KEY POINTS The average retail price of Premium Motor Spirit (PMS), popularly known as petrol, increased significantly in May 2026, rising by 55.31 per cent compared to the same period …
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In the NewsOil & Gas
SEC Cracks Down on False Dangote Refinery IPO Promotions, Orders Immediate Refunds to Investors
KEY POINTS Nigeria’s capital market regulator, the Securities and Exchange Commission, SEC, has ordered the immediate suspension of all promotional and marketing activities relating to a purported Initial Public Offering, …
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KEY POINTS ExxonMobil’s major oil refinery in Antwerp, Belgium, is set to temporarily suspend production for five days following a planned strike by workers protesting job losses and what they …
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KEY POINTS The National Energy Regulator of South Africa (Nersa) is set for a leadership transition following the resignation of its chairperson, Thembani Bukula, who officially left office on June …
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KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has called for the adoption of advanced technologies, including drone surveillance systems, to improve monitoring and protection of oil and gas …
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KEY POINTS Libya’s National Oil Corporation (NOC) has granted an offshore oil exploration licence to a consortium of international energy companies, marking a significant step in the country’s efforts to …
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KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has blamed wholesalers, retailers, supply shortages, and distribution challenges for the continued rise in the price of cooking gas …
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KEY POINTS Microsoft and Chevron have announced plans to develop one of the largest natural gas-powered data centre projects in the United States, marking a significant step in addressing the …
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KEY POINTS • Petrol depot prices in Lagos fell across most terminals as competition and supply changes continue to influence Nigeria’s downstream oil market. • Dangote Refinery maintained relative stability …
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KEY POINTS • The Federal Government has held an emergency meeting with stakeholders to address rising cooking gas (LPG) prices in Nigeria. • Officials cited high landing costs and supply …
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