32 h. ago Crude export earnings drop to N12.96trn in Q1 amid refining hurdles

Nigeria’s crude oil export earnings fell to N12.96 trillion in the first quarter (Q1) of 2025, as reports emerged that some local refineries were grappling with limited access to feedstock for their operations. The latest figures represent a decline of N2.53 trillion or 16.34 percent compared to the N15.49 trillion recorded in Q1 2024. When […] The post Crude export earnings drop to N12.96trn in Q1 amid refining hurdles appeared first on The Sun Nigeria.

Politics

53 h. ago Petrol Pump Prices May Not Rise In Nigeria Despite Hike Int’l Market Rate

There are reports indicating that pump price of petrol in Nigeria may not go up despite a sharp rise in the price of crude in the international market. Despite being an oil-producing nation, Nigeria relies heavily on imported petroleum products. This means that any rise in global oil prices is directly reflected in local fuel […]

Politics

3 d. ago Israel/Iran Conflict Boosts Nigeria’s Crude Grades To Nearly $80/b

Heightened geopolitical tensions stemming from the escalating conflict between Israel and Iran has pushed Nigeria’s flagship crude oil grades, including Bonny Light and Escravos Light, close to the crucial $80 per barrel mark, reports showed on Friday. Brent crude futures jumped nearly 8 per cent on Friday, reflecting growing worries about an escalation in conflict […]

Politics

5 d. ago Dangote’s expected disruption of downstream oil sets off alarm bells

The imminent announcement by Africa’s richest man of a likely disruption of the current structure of Nigeria’s downstream oil sector read more Dangote’s expected disruption of downstream oil sets off alarm bells

Politics

6 d. ago FG brokers landmark peace deal between Sterling Oil and PENGASSAN

By Damiete Braide In a significant turn of events for Nigeria’s oil and gas sector, the Federal Government has successfully brokered a peaceful resolution between Sterling Oil Exploration & Energy Production Company Limited (SEEPCO) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). This development brings an end to months of tension […] The post FG brokers landmark peace deal between Sterling Oil and PENGASSAN appeared first on The Sun Nigeria.

Politics

6 d. ago Nigeria’s naira strengthens as oil rises and trade worries ease

Nigeria’s naira rose for a seventh day to a two-month high against the dollar on Tuesday amid higher oil prices read more Nigeria’s naira strengthens as oil rises and trade worries ease

Politics

6 d. ago Divestment key to retaining value in Nigeria’s energy sector, says  Sen. Lokpobiri

The Honourable Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri, Ph.D, has reaffirmed that divestment is a vital component of the energy business. When strategically executed, he said, it delivers measurable benefits to Nigeria’s oil and gas sector. He emphasized that the successful conclusion of long-pending divestment transactions under the #RenewedHope administration has […] The post Divestment key to retaining value in Nigeria’s energy sector, says  Sen. Lokpobiri appeared first on The Sun Nigeria.

Politics

7 d. ago Nigeria exports first oil shipment from Otakikpo onshore terminal

Export of crude oil started from Nigeria’s Otakikpo onshore terminal, an expandable $1.3 billion facility that is projected to mark read more Nigeria exports first oil shipment from Otakikpo onshore terminal

Politics

7 d. ago Dangote plans major “shakeup” of Nigeria’s downstream oil sector

Aliko Dangote, President of Dangote Group and founder of the Dangote Petroleum Refinery, has hinted at an impending “shakeup” in read more Dangote plans major “shakeup” of Nigeria’s downstream oil sector

Politics

8 d. ago N/Delta: Troops arrest 43 oil thieves, uncover 27 bunkering sites 

From Tony John, Port Harcourt Troops of 6 Division, Nigerian Army (NA) have arrested 43 suspected oil thieves, uncovered 27 illegal bunkering sites and  recovered over 161,000 litres of stolen products across the Niger Delta Region (NDR), in the latest crackdown.  The General Officer Commanding (GOC), 6 Division, Nigerian Army, Major General Emmanuel Emekah has […] The post N/Delta: Troops arrest 43 oil thieves, uncover 27 bunkering sites  appeared first on The Sun Nigeria.

