Oil & gas

Why Nigeria’s oil rigs rise by 762% to 69 in 4 years — NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that the oil rig count in the country rose from eight in 2021 to 69 as of October 2, 2025,...

Nigerians face difficulty in purchase of cooking gas as prices soar

The scarcity of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, has spread across several Nigerian cities,...

Nigerian oil industry crisis may linger despite suspension of latest strike

By Paul Ejime Nigeria’s major oil workers union, PENGASSAN has announced the suspension of its two-day strike, but warned that...

Strike will not cause fuel scarcity – PENGASSAN

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has assured Nigerians that its proposed strike,...

Why Dangote refinery still employs over 3,000 Nigerians – Mgt

By Paul Ejime Dangote Petroleum Refinery has clarified its position on the sacking of an undisclosed number of Nigerian workers,...
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60,000b/d Old PH Refinery fully operational – Facility manager

Ibrahim Onoja, the manager of Old Port Harcourt Refinery, has said that the facility is now fully operational. His claim came in the wake of allegations...

Nigeria’s oil production fell 3 million barrels in November – OPEC Data

Nigeria suffered a setback in its effort to meet its Organization of Petroleum Exporting Countries (OPEC) crude oil quota in November, under-producing by as much as 3 million barrels in the whole of the month compared to October.

FG commissions 12 NNPC CNG Stations in Abuja, Lagos

The Nigerian National Petroleum Company Limited, through its retail outlets and partners, has inaugurated 12 CNG stations strategically located in Abuja and Lagos to...

Oil marketers reduce petrol price to ₦939.50 per litre

Oil marketers lifting Premium Motor Spirit (PMS), commonly known as petrol, from the Dangote Petroleum Refinery have reduced the price of the product by...

Expert Tasks Africa On Participation In Upstream Investment

Ms Funmi Ogbue, an oil and gas expert, has advised African countries to encourage more participants to invest in the upstream sector amidst divestments by the International Oil Companies (IOCs).

Oil prices rise despite multiple bearish catalysts

Oil prices are rising despite concerns about Trump imposing tariffs on trading partners and talk of a peace deal between Russia and Ukraine. Oil prices...
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