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  • Updated: February 18, 2024

Weekly oil, gas news highlights from February 11 to February 18, 2024

Weekly oil, gas news highlights from February 11 to February

We're glad you're here for the most recent Oil & Gas News collections, where we swiftly present the most interesting AllNews stories from the previous week.

Dangote refinery enters international market with export tenders

The Dangote Petroleum Refinery has filed tenders to sell two fuel cargoes for export, the first from the newly commissioned refinery, according to trading sources familiar with the subject.

After former President Muhammadu Buhari officially opened the $20 billion Dangote refinery in May of last year, Nigerians had been excitedly awaiting the discharge of goods from the facility. Read more here.

Crude oil prices drop as Israel halts airstrikes on Gaza

The price of crude oil fell at the start of the trading week as Israel announced a pause in its airstrikes on southern Gaza, reducing concerns about supply disruptions.

Both Brent crude and West Texas Intermediate fell somewhat in Asian trading, presumably due to rumours of another Houthi rebel raid on a ship in the Red Sea. Read more here.

NARTO urges petroleum minister to address transportation challenges

The National Association of Road Transport Owners (NARTO) has called upon the Minister of State for Petroleum, Heineken Lokpobiri, to promptly address the persistent challenges plaguing the transportation of petroleum products nationwide.

In a notification addressed to the Minister and signed by NARTO's President, Yusuf Othman, the association highlighted the urgent need to confront various obstacles hindering the smooth transportation of petroleum products across the country. Read more here.

Oil marketers push for lower costs with direct NNPCL petrol procurement

Independent oil marketers have claimed that if they buy premium motor spirit, often known as petrol, directly from Nigerian National Petroleum Company Limited (NNPCL), they will be able to provide it at lower costs than NNPCL retail stations. 

Abubakar Maigandi, National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), expressed this perspective during an interview. Read more here.

NNPC Ltd, TotalEnergies partnership ends routine gas flaring across assets

The collaboration between the Nigerian National Petroleum Company Limited and TotalEnergies has reached a significant milestone by putting an end to routine gas flaring across all their assets.

The development was disclosed during an inspection of Oil Mining Lease (OML) 100 in the southeastern Niger Delta, located off Port Harcourt. The inspection was conducted by a combined team from NNPC Ltd and TotalEnergies. Read more here.

These are the latest Oil & Gas news that made trends during the week. Visit our website https://allnews.ng for more Oil & Gas news around the world.

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