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Oil & Gas

Dangote Refinery Secures $1bn Backing Ahead of Planned IPO

The planned Initial Public Offering of the Dangote Petroleum Refinery & Petrochemicals has taken a significant step forward with the…

1 month ago

EFCC Transfers $60m Recovered From Oil Tycoon Azudialu-Obiejesi’s Nestoil To Lenders

Ten weeks after the Supreme Court dissolved an asset freeze on Nestoil Limited, the Economic and Financial Crimes Commission (EFCC)…

1 month ago

President Tinubu Vows To Revive The Refineries After A Reset, Welcomes Validation of Reforms By NUPENG

President Bola Ahmed Tinubu, on Thursday in Abuja, said refineries will not be allowed to waste away, given the huge…

1 month ago

Dangote Refinery: Domestic Crude Must Be Available And Commercially Viable

Dangote Petroleum Refinery and Petrochemicals has clarified its position following recent reports referencing data released by the Nigerian Upstream Petroleum…

1 month ago

Oil Spillage: CSOs Want Nigerian Govt Halt Ogoni Oil Production

AGBOGE ENIYE ESTHER A coalition of 46 civil society organisations (CSOs) has demanded a halt to oil production in Ogoniland…

2 months ago

Dangote Refinery Drops Petrol To ₦1,165/Litre, Diesel To ₦1,570/Litre

Dangote Petroleum Refinery has announced a reduction in the ex-depot prices of Premium Motor Spirit (PMS) and Automotive Gas Oil…

2 months ago

NEC Approves Refinancing Of $3.3bn Project Gazelle To Optimise Cost, Unlock Additional Liquidity

The National Economic Council (NEC) has approved the refinancing of the US$3.3 billion Project Gazelle Pre-Export Finance Facility through a…

2 months ago

100% of Zero Is Zero: What NLNG Teaches Us About The Bonga South-West Tax Incentive

BABS OMOTOWA  Bloomberg recently reported that the Federal Government has agreed to an $11.5-per-barrel tax incentive to enable Shell's $20…

2 months ago

Asharami, 30 Others Emerge Winners in Nigeria’s 2025 Oil and Gas Licensing Round

Thirty-one companies have emerged as winners of 37 oil and gas blocks following the commercial bid conference of the 2025…

2 months ago

FIRST E&P Backs Next Generation of Nigerian Engineers at Olympiad Finale As Modibbo Adama University Emerges Grand Prize Winner, Secures N50M

FIRST Exploration & Petroleum Development Company (FIRST E&P), a leading integrated independent Exploration & Production company with full-cycle upstream delivery…

2 months ago
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