NNPC/FIRST E&P Funds Eco-Shoes for 2,000 Students via FREEE Foundation

FREEE Impact Foundation, the nonprofit arm of Nigeria’s foremost tire recycling company, FREEE Recycle Limited, has been awarded a ₦25m grant by the NNPC Limited/FIRST E&P Development Company Joint Venture. The award, announced at the Movenpick Hotel, Lagos, was part of the 2025 “Impact FIRST” Awards—a corporate social responsibility initiative designed to fund high-impact, community-driven […]Read More

Troops deactivate 95 illegal refining sites in April – DHQ

The Defence Headquarters says the troops of Operation Delta Safe, discovered and deactivated 95 illegal refining sites and foiled oil theft worth N1.9 billion in the month of April. The Director, Defence Media Operations, Maj.-Gen. Markus Kangye, made this known while briefing newsmen on the activities of the Armed Forces of Nigeria on Thursday in […]Read More

NLNG To Receive More Gas From Seplat With New Deal

The Nigerian Liquified Natural Gas Limited (NLNG) is hoping on improved gas supply as the company opens talk with Seplat Energy. The NLNG has suffered supply hitches following theft in oil and gas production sector, is set to see gas supplies jump once a deal with Seplat Energy goes into effect, according to Bloomberg. Under […]Read More

PETROAN lauds FG’s ban on foreign products importation

The Petroleum Products Retail Owners Association of Nigeria (PETROAN) has lauded the Federal Government’s decision to ban the importation of foreign goods produced locally. Dr Billy Gillis-Harry, National president of PETROAN, on Tuesday while commending government’s efforts to strengthen the domestic economy and promote local content, called for careful implementation to avoid unintended consequences. He […]Read More

ExxonMobil unveils $1.5 bn investment to revive Usan deepwater field

… FID to be implemented between Q2, 2025 – 2027 – Harris ExxonMobil has announced a $1.5 billion investment scheduled between Q2 2025 and 2027 to revitalize production at the Usan deepwater oil field, reinforcing its long-term commitment to Nigeria’s oil and gas sector. Mr. Shane Harris, ExxonMobil’s Managing Director in Nigeria, made this known […]Read More

OTC 2025: Ekpo  harps on funding, R&D to unlock Nigeria’s

To maximise Nigeria’s gas potential, there is a need to pursue sustainable bankable projects and invest in research and development (R&D) that aligned with global ESG (Environmental, Social, and Governance) standards, the Minister of State, Petroleum Resources (Gas), Ekperikpe Ekpo, has said. Mr. Ekpo spoke yesterday, during a Luncheon and Panel Session, themed: “Harnessing Nigeria’s […]Read More

Nigeria Set to Become Petroleum Exporting Nation by 2027, Says

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has forecast that Nigeria will emerge as a full-fledged petroleum exporting country within the next two years. This optimistic projection comes in the wake of the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s (NMDPRA) announcement of a significant milestone—the licensing of 83 refineries nationwide, boasting […]Read More

Naira-for-crude Deal ‘Remains In Effect’ – FG

The Federal Government, through the Ministry of Finance, has confirmed that the Naira-for-crude arrangement with local refiners, including the Dangote Refinery, is still in place. The Technical Sub-Committee on the Crude and Refined Product Sales in Naira initiative convened an update meeting on Tuesday to review progress and address ongoing implementation matters. In a statement […]Read More

Tinubu Sacks Mele Kyari, Appoints Bayo Ojulari As NNPC Boss

President Bola Tinubu has sacked Mele Kyari as Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited and appointed Bashir Bayo Ojulari as his replacement in a sweeping overhaul of the state-owned oil company.  In a related move, Tinubu also dissolved the NNPC Limited Board, removing Chairman Pius Akinyelure and all board […]Read More

Crude Oil Prices Hit Three-Week High Amid Supply Tightness, Sanctions

Crude oil prices surged to a three-week high earlier today, driven by the latest U.S. oil inventory data from the American Petroleum Institute (API) and expectations of a tighter market due to Washington’s intensified sanctions on Iran and Venezuela. At the time of writing, Brent crude was trading at $73.13 per barrel, while West Texas […]Read More

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