On Sunday, OPEC+ agreed to raise oil output by 137,000 barrels per day (bpd) from November. The increase is equal to the one adopted in October, with markets seeing it as a cautious step amid persistent fears of an oversupplied market. This relatively modest increase came after the group hit back at rumors of a…
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, is confident that the nation’s oil production will hit 1.8 million barrels per day crude benchmark before the year ends. According to Channels Tv report, Ojulari stated this after visiting President Bola Tinubu in Lagos. The NNPCL boss was in…
The tension in Nigeria’s oil and gas sector seems to have come to an end as the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has reached an agreement to suspend two days action against Dangote Refinery. This comes as the oil company agreed to recall its workers dismissed for belonging to PENGASSAN….
Shell aims to strengthen its focus on LNG over the next decade, with chief executive Wael Sawan saying that LNG will be the company’s “biggest contribution to the energy industry”. Sawan noted that natural gas is one of the best fuels to reduce emissions in places that currently rely heavily on coal, such as China,…
Sahara Group, in collaboration with the Association of Energy Correspondents of Nigeria (NAEC), has announced its “Making A Difference: Workshop” aimed at Championing Excellence and Sustainability in Energy Reporting The annual initiative is designed to support energy reporters to hone both their journalistic craft to effectively drive Nigeria’s energy sector reforms and the global energy…
In line with its capacity building mandate, the Nigerian Content Development and Monitoring Board (NCDMB) is set to begin a comprehensive digitalization training programme targeting 3,700 youths across the country. In a statement, the General Manager, Corporate Communications, Obinna Ezeobi, PhD said theinitiative, which is under the banner of the NCDMB Digitalization Initiative (NDI), is…
The Petroleum and Natural Gas Senior Staff Association of Nigeria has instructed its members nationwide to withdraw their services following the alleged mass dismissal of over 800 Nigerian workers by Dangote Refinery. In a circular issued after an emergency National Executive Council meeting on Saturday, September 27, 2025, and signed by General Secretary Lumumba Okugbawa,…
The industrial dispute between the Dangote Petroleum Refinery and the Petroleum and Natural Gas Senior Staff Association of Nigeria took a dramatic turn on Saturday as the union ordered seven branches to cut off crude oil and gas supplies to the $20bn facility. In a letter dated September 26 and signed by its General Secretary,…
The Dangote Petroleum Refinery has announced the suspension of petrol sales in naira, a move that has unsettled marketers and raised fresh concerns about fuel pricing and foreign exchange pressure. In an email sent to its customers, the refinery disclosed that the decision would take effect from Sunday, September 28, 2025, citing the exhaustion of…
The Nigerian National Petroleum Company Limited (NNPCL) has reported a 91.3 percent surge in its monthly profit, rising to N539 billion in August 2025 from N185 billion in July. According to its Monthly Report Summary for August 2025, the company’s revenue also climbed to N4.655 trillion, compared to N4.406 trillion recorded in July. The report…
