Oil and Gas

Nigeria could be losing significant economic value and opportunities for industrial growth as gas flaring continues across oil-producing economies despite rising energy demand and expanding fiscal pressures, according to the latest World…

NNPCL has reduced its petrol pump price for the second time in four days, lowering costs at some Abuja retail outlets amid falling crude oil prices. The Nigerian National Petroleum Company Limited (NNPCL) has announced another reduction…

Nigeria’s economic future remains closely linked to global oil prices despite ongoing efforts to build a more diverse economy. For decades, Nigeria’s economy has depended heavily on the global oil market, with crude oil continuing to…

Emadeb Exploration and Production Limited, a subsidiary of Emadeb Energy Group, has reaffirmed its commitment to fulfilling all obligations to the Emadeb-Eastern Obolo-Ibeno Host Communities Development Trust in line with the Petroleum…

Nigerian households and businesses continued to face mounting energy costs in May 2026 as the prices of major petroleum products remained significantly above year-earlier levels, reinforcing concerns over inflation, transportation costs and…

The NCDMB has launched a certification initiative to improve training standards and strengthen local expertise in Nigeria’s oil and gas sector. The Nigerian Content Development and Monitoring Board (NCDMB) is preparing…

Minister of Innovation, Science and Technology, Kingsley Tochukwu Udeh said the legal and policy foundations for a hydrogen-driven future are ready, signaling a further move into low-carbon hydrogen economy. Represented by the Permanent…

Due to rising user complaints about the high cost of Liquefied Petroleum Gas (LPG), Minister Ekperikpo Ekpo has called for immediate stakeholder action to stabilise the market and provide relief to consumers.   At an emergency meeting…

The Nigerian Content Development and Monitoring Board (NCDMB) is finalising plans to install a 2.5-megawatt Compressed Natural Gas (CNG) power plant at the Nigerian Oil and Gas Park Scheme (NOGaPS) to be located in Emeyal-1, in Ogbia Local…

Concerns over crude oil theft in the Niger Delta have intensified after the traditional ruler of Upata Kingdom in Rivers State, His Royal Majesty Felix Otuwarikpo, alleged that members of Nigeria’s elite are deeply involved in the illegal…