The Lagos State Government has unveiled plans to begin commercial production of biogas and bio-methane as part of efforts to reduce […]
Category: Energy/Oil and Gas
UAE exit from OPEC adds to volatility as oil prices rise
Crude oil prices climbed above $111 per barrel on Tuesday amid supply concerns, with the United Arab Emirates (UAE) announcing its […]
PINL Says $226.7bn Lost to Ogoni Oil Shutdown Since 1993
Pipeline Infrastructure Nigeria Limited (PINL) has disclosed that Nigeria has lost an estimated $226.7 billion following the suspension of crude […]
Nigeria’s crude output falls short of OPEC quota for eighth consecutive month
Nigeria’s average daily crude production remains below the 1.5 million barrels per day quota set by the Organisation […]
NERC Announces New Mini-Grid Regulation
The Nigerian Electricity Regulatory Commission (NERC) has issued the Mini-Grid Regulations 2026 under the Electricity Act to guide the […]
NNPC Records ₦2.68tn Revenue Despite February Oil Output Decline
The Nigerian National Petroleum Company Limited disclosed that it generated ₦2.68 trillion in revenue from its economic activities […]
Energy Shortfall: GenCos Oppose Plan as Bola Ahmed Tinubu Approves N3.3tn to Clear Legacy Debt
Following criticism from the Labour Party’s 2023 presidential candidate, Peter Obi, President Bola Tinubu unveiled a plan to clear N3.3 trillion in […]
Chevron Takes Final Investment Decision on Aseng Gas Project in Equatorial Guinea
Malabo, Equatorial Guinea, March 31, 2026 — Noble Energy EG Ltd. (a Chevron company) confirms that Chevron has taken Final Investment Decision […]
Afreximbank Commits $2.5bn to Dangote Refinery in $4bn Expansion-Linked Deal
The African Export-Import Bank (Afreximbank) has financed $2.5 billion of a $4 billion senior syndicated term loan for the Dangote Petroleum Refinery […]
FG, GenCos disagree as power sector debt crisis deepens
A disagreement has emerged between the Federal Government and power generation companies (GenCos) over the actual debt owed in Nigeria’s electricity market, […]
