NNPC Injected N13.2tn into State Refineries in Two Years Despite Mounting Losses
The Nigerian National Petroleum Company Limited (NNPC Ltd) injected an estimated N13.2 trillion into Nigeria’s three state-owned refineries in 2023 ...
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Tag: #OilAndGas
Nigeria Must Rethink Oil Financing to Meet Production Targets — Oando Executive
Nigeria’s oil industry must fundamentally rethink how it finances production growth if the country is to achieve its ambitious output ...
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NNPC in Talks with Chinese Firm to Revive Nigerian Refineries
Nigeria’s state-owned oil company, the Nigerian National Petroleum Corporation (NNPC), is in discussions with a Chinese firm to revive one ...
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Shell Profit Rises 11% Despite Falling Oil Prices, Raises Dividend
British energy giant Shell on Thursday reported an 11 per cent rise in net profit for 2025, as higher production ...
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Nigeria Secures $18.2bn Oil Investments With 28 New Field Development Plans
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has disclosed that Nigeria recorded a major investment milestone in ...
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Conoil Profit Slumps 77% in 2025 as Finance Costs Surge
Conoil Plc has reported a sharp 77.1 per cent decline in profit for the 2025 financial year, as higher finance ...
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Nigeria’s Gas Output Rises 8%, Climbs by 198bn Scf Amid Elevated Flaring
Nigeria’s total gas production rose by nearly eight per cent in 2025, increasing by about 198 billion standard cubic feet ...
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NNPC, Chevron Strike Hydrocarbon Success at Awodi-07 Well in Niger Delta
The Nigerian National Petroleum Company Limited (NNPC Ltd) has congratulated Chevron Nigeria Limited (CNL) on the successful completion of the ...
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Tinubu Approves Investment-Linked Incentives for Shell’s Bonga South West Oil Project
President Bola Ahmed Tinubu has approved the gazetting of targeted, investment-linked incentives to support the proposed Bonga South West deep-offshore ...
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PETROAN Calls for Steady Crude Supply, Pricing Stability to Ease Fuel Prices in 2026
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has urged the Federal Government and industry regulators to prioritise ...
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