Dangote Refinery Cuts Petrol Prices Below Imported Fuel Costs
Petrol from the Dangote Refinery is now selling below the cost of imported supplies, according to the latest gantry and ex-depot price schedules issued by the refinery and the Major Energies Marketers Association of Nigeria (MEMAN). The pricing template…
Trump Floats Idea Of Declaring Strait Of Hormuz U.S. Territory – Is It Possible?
US President Donald Trump said recently that after the United States finished “defeating Iran,” he would “pretty soon” declare the Strait of Hormuz to be U.S. territory. The threat came days before the 60-day window for talks…
Nigeria’s Crude Supply To Local Refiners Hit 53.7mb In Q2, Representing 97.4% — NUPRC
A total of 53.7 million barrels of crude oil were supplied to local refiners between April and June, Chief Executive, Nigerian Upstream Petroleum Regulatory Commission, (NUPRC) , Mrs. Oritsemeyiwa Eyesan, has said The figure, she said represented an…
Oil Majors Reap $93 Billion Windfall From The Iran War
Oil prices have soared in recent months as a result of the almost complete closure of the Strait of Hormuz, a key trade corridor connecting Asia and Europe. High fossil fuel prices have helped to drive up the profits of oil and gas companies around the…
Gas tycoon Julius Rone breaks fresh ground
Dr. Julius Dediare Rone has once again cemented his reputation as Nigeria’s ‘King of Gas.’ The founder of UTM Offshore Limited, a company behind Nigeria’s first indigenous Floating Liquefied Natural Gas facility, has carved a niche for himself as a…
Refineries’ll Work Again, Tinubu Assures Petroleum Workers
President Bola Tinubu on Thursday said his administration would revive moribund refineries. He, however, warned that their success would be based on productivity and not mere activities, as obtainable in the past. Tinubu stated this when he received the…
Nigerian Govt still paying subsidies — Sowore
The presidential candidate of the African Action Congress, AAC, Omoyele Sowore, has said that the Federal Government of Nigeria is still paying fuel subsidies in secret without the knowledge of the Nigerian people. Sowore made this claim on Tuesday when…
Nigeria revives decade-old plan to sell stake in state-oil company
Nigeria’s plan to turn its state oil company, Nigerian National Petroleum Company Limited (NNPC), into a publicly traded firm is back on the table, ten years after officials first floated the idea in November 2016 and then let it stall. The question…
All On Expands 10-year Investment Access To Clean Energy – CEO
By Patrick Titus, Uyo Caroline Eboumbou, the Chief Executive Officer of All On, a renewal energy firm, said that the company has in the last 10 years invested in people, businesses and partnerships that have been expanding access to clean energy across…
Renaissance signs 16-year gas deal with Indorama to fuel fertiliser output
Renaissance Africa Energy Company Limited agreed to supply natural gas to Indorama Fertiliser FZE for 16 years, locking in feedstock for one of Nigeria’s largest fertiliser producers as the country pushes to expand domestic gas use. The Gas Sale…