PENGASSAN Halts Crude, Gas Supply to Dangote Refinery Amid Industrial Dispute The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has ordered the suspension of crude oil and gas supplies to the $20 billion Dangote Petroleum Refinery following an escalating labour dispute with...

Price Drop Threatens Nigeria's Capital Projects Despite OPEC Quota Compliance   The Federal Government’s ability to meet up with its targeted revenue of N41trn to foot the 2025 budget is becoming a tall order with the instability in the global price of oil. This is even as...

FG Targets Additional 810,000bpd Crude from Deepwater Fields   The Federal Government has unveiled plans to unlock an additional 810,000 barrels of crude oil per day from Nigeria’s deepwater oil fields through a new cluster and nodal development initiative. The initiative, championed by the Nigerian Upstream Petroleum...

NNPC Refineries Could Be Permanently Shut Down - Dangote   The President of the Dangote Group, Alhaji Aliko Dangote, has doubted the possibility of the state-owned Port Harcourt, Warri, and Kaduna refineries functioning again. Dangote also stated that the refineries, which are under the management of the...

How States Obtained N26.31bn Excess Crude Account Loans   State governments have acquired about N26.31bn loans from the Excess Crude Account facility, which is meant for implementing development and infrastructural projects. Findings showed that a total of about N183.1bn excess crude account facility deposit sits in the...

FG Says 23 Oil Blocks Failed to Produce Crude   No fewer than 23 oil blocks managed by both international and local oil companies, which are under crude oil Production Sharing Contracts with the Nigerian National Petroleum Company Limited (NNPCL) failed to produce crude or were...