KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has announced a temporary reduction in gas supply to some electricity generation companies from February 12 to February 15, 2026. The …
KEY POINTS The Dangote Petroleum Refinery has attained full operational capacity, with its Crude Distillation Unit and Motor Spirit production block now running at their designed limit of 650,000 barrels …
KEY POINTS Dangote Reduces Ex-Depot Petrol PriceDangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS) by N25 per litre, lowering the gantry price from N799 to …
KEY POINTS The Nigerian oil and gas sector has rebounded sharply on the Nigerian Exchange in 2026, climbing more than 31% year-to-date. This performance has outpaced the industrial goods sector, …
KEY POINTS Nigeria’s benchmark oil, Bonny Light, fell below $69 per barrel during the second trading session of the week. The drop in oil prices comes as escalating tensions between …
KEY POINTS Conoil Plc reported its weakest annual profit in five years for 2025, as falling fuel sales, high borrowing costs, and growing short-term debt weighed heavily on the company. …
KEY POINTS Aiteo, one of Africa’s largest privately owned energy companies controlled by Nigerian billionaire Benedict Peters, has secured a rare exploration license in Libya, marking a major milestone both …
KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has urged international investors to take advantage of opportunities in Nigeria’s forthcoming 2025 petroleum licensing round. Speaking at the Sub-Saharan Africa …
KEY POINTS The President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo, says the old Port Harcourt refinery has reached about 90 percent rehabilitation …
KEY POINTS Chevron, the U.S.-based oil major, and the BP–ENI joint venture, Azule Energy, initially planned a smooth divestment of two mature offshore licences in Angola’s Block 14. However, what …
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