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[ June 24, 2026 ] FG mobilises EFCC, DSS, police to tackle LPG hoarding, diversion News
[ June 24, 2026 ] NUPRC, Defence target 1.8mbpd growth with new oil assets security strategy News
[ June 23, 2026 ] Sub-$80 oil tests Nigeria’s deregulation resolve News
[ June 23, 2026 ] Nigeria eyes LPG imports to close 165,000MT supply gap News
[ June 22, 2026 ] PTDF seeks stronger talent pipeline for oil industry growth News

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 […]

World oil demand outpacing expectations, challenging peak crude predictions

*Amin Nasser speaks during the 2024 CERAWeek by S&P Global conference in Houston. Newswire – The world is using more oil than ever and demand is outpacing expectations again this year, raising questions about how […]

Oil rises as heightened geopolitical risks exacerbate supply concerns

*Global oil flow. Tokyo — Oil prices rose in early Asian trading on Monday on concerns over tighter global supply brought about by escalating conflicts in the Middle East and between Russia and Ukraine, while […]

Perenco mourns loss of workers in offshore Gabon Fire

*Offshore Gabon – AEC extends condolences & support Johannesburg, South Africa — Africa-focused independent oil and gas company Perenco has announced the death of five of its workers following fire broking at its Becuna platform […]

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Sinopec’s 2023 net income falls 9.9% in ‘complicated environment’

*The logo of China Petroleum & Chemical Corporation, or Sinopec, is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren Acquire Licensing Rights. Beijing — China […]

Mexico’s Pemex put off repairs despite vast methane leak

Mexico City — Mexican state energy company Pemex put off urgent repairs and maintenance at an important offshore platform for months, resulting in methane spewing into the atmosphere, according to internal documents and three sources […]