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CSOs to monitor NNPCs compliance on crude sale as Dangote refinery gets 30% supply from U.S. Oil marketers call for probe of NNPC, DAPPMA over high ex-depot price A new report by SP Global has revealed that the United States is a major supplier of crude oil to Nigerias Dangote Refinery, accounting f

. Oil price crashes amid US, China spat . Nigeria launches new grade of crude, begins export to Spain Nigerias foreign exchange (FX) earnings and revenue from crude oil may decline as oil prices crashed yesterday to $76 per barrel. Nigerias grades of crude, especially Brass River and Qua Iboe, which

The Nigerian National Petroleum Corporation (NNPC) Ltd announced Monday the launch of a new grade of crude oil called Utapate crude oil blend. The grade, meant for the international market, originated from Oil Mining Lease (OML) 13, fully operated by NNPC's upstream subsidiary NEPL. NNPC, while noti

The House of Representatives has dissolved the joint ad-hoc Committee probing the importation of adulterated petroleum products into the country and other infractions in the nations oil and gas sector. House Spokesman and Chairman of the House Committee on Media and Public Affairs, Hon. Akintunde Ro

The Joint Task Force South-South, Operation Delta Safe (OPDS), has announced significant progress in combating illegal oil activities and boosting crude oil production in the Niger Delta region. According to the OPDS progress report, the terminal factors on all major pipelines have achieved 100 per

British energy group Shell on Thursday said net profit dropped eight percent in the first half as gas prices weakened and owing to write-offs. Profit after tax declined to $10.9 billion compared with the first six months of last year, Shell said in an earnings statement. The post Shells net profit d

Salahuddeen Tahir,is the Chairman, Society of Petroleum Engineers (SPE), Nigerian Council, and Head of Assets Investments Management at NNPC Gas Power Investment Services (NGPIS), where he oversees strategic investments in power, LNG, and gas-based industry initiatives. With dual degrees in Geology

Fuel marketers yesterday hailed the new directive by President Bola Tinubu to the Nigerian National Petroleum Company Limited (NNPCL) to sell crude oil to Dangote Refinery and other refineries in naira instead of dollars. The post Marketers, Senator laud Tinubu on order to supply local refineries cr

TotalEnergies has reported an upstream production of 2.44 million barrels of oil equivalent per day (Mboe/d), whileits exploration and production (EP) segment posted an adjusted income of $2.7 billion and a cash flow of $4.4 billion. The post TotalEnergies Q2 upstream production hits 2.44 Mboe/d