Archives for Oil and Gas
NNPC set to list shares on New York, London exchanges
BY NGOZI ONYEAKUSI NNPC Ltd has revealed plans to list the national company on leading international stock exchanges, as ongoing reforms reshape the national oil firm to attract global investors.…
US cuts Nigerian crude imports by nearly 50%
The United States reduced its purchase of Nigerian crude oil sharply in January 2026, with imports dropping by about per cent month-on-month, according to the latest data from the Census…
Capital Goes Where Value is Clear, Nigeria Has That Value -NNPC GCEO Ojulari
The Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, today delivered a characteristically direct and pragmatic assessment of Nigeria and Africa’s energy future at CERAWeek 2026, declaring…
Middle East: Nigeria records highest fuel price hike globally—REPORT
Nigeria recorded the sharpest increase in the pump price of petrol worldwide at the backdrop of the war in the Middle East, an analysis of Global Petrol Prices has revealed.…
NUPRC moves against dormant oil licences
Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Oritsemeyiwa Eyesan, has declared that the era of oil companies holding on to prospecting licences without developing the assets is…
33 Young Engineers Begin Training in Pipeline Pigging, Corrosion Control
BY NGOZI ONYEAKUSI Thirty-three young graduates of engineering, geology and related disciplines on Friday in Port Harcourt, Rivers State, underwent opening formalities for a 12-month training programme in pipeline engineering,…
NLNG Empowers 40 Journalists Through Change Your Story Workshop
BY NGOZI ONYEAKUSI Dr. Sophia Horsfall, NLNG’s GM, External Relations & Sustainable Development (4th left), and Anne-Marie Palmer-Ikuku, Manager, Corporate Communication and Public Affairs (3rd left), with the NLNG team…
Need to Diversify Nigerian Economy: Paradigm Shift from Overdependence on Oil
Nigeria has long been an oil-dependent economy. For decades, crude oil has dominated the country’s export earnings, government revenues, and fiscal planning. Yet, this over reliance exposes the nation to…
OPEC+ raises oil quotas amid Middle East tension
Key members of the Organisation of Petroleum Exporting Countries and their allies, jointly known as OPEC+, on Sunday announced a higher-than-expected increase in production quotas following United States and Israeli…
Crude-backed loans gulped N8.36tn of 2025 revenue
About per cent of Nigeria’s crude oil production in 2025 was likely committed to servicing crude-backed loan facilities, based on estimates derived from disclosures in the Nigerian National Petroleum Company…
