Oil Firms Face Permit Cancellation Over Idle Gas Flare Sites, NUPRC Warns
Muhammed Abubakar, Reporting ABUJA — Companies awarded Nigerian gas flare sites risk losing their permits if they fail to put…
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Industry Experts Urge Nigeria to Prioritise Competence for Energy Transition
Rita Enemuru, Reporting OIL and gas industry experts have called on Nigeria to urgently shift from certificate-driven training to practical…
Oil Prices Soar as US Strikes on Iran Reignite Middle East Tensions
OIL prices extended their rally today as fresh US military strikes on Iran thrust the Middle East crisis back into…
Crude Oil Theft: Lawmakers Push for Special Courts
THE House of Representatives Special Committee on Crude Oil Theft has renewed calls for the establishment of dedicated courts to…
Oil Falls For Third Straight Session As US-Iran Talks Progress
Juliet Oladele, Reporting OIL prices dropped by around one per cent on Thursday, marking their third consecutive decline, after Qatar…
Oil Prices Plummet to Pre-War Levels as US-Iran Truce Eases Strait of Hormuz Fears
Juliet Oladele, Reporting OIL prices have crashed to their lowest level since the outbreak of the US-Iran conflict in February,…
Oil Drops Under $80 As US-Iran Peace Deal Boosts Optimism
Juliet Oladele, Reporting OIL prices have fallen to a three-month low following optimism over the expected reopening of the Strait…
Crude Shortfall: Just 28.5m Barrels Reach Nigerian Refineries As Pricing Rows Hobble Supply
Juliet Oladele, Reporting LAGOS — Fresh data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has exposed a stark disconnect…
OPEC Is Fracturing – But Nigeria’s Real Problem Is At Home
By Sola Adebawo FOR decades, Nigeria’s engagement with OPEC has followed a familiar script: quotas, compliance, and the politics of…
Is Oil Still Nigeria’s Backbone Or Its Addiction?
By Sola Adebawo THERE are two conversations Nigerians have about oil. The first is nostalgic. Oil financed highways, universities, airports…