Nigeria Meets OPEC Quota For Fourth Straight Month As August Oil Output Hits 1.68m Bpd
NIGERIA produced 1,677,777 barrels of crude oil and condensate per day in August 2026, representing an increase of 0.4 per cent compared to.
News
International
Trump Announces ‘Biggest Oil Deal In World History’ With Venezuela
THE United States has struck a deal with Caracas that would give them control of some 65 billion barrels of Venezuela’s proven oil.
International
US Refineries Taking Half Of Venezuela’s Oil Output, Official Reveals
VENEZUELA is exporting about half of its oil output to the United States, according to a senior US official, seven months after Washington.
International
UAE To Accelerate Oil Pipeline Project To Bypass Strait Of Hormuz
THE United Arab Emirates is fast-tracking the construction of a new pipeline, which will double the export capacity through Fujairah, a port city.
International
Iran Warns Ships Against Using Unapproved Routes In Strait Of Hormuz
IRAN’s military command has threatened ships that attempt to cross the Strait of Hormuz using unapproved routes with a “forceful response,” casting new.
Opinion
Energy In Nigeria: From Potential To Reality – By Olu Verheijen
DISTINGUISHED members of the Nigerian-British Chamber of Commerce, Your Excellency the British Deputy High Commissioner, captains of industry, investors, regulators, development partners, ladies.
Column
Beyond The Creeklines: A Yenagoa Chronicle – By Dr Dakuku Peterside
WHEN the Nigerian Content Development and Monitoring Board invited me to Yenagoa as a guest author and lead facilitator for its quarterly leadership.
News
Somalia Set For ‘Historic’ First Offshore Oil Drilling
SOMALIA says it is ready to begin its first offshore oil drilling operations, with a Turkish government-owned drilling ship expected to arrive off.
News
Russia Sending Second Ship With Oil To Cuba Amid US Blockade
RUSSIA plans to send a second ship carrying oil to Cuba, the Russian energy minister has said, as the Caribbean nation struggles under.
Opinion
Middle-East Crisis: How Tinubu’s Policy Of Naira-For-Crude Guarantees Supply Security In Nigeria – By Temitope Ajayi
PRESIDENT Bola Tinubu demonstrated foresight in July 2024, when he approved the use of the naira as the payment currency for crude oil.
International
Trump Tells Allies ‘Get Your Own Oil’, Says Iran War May Not End Soon
PRESIDENT Donald Trump has said the United States could stop attacking Iran within two to three weeks and that a deal is not.
Africa
Strait Of Hormuz Siege: South Africa, Ghana, Others Turn To Dangote Refinery
SEVERAL African countries, including South Africa, Ghana and Kenya, are turning to Nigeria’s Dangote Refinery as fuel supplies from the Middle East tighten.
International
South Korea Imposes Limit On Fuel Price Hike To Curb Iran War Shock
SOUTH Korea said Thursday a fuel price cap would take effect from midnight to mitigate pressure on the country’s energy supply during the.
Column
The Implications Of The US-Israeli-Iranian War On Nigerians – By Kazeem Akintunde
THE distance between Nigeria and Israel is approximately 3,642 kilometres (2,263 miles). If you are to fly directly from Lagos to Tel Aviv,.
News
Oil Boom: How Nigeria May Benefit, Suffer From The US-Israel-Iran War
NIGERIA could see higher oil revenues amid escalating hostilities between the United States, Israel, and Iran, but energy experts warn that ordinary Nigerians.
International
Trump Says Venezuela To Hand Over Up To 50 Million Barrels Of Oil To US
UNITED States President Donald Trump has announced that Venezuela will turn over between 30 and 50 million barrels of sanctioned oil. Trump said.
News
NNPC Moves To Sell Stakes In Oil And Gas Assets To Attract New Investment
THE Nigerian National Petroleum Company Limited (NNPC Ltd.) has begun moves to sell stakes in some of its oil and gas assets, as.
Features
When Africa’s Richest Man Went To War: Inside Dangote’s Explosive Clash With Ex-NMDPRA Boss, Farouk
THIS week, Nigeria witnessed a moment that crystallised public frustration, elite rivalry and institutional anxiety into a single, explosive narrative. As chronicled by.
News
How NNPCL Spent N235.6bn In Seven Months Searching For Oil Across The North
THE Nigerian National Petroleum Company Limited (NNPCL) has deducted a staggering N235.6 billion between January and July 2025 to bankroll oil exploration in.
Column
Battle For The Soul Of Nigeria’s Oil Sector – By Kazeem Akintunde
THERE is an ongoing war for the soul of Nigeria’s oil sector. The war is not for the faint hearted. It is one.