Petroleum Newspaper Nigeria Company

11/07/2025

In Nigeria’s crude capital, a plan to win the war against oil theft
Through improved security measures, including gunboats, authorities in Rivers State hope to stop criminals and improve production.
Port Harcourt, Nigeria – At dawn, the dense creeks and swamps of the Niger Delta are enveloped in an eerie silence, which is interrupted only by the intermittent chirping of Herons, a rare water bird found in this part of Nigeria.
Suddenly, in a flash, the water bubbles and convulses, announcing the galloping approach of speedboats.
The boats usually carry heavily armed militiamen, often clad in work overalls, suggesting they are technicians, said Tonye Francis, who lives in the oil-producing Ogu-Bolo community in Rivers State that’s been in the shadow of an oil conflict for years.
Also in the boats are several dozen empty mini-drums with hoses attached to the bases, that get connected to a nearby oil pipeline after it has been professionally ruptured, the young man told Al Jazeera.

In Nigeria’s crude capital, a plan to win the war against oil theft Through improved security measures, including gunboats, authorities in Rivers State hope

26/06/2025

Nigeria-China Business Summit Attracts $16bln Investment into Oil and Gas Sector
..NUPRC Showcases Sector Reforms and $16 Billion Commitment at Lagos Investment Summit

By Joycelyn Ellakeche Adah

www.petroleumnewsngr.com

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced significant strides in attracting fresh investments into the nation’s oil and gas sector, citing over $16 billion in upstream investment commitments between 2023 and 2025.

This development was highlighted at the recent Nigeria-China Sustainable Bilateral Business, Trade, and Investment Summit held in Lagos.

Petroleumnews reports that the summit brought together top government officials, global and local investors, energy executives, and key stakeholders to reaffirm Nigeria’s commitment to energy security, accessibility, and sustainability as cornerstones of national development.

In his address, the Commission’s Chief Executive, Engr.

Nigeria-China Business Summit Attracts $16bln Investment into Oil and Gas Sector ...NUPRC Showcases Sector Reforms and $16 Billion Commitment at Lagos Inves

25/06/2025

Petrol hits N955/litre as marketers, NNPCL raise prices
Special coverage

www.petroleumnewsngr.com

Retail outlets under the nameplate of the Nigerian National Petroleum Company Limited effected an upward adjustment in the pump price of the Premium Motor Spirit, also known as petrol, to N945 per litre in the Federal Capital Territory on Monday.

They also adjusted their petrol price to N915 per litre at several of their Lagos retail outlets, marking a fresh upward shift in the downstream retail market. The latest increase marks a fresh spike of N45 and N35 in Lagos and Abuja, respectively, up from the previous prices of N870 and N910 per litre.

Also, independent marketers effected an increase of N60 from N895 per litre to N955 per litre in Abuja. In Lagos, the costs ranged from N915 to N950, depending on the station of the independent oil dealer.

The PUNCH reports that as of Monday, petrol prices hovered between N915 and N950 in Lagos, Ogun and other parts of the South-West.

25/06/2025

614km AKK gas pipeline crosses River Niger
By Dare Olawin

www.petroleumnewsngr.com

Oilserv Limited, the contractor handling the 614km Ajaokuta-Kaduna-Kano gas pipeline project, says the pipeline has crossed the River Niger. The contractor said this in an update on its X handle on Tuesday.

Oilserv announced the successful completion of a critical phase of the pipeline crossing the River Niger using a technology aimed at preserving the environment. The company also reiterated its commitment to driving Nigeria’s energy transition.

“We have successfully crossed the 40-inch x 1.6km Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline through the River Niger using the Horizontal Directional Drilling special technique, minimising environmental impact. We remain committed to driving Nigeria’s energy transition,” the company said.

Horizontal directional drilling is a trenchless method for installing underground utilities like pipes, conduits, or cables.

25/06/2025

Heirs Energies and Renaissance to Collaborate in Order to Advance Nigeria’s Oil and Gas Development

Our reporter

www.petroleumnewsngr.com

Heirs Energies Limited and Renaissance Africa Energy Company have reaffirmed their shared commitment to fostering strategic collaboration to advance Nigeria’s oil and gas development.

According to a statement on Tuesday, they also expressed commitment to boosting hydrocarbon production by empowering indigenous operators and enhancing their capacities and opportunities.

The independent producers spoke during a high-level courtesy visit by Osa Igiehon, Heirs Energies’ chief executive officer (CEO), to the Renaissance team led by Tony Attah, its managing director.

According to a statement issued by Heirs Energies on Tuesday, the meeting marked the first formal engagement between the companies following Renaissance’s successful takeover of Shell Petroleum Development Company (SPDC).

