Archives for Oil and Gas
Seven OPEC countries increase production by 188,000b/dÂ
The seven Organization of Petroleum Exporting Countries (OPEC)+ countries, have voluntarily  increased their production by 188,000 in June 2026. It was previously announced additional voluntary adjustments in April and November…
Seplat Energy Grows 2026 Q1 Revenue to $840.7m, Gross Profit Hits $370.5m
BY NGOZI ONYEAKUSI            … Achieves over million hours without Lost Time Injury     Seplat Energy PLC, foremost Nigerian independent energy company listed on both the Nigerian Exchange and the London Stock Exchange, has…
Brent oil rises 7% on report US considering military options to break Iran deadlockÂ
Brent oil prices rose as much as 7% on Thursday on a report the is considering potential military action against Iran to break the deadlock ‌in negotiations to end the…
Nigeria Recovers 85% Of Lost Oil Production on Improved SecurityÂ
 The improvement in crude oil production output from 960,000 barrels per day (bpd ) to million bpd in Nigeria represents a restoration of approximately 78 to 85 per cent of…
Petrol nears N1,400/litre as Dangote hikes priceÂ
The pump prices of Premium Motor Spirit (petrol) are nearing N1,400 per litre in many parts of the country as the United States and Iran fail to agree on a…
Waltersmith showcases expanded refinery to NCDMB, NMDPRA
…plans for condensate refinery, industrial park The Executive Secretary NCDMB, Engr. Felix Omatsola Ogbe on Thursday joined the Authority Chief Executive (ACE) of the Nigerian Midstream and Downstream Petroleum Regulatory…
Nigeria’s oil, gas sector secures $24bn capital inflow – OjulariÂ
Nigeria’s upstream oil and gas sector has attracted over $24 billion in capital investment following targeted interventions by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Group Chief Executive Officer…
Sanwo-Olu charges Nigerians on homegrown solutions, As SNEPCo, JV, NCDMB Donate Geosciences Centre to UNILAG
BY NGOZI ONYEAKUSI Shell Nigeria Exploration and Production Company Limited (SNEPCo), with its joint venture (JV) partners and the Nigerian Content Development and Monitoring Board (NCDMB) on Friday commissioned a…
NLNG Concludes 2026 VIBES Pitch-a-Thon, Disburses ₦250m in Business Grants Â
 NLNG has disbursed a total of ₦250 million in grants to 51 entrepreneurs following the conclusion of its 2026 Vocational Innovation and Business Empowerment Scheme (VIBES), which commenced with…
Improved pipeline security drove oil output to 1.84mbpd – NNPCLÂ
The Nigerian National Petroleum Company Limited has said Nigeria’s crude oil production rose from a historic low of 960,000 barrels per day in 2022 to an average of million barrels…
