Oluwatosin Racheal Alabi

Oil majors are set for sharply higher third quarter profits as the Iran war boosts refining and trading, and investors are watching the spending.

Emerging economies have spent about $235 billion on Chinese clean energy technology since 2024, outspending the rest of the world on grids, solar and cooling.

Ebenco Global Link’s 30,000 bpd modular refinery in Koko, Delta State, has regulatory approval to introduce hydrocarbons and begin a 90 day reliability test.

Algeria’s ALNAFT is offering seven onshore blocks at African Energy Week, with more than 50 companies registered and bids due in January.

Brent fell about 1.6% to near $104 a barrel as Hormuz shipping attacks clashed with a US plan to ease sanctions on oil vessels.

KEY POINTS The Oil & Gas Professionals Forum, OGPF, has accused the Nigerian National Petroleum Company Limited (NNPCL) of avoiding the main issues raised about the recent Marginal Field bid …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has disclosed that oil producers offered 68.1 million barrels of crude oil to the Dangote Refinery in the second quarter of …

KEY POINTS Construction of the proposed Dangote-backed Lamu oil refinery in Kenya is expected to commence in October 2026, with Africa’s richest man, Aliko Dangote, saying preparations for the ambitious …

KEY POINTS Libya’s Waha Oil Company has contained a leak on the Zaqout-Sidra oil pipeline and restored pumping operations after completing repairs, according to a company statement issued on Saturday. …

KEY POINT Camco Oil Services, a subsidiary of the Edgo Group, has successfully drilled and completed a re-entry horizontal well in Libya’s Sarir oil field in partnership with the Arabian …