Browsing Tag
Oil Industry
7 posts
Dangote Refinery Stresses Need for Accessible and Fairly Priced Local Crude
Dangote Refinery clarifies it remains committed to domestic crude but argues that current supply gaps and inflated prices from intermediaries hinder local production goals.
Ayodele Momoh Challenges NNPCL and NUPRC Regarding Alleged Favoritism in Oil Block Allocations
Ayodele Momoh and the Oil & Gas Professionals Forum have renewed accusations against the NNPCL and NUPRC, alleging that oil blocks were awarded to associates of Bayo Ojulari despite official denials.
NNPCL Defends Ojulari and Eyesan Amid Allegations of Cronyism in Oil Block Awards
NNPCL has refuted allegations of cronyism regarding oil block allocations, defending its leadership while clarifying that it lacks the authority to award such contracts under the Petroleum Industry Act.
Ogoni Liberation Initiative Prioritizes Safety Over Oil Production
Dr. Fabeke Douglas of the Ogoni Liberation Initiative warns that insecurity, rather than oil exploration, is the most urgent issue currently threatening the residents of Ogoniland.
Ukrainian forces target Russian oil infrastructure and naval assets
Ukrainian military strikes have damaged key Russian oil refineries and naval infrastructure as part of an effort to weaken Moscow's war capabilities.
Dangote Refinery Restarts Naira Petrol Sales at N1,215 per Litre
Dangote Refinery has resumed petrol loading in naira at a revised rate of N1,215 per litre, following a rise in global crude oil prices that has triggered widespread increases in retail fuel costs across Nigeria.
Boosting Nigeria’s Oil Output: Urgent Improvements Needed
Nigeria's recent oil production recovery is a necessary step rather than a total success, as significant structural challenges and industrial-scale theft continue to hinder the sector's potential.