The Defence Headquarters has said the troops of Operation Delta Safe have, in the last week, discovered and deactivated no fewer than 42 illegal refining sites in the Niger Delta region. The Director, Defence Media Operations, Maj.-Gen. Markus Kangye, made this known in a weekly report of ongoing military operations on Thursday in Abuja. Kangye said the military had sustained …

Dangote Petroleum Refinery and Petrochemicals has further reviewed its ex-depot (gantry) loading cost of Premium Motor Spirit (PMS), commonly known as petrol. The new price is set at N835 per litre, down from N865 per litre implemented six days ago, marking a 3.5 per cent decrease. The company informed its customers of the price reduction via a notice on Wednesday. …

Oando Plc stated that the breached pipeline had been shut down to avert further pollution and to pave the way for investigation. Nigeria’s gas export has dipped following three sabotage attacks on a major pipeline in Bayelsa State feeding the Nigeria Liquid Natural Gas (NLNG) export terminal in Bonny, Rivers State. The Ogboinbiri-Obiobi 24-inch Gas Pipeline between Angiama and Angiamagbene …

On Friday, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced that the country’s crude oil reserves stood at 37.28 billion barrels as of 1 January 2025, with an estimated lifespan of 64 years. In a statement in Abuja, the Commission Chief Executive, Engr. Gbenga Komolafe, also revealed that Nigeria’s gas reserves have reached 210.54 trillion cubic feet (TCF) as of …

The group chief executive officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari says the $2.8 billion Ajaokuta-Kaduna-Kano gas pipeline project reached 72 per cent completion rate at the end of the first quarter of 2025. Ojulari announced the development at the 2025 Oloibiri lecture series and energy forum (OLEF) organised by the Society of Petroleum Engineers (SPE) …

The price of Bonny Light, Nigeria’s premium oil grade, yesterday, dropped by 5.09 per cent to $59.62 per barrel in the global market at the backdrop of the ongoing ripples created by the tariff war that has followed the series of tariff hikes announced by the United States of America early this week. The oil price was also hit by …

Crude Oil Refinery Owners Association of Nigeria (CORAN) has said that the price of Premium Motor Spirit (petrol) can drop below N400 per litre with the current crash in crude oil prices. CORAN argued that there is no reason petrol should not be sold at N350 per litre if crude prices eventually fall to $50 per barrel. CORAN said petrol …

As part of efforts to enhance safety and streamline the identification of petroleum product transportation, the Federal Government has issued a directive mandating truck owners to paint their vehicles in distinct colours corresponding to the products they carry. This directive, given by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in partnership with the unified Petroleum Price Engagement Network, …

Ex-militant leaders in the Niger Delta are at logger heads over the multimillion-Naira pipeline protection contract, Sunday PUNCH reports. The crisis, according to insiders, stems from a contract awarded to a company in which the Olu of Warri, Ogiame Atuwatse III, has an interest, and the renewal of a $144 million contract for Tantita Security Services, owned by ex-militant leader …

The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has alleged that some local refineries are importing substandard crude into Nigeria to cut costs. PETROAN National Publicity Secretary, Mr. Joseph Obele said on Thursday that the refineries have been importing crude oil with high sulphur content into Nigeria. Asked to mention some of the refineries, Obele declined, saying the …