Industry

Dangote Petroleum Refinery is currently conducting test runs for petrol production, with expectations for full operations to begin by mid-September, according to a report by Reuters. The report Indicates that the timeline may be…
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Aradel Holdings Plc (“Aradel Holdings” or “the Company”), through its subsidiary, Aradel Energy Limited, has signed a sale and purchase agreement to acquire the 100% interest in the Olo and Olo West Marginal Fields from TotalEnergies…
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The Society of Petroleum Engineers (SPE) Nigeria Council has unveiled the theme for Nigeria Annual International Conference and Exhibition (NAICE) 2025: “Building a Sustainable Energy Future: Leveraging Technology, Supply Chain,…
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*Stakeholders push for increased IGRs Tougher times await federal, states and local governments as subsidy on premium motor spirit (PMS) is set to erode over N7.7 trillion from the Federal Allocation Account by December this year.…
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A gas station attendant pumps fuel into a customer's car at the NNPC Mega petrol station in Abuja, Nigeria March 19, 2020. REUTERS/Afolabi Sotunde Nigerian authorities are facing a resurgence of petrol smuggling as price disparities…
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Fresh facts have emerged on the dirty undercurrents in the export of crude oil in the Upstream sector at a colossal loss in taxes to the Federal Government by a Nigerian company Matrix Energy Group which has strong ties with top guns…
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L-R: Director, NNPC/SPDC JV Centre of Excellence in Environmental Management and Green Energy, University of Nigeria, Professor Anene Moneke; Head, Corporate Relations Nigeria, and Director Shell Petroleum Development Company (SPDC), Igo…
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Senegal’s new authorities have set up a commission of experts to “rebalance” oil and gas contracts, Prime Minister Ousmane Sonko said, following an election pledge to renegotiate hydrocarbon agreements. The West African country,…
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GCEO, NNPC,, Mele Kyari The Chief Executive Officer of Cowry Assets Management Ltd, Jonhson Chukwu has said that the dividend and taxes paid by the Nigerian National Petroleum Company Ltd will reduce the financial burden of the federal…
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The Chief Financial Officer (CFO), of the Nigeria National Petroleum Company Ltd (NNPCL), Alhaji Umar Ajiya has disclosed that the government pays the company to sell PMS at half price of the landing cost- what he calls shortfall. …
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