Ikeoluwa Juliana Ogungbangbe

KEY POINTS Italian energy company Eni has signed a new agreement with Venezuela’s state-owned oil company, PDVSA, to take operatorship of the Junin 5 oil field in the country’s Orinoco …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, recorded a significant decline in revenue in July 2026 as lower crude oil production and operational disruptions affected its financial performance. …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC Ltd, remitted N7.913 trillion in statutory payments to the Federation Account between January and July 2026, even as disruptions across several …

KEY POINTS Shell Offshore, a subsidiary of global energy major Shell, is set to acquire a 30 per cent stake in the Conifer exploration prospect in the Gulf of Mexico …

KEY POINTS South Africa’s state-owned power utility, Eskom, has reported a sharp increase in profits, marking its second consecutive profitable year after nearly a decade of financial losses. The utility …

KEY POINTS The Nigerian National Petroleum Company, NNPC, Limited recorded a sharp decline in profit and revenue in July 2026, largely due to lower crude oil and condensate sales as …

KEY POINTS The Dangote Petroleum Refinery has moved to restrict the sale of Premium Motor Spirit (PMS), commonly known as petrol, to six major oil marketers that currently hold active …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has provided fresh clarification on helicopter-related charges affecting Nigeria’s upstream petroleum industry, offering some relief to operators involved in offshore activities. …

KEY POINTS South Africa’s state-owned power utility Eskom has reported a sharp improvement in its financial performance, recording a R30.3 billion profit after tax for the financial year ended March …

KEY POINTS The price of cooking gas has dropped by 39 per cent across Nigeria, offering some relief to households following an increase in the supply of Liquefied Petroleum Gas, …