Dangote Refinery has clarified that NNPC Limited is yet to commence the lifting of petrol at the facility as both parties are still negotiating terms.

THERE were long queues in Lagos and environs, yesterday, as many independent oil marketers without petrol shut their filling stations against motorists and other customers.

The Nigerian Electricity Regulatory Commission, NERC, has granted Oyo State the right to set up and regulate electricity supply and distribution within the State.

….strong earnings prospects from the new refinery GCR Ratings (GCR) has affirmed the national scale long-term and short-term issuer ratings of AA+(NG) and A1+(NG) respectively accorded to Dangote Industries Limited (DIL). GCR in its recent report also affirmed the national scale long-term issue rating of AA+(NG) accorded to each of Dangote Industries Funding Plc’s Series […]

Transcorp Power Plc, one of the power subsidiaries of Transcorp Group, has declared a 142 percent rise in its half year revenue from N55.9 billion recorded in H1 2023 to N135.4 in H1 2024.

As part of efforts to end gas flaring and generate revenue for the government, the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, Wednesday, disclosed that it has assessed and identified 49 commercially viable gas flare sites for auction.

Society of Energy Editors, SEE, has predicted growth in the oil, gas, power and other sectors of Nigeria’s economy in the third quarter (July – September) of 2024

Nigeria’s Condensate dropped, year-on-year, YoY, by six per cent to 224,040 barrels per day, bpd, in June 2024, from 238,488 bpd in the corresponding period of 2023.

“However, if the situation is allowed to continue, local production will have no option than to stop the commissioning of gasoline units and shutdown refineries until regulatory environment improves.”

Chairman of Nestoil Limited, Dr. Ernest Azudialu-Obiejesi, has called for a shift in the implementation of the Nigerian content policy and advocated for awarding contracts to companies with proven capacity, rather than solely considering the lowest bids.

Protecting and rehabilitating Africa’s natural carbon sinks, such as forests, oceans, coastal mangroves, wetlands and grasslands can significantly aid in mitigating the effects of climate change, Ejiro Gray, Director, Governance and Sustainability, Sahara Group has said.

Nigeria’s total oil production increased marginally by 1.45% in May 2024 to 1.46 million barrels per day, up from 1.44 million barrels per day in April, and contrary to claims by officials that production had reached 1.7mbpd last month.

Oando Plc, Nigeria’s indigenous energy group, said it successfully participated in the closure of a US$925 million facility coordinated by African Export-Import Bank (Afreximbank) for Project Gazelle.

“We all understand that Nigeria is very prolific in oil and gas, but then there is still need to grow the reserves through exploration activities given our huge hyrdro-carbon as a bench mark,” he noted.”

NNPC Limited and ExxonMobil have signed the settlement agreement on the proposed $1.28 billion asset divestment of Mobil Producing Nigeria Unlimited to Seplat Energy Offshore Limited.