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Nigeria Oil & Gas News Monitoring

  • Published on Jan 23, 2025

    Nigeria’s economy not hyperinflationary, says FRC

    The Financial Reporting Council (FRC) says Nigeria does not qualify as a hyperinflationary economy under existing standards. In a statement on Wednesday, Rabiu Olowo, the FRC’s chief executive officer (CEO), said local companies will not apply the …

    Source: The Cable - Neutral
  • Published on Jan 23, 2025

    Abia govt partners PETAN to boost oil production capacity

      …to flag off medical city project The Abia State Government has said that it is set to boost the State’s oil production capacity through partnership with Petroleum Technology Association of Nigeria (PETAN). Consequently, the State Government said it has …

    Source: Business Day - Neutral
  • Published on 03:35 GMT

    SUNRISE ON RENEWED HOPE

    JACK ETUK reckons that Zacch Adedeji, the boss at FIRS, has shown capacity, courage and competence The chief revenue officer of the Federation and Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has been trending since …

    Source: This Day - Pro-Government
  • Published on Jan 22, 2025

    Top 5 Stories Of The Day | Nigeria’s Public Debt Hits ₦142 Trillion

    Nigeria’s public debt hits ₦142 trillion NNPCL increases fuel price to ₦960 and ₦990 per litre Minister of Interior reveals that FG is set to digitalise passport applications from March 1 NLC requests the resignation of the Minister of Power over the …

    Source: Y Naija - Left-wing
  • Published on Jan 22, 2025

    Oil Prices Drop Below $80 Amid U.S. Trade Tariff Concerns

    Oil prices have fallen below $80 per barrel, a decline driven by recent trade and energy policies from U.S. President Donald Trump. Brent crude, the global oil benchmark, dipped 0.6%, while the U.S. benchmark, West Texas Intermediate (WTI), dropped 0.8% to …

    Source: Biz Watch Nigeria - Uncategorized
  • Published on Jan 22, 2025

    Oando wins bid to operate Angolan oil block

    Oando Plc says its upstream subsidiary, Oando Energy Resources (OER), has won a bid to operate an oil block in Angola. In a statement on Wednesday, Ayotola Jagun, the company’s secretary, said OER was awarded operatorship of ‘Block KON 13’ in Angola’s …

    Source: The Cable - Neutral
  • Published on Jan 22, 2025

    FG approves licence for new 10,000bpd refinery in Delta

    The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has approved the construction of a new 10,000 barrels per day refinery in Delta State. NMDPRA stated that the approval was given to MRO Energy …

    Source: Business Day - Neutral
  • Published on Jan 22, 2025

    Court fixes Feb. 19 to hear suit filed by Global Gas against SPDC

    A Federal High Court in Abuja on Wednesday, fixed Feb. 19 for hearing in a suit filed by Global Gas and Refining Limited against Shell Petroleum Development Company of Nigeria Limited (SPDC) after an attempt to settle amicably failed. Justice Inyang Ekwo …

    Source: National Accord Newspaper - Neutral
  • Published on Jan 22, 2025

    Oando expands into Angola, wins operatorship of onshore oil block

    Oil driller Oando won the bid to operate an oil block in Angola, according to statement by the company on Wednesday, marking its entry into Africa’s second biggest oil producing nation. Its upstream arm Oando Energy Resources was awarded the operatorship …

    Source: Premium Times - Neutral
  • Published on Jan 22, 2025

    Portugal plans Nigeria, US gas imports to end Russian supply

    Portugal has indicated plans to increase the purchases of Liquefied Natural Gas from Nigeria and the United States as part of efforts to reduce dependence on the already dwindling supplies from Russia. A report by Reuters quoting the Portuguese Environment …

    Source: Punch - Uncategorized
  • Published on Jan 22, 2025

    CNOOC earmarks up to $19 billion for oil & gas, offshore wind, solar, and AI-integrated plays

    Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC) has set out its multibillion-dollar business strategy and development plan for 2025, which aims to up the hydrocarbon production ante by finding large and medium-sized …

    Source: Offshore Energy - Neutral
  • Published on Jan 22, 2025

    Nigeria’s Public Debt Hits Record N142 Trillion Amid Rising Borrowing

    Nigeria’s total public debt has climbed to an unprecedented N142.3 trillion as of September 30, 2024, marking an increase of N8 trillion (5.97%) from the N134.3 trillion recorded in June. This increase, driven largely by the depreciation of the naira, …

    Source: Biz Watch Nigeria - Uncategorized
  • Published on Jan 22, 2025

    Tinubu Eyes Oil Production in Ogoniland, Tasks NSA, NNPCL on Discussions

    On Tuesday, President Bola Tinubu gave National Security Adviser (NSA) Nuhu Ribadu instructions to organise talks with different stakeholders in Ogoniland, which is located in the oil-rich Niger Delta region, to restart oil production in the region. The …

    Source: News Central TV - Uncategorized
  • Published on Jan 22, 2025

    Portugal to increase LNG purchases from US, Nigeria, reduce Russian imports

    Portugal is considering increasing its liquefied natural gas (LNG) imports from the US and Nigeria as part of a strategic move to phase out its reliance on Russian supplies, announced its Environment Minister Maria da Graca Carvalho. In 2024, Portugal’s …

    Source: Offshore Technology - Neutral
  • Published on Jan 22, 2025

    News24 Business | Oil spill unchecked in Nigeria's delta region, say activists

    An oil spill. (Aldo Pavan/ Getty Images). An oil spill in Nigeria's delta region has caused a fire that is yet to be contained. A subsidiary of the Nigerian National Petroleum Corporation Limited blames the spill on oil thieves. Accidents are …

    Source: News24 - Center-left
  • Published on Jan 22, 2025

    Global gas moves to stop Shell from selling onshore asset

    A Federal High Court, Abuja has commenced hearing of a suit filed by Global Gas and Refining Limited seeking an order restraining Shell Petroleum Development Company of Nigeria Limited (SPDC) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC …

    Source: Tribune Online - Center-right
  • Published on Jan 22, 2025

    GDP rebasing should not be used to “water down” Nigeria’s challenges – MAN DG advises 

    The Director-General of the Manufacturers Association of Nigeria, Mr. Segun Ajayi-Kadir, has advised the Nigerian government against using the rebasing of the Gross Domestic Product calculation and other economic reforms to downplay the country’s economic …

    Source: Nairametrics - Neutral
  • Published on Jan 22, 2025

    Portugal Turns To Nigeria To Meet Growing LNG Need

      Yemisi Izuora Given sharp drop on Liquified Natural Gas (LNG) supplies from Russia, Portugal has indicated plans to increase purchases from Nigeria and United States. This will satisfy its need and end already dwindling supplies from Russia, Environment …

    Source: Oriental News Nigeria - Neutral
  • Published on Jan 22, 2025

    Navigating Africa’s Oil & Gas Industry

    A comprehensive analysis of security strategies in Africa’s oil and gas industry, covering physical, cyber, and remote surveillance measures for resilience. By Hannah Larvin, Features Editor of Security Buyer  Africa’s oil and gas industry plays a crucial …

    Source: Security Buyer - Label Pending

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