KEY POINTS ExxonMobil has reported earnings of $6.5 billion for the fourth quarter of 2025, bringing its full-year profit to $28.8 billion, according to the company’s latest financial statement. The …
KEY POINTS Shell Nigeria Exploration and Production Company Limited (SNEPCo) has commenced a major turnaround maintenance programme on the Bonga Floating Production Storage and Offloading (FPSO) vessel as part of …
KEY POINTS Oil marketers across Nigeria say the recent surge in petrol pump prices is squeezing their businesses, making it increasingly difficult to raise enough capital to purchase products from …
KEY POINTS Petroleum marketers, industry experts, and unions in Nigeria’s downstream sector have raised concerns over what they describe as persistent price instability and uncertainty in the supply, distribution, and …
KEY POINTS Libya’s National Oil Corporation, NOC, has signed a strategic memorandum of understanding (MoU) with Hungary’s MOL Group to explore new areas of cooperation in the oil and gas …
KEY POINTS Aradel Holdings Plc, the Nigerian energy group led by Chief Executive Officer Adegbite Falade, has secured a $250 million financing facility from South Africa’s Standard Bank Group to …
KEY POINTS TotalEnergies has formally restarted construction of its $20 billion Mozambique LNG project, bringing to an end a nearly five-year suspension of one of Africa’s largest energy investments. Work …
KEY POINTS Aba Power, Nigeria’s newest electricity distribution company, has resumed full electricity supply to customers following the restoration of gas supply to its embedded power generation partner, Geometric Power …
KEY POINTS The First Lady of Nigeria, Senator Oluremi Tinubu, has donated 50 compressed natural gas, CNG, buses to Obafemi Awolowo University (OAU), Ile-Ife, Osun State, as part of efforts …
KEY POINTS The Federal Government of Nigeria has successfully raised ₦501 billion through its inaugural power sector bond under the Presidential Power Sector Debt Reduction Programme (PPSDRP), achieving 100 per …
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