Over the next five years, advanced refineries are set to make giant strides in energy efficiency and digitisation.

Crude producers should reserve a fixed percentage of their output for local refiners before exporting any surplus.

Nigeria has, for the first time, met the Organisation of Petroleum Exporting Countries’ (OPEC) crude oil production quota of 1.5 million barrels per day ...

The Organisation of Petroleum Exporting Countries (OPEC), says Nigeria’s average daily crude oil production has increased significantly to 1.539 million Barrels Per Day (bpd) in January.

The report showed that Nigeria retained its position as the largest oil producer in Africa, surpassing Algeria, which ...

Edmond B. Kombat, a seasoned energy strategist and finance professional, has been appointed by President John Dramani Mahama as Deputy Managing Director of the Tema Oil Refinery (TOR), in a move ...

BPCL signed a strategic contract with TotalEnergies for crude oil supply from West Asia, effective April 2025. This agreement ...

Nigeria’s crude oil production reached an average of 1.53 million barrels per day (bpd) in January, marking the first time the country has met the Organisation of Petroleum Exporting Countries (OPEC) ...

According to the oil cartel’s direct communication data, Nigeria recorded 1,539 million barrels per day in January from 1,485 million recorded in December 2024, an increase of 54,000 barrels.

PBF reported $383.2 million loss from operations in the fourth quarter, extending the string of quarterly losses to three. Officials blamed the results on constricted global refining margins and weak ...

Gas prices have taken a sharp turn higher in the past two weeks. According to AAA, the average price of a gallon of ...