A SEISMIC SHIFT: President Orders Direct Remittance of Oil, Gas Revenues to Federation Account
Nigeria's president has mandated direct remittance of oil and gas revenues to the Federation Account, addressing inefficient spending by the Nigerian National Petroleum Corporation Limited.
NNPC: Nigerian National Plundering Corporation
The article critiques the Nigerian National Petroleum Corporation (NNPC) by drawing an analogy with the dairy industry and highlighting issues of mismanagement and inefficiency.
ANP investigates possible oil find by farmer drilling for water
The National Agency of Petroleum (ANP) is opening an administrative process to investigate a potential oil discovery in Tabuleiro do Norte, Ceará, made by a farmer drilling for water.
Nigeria: Court Hears Recording of Diezani Alison-Madueke's Heated Exchanges With Oil Contractors Who Bribed Her
The UK Southwark Crown Court has heard audio recordings of former Nigerian petroleum minister Diezani Alison-Madueke allegedly confronting oil tycoons over bribery accusations during her trial.
Tinubu’s executive order blocks N2tn NNPC fees
President Bola Tinubu's executive order bans the deduction of management fees by the Nigerian National Petroleum Company Limited, affecting substantial revenue streams for the Nigerian federation.
PTDF reviews five research projects, targets patents, commercialisation
The Petroleum Technology Development Fund reviews five research projects aimed at advancing Nigeria's energy sector through commercialization and patenting.
Nigeria: When the President Makes the Law - Executive Order 9, the PIA, and the Question of Who Can Stop It
The article discusses President Bola Tinubu's Executive Order No. 9, which undermines the Petroleum Industry Act by allowing direct revenue remittance from the NNPCL to the Federation Account, raising constitutional crisis questions regarding executive power in Nigeria.
Nigerians should thank Dangote for inspiring refinery, says NNPC chief
The CEO of the Nigerian National Petroleum Company has praised Dangote's leadership in establishing the Dangote Petroleum Refinery, highlighting it as crucial for Nigeria's national pride and energy sector.
Customs hand over seized fuel to NMDPRA
Nigeria's Customs Service transferred 1,650 jerrycans of seized petrol worth N40.7m to the petroleum regulatory authority for investigation.
FG probes NNPC, targets blockage of revenue leakage
The Nigerian Federal Government is conducting an investigation into the Nigerian National Petroleum Company Limited's financial activities to address revenue leakage issues.
Forensic audit of NNPC ongoing – Edun
The Nigerian Minister of Finance announced that a forensic audit of the National Petroleum Company is currently being conducted to enhance transparency in oil revenue management.
Customs hand over seized N40.7m petrol to NMDPRA
The Nigerian Customs has transferred 1,650 jerrycans of seized petrol worth N40.7 million to the regulatory authority for investigation.
The probability of large discoveries is greatest in the Barents Sea
A recent report indicates that the probability of discovering significant oil and gas resources in the Barents Sea is the highest in Norwegian waters, where 54% of the resources remain underexplored.
NNPC boss Ojulari bags UK energy institute fellowship
Bayo Ojulari, CEO of Nigerian National Petroleum Company, has been awarded a Fellowship from the Energy Institute in the UK, marking a significant achievement in the global energy sector.
Namibia: Analysts Warn Nandi-Ndaitwah Power Expansion and Petroleum Bill Could Centralise Authority in Presidency
Political analysts in Namibia express concerns that proposed legislative changes may centralize power in the presidency, undermining democratic governance.
Oil and gas production in RN hits its lowest level in 40 years, says ANP
Oil and gas production in Rio Grande do Norte, Brazil, reached its lowest level in 40 years according to data from the National Agency of Petroleum (ANP).
Oil arrives in Cuba: Fuel will be for foreign companies... but resale is prohibited on the island
Cuban private companies are now importing fuel directly amidst US oil sanctions, but the government has prohibited resale to address energy shortages.
US expands oil license in Venezuela to include French company Maurel & Prom along with five multinationals
The US government has expanded a petroleum license in Venezuela to include the French firm Maurel & Prom, joining five other multinational companies already allowed to operate.
Tinubu orders NNPC to remit oil taxes, royalties directly
President Bola Tinubu has issued an Executive Order mandating the Nigerian National Petroleum Company to directly remit taxes and royalties to fiscal authorities, suspending previous fees collected.
Fire due to petroleum tanker overturning in Kokrajhar
A horrific incident occurred in Kokrajhar district where a petrol tanker overturned on National Highway 27, causing a major fire that impacted visibility and resulted in a long traffic jam.
Dangote signs $400m equipment deal to fast-track refinery expansion
The Dangote Group has signed a $400 million deal with China's XCMG Construction Machinery to enhance the expansion of its petroleum refinery capacity.
Andrew 'asked Epstein to help secure £150m for US military supplier'
Prince Andrew allegedly sought Jeffrey Epstein's assistance in securing £150 million for a US military supplier.
Namibia: Namandje Claims Namcor Bail Hearing Was Not Handled 'Competently'
A lawyer criticized the handling of a bail hearing for six individuals charged with fraud and corruption at Namibia's National Petroleum Corporation, claiming it was neither impartial nor competent.
Nigeria: NNPC Signs MOU With Chinese Firms to Advance Nigeria's Gas Infrastructure
The Nigerian National Petroleum Company has signed a Memorandum of Understanding with Chinese firms to enhance Nigeria's gas infrastructure through collaborative efforts across the natural gas value chain.
