KEY POINTS ExxonMobil’s Nigerian affiliate, Esso Exploration and Production Nigeria (Offshore East) Limited, has commenced a major new phase of development at the Usan oil field with the arrival of …
KEY POINTS The Nigerian equities market extended its losing streak to eight consecutive trading sessions on Thursday as investors continued to sell off shares in major companies, particularly Aradel Holdings …
KEY POINTS Oil prices remained broadly stable in early Asian trading on Thursday as investors assessed the outlook for the U.S.-Iran conflict and uncertainty surrounding the movement of oil tankers …
KEY POINTS Nigeria could significantly increase its crude oil production from deep offshore assets following the introduction of new investment incentives aimed at accelerating oil and gas developments, according to …
KEY POINTS The Chief Executive Officer of Seplat Energy, Engr. Effiong Okon, has urged independent oil and gas operators in Nigeria to make asset integrity a priority, warning that ageing …
KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA has proposed new regulations aimed at preventing fuel marketers and other petroleum industry players from manipulating prices, creating artificial …
KEY POINTS Italian energy company Eni and Algeria’s state-owned oil and gas giant Sonatrach have expanded their cooperation on reducing greenhouse gas emissions from Algeria’s oil and gas industry. The …
KEY POINTS The Dangote Petroleum Refinery and Petrochemicals has secured a $1 billion underwriting programme as it prepares for its planned Initial Public Offering (IPO), strengthening the financial foundation for …
KEY POINTS Libya’s state-owned National Oil Corporation, NOC, says the country needs between $30 billion and $40 billion in new investment to develop its largely untapped oil and gas resources, …
KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has called for the development of a fully integrated West African petroleum market as growing refining capacity begins to …
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