Oil And Gas – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Fri, 27 Feb 2026 12:39:19 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Oil And Gas – InfoStride News https://www.theinfostride.com 32 32 Heirs Energies Reaffirms Commitment to Driving Growth in Nigeria’s Oil Sector https://www.theinfostride.com/heirs-energies-reaffirms-commitment-to-driving-growth-in-nigerias-oil-sector/ https://www.theinfostride.com/heirs-energies-reaffirms-commitment-to-driving-growth-in-nigerias-oil-sector/#respond Wed, 25 Feb 2026 17:22:33 +0000 https://www.theinfostride.com/?p=467355 Heirs Energies has restated its dedication to unlocking value in Nigeria’s oil and gas industry, underscoring its strategic role in shaping the country’s energy future. The company, one of the leading integrated energy firms in Africa, emphasized that its long-term vision remains centered on maximizing Nigeria’s vast hydrocarbon resources while aligning with global standards of [...]

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]]> https://www.theinfostride.com/heirs-energies-reaffirms-commitment-to-driving-growth-in-nigerias-oil-sector/feed/ 0 NNPC Records ₦4.65tn Revenue in August Despite Output Drop https://www.theinfostride.com/nnpc-records-%e2%82%a64-65tn-revenue-in-august-despite-output-drop/ https://www.theinfostride.com/nnpc-records-%e2%82%a64-65tn-revenue-in-august-despite-output-drop/#respond Wed, 25 Feb 2026 16:46:18 +0000 https://www.theinfostride.com/?p=467503 The Nigerian National Petroleum Company Limited (NNPC) has reported a significant revenue boost, hitting ₦4.65 trillion in August 2025 despite challenges posed by declining crude oil output. The latest figures highlight the resilience of the state-owned energy giant in the face of persistent operational hurdles, including pipeline vandalism, oil theft, and underinvestment that have strained [...]

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]]> https://www.theinfostride.com/nnpc-records-%e2%82%a64-65tn-revenue-in-august-despite-output-drop/feed/ 0 Shell Records Profit Decline Amid Falling Global Energy Prices https://www.theinfostride.com/shell-records-profit-decline-amid-falling-global-energy-prices/ https://www.theinfostride.com/shell-records-profit-decline-amid-falling-global-energy-prices/#respond Wed, 24 Dec 2025 09:17:15 +0000 https://www.theinfostride.com/?p=463608 Shell has announced a sharp decline in profit for its latest financial period, attributing the downturn to a slowdown in global oil and gas prices that eroded margins across its energy operations.The energy company revealed that net income for the half-year contracted year‑on‑year, with upstream revenue—generated from exploration and production—hardest hit by lower crude and [...]

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]]> https://www.theinfostride.com/shell-records-profit-decline-amid-falling-global-energy-prices/feed/ 0 Heirs Energy Clinches $750m Afreximbank Financing to Expand Oil and Gas Operations https://www.theinfostride.com/heirs-energy-clinches-750m-afreximbank-financing-to-expand-oil-and-gas-operations/ https://www.theinfostride.com/heirs-energy-clinches-750m-afreximbank-financing-to-expand-oil-and-gas-operations/#respond Sun, 21 Dec 2025 15:37:29 +0000 https://www.theinfostride.com/?p=473932 Heirs Energy, a leading indigenous Nigerian energy company, has secured a $750 million financing facility from the African Export-Import Bank (Afreximbank), marking a major milestone in its growth strategy and reinforcing confidence in African-owned energy enterprises. The facility is expected to significantly boost the company’s oil and gas production capacity while supporting Nigeria’s drive to [...]

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]]> https://www.theinfostride.com/heirs-energy-clinches-750m-afreximbank-financing-to-expand-oil-and-gas-operations/feed/ 0 Chevron Pledges Continued Support for Nigeria’s Oil and Gas Expansion https://www.theinfostride.com/chevron-pledges-continued-support-for-nigerias-oil-and-gas-expansion/ https://www.theinfostride.com/chevron-pledges-continued-support-for-nigerias-oil-and-gas-expansion/#respond Fri, 15 Aug 2025 09:37:53 +0000 https://www.theinfostride.com/?p=465068 Chevron Nigeria Limited (CNL) has reiterated its commitment to supporting the growth and development of Nigeria’s oil and gas industry, pledging sustained investment, technological expertise, and collaboration with stakeholders to maximise the sector’s potential. Speaking during a recent industry forum in Lagos, Chevron’s Chairman and Managing Director, Rick Kennedy, said the company remained dedicated to [...]

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]]> https://www.theinfostride.com/chevron-pledges-continued-support-for-nigerias-oil-and-gas-expansion/feed/ 0 NUPRC Targets 40% of Africa’s Oil and Gas Investment Flows https://www.theinfostride.com/nuprc-targets-40-of-africas-oil-and-gas-investment-flows/ https://www.theinfostride.com/nuprc-targets-40-of-africas-oil-and-gas-investment-flows/#respond Fri, 15 Aug 2025 08:50:22 +0000 https://www.theinfostride.com/?p=465058 The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has set its sights on positioning Nigeria to attract at least 40% of all oil and gas investment inflows into Africa, citing the country’s vast hydrocarbon resources, recent regulatory reforms, and ongoing efforts to improve the investment climate. Speaking at an industry stakeholders’ forum in Lagos, the Commission’s [...]

