Industry News

Oil marketing firm receives truckloads of petroleum products directly from Dangote Refinery
Sixxco Oil Ltd has announced the commencement of direct delivery of petroleum products from the Dangote Refinery and Petrochemical Company Ltd through the direct delivery scheme. Read more…

Oil block divestments pumped $5.5bn into economy –Tinubu
Nigeria’s oil sector has received a boost as recent divestments by International Oil Companies (IOCs) unlocked over $5.5 billion in new investments and added 200,000 barrels per day to national output. Read more… Read more…

PENGASSAN strike cut 16% of Nigeria’s oil, 30% of gas output –NNPC
The Nigerian National Petroleum Company Limited (NNPC Ltd) has said that the country’s oil and gas production slumped during the brief nationwide strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Read more… Read more…

Explosion rocks Chevron oil refinery in US
Plumes of smoke towered above a Chevron oil refinery in southern California on Thursday following reports of an explosion, according to US media and footage circulating on social media. Read more…

Delta Community Gives Oil Firms Ultimatum Over Alleged Marginalisation
Ugborodo Community in Warri South-West LGA of Delta State has issued a seven-day ultimatum to Chevron Nigeria Limited (CNL) and other International Oil Companies ( IOCs) operating in the area. Read more…

Board Identifies Key Skill Areas To Improve Oil & Gas Industry
The Nigerian Content Development and Monitoring Board (NCDMB), on Wednesday in Cape Town, South Africa, identified key skill areas on which it would focus capacity-building efforts to create optimal job opportunities in the Nigerian oil and gas industry. Read more…

Seplat Energy Reviving Stranded Gas Assets To Accelerate LNG Production
Seplat Energy has confirmed that it is moving closer to reaching commercial terms on a new gas development, signaling fresh progress in Nigeria’s efforts to expand domestic supply and unlock its LNG potential. Read more…

ExxonMobil Firing 2,000 Employees Amid Major Restructuring
Oil major ExxonMobil is about to cut 2,000 jobs globally as the Texas oil company consolidates smaller offices into regional hubs as part of its long-term. Read more…

DisCos Collect N194bn In July As Recovery Efficiency Lags
Electricity Distribution Companies (DisCos) collected N193.96 billion in consumer bill payments in July 2025, the latest Nigerian Electricity Regulatory Commission (NERC) Factsheet has shown. Read more…

Oil Drops To 16-week Low On U.S. Shutdown, OPEC+ Plans
Oil prices slid for a third day in a row to a 16-week low on Wednesday as a U.S. government shutdown fed worries about the global economy. Traders expected more oil supply to come on the market with a planned output boost by OPEC+ next month. Read more…

Lower Crude Transport Cost Likely As Tinubu Unveils Otakikpo Export Terminal October 8
The Otakikpo Onshore Crude Oil Export Terminal, set to be officially commissioned by President Bola p Tinubu on October 8, 2025, is expected to lower crude oil evacuation costs in Nigeria, Read more…

The Opportunity for Grid Connectivity, Intelligence, and Flexibility in Africa
Expanding electricity access and reliability is a top priority for Africa. Roughly one in two people still live without electricity, and growing economies are increasingly in need of electrons. Read more…

Our Acquisition Strategy Underpinned By Safety, Operational Excellence, People – Seplat 
Seplat Energy Plc, leading Nigerian independent energy company, has recorded unprecedented growth since it was founded by acquiring divested assets, unlocking value from them, Read more…

Nigeria’s Oil Boom Meets Its Refining Headache
Nigeria’s Petroleum Minister: Daily output has climbed to between 1.7 and 1.83 million barrels, while active rigs surged from 31 in January to 50 by mid-year. Read more..

JMG Limited Reiterates Investment In Nigeria’s Clean Energy Sector 
As Nigeria marks its 65th Independence Anniversary, a leading provider of integrated electro-mechanical and clean energy solutions, JMG Limited has reiterated its commitment towards enhancing energy sector investment to support Governments initiatives in powering hopes in Nigeria. Read more…

Nigeria Achieves 9,600 Barrels A Day Crude Theft Cut Since 2009
The Federal Government is unaware that community engagement in crude oil stealing but says current efforts has cut crude theft losses to 9,600 barrels a day lowest since 2009 Read more…

United Arabia Emirates Signals Funding Support For $25Bn Nigeria-Morocco Gas Pipeline 
The Nigeria-Morocco Gas Pipeline project, estimated to cost $25bn, would have funding backing from the United Arab Emirates which will join a pool of existing major institutions, Read more,…

Nigeria Sustains LNG Infrastructure Projects To Broaden Export Capacity 
Nigeria is accelerating development of critical gas infrastructure that targets export of Liquified Natural Gas (LNG) to Europe. Read more…

Oversupply Concerns Send Oil Prices Crashing Hitting Lowest Since July
The global oil market is experiencing mixed signals from anticipated supply hike by the Organization of Petroleum Exporting Countries (OPEC), as oil prices edged lower on Thursday, Read more…

Renaissance to push Nigeria’s oil output above two million bpd
Nigeria’s crude oil production outlook received a boost this week as Renaissance, the new owner of Shell’s onshore assets, pledged to ramp up output to 500,000 barrels per day (bpd) in the medium term while securing fresh financing to fund its expansion strategy. Read more…

Trump administration cuts energy projects, freezes New York funding
The Trump administration has announced plans to terminate dozens of clean energy projects and freeze billions of dollars for major projects in New York, intensifying a stand-off with Democrats over a US government shutdown. Read more…

67 years after it arrived in Nigeria, Gold Star Line berths first gas-powered ship
The latest in the line of foreign shipping companies to sail vessels powered by alternative energy into Nigeria’s seaports is Gold Star Line, Read more…

Africa must refine more at home to secure energy future — CORAN Boss
Momoh Jimah Oyarekhua is the President of Crude Oil Refinery-Owners Association of Nigeria (CORAN) and the Chairman of OPAC Refineries. In this interview with Dipo Oladehinde, Oyarekhua discusses the upcoming CORAN 2025 Summit, opportunities for integrating petrochemicals and refining to maximize value, and other key issues. Excerpts; Read more…

India tells renewable energy agencies to cancel rushed solar tenders
India’s renewable energy ministry has asked clean energy agencies to cancel and reissue tenders for government projects that were rushed through in an attempt to circumvent certain rules, Read more…

US refinery fire incidents so far in 2025
A fire broke out in a jet fuel unit at Chevron’s (CVX.N), opens new tab 285,000 barrel-per-day El Segundo refinery near Los Angeles on Thursday, sending flames and smoke into the air. Read more…