Industry News

NOSDRA Relaunches Environmental Sensitivity Index (ESI) Map
The National Oil Spill Detection and Response Agency (NOSDRA) has relaunched an updated Environmental Sensitivity Index (ESI) Map. Read more… Read more…

Dangote Reveals Plans to More Than Double 650,000 bpd Oil Refinery to 1.4 Million bpd
The 650,000 barrels per day Dangote Refinery is set to more than double its current refining capacity to about 1.4 million bpd, becoming the world’s largest refining facility and surpassing the 1.36 million bpd refinery in Jamnagar, India. Read more…

Lokpobiri: With Increasing Oil Output, Nigeria to Make Case for 2 Million Bpd Quota from OPEC
The Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri, has stated that Nigeria will request the Organisation of Petroleum Exporting Countries (OPEC) to approve a 2 million barrels per day oil quota for the country. Nigeria currently has a quota of 1.5 million bpd. Read more…

Adelabu: FG Will Provide Conducive Environment for Private Energy Investors
The federal government has promised to provide the enabling environment for private sector participation in the power sector, to ensure that the current reforms being undertaken in the sector yields maximum results. Read more…

Nigeria Recommits to Climate Action, Just Energy Transition at Landmark Regional Conference
Nigeria has reaffirmed its leadership in tackling climate change, pledging bold action on climate resilience and a just energy transition. Read more…

Dangote to sell 10 per cent stake in refinery on NGX next year
Founder, Dangote Group, Aliko Dangote, has hinted of plans to sell a minority stake in his multi-billion-dollar refinery as part of a plan to double its capacity, transforming it into the world’s largest refining complex. Read more…

FEDA leads $100m investment to expand regional electric mobility
Spiro, a two-wheel electric mobility company, has raised $100 million in a record-breaking investment round to expand electric mobility in Africa. Read more… Read more…

Kaduna, REA partner to expand renewable energy access
Irked by epileptic power situation, the Kaduna Government has entered into a strategic partnership with the Rural Electrification Agency (REA) to accelerate energy access, deepen investment opportunities, Read more…

Petrol tanker explosion: FG condoles with Bago, people of Niger
The Federal Government has condoled with the Government and people of Niger over the petrol tanker explosion that occurred in Essa, Katcha Local Government Area of the state. Read more…

Regulator Advances Net Billing System For Renewable Energy Investment, Grid Supply
The Nigerian Electricity Regulatory Commission (NERC) has underscored the significance of its Draft Net Billing Regulation as a transformative step toward enabling electricity consumers who generate excess power Read more…

Minister Lauds Upstream Regulator’s Progress In 4 Years
The Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, has spotlighted significant advancements by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) as the Commission marks four years of operations. Read more…

Saudi Arabia Reports 413,000 Barrels A Day Crude Export In August
Saudi Arabia’s crude oil exports rose by 413,000 barrels per day (bpd) in August, to the highest level in six months, as the world’s top crude exporter and the OPEC+ group accelerated the reversal of the production cuts. Read more…

Nigeria Converting Flared Gas To Drive Industrial Growth, Clean Cooking Energy 
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has explained that the ongoing implementation of the petroleum industry Act has created strong governance structure, Read more…

PETROAN Says Rivers State Road Infrastructure To Enhance Petroleum Products Distribution 
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has acknowledged ongoing rehabilitation of the Eleme East West Road undertaken which was recently monitored by Engr. David Umahi, Read more…

OTL Africa Downstream To Convene Key Oil And Gas Experts In Lagos 
The downstream petroleum, gas, and energy value chain will converge in Lagos during the 19th edition of the OTL Africa Downstream Energy Week, Africa’s foremost business event for the downstream sector. Read more…

Dangote reduces stake in refinery business to 65%, plans listing on NGX
The President of Dangote Industries Limited, Aliko Dangote, has indicated the firm’s desire to reduce its stake in the refinery from 100 to 65-70 per cent. Read more…

Restoring idle pipeline at Lagos airport will keep over 100 JET AI trucks off the roads – MD CITA
Thomas Ogungbangbe, Group Managing Director of CITA Energies, has stressed that restoring the 98-kilometer idle pipeline at the Lagos airport would significantly reduce traffic congestion Read more…

Nigeria Energy 2025 to rally investors, policymakers for power sector reform
Local and international energy stakeholders are set to converge on Lagos for the 12th edition of the Nigeria Energy Exhibition and Conference, taking place from October 28 to 30, 2025, at the Landmark Centre, Lagos. Read more…

FG task PTI to boost indigenous employment in petroleum industry 
The federal government, through the ministry of petroleum has issued a clear mandate to the Petroleum Training Institute (PTI) and its partners, urging a strategic collaboration aimed at enhancing the capacity of Nigerians, Read more…

India Faces Energy Shock as Trump Targets Russian Oil Giants
The flow of Russian crude oil to Indian refiners could drop precipitously after the Trump administration targeted Rosneft and Lukoil with fresh sanctions on Wednesday. Read more…

EU Members Remain Deeply Divided Over 2040 Climate Targets
The EU summit this week is debating how to bridge the divide within the bloc regarding interim 2040 emission-reduction targets as the European Union insists on becoming a net-zero area by 2050. Read more…

Oil Majors Drop Deals with Chinese Refiner Sanctioned by the UK
International oil majors have cancelled spot cargo sales of Middle Eastern and Canadian crude to Shandong Yulong Petrochemical after the Chinese refiner was sanctioned by the UK last week, Read more…

EU Includes Russian LNG Import Ban in 19th Sanctions Package
The EU on Thursday adopted the 19th sanctions package against Russia, which includes a ban on imports of Russian LNG from 2027, sanctions on additional shadow fleet vessels and on entities in China and Hong Kong supporting Russia’s energy trade and revenues. Read more…

French court rules TotalEnergies must remove misleading climate claims from website or face fines
Oil major TotalEnergies (TTEF.PA), opens new tab misled consumers when it launched a 2021 ad campaign depicting mostly wind and solar farms and claiming it could become carbon neutral by 2050, Read more…

Valero Energy beats third-quarter profit estimates on stronger margins
U.S. refiner Valero Energy (VLO.N), opens new tab surpassed Wall Street expectations for third-quarter profit on Thursday, helped by a rebound in refining margins. Read more…