKEOTUONYE, with agency report Lagos — The Nigerian government says it is optimistic that ExxonMobil’s plan to sell part of its Nigerian assets to Seplat Energy can move forward. ExxonMobil, […]

Putin hosts Iraqi PM in Kremlin, hails cooperation in OPEC+

*Russian President Vladimir Putin (right) hosts Iraqi Prime Minister Mohammed Shia Al-Sudani (Photo: Reuters) Moscow — Russian President Vladimir Putin hosted Iraqi Prime Minister Mohammed Shia Al-Sudani in the Kremlin on Tuesday and praised cooperation […]

Nigeria needs $25bn annually to achieve 4mb/d oil output

*Austin Avuru – 3bcf/d domestic gas production Oritsegbubemi Omatseyin Lagos — The Executive Chairman of AA Holdings, Austin Avuru has stated that a reconstructed energy transition agenda and an annual investment of about $25 billion […]

Goldman Sachs sees no immediate impact on oil inventories from Israel attacks

*Goldman Sachs. News wire — Goldman Sachs does not see any immediate major effect on near-term oil market inventories from the attacks in Israel over the weekend, it said in a note. It added, however, […]

‘Angola mulls slowing fuel subsidy removal after protests’

*Angolan Finance Minister Vera Daves De Sousa speaks during an interview with Reuters at the annual meeting of the International Monetary Fund and the World Bank, in Marrakech, Morocco October 9, 2023. REUTERS/Susana Vera Marrakech, […]

Ekpo recommits govt to favourable fiscal, gas operating environment

Michael James Abu Dhabi, UAE — Minister of State Petroleum Resources (Gas), Mr. Ekperikpe Ekpo, has reiterated the commitment of the Federal Government to creating an enabling operational and fiscal environment to support investments in […]

IPMAN backs privatization of Nigeria’s four refineries

*NNPC refinery, Port Harcourt Mkpoikana Udoma Port Harcourt — The Independent Petroleum Marketers Association of Nigeria, IPMAN has thrown its weight behind the call for the privatization of the nation’s four refineries, for efficiency and […]

‘US drillers cut oil & gas rigs for third week in a row’

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