Browsing Tag
Oil and Gas
27 posts
Nigeria records 148% surge in foreign investment amid regional downturn
Nigeria saw a 148% increase in foreign direct investment in 2025, reaching $4.01 billion, driven primarily by energy sector deals despite a continental decline in investment.
President Tinubu Announces Plans for NNPCL Stock Exchange Listing
President Bola Tinubu confirmed that the NNPCL will be listed on the Nigerian Exchange Limited as part of broader efforts to reform and modernize the nation's oil sector.
Dangote Refinery Remains Europe’s Primary Jet Fuel Source for Second Straight Month
Dangote Refinery has maintained its lead over the United States as Europe's primary jet fuel supplier for the second month, supplying nearly 20 percent of the continent's imports in July.
Tantita Security Services Links Delta Investment Surge to Better Pipeline Protection
Tantita Security Services claims that reducing pipeline vandalism has directly bolstered investor confidence and economic growth in Delta State.
NUPRC Projects $30 Billion Investment Boost for Offshore Oil and Gas
The NUPRC plans to drive up to $50 billion into 22 offshore projects by 2030, aiming to boost production and fortify Nigeria's energy infrastructure.
Oando Reports N2.1 Trillion Half-Year Revenue Growth
Oando Plc achieved a 20 per cent revenue increase to N2.1 trillion in the first half of 2026, driven by higher production and improved operational efficiency.
NNPC Records N19.04 Trillion Revenue in Half-Year Financial Report
The NNPC recorded N19.04 trillion in revenue and N2.28 trillion in profit during the first half of 2026, alongside progress on critical gas infrastructure.
Akwa Ibom groups push for higher PIA payments and policy reforms
Stakeholders in Akwa Ibom are lobbying to increase PIA remittance to host communities from 3% to 7% while seeking to remove penalties related to pipeline vandalism.
NNPCL Reports N535 Billion Profit and N4.4 Trillion Revenue for June 2026
NNPCL recorded a profit after tax of N535 billion in June 2026 on revenues of N4.389 trillion, alongside updates on gas production and key infrastructure projects.
BP moves to divest its North Sea operations
BP is seeking a buyer for its North Sea assets, effectively concluding 60 years of production in the area to streamline its global operations.