Ikeoluwa Juliana Ogungbangbe

Shell warned of a fourth-quarter loss in its chemicals and products unit as margins weakened, even as oil, gas and LNG production stayed within guidance

Ghana’s oil output is climbing after a new Jubilee well added fresh barrels, supporting revenue growth and reinforcing the country’s role in West Africa’s offshore crude market

Venezuela and the US struck a deal to export up to $2 billion in crude, redirecting oil from China and easing pressure from sanctions and storage limits

Sahara Power plans to lift generation capacity to 7,000 megawatts as reforms and debt repayment help stabilise Nigeria’s long-troubled electricity market

Nigeria’s oil and gas sector improved activity levels in 2025, but weak crude output, higher gas flaring and supply disputes weighed on overall performance

Chevron and Quantum Energy Partners are preparing a joint bid for Lukoil’s overseas assets, testing how far sanctioned Russian energy deals can still go

Eni and Repsol are struggling to recover about $6 billion owed for gas supplied to Venezuela as U.S. sanctions and policy shifts limit repayment options

MRS Oil Nigeria is selling petrol sourced from Dangote’s refinery at sharp discounts, forcing NNPC and rivals to cut prices across Lagos and beyond

Dana Gas received $50 million from Egypt, easing receivables and backing a drilling programme aimed at lifting gas output and cutting fuel imports

Dangote Refinery says petrol prices could climb to N1,400 per litre without local refining, rejecting shutdown rumours and citing steady output and ample stock