8 articles tagged
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has partnered with SeaSeis and TGS to acquire seismic data through a newly signed Petroleum Exploration Licence. The agreement aims to facilitate host community development initiatives in Nigeria.
Authorities have launched an inquiry into reports of gas bubbling in waterways within the Bille community of Rivers State. Preliminary investigations reveal no links to existing oil infrastructure.
Kelvin Emmanuel highlights Nigeria's deficiency in strategic petroleum reserves essential for capitalizing on the global oil crisis. He emphasizes the need for a national tanker fleet to safeguard the economy from current energy volatility.
US Defence Secretary Pete Hegseth has dismissed allegations that the United States government underestimated the risks to the Strait of Hormuz amid its conflict with Iran, calling such claims ‘patently ridiculous.’
The Nigerian government has entered a Memorandum of Understanding with the International Energy Agency to enhance efforts aimed at reducing methane emissions, developing gas resources, and expanding access to clean cooking options.
Nigeria has incurred an estimated loss of N1.76 trillion in potential crude oil earnings for not meeting its OPEC production quota from January 2025 to January 2026. Despite favorable oil prices, the country consistently fell short of its targets.
Dangote Refinery marks a significant achievement by becoming the first refinery globally to operate at a full capacity of 650,000 barrels per day. This milestone positions the facility to produce up to 75 million liters of premium motor spirit daily.
Dangote Refinery refutes allegations that it imports finished petroleum products, asserting its function as a merchant refinery that processes intermediate feedstock. CEO David Bird emphasized the distinction between their operations and traditional state-owned refineries.
