The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued a stern warning to oil companies, stating that it will deny export permits for crude oil cargoes intended for domestic refining if they fail to meet their domestic crude supply obligations. This announcement was made by Gbenga Komolafe, the Commission’s Chief Executive, in a statement released […]Read More
The Nigerian National Petroleum Company (NNPC) Limited have launched five mini-Liquiefied Natural Gas (LNG) Plants in Ajaokuta, Kogi State. The Plants, launched alongside partners, have a combined capacity of 97 million standard cubic feet of gas per day (mmscf/d). NNPC stated that this furthers its efforts to deepen domestic gas utilisation, in line with the […]Read More
The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has approved the development of a new refinery with a processing capacity of 10,000 barrels per stream day in Delta State. NMDPRA disclosed that the licence to establish the refinery was granted to MRO Energy Limited, an energy firm, for its facility […]Read More
Dangote Refinery has reassured Nigerians that petrol will be sold at ₦970 per litre nationwide through its three key partners, despite a recent adjustment to its ex-depot price. Anthony Chiejina, a spokesperson for the refinery, attributed the price adjustment to a significant rise in global crude oil prices. In a statement released on Sunday, Chiejina […]Read More
The Niger State Emergency Management Agency (NSEMA) has confirmed that at least 86 people tragically lost their lives in a tanker explosion at Dikko Junction along the Abuja-Kaduna Expressway. The incident occurred on Saturday, 18 January 2025, in Gurara Local Government Area of Niger State. According to Abdullahi Baba Arah, the agency’s Director General, all […]Read More
Eterna Plc has announced the appointment of Olumide Adeosun as its new Managing Director and Chief Executive Officer, effective 3 February 2025. The disclosure, signed by company secretary David Edet, was shared via the Nigerian Exchange platform. Adeosun will succeed Abiola Lawal, who is set to step down on 31 January 2025. The Board expressed […]Read More
The Organisation of the Petroleum Exporting Countries (OPEC) has reported that increased petrol production from Nigeria’s Dangote Refinery is intensifying pressure on Europe’s already sluggish fuel market. In its latest monthly report, OPEC highlighted that the Dangote Refinery, which began exporting petrol in December 2024, has contributed to an oversupply situation in the European fuel […]Read More
Global oil markets are on track to face a significant surplus in 2026, according to the U.S. Energy Information Administration (EIA). OPEC’s decision to ramp up production, combined with steady output growth from countries like the United States, Canada, and Guyana, is driving the projected glut. In its latest report, released on January 14, 2025, […]Read More
Mele Kyari, the Group Chief Executive Officer of Nigerian National Petroleum Company (NNPC) Limited, announced on Wednesday that the state-owned oil company has contributed ₦10 trillion to the federation account. He highlighted that this achievement makes NNPC the highest taxpayer in Nigeria and the only company in the country that consistently publishes 100% of its […]Read More
Coal continues to dominate South Africa’s energy portfolio, at over 80% of the country’s power generation mix JOHANNESBURG, South Africa – Just Energy Transition Partnerships (JETP) have been introduced in recent years to provide financial support to developing nations as they transition away from fossil fuels. In 2021, during the 26th UN Climate Change Conference of […]Read More
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