Nigerians are set to enjoy better supply and more affordable pms rates as Dangote Refinery has partnered with MRS to sell Premium Motor Spirit (PMS) at N935 per litre. The new price, reduced from N970 per litre will take effect…
NNPCL Refutes Reports of Port Harcourt Refinery Shutdown – Affirms Ongoing Product Loading
The Nigerian National Petroleum Company Limited (NNPC Ltd) has refuted claims in some section of the media, alleging that the Old Port Harcourt Refinery which was re-streamed two months ago has been shut down. In a statement released moments ago…
Dangote Refinery Cuts Petrol Price to N899 per litre
Dangote Petroleum Refinery has announced a new ex-depot price of N899.50 per litre for Premium Motor Spirit (PMS), commonly known as petrol, effective immediately. It would be recalled that on November 24th, the refinery lowered the price of PMS to…
Shell selects TechnipFMC for Nigerian Deepwater Project
TechnipFMC has been awarded a contract by Shell Nigeria Exploration and Production Company to supply subsea production systems for the Bonga North development in Nigeria, TechnipFMC announced on Tuesday. Under the contract, TechnipFMC will design and manufacture subsea tree systems,…
Ex-NNPC CEOs Commend Groundbreaking Revitalization of Port Harcourt Refinery
The Revitalization of the Port Harcourt Refinery has continued to receive commendations as former Group Managing Directors (GMDs) of the Nigerian National Petroleum Company Limited (NNPC Ltd) have applauded Mallam Mele Kyari and the current management team for the impressive…
NUPRC Plans Another Oil Licensing Round in 2025
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is set to launch another oil licensing round in 2025, the Commission’s Chief Executive, Gbenga Komolafe, revealed on Wednesday during the 2024 Licensing Round Commercial Bid Conference in Lagos. This announcement comes as…
President Tinubu Unveils N49.8 Trillion Budget – Targets Education, Healthcare and Security as Focal Areas
Highlights of the 2025 Budget of Restoration: Securing Peace, Rebuilding Prosperity President Bola Ahmed Tinubu earlier today presented Nigeria’s N49.8 trillion 2025 budget, marking a 35% increase from the 2024 budget of N28 trillion. The budget, dubbed the “Budget of…
Aradel Holdings Acquires 5.14 Percent Stake in Chappal Energies Mauritius
Aradel Holdings Plc (“Aradel” or the Company) has announced its decision to acquire a 5.14% equity stake in Chappal Energies Mauritius Limited (“Chappal”), an energy company focused on investments in deep value and brownfield upstream opportunities across Africa. This strategic…
PETAN Pays Tribute to Dedicated Supporters – Marks 30th Anniversary
The Petroleum Technology Association of Nigeria (PETAN) marked its 30th anniversary with a grand celebration, honoring distinguished individuals, organizations, and supporters who have contributed to the association’s growth and the advancement of local content in Nigeria’s oil and gas sector.…
Oriental Energy Resources Inaugurates $315 Million FPSO – Signifying Landmark Achievement for Nigeria’s Energy Industry
Nigeria’s energy sector has reached a new milestone with the inauguration of a $315 million Floating Production Storage and Offloading (FPSO) vessel. The inauguration, which took place at Drydocks World in Dubai, was attended by Vice President Kashim Shettima, who…
