NNPC’s Monthly Profit Plunges 80% Despite Higher Oil Production
State-owned Nigerian National Petroleum Company (NNPC) reported a 79.6 percent drop in its profit after tax last month despite an
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Energy
US Firm Vaalco Energy Keen to Re-enter Nigeria’s Oil Sector
Vaalco Energy, an American independent oil and gas exploration and development company, has expressed its intention to re-enter Nigeria’s oil
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Otedola: My Decision to Pull Out of Buying Ikeja DisCo Worried Jonathan
Femi Otedola, chairman of Geregu Power Plc, said his decision to pull out of buying Ikeja DisCo (now Ikeja Electric)
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Tinubu Inaugurates LPG Vessel Named After His Mother in South Korea, Lauds NNPC and Sahara
President Bola Ahmed Tinubu says Nigeria is poised to deliver clean and sustainable energy solutions not just in-country but also
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How Mauritius-Based Startup Chappal Energies Took Nigerian Oil Sector By Storm
Chappal Energies Mauritius Limited, which was registered in May 2022, snapped up stakes in key Nigerian oil and gas assets
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Nigeria’s Oil Minister Urges Operators to Farm Out Idle Assets
Heineken Lokpobiri, minister of petroleum resources (oil), has urged operators in the Nigerian oil and gas sector to farm out
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Chevron Nigeria Discovers New Oil Fields
Chevron Nigeria Limited (CNL) says it has discovered new oil fields such as Meji NW-1. CNL, the operator of the
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Dangote Refinery Cuts Petrol Price Ahead of Fuel Delivery Kick-Off
Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of petrol from N850 to N820 per litre,
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IFC Backs Aradel’s Refinery Expansion with $50m Funding
Aradel Refineries Limited, a subsidiary of Aradel Holdings PLC, has successfully closed a $50 million financing deal with the IFC
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Oando Gets Shareholders’ Nod to Raise N500bn, Restructure $300m Debt
Oando, a Nigerian energy group listed in Lagos and Johannesburg, has received the green light from its shareholders to raise
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