Morena Senator Proposes Regulation for the Transport of LPG and Hazardous Materials
A Morena senator in Mexico has proposed reforms to regulate the transport of liquefied petroleum gas (LPG) and hazardous materials, in response to a deadly incident in Iztapalapa that killed 31 people.
United Arab Emirates will buy crude from Petroamazonas without intermediaries
Ecuador and the United Arab Emirates strengthen a petroleum alliance with a new memorandum of understanding for direct oil purchases.
Nigeria: Dangote Refinery Hits 650,000 Bpd Capacity
The Dangote Refinery in Nigeria has achieved a capacity of 650,000 barrels per day, marking a significant operational milestone.
Pemex reaches historical production of one million 27 thousand barrels per day of petroleum products
Pemex has achieved a record production of 1.027 million barrels per day of petroleum products in 2025, indicating improved operational efficiency in its refineries.
Otedola praises Dangote for refinery's 650,000bpd capacity
Femi Otedola has praised Aliko Dangote for achieving the full production capacity of 650,000 barrels per day at the Dangote Petroleum Refinery.
DR Congo: Minister of Hydrocarbons denounces massive customs fraud of petroleum products
The Minister of Hydrocarbons in the Democratic Republic of Congo has raised alarms over massive customs fraud involving petroleum imports, resulting in significant losses for the state treasury.
Egypt announces new oil discoveries in the Western Desert
Egypt has announced significant new oil and gas discoveries in the Western Desert, adding 34 million cubic feet of gas and 5,200 barrels of crude oil production daily.
Dangote Refinery Reaches Full Capacity — MD
The Dangote Petroleum Refinery has achieved its full operational capacity of 650,000 barrels per day after completing maintenance and optimization work.
Shared gas infrastructure vital for Africa’s industrial growth – NNPC
The Nigerian National Petroleum Company emphasizes the importance of shared gas infrastructure for Africa's industrial growth, with a particular focus on the Nigeria–Morocco Gas Pipeline as a crucial energy resource.
Dangote imports 250,000MT of crude, blending components — Report
Dangote Petroleum Refinery has received a substantial delivery of 250,000 metric tonnes of crude oil and blending components at its terminal in Lagos.
Dangote refinery reaches full 650,000bpd capacity — MD
The Dangote Petroleum Refinery has achieved its full capacity of 650,000 barrels per day, marking a significant milestone for the facility.
ES surpasses SP and becomes the 2nd largest oil producer in the country
Espírito Santo has reclaimed its position as Brazil's second-largest oil producer, surpassing São Paulo.
India: The Minister of Petroleum admitted his 'limited' contacts with Jeffrey Epstein
The Indian Minister of Petroleum admitted to communicating and meeting with convicted sex offender Jeffrey Epstein during his stay in the United States but asserted that he has no involvement in any crimes.
Dangote cuts fuel price, explores new Burundi investments
Dangote Petroleum Refinery has lowered its petrol price by N25 per litre and is planning new investments in Burundi.
Share buyback program by Imperial Petroleum Inc.
Imperial Petroleum Inc. has announced a share buyback program of up to $10 million to enhance shareholder value.
PENGASSAN defends Port Harcourt refinery rehabilitation spending
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has defended the spending on the rehabilitation of the Port Harcourt Refinery, arguing that it is not a waste of public funds.
Dangote Refinery slashes petrol price to N774 per litre
Dangote Petroleum Refinery has reduced the price of petrol from N799 to N774 per litre, a move analysts view as a strategic adjustment to market conditions in 2026.
NUPRC courts global investors with PIA reforms, 2025 licensing round
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is inviting global investors to participate in Nigeria's upcoming 2025 oil and gas licensing round, emphasizing the investor-friendly changes brought by the Petroleum Industry Act (PIA).
South Africa: SA Untapped Mineral Potential Still 'Significant'
South Africa's Deputy Minister of Mineral and Petroleum Resources asserts that the country's mining industry shows significant untapped mineral potential during the Investing in Africa Mining Indaba in Cape Town.
Bayelsa monarchs demand fair trial for ex-minister, Alison-Madueke
Traditional rulers in Bayelsa State call for fairness in the trial of former Petroleum Minister Diezani Alison-Madueke, citing a decade-long lack of conviction despite extensive investigations.
India Returns to Venezuelan Crude: Refineries Reactivate Oil Purchases After Trade Pause
Indian Oil Corp and Hindustan Petroleum have jointly purchased Venezuelan crude, reigniting their trade relations after a hiatus.
Exports: The leaders of 2025 and the sectors with the biggest decline
In 2025, Greek exports saw a decline of 2.8%, although sectors excluding petroleum products demonstrated resilience and growth.
Nigeria: Refineries As Monuments to Waste
The Nigerian National Petroleum Company Limited admits that federal government refineries are financially unviable, calling for their privatization.
Idle refineries gulp N13 trillion as NNPC admits waste
The Nigerian National Petroleum Company has spent approximately N13.2 trillion on its state-owned refineries in 2023 and 2024, despite their continued operational losses.
Nigeria needs $22bn for gas pipeline projects – NNPC
Nigeria's National Petroleum Company projects a need for $22 billion in investments to improve its gas pipeline infrastructure under the Gas Master Plan 2026.
Cuba begins to close hotels and relocate tourists due to the fuel crisis
The Cuban government has started closing some hotels and relocating tourists as part of measures taken in response to a petroleum crisis caused by the United States.