14/06/2025

Global oil prices soar after Israel attacks Iran

Peter Hoskins
www.petroleumnewsngr.com

Global oil prices jumped after Israel said it had struck Iran in a dramatic escalation of tensions in the Middle East.
The price of the benchmark Brent crude rose more than 10%, reaching its highest level since January, before losing some gains.
Traders were concerned that a conflict between Iran and Israel could disrupt supplies coming from the energy-rich region.
The cost of crude oil affects everything from how much it costs to fill up your car to the price of food at the supermarket.

After the initial jump, oil prices eased a little. But Brent crude still ended the day more than 7% higher than Thursday's closing price, trading at $74.23 a barrel.
Despite Friday's moves, oil prices are still more than 10% lower than where they were at the same point last year.

12/06/2025

Nigerian Troops Arrest 43 Suspected Oil Thieves in Yeagoa, Bayelsa State
Our correspondents

www.petrroleumnewsngr.com

Troops of 6 Division, Nigerian Army have arrested 43 suspected oil thieves and uncovered 27 illegal bunkering sites in the Niger Delta region.

The troops also recovered over 161,000 litres of stolen products in their latest crackdown across the region

Acting Deputy Director, 6 Division Army Public Relations, Lieutenant Colonel Danjuma Jonah Danjuma said in Port Harcourt, that the operations were conducted in synergy with other security agencies between 26 May - 8 June 2025.

"In Bayelsa State, along Zarama-Joinkrama 4, troops discovered an illegal connection point at Wellhead 10 connected to an illegal refining site.

Nigerian Troops Arrest 43 Suspected Oil Thieves in Yeagoa, Bayelsa State Our correspondents www.petrroleumnewsngr.com Troops of 6 Division, Nigerian Army

12/06/2025

NNPC AND ARAMCO Disagree on the $5bn Forward Sale of Crude Oil

By Abdullateef Aliyu, Lagos

www.petroleumnewsngr.com

The Federal Government yesterday clarified that it has not taken a final decision on the $5bn forward sale of crude oil involving the Nigerian National Petroleum Company Limited (NNPC Ltd.) and Saudi Arabian oil giant Aramco.

The Ministry of Finance issued the clarification while rejecting claims that the deal had collapsed.

NNPC AND ARAMCO Disagree on the $5bn Forward Sale of Crude Oil By Abdullateef Aliyu, Lagos www.petroleumnewsngr.com The Federal Government yesterday c

10/05/2025

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19/04/2025

Petroleum Institute Re-brands to Enhance Professionalism in the Oil and Gas Industry
By Yunus Yusuf

www.petroleumnewsngr.com

Mrs Prisca Kanebi, Chairperson of the the Nigerian Institution of Petroleum Engineers (NiPeTE), says the institution is rebranding to become Nigerian Institute of Petroleum and Gas Engineers.

She said the move aims to enhance professionalism and growth in the oil and gas sector.

NiPeTE Chairperson, Ms Prisca Kanebi, said this at a news conference on the institute’s renewed focus and future direction on Thursday in Lagos.

According to Kanebi, the rebranding marks a significant step in the institute’s commitment to national development through professional excellence.

“We are working toward a strategic, focused path that will positively impact Nigeria’s economic growth,” she said.

Petroleum Institute Re-brands to Enhance Professionalism in the Oil and Gas Industry By Yunus Yusuf www.petroleumnewsngr.com Mrs Prisca Kanebi, Chairpers

18/04/2025

Shell and Chevron exit Egypt’s Red Sea concessions, to direct resources elsewhere

By Mohamed Ezz and Jaidaa Taha

www.petroleumnewsngr.com

Concessions awarded in 2019, part of effort to become energy hub

Chevron says it remains committed to working with Egypt

Ministry spokesperson gives assurances over summer gas supply

CAIRO, April 18 (Reuters) - A number of multinational oil and gas companies including Chevron have exited their Red Sea oil and gas concession blocks after making no finds and have channelled their resources elsewhere in the country, the Egyptian petroleum ministry said.

As part of its efforts to become an energy hub, Egypt awarded oil and gas exploration concessions in the Red Sea for the first time to Chevron, Shell and Abu Dhabi sovereign wealth fund Mubadala Investment Company in an international tender in 2019. "Companies have spent millions on their concessions within the agreed time frames," ministry spokesperson Moataz Atef told reporters on Thursday.

Shell and Chevron exit Egypt’s Red Sea concessions, to direct resources elsewhere By Mohamed Ezz and Jaidaa Taha www.petroleumnewsngr.com Concessions