Dangote Petroleum Refinery has expanded its free petrol delivery scheme to four additional states as of August 2026, bringing the total to 10 locations nationwide. States now Covered The scheme now includes the original six locations—Lagos, Ogun, Rivers, Kaduna, Delta, and the FCT (Abuja)—and has added Kano, Imo, Anambra, and Nasarawa. The company stated that …
Aradel Holdings Plc has announced plans to commence production of Premium Motor Spirit (PMS), also known as petrol at its modular refinery located in Rivers State in 2027. The move is driven by the deregulation of Nigeria's downstream petroleum market in recent years under the current administration. According to an interview published by Bloomberg on …
Nigeria has maintained its oil production momentum for the third consecutive month, surpassing its Organization of Petroleum Exporting Countries, OPEC, quota despite a 4 per cent month-on-month decline in July 2026. Latest data released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) shows that the country produced an average of 1.505 million barrels per day …
Dangote Refinery Absorbs 52.6 Million Barrels representing 78% of what was offered by crude producers. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has released its second-quarter (Q2) 2026 report on the enforcement of the Domestic Crude Supply Obligation (DCSO), revealing an impressive 97.4% overall compliance rate as local refineries received 53.7 million barrels of …
Global crude oil prices have risen again as energy markets react to renewed uncertainty surrounding negotiations between the United States and Iran, putting hopes of reopening the Strait of Hormuz in limbo. Brent Crude, the international benchmark, rose to $85.02 per barrel, while West Texas Intermediate (WTI) hit $79.58 per barrel on Monday, August 10, …
President Bola Ahmed Tinubu has continually hammered on his administration ambition to achieve a benchmark of a trillion-dollar economy by the end of the decade. This lofty desire has prepped every agency of government to contribute its own quota to make this ambition a reality. Inside the Council Chamber of the newly renamed General Shehu …
Nigeria is set to attract between $30 billion and $50 billion in investment from 22 major offshore oil and gas projects scheduled to launch between 2026 and 2030. The Commission Chief Executive, NUPRC, Mrs. Oritsemeyiwa Eyesan, stated this in Lagos on Wednesday, August 5, 2026, at the Society of Petroleum Engineers’ Nigeria Annual International Conference …
Dangote Refinery has announced further cut in the ex-depot price of its Premium Motor Spirit (PMS), also known as petrol, and Automotive Gas Oil (diesel), signalling relief to consumers as competition intensifies in the domestic downstream petroleum market. According to a post on the company’s social media handle on Wednesday, August 5, the refinery’s ex- …
Sahara Upstream honors late executive with deployment of new vessel, cutting turnaround times and supporting production growth. In a major move to expand its marine logistics capacity, Sahara Upstream has deployed a new 380,000-barrel Medium Range (MR) crude oil tanker, the MT D Adesanya, to boost crude evacuation operations at Oil Mining Lease …
The Nigerian National Petroleum Company Limited (NNPC) sold a total of 136.93 million barrels of crude oil and condensates and generated ₦21.72 trillion in revenue in the first six months (H1) of 2026. These figures are based on analysis of the monthly crude oil and condensate sales and revenues recorded in NNPC’s monthly reports from …
