KEY POINTS Nigeria’s petroleum regulator, NUPRC, has stepped into the growing standoff between Aliko Dangote’s refinery and oil sector unions, urging all sides to resolve their differences without putting the …
September 2025
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Energy TransitionIn the NewsOil & Gas
Equatorial Guinea Strikes $690 Million Chevron Deal to Boost LNG Output
KEY POINTS Equatorial Guinea has signed a landmark agreement with US energy major Chevron to kickstart the Aseng Gas Project, a $690 million development aimed at securing feedstock for the …
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KEY POINTS The Dangote Petroleum Refinery, Nigeria’s flagship private downstream asset, has suspended sales of petrol in naira, setting the stage for another round of turbulence in the country’s fuel …
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KEY POINTS Nigeria’s most powerful oil and gas union, the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has directed its members across the country’s top energy firms …
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NUPRC clears TotalEnergies’ $510 million oil deal with Shell and Agip, with consent fees and obligations attached
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Nigeria ends a 10-year drought in oil sector investments as reforms restore confidence and attract billions in fresh commitments
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KEY POINTS Egypt is ramping up drilling at its flagship Zohr gas field in the Mediterranean, signaling a renewed push to restore production at one of the world’s largest offshore …
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KEY POINTS Nigeria’s households caught a rare break in August as the average cost of refilling cooking gas cylinders plunged, offering relief to millions grappling with stubbornly high living expenses. …
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MarketsOil & Gas
Shell, Agip Secure 12.5% OML 118 Stake as TotalEnergies Exits With Regulator’s Nod
KEY POINTS Nigeria’s upstream regulator has approved the transfer of TotalEnergies’ 12.5% interest in Oil Mining Lease (OML) 118 to two of its long-time partners, Shell Nigeria Exploration and Production …
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KEY POINTS Nigeria’s largest refinery project, owned by billionaire Aliko Dangote, is facing mounting criticism from labor unions after reports surfaced that all Nigerian staff at the facility were abruptly …