Crude oil prices slid on Wednesday after U.S. President Donald Trump announced a two-week postponement of strikes on Iranian civilian infrastructure, framing it as a…
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Category: OIL & GAS
Türkiye Pushes for $5bn Trade Boost with Nigeria Amid Investment Opportunities
The Turkish Ambassador to Nigeria, Mehmet Poroy, has called for intensified efforts to elevate bilateral trade between Nigeria and Türkiye to $5 billion, describing current…
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OPEC+ Plans 206,000 bpd Output Raise for May Amid Chokes Supplies
OPEC+ plans to increase its oil production quota by 206,000 barrels per day (bpd) for May 2026, sources told Reuters ahead of the group’s meeting.…
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NMDPRA Approves F-500 Encapsulator for Fire Safety In Oil, Gas Facilities
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has greenlit the use of F-500 Encapsulator as a fire-suppression agent in petroleum handling facilities, marking…
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Nigeria’s Oil Output Reaches 1.84mbpd – Official
Nigeria’s crude oil output has climbed to 1.84 million barrels per day, marking a notable rebound in production, according to the Nigerian Upstream Petroleum Regulatory…
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NUPRC Declares 37.01bn Barrels, 215 TCF Oil, Gas Reserves As Of Jan 1
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially declared Nigeria’s total oil and condensate reserves at 37.01 billion barrels and gas reserves at 215.19…
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Shell Nigeria Gas MD, Oyo, NMDPRA Advance Gas Infrastructure Push
Shell Nigeria Gas (SNG) managing Director, Ralph Gbobo, alongside Oyo State officials and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), have held pivotal…
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NLNG Expands Vocational Innovation Business Empowerment Scheme
…Inducts 103 New Beneficiaries Nigeria LNG Limited (NLNG) has scaled up its Vocational Innovation Business Empowerment Scheme (VIBES), inducting 103 new trainees into its 2026…
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Rising Oil Prices, Power Outages Push Manufacturers To Brink
Nigerian manufacturers are facing renewed pressure from soaring energy costs and worsening electricity supply, further raising the cost of production and threatening industrial output due…
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NCDMB Reiterates Mandate As 33 Young Engineers Start Pipeline Pigging, Corrosion Training
Thirty-three young graduates of engineering, geology and related disciplines on Friday in Port Harcourt, Rivers State, underwent opening formalities for a 12-month training programme in…
View More NCDMB Reiterates Mandate As 33 Young Engineers Start Pipeline Pigging, Corrosion Training