Dangote Refinery increases petrol price by N100 to N839 per Litre
Admits poor price reduction management by MRS retail outlets Sopuruchi Onwuka Dangote Petroleum Refinery & Petrochemicals has announced an increase in loading price for the Premium Motor Spirit (PMS) popularly called petrol at its gantries, indicating a N100 jump in…
NIES: Ojulari to lead investor-focused fireside chat on Nigeria’s energy future
Sopuruchi Onwuka The Group Chief Executive Officer of NNPC Limited, Mr. Bashir Bayo Ojulari, will headline a high-level, investor-focused fireside chat at the 9th edition of the Nigeria International Energy Summit (NIES) 2026, reinforcing Nigeria’s commitment to energy security, market…
REA, Lotus Bank to launch dedicated renewable energy financing facility
Sopuruchi Onwuka The Rural Electrification Agency (REA) and Lotus Bank have agreed to deepen their collaboration on renewable energy financing in Nigeria, marking a shift from project-based support to a structured, large-scale funding framework. The decision followed a high-level meeting…
Oil market outlook: supply surplus keeps prices in check despite geopolitical risks
Ziggy Ojiegbe Global oil markets are entering 2026 with a sizeable supply overhang that continues to weigh on prices, even as geopolitical tensions periodically jolt sentiment. According to the latest report by the International Energy Agency (IEA), robust supply growth…
Chevron declares double discovery with Awodi-07 well
Sopuruchi Onwuka Chevron Nigeria Limited has declared that its Awodi well busted two separate lodes offshore Western Niger Delta, discovering new hydrocarbon reservoir and extending existing one. A press statement made available to Oracle Intelligence did not specify the oil…
After buying out M&P, Tony Elumelu takes seat in Seplat Energy’s board
Sopuruchi Onwuka Following the completion of a deal to acquire the entire 20.07 percent equity stake held by Etablissements Maurel et Prom (M&P) SA, Nigerian billionaire investor Tony Elumelu has joined the board of Seplat Energy Plc as a Non-Executive…
Sahara Group Foundation partners Plan International on recycling, empowerment
Sopuruchi Onwuka Sahara Group Foundation has declared partnership with Plan International Nigeria to deepen social inclusion and community-led waste recycling initiatives aimed at driving climate action and economic empowerment. The Foundation, the social responsibility arm of Sahara Group, said it…
China fronts renewables as energy consumption surges to new records
Ziggy Ojiegbe China’s energy consumption continued to rise across the board in 2025, with strong growth recorded in power generation, coal output and petroleum, alongside a sharp expansion in renewable energy. Reports reviewed by Oracle Intelligence show that China now…
Seplat’s 300MMscfd ANOH Gas Project delivers first commercial gas
Sopuruchi Onwuka Seplat Energy Plc has announced the commencement of commercial operations at its long-awaited Asa North and Ohaji (ANOH) Gas Processing Plant, marking a major milestone for Nigeria’s domestic gas sector. The indigenous energy company, listed on the Nigerian…
Death anniversary: NUPRC honors UM Okoro with commitment to staff welfare
Sopuruci Onwuka The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reaffirmed its commitment to staff welfare and human capital development in honor of the late Comrade Uche Marcus Okoro, as the Petroleum and Natural Gas Senior Staff Association of Nigeria…
