BREAKING: Dangote refinery slashes petrol price, removes 75 naira

The Dangote Petroleum Refinery has announced a fresh reduction in the ex-gantry price of Premium Motor Spirit (PMS), popularly known as petrol.

The refinery reduced its price by ?75, bringing the per-litre price of petrol to ?1,200.

It would be recalled that two days ago, the management of Dangote Refinery reversed the...

NNPC Takes To Expansion Of Warri, Port Harcourt Refineries

The NNPC Ltd has signed a Memorandum of Understanding (MoU) with two Chinese companies, Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd, for collaboration through a potential Technical Equity Partnership (TEP) in support of the completion and operation of the Port Harcourt and Warri...

Offshore Oil And Gas Predicted To Drop By 24% To $85 Billion This Year- Report

Offshore Oil And Gas Predicted To Drop By 24% To $85 Billion This Year- Report

There are growing concerns about the future of oil and gas offshore Capital Expenditure (CAPEX) as Clarkson Research projects expenditure to fall to $85 billion this year, the lowest since 2020.

Clarkson Research Services Ltd. Expects $85...

Nigeria Set To Accelerate Gas Production, Strengthen Supply Chain

Nigeria is pushing ahead with enthusiasm efforts to expand gas production and strengthen supply chains as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and Nigeria LNG Limited (NLNG) deepen collaboration in line with the country’s long-term energy strategy.

The Commission’s Chief Executive of NUPRC, Dr. Oritsemeyewa Eyesan, reaffirmed the regulator’s commitment...