Breaking News
Warri Refinery Resumes Operations After Years of Inactivity
The Warri Refinery, with a 125,000 bpd capacity, has resumed operations at 60% capacity. This milestone reinforces Nigeria’s energy security
31 December 2024
Oil Sector
Business
Olam Group Completes $1.24 Billion Stake Sale to Saudi Arabia’s SALIC
Olam Group sells a 35.43% stake in its agricultural wing to Saudi Arabia’s SALIC for $1.24 billion. The partnership aims to boost food security
27 December 2024
Business
MRS Oil Lowers Petrol Price To N935 Per Litre Across Stations
In the spirit of Yuletide MRS Oil crashes petrol prices across all stations following a new partnership with Dangote refinery.
24 December 2024
Business
Saipem Secures $900 Million Offshore Oil Contract
Saipem, in partnership with AVEON Offshore and KOA Oil & Gas, wins a $900 million contract from Shell for Nigeria’s Bonga North Project
23 December 2024
Business
Oando Reports N3.2 Trillion Revenue Amid Operational Challenges in Q3 2024
Oando PLC shows resilience in Q3 2024, achieving 36% revenue growth despite a 5% production cut due to vandalism.
20 December 2024
Breaking News
Dangote Refinery Cuts Petrol Ex-Depot Price, Yet Pump Price Remains Unchanged
Despite Dangote Refinery reducing the ex-depot price of petrol to N899.50 per litre, pump prices remain high, ranging from N1,025 to N1,100 across Nigeria.
20 December 2024
Business
Dangote Refinery Begins Exporting Petrol To Cameroon
Dangote Refinery, Africa’s largest crude oil refinery, achieves a milestone with its first petroleum export to Cameroon
12 December 2024
Business
OPEC Appoints Nigeria’s Ademola Adeyemi-Bero as Chairman of Board of Governors for 2025
Nigerian oil industry veteran Ademola Adeyemi-Bero has been appointed as Chairman of OPEC’s Board of Governors for 2025
11 December 2024
Breaking News
Port Harcourt Refinery Conversion Units Non-Functional Despite NNPCL’s Claims
Despite NNPCL’s announcement of the Port Harcourt Refinery’s revival, its Conversion Units remain non-functional
8 December 2024
Breaking News
PETROAN Refutes Claims of New Petrol Price from Port Harcourt Refinery
PETROAN clarifies that no new petrol price has been announced by NNPC for the Port Harcourt Refinery, dismissing reports of pricing.
28 November 2024
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