FG Rakes in N50tn from Crude Oil in 2024 - Report Data from the Nigerian Upstream Petroleum Regulatory Commission reveled that Nigeria’s crude oil revenue rose to about N50.88tn in 2024. According to NUPRC, an agency of the Federal Government, confirmed that Nigeria produced a total...

Dangote Refinery Crude Import Resumes after Three Months  The Dangote Petroleum Refinery has recommenced the purchase of crude oil from the United States in its ongoing efforts to ramp up oil production and enhance its refining capacity. The new purchase comes after a three-month hiatus in...

IOCs Sell Crude at $4 Per Barrel Above Official Rate, Hike Petrol Price — Dangote The Dangote Industries Limited (DIL) said local petrol prices will continue to increase as trading arms offer cargoes at $2-$4 per barrel above the Nigeria Upstream Petroleum Regulatory Commission (NUPRC)...

IOC, NNPCL Discover Oil in OML 102 Nigeria’s oil and gas output may get a boost as the TotalEnergies EP Nigeria and the Nigerian National Petroleum Company Limited Joint Venture have reported oil discovery in offshore Oil Mining License 102. In a statement on Tuesday, the...

Nigerian Crudes Struggle For Buyers As India Cuts Purchases – Report       Nigerian crude variants are now seeking other buyers in Asia and Europe as India’s COVID-19 situation remains shrouded in uncertainty amid stringent regional lockdowns and weak domestic consumption. S&P Global Platts reported that most Nigerian...

OML 118 Dispute Resolution: Kyari’s Legendary Leadership & Nigeria’s Next Billion Barrel, by Momodu Abutur       Mother Nature has a way of depositing its vast treasures wherever it pleases. In the wonderful world of hydrocarbons, these resources are either placed onshore (on land) or offshore (in...