U.S. President Donald Trump has warned that India will continue to face “massive” tariffs if it does not halt imports of Russian oil, reigniting trade tensions between Washington and New Delhi. Speaking to reporters aboard Air Force One on Sunday, Trump claimed that Indian Prime Minister Narendra Modi had assured him that India would stop …
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has taken a final investment decision (FID) on a new $2 billion gas project in offshore HI Field, in OML 144. The investment was done in partnership with Sunlink Energies and Resources Limited. The HI project is part of a joint venture …
As part of efforts to ensure energy self-sufficiency in Nigeria, the House of Representatives has proposed a new law to ensure that local oil refineries are protected and operate in a conducive environment. The proposed legislation equally seeks to prioritise access to crude supply by the local refineries. Chairman of the House Committee on Petroleum …
Nigeria's crude oil and condensate production dropped to an average of 1.581 million barrels per day in September 2025. This was revealed in the oil production data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Saturday, October 11. According to a statement signed by Eniola Akinkuotu, head of Media and Strategic Communication, NUPRC, …
Dangote Refinery has debunked reports claiming that it imported substandard Premium Motor Spirit (PMS), also known as petrol, into Nigeria. Some reports had claimed that the refinery imported petrol which contains a high level of sulphur. However, in a statement released Friday, October 10, 2025, the refinery management described the reports as “false, malicious, and …
In its quest to strengthen investor confidence in Nigeria's oil and gas sector and boost production, the federal government has slashed the signature bonus by 90 per cent from about $100 million to $10 million. This is as it targets 2.5 million barrels per day by 2027. Chief Executive of the Nigeria Upstream Petroleum Regulatory …
The Dangote Refinery, a 650,000 barrels per day facility considered the largest single-train refinery in the world, has been embroiled in battles with different stakeholders in Nigeria’s oil and gas sector since it commenced operations in 2024, sparking concerns about challenges faced by investors in the country. Going by its nameplate capacity, the refinery was …
Senior Advocate of Nigeria (SAN), Dr. Monday Onyekachi Ubani, has called on labour unions not to undertake actions that undermine the Dangote Petroleum Refinery, noting that it is a strategic investment in the oil and gas sector that the country can’t afford to watch being sabotaged by those seeking to advance selfish interests. Ubani, who …
Long queues have continued to form at fuel stations across Mali’s capital, Bamako, as residents struggle to access petrol amid an ongoing blockade by militants affiliated with al-Qaida. The crisis began in early September when members of Jama’at Nusrat al-Islam wal-Muslimin (JNIM) declared a blockade on fuel imports from neighbouring Senegal and Ivory Coast, targeting …
As the people groan over the unprecedented hike in the price of Liquefied Petroleum Gas (LPG), also known as cooking gas, the Dangote Petroleum Refinery has cut its ex-depot price from ₦860 to ₦760 per kilogram. This reflects a ₦50 reduction or 6.17 per cent drop from the previous price. The price is considered the …