Politics

9 d. ago Senate committee hails Tinubu’s drive for local capacity development in oil and gas, applauds NCDMB’s progress

From Juliana Taiwo-Obalonye, Abuja The Senate Committee on Local Content has lauded the Nigerian Content Development and Monitoring Board (NCDMB) for its robust efforts to enhance local participation in Nigeria’s oil and gas sector, aligning with President Bola Tinubu’s Renewed Hope Agenda. This commendation was delivered by the Chairman of the committee, Senator Joel Thomas, […] The post Senate committee hails Tinubu’s drive for local capacity development in oil and gas, applauds NCDMB’s progress appeared first on The Sun Nigeria.

Politics

9 d. ago Defense ministry claims major security gains in Tinubu’s midterm report

The Ministry of Defence has reported what it described as significant progress in Nigeria’s battle against terrorism, insurgency, oil theft, read more Defense ministry claims major security gains in Tinubu’s midterm report

Politics

1 week ago Nigeria Strengthens Competitiveness In Oil & Gas – African Energy Chamber

The latest executive order by President Bola Tinubu to lower costs and enhance revenue from oil and gas projects is strengthening the competitiveness of doing business in Nigeria, says the African Energy Chamber (AEC). The Upstream Petroleum Operations Cost Efficiency Incentives Order (2025) introduces performance-based tax incentives for upstream operators and is expected to play […]

Politics

1 week ago Senate committee hails NCDMB over progress on local content, industrial park

Tribune Online Senate committee hails NCDMB over progress on local content, industrial park During the visit, members of the committee undertook a tour of the board’s flagship project of the nearly completed Nigerian Oil and Gas Park Scheme (NOGaPS) located at Emeyal 1 in Ogbia Local Government Area. Senate committee hails NCDMB over progress on local content, industrial park Tribune Online

Politics

1 week ago Nigeria’s Dangote refinery buying more and more US crude oil

Where does a giant refinery in Nigeria, Africa’s largest oil producer, go to source the raw materials it needs to read more Nigeria’s Dangote refinery buying more and more US crude oil

Politics

1 week ago 2024 Bid Rounds Violated No Oil Licencing Guidelines – Komolafe

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), restated that the 2024 oil block licensing round did not violate any oil licensing guidelines. The commission stated that the process was conducted in strict compliance with the Petroleum Industry Act (PIA) and its own licensing guidelines, ensuring a transparent, competitive and technology-driven bidding exercise. Chief executive of […]

Politics

1 week ago Nigeria’s First Indigenous Onshore Terminal, Otakikpo, Begins Export With Shell Cargo

Shell has successfully loaded the first crude oil cargo from Nigeria’s new $400 million Otakikpo onshore terminal, marking the commencement of exports from the facility developed by indigenous marginal field operator Green Energy International Limited (GEIL). Located in the OML 11 block southeast of Port Harcourt, Rivers State, the Otakikpo terminal is Nigeria’s first privately […]

Transport

1 week ago Niger courts Dangote Group’s partnership to unlock crude oil potential

From Emmanuel Adeyemi, Lokoja With its proven expertise in the energy sector, the Dangote Group is well-positioned to contribute significantly to the exploration and development of recently discovered oil blocks in Niger State’s Bida Basin. Addressing industry leaders at the Dangote Special Day event at the Niger National Trade Fair in Minna, Governor Umaru Muhammed […] The post Niger courts Dangote Group’s partnership to unlock crude oil potential appeared first on The Sun Nigeria.

Politics

1 week ago PPDF calls on Sterling oil to clean up environment in Eastern Obolo

Tribune Online PPDF calls on Sterling oil to clean up environment in Eastern Obolo Peace Point Development Foundation, a civil society organization promoting ecological justice in Nigeria, has called on Sterling Oil Exploration & Energy Production Company Limited to stop the ongoing oil spill in Eastern Obolo Local Government Area of Akwa Ibom State. PPDF calls on Sterling oil to clean up environment in Eastern Obolo Tribune Online

Politics

2 w. ago PE Energy submits landmark engineering audit of oil & gas measurement systems to NUPRC

Tribune Online PE Energy submits landmark engineering audit of oil & gas measurement systems to NUPRC In what could best be described as a landmark milestone for Nigeria’s upstream oil and gas industry, PE Energy Limited,  has completed and officially submitted the Engineering Audit Report on Upstream Measurement Equipment and Facilities in the Nigerian Oil & Gas Sector to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).  The Engineering Audit Report was presented by the Chairman, PANA […] PE Energy submits landmark engineering audit of oil & gas measurement systems to NUPRC Tribune Online

Politics