Oil
Lokpobiri Tasks New NMDPRA Chief on Ending Tanker Explosions, Boosting Downstream Growth
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has urged the newly appointed Chief Executive of the Nigerian...
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Oil Prices Rise as U.S.-Ukraine Peace Talks and Middle East Tensions Influence Markets
Oil prices rose on Monday as investors weighed the outcome of ongoing talks between the U.S. and Ukrainian presidents on...
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Nigeria’s Daily Petrol Consumption Drops to 52.9 Million Litres in November 2025
Data from the latest Fact Sheet by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) shows that daily petrol...
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Dangote Refinery to Begin Crude Oil Production, Targets 40,000 Barrels Daily
The Dangote Refinery is expected to commence crude oil production before the end of the year, according to a new...
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NUPRC: Nigeria’s 2024 Oil Licensing Round to Deliver 1.5bn Barrels Output in 10 Years
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that the 2024 oil licensing round could deliver up to 1.5...
Read moreNUPRC Approves $4.9bn Non-Associated Gas Projects, Unlocks 9,790BSCF Reserves
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that it has approved more than 25 Non-Associated Gas (NAG) Field...
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Nigeria Records Lowest Crude Losses in 16 Years at 9,600 bpd – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that crude oil losses in the nation’s upstream sector fell to...
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Nigeria Now Exporting Fabrication Services to Middle East, Africa — NCDMB
The Nigerian Content Development and Monitoring Board (NCDMB) has disclosed that Nigeria is now exporting fabrication services to the Middle...
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Nigeria’s 3.5bn Barrels of Undeveloped Oil Valued at N341tn – NUPRC
Over 3.5 billion barrels of oil and condensate reserves are currently locked in undeveloped fields across Nigeria’s basins, according to...
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Nigeria’s Oil Output Rises to 1.546m bpd in July, Retains Africa’s Top Producer Spot — OPEC
Nigeria’s crude oil production rose to 1.546 million barrels per day (bpd) in July 2025, up from 1.505 million bpd...
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