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]]> https://www.theinfostride.com/nuprc-targets-40-of-africas-oil-and-gas-investment-flows/feed/ 0 Nigerian indigenous company secures deal to develop Tanzania’s Mnazi Bay North oil and gas block https://www.theinfostride.com/nigerian-indigenous-company-secures-deal-to-develop-tanzanias-mnazi-bay-north-oil-and-gas-block/ https://www.theinfostride.com/nigerian-indigenous-company-secures-deal-to-develop-tanzanias-mnazi-bay-north-oil-and-gas-block/#respond Sun, 20 Jul 2025 11:58:24 +0000 https://www.theinfostride.com/?p=462438 FIRST Exploration & Petroleum Development Company (FIRST E&P), a Nigerian indigenous oil exploration and production firm, has successfully signed a Memorandum of Understanding (MoU) with the Tanzania Petroleum Development Corporation (TPDC) to assess and potentially develop the Mnazi Bay North gas-rich block in southern Tanzania. The agreement signals the first major upstream partnership of its kind [...]

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]]> https://www.theinfostride.com/nigerian-indigenous-company-secures-deal-to-develop-tanzanias-mnazi-bay-north-oil-and-gas-block/feed/ 0 NCDMB approves more than 440 expatriate positions in Nigeria’s oil and gas industry https://www.theinfostride.com/ncdmb-approves-more-than-440-expatriate-positions-in-nigerias-oil-and-gas-industry/ https://www.theinfostride.com/ncdmb-approves-more-than-440-expatriate-positions-in-nigerias-oil-and-gas-industry/#respond Sat, 12 Jul 2025 14:30:43 +0000 https://www.theinfostride.com/?p=461799 The Nigerian Content Development and Monitoring Board (NCDMB) has confirmed the approval of over 440 expatriate quota slots for various oil and gas companies operating in the country. The announcement, made during a press briefing in Abuja on Thursday, reflects the Board’s continued effort to strike a balance between attracting foreign expertise and promoting indigenous [...]

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]]> https://www.theinfostride.com/ncdmb-approves-more-than-440-expatriate-positions-in-nigerias-oil-and-gas-industry/feed/ 0 Rethinking Nigeria’s Oil and Gas Governance for National Development https://www.theinfostride.com/rethinking-nigerias-oil-and-gas-governance-for-national-development/ https://www.theinfostride.com/rethinking-nigerias-oil-and-gas-governance-for-national-development/#respond Sat, 20 Jul 2024 09:19:45 +0000 https://www.theinfostride.com/?p=383912 Nigeria stands at a critical juncture in its economic history. As the largest oil and gas producer in sub-Saharan Africa, with estimated reserves of 37 billion barrels of oil and 188 trillion cubic feet of gas, the country’s petroleum industry forms the backbone of its economy. It contributes approximately 90% of Nigeria’s foreign exchange earnings [...]

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]]> https://www.theinfostride.com/rethinking-nigerias-oil-and-gas-governance-for-national-development/feed/ 0 Saudi Aramco Hits $2-Trn Valuation On Back Of Higher Oil Prices https://www.theinfostride.com/saudi-aramco-hits-2-trn-valuation-on-back-of-higher-oil-prices/ https://www.theinfostride.com/saudi-aramco-hits-2-trn-valuation-on-back-of-higher-oil-prices/#respond Wed, 06 Oct 2021 13:35:58 +0000 https://www.theinfostride.com/?p=309669 Saudi Arabia’s oil company Aramco reached a $2 trillion valuation as it hit near record levels Wednesday during trading hours. Its market cap value puts Aramco just behind Microsoft and Apple as the world’s most valuable company. It comes as crude oil prices climb to over $82 a barrel, the highest in seven years. Demand [...]

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]]> https://www.theinfostride.com/saudi-aramco-hits-2-trn-valuation-on-back-of-higher-oil-prices/feed/ 0 Oil makes profit for the 4th straight week https://www.theinfostride.com/oil-makes-profit-for-the-4th-straight-week/ https://www.theinfostride.com/oil-makes-profit-for-the-4th-straight-week/#respond Sun, 19 Sep 2021 20:13:33 +0000 https://www.theinfostride.com/?p=308405 The black liquid has published its fourth straight weekly gain. This can be linked to the impact of unexpected supply shortages from the three-week-old Hurricane Ida, despite a risk-off sentiment across markets on Friday that weighed partially on crude prices. The U.S benchmark, New York-traded West Texas Intermediate (WTI), settled on Friday at $71.97 per [...]

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]]> https://www.theinfostride.com/oil-makes-profit-for-the-4th-straight-week/feed/ 0 Aliko Dangote Shift Focus To Oil And Gas https://www.theinfostride.com/aliko-dangote-shift-focus-to-oil-and-gas/ Fri, 24 Jun 2016 14:34:05 +0000 http://www.theinfostride.com/?p=133541 Africa’s richest man, Aliko Dangote, plans to launch Nigeria’s first private crude oil refinery by 2019 while almost doubling his cement production on the continent by adding plants in eight countries as he shrugs off a regional economic downturn. Dangote told Reuters the $12 billion refinery would have a capacity of 650,000 barrels a day, [...]

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