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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 demanded separation of its crude oil from condensate output 6yrs ago

*Mele Kyari – Mele Kyari’s disclosure rather disingenuous Lagos — In a bid to obtain more favourable quota allocations from the Organization of Petroleum Exporting Countries, OPEC, Nigeria had 6 years ago embarked on a […]

Eni to sell Nigerian oil and gas unit NAOC to Oando

*Crude oil from Ogboinbiri Deep-9 facility operated by NAOC flowing into the Apoi Creek London — Italian energy group Eni has signed an agreement to sell its unit Nigerian Agip Oil Company, NAOC, to Nigerian […]

TotalEnergies Upstream Nigeria appoints Matthieu Bouyer as MD/CE

*Matthieu Bouyer Lagos — Mr. Matthieu BOUYER has been appointed the Managing Director/Chief Executive of TotalEnergies Upstream Companies in Nigeria and representative of TotalEnergies Company in Nigeria effective August 21, 2023. A graduate of the […]

Nigeria pumping 1.67mbd of oil, condensates – NNPC

*Crude oil handling facility Abuja — Lagos – The Nigerian National Petroleum Company, NNPC, says the nation is currently pumping 1.67 million barrels per day, mbd, of oil and condensates. The company’s group chief executive […]

China adds 15 million tons to 2023 fuel-export quotas in third batch

PetroChina, Sinopec and CNOOC logos Beijing — China has issued 15 million metric tons of oil products export quotas to companies in its third batch for 2023, according to three trading sources and two domestic […]

US oil and gas output nears peak

*Crude oil storage tanks at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS.Drone Base London — U.S. crude oil production increased again in June and is nearing the record high set […]

Petrol scarcity looms as landing cost hits N800/litre

*Petrol dispenser nozzle. Mkpoikana Udoma Port Harcourt — Another round of petrol scarcity and price hike in the country is around the corner, as the landing cost of premium motor spirit has risen to N800 […]

Indonesia’s Pertamina plans more biofuel products, ethanol imports in 2024

Jakarta — Indonesian state energy company Pertamina plans in 2024 to mix more of its gasoline products with ethanol in a bid to offer alternative fuels to the public, its chief executive said on Monday. […]

Oil edges up on US crude stockpile draw, hurricane jitters

Brent crude futures for October rose 21 cents to $85.70 a barrel by 1108 a.m. EDT (1508 GMT). The October contract expires on Thursday and the more active November contract was at $85.13, up 22 […]

PetroChina reports record interim net profit on refining surge

*PetroChina’s Jinzhou refinery Beijing — State-owned energy giant PetroChina (601857.SS), reported a record-high net profit for the first half of the year, driven by increased oil and gas output and resurgent refined fuel sales. Net […]