Oluwatosin Racheal Alabi

KEY POINTS In a milestone move set to reshape Greece’s energy landscape, US oil giant Chevron and Greek refiner Helleniq Energy have emerged as the successful bidders for four major …

KEY POINTS Nigeria’s oil earnings fell sharply below expectations in the final quarter of 2024, with the Budget Office of the Federation reporting that net oil revenue stood at ₦3.34 …

KEY POINTS When we talk about a single forex trade in Africa, we typically imagine someone hitting “buy” or “sell” on a laptop or mobile phone.  What we don’t usually …

KEY POINTS Shell Plc has lodged an application for leave to appeal a decision by the Western Cape High Court that blocked its plans to explore for oil and gas …

KEY POINTS Namibia’s biggest privately owned conglomerate, Ohlthaver & List (O&L) Group, led by billionaire executive chairman Sven Thieme, has sold its stake in Cleanergy Solutions Namibia to H2Infra NV, …

KEY POINTS ExxonMobil has entered into a new memorandum of understanding (MoU) with the government of Gabon, setting the stage for potential oil and gas exploration off the coast of …

KEY POINTS Africa’s richest man, Aliko Dangote, has revealed plans to double the capacity of his $20 billion oil refinery in Lagos to 1.4 million barrels per day, a move …

KEY POINTS Italian oilfield services giant Saipem has secured a string of new contracts and extensions from energy company Eni, valued at approximately $135 million, reinforcing its position as one …

KEY POINTS The Nigerian National Petroleum Company, NNPCL, has posted a total revenue of N4.27 trillion and a profit after tax of N216 billion for September 2025, underscoring a steady …

KEY POINTS Renaissance Capital has projected that Nigeria could reclaim its long-lost oil production strength, hitting over two million barrels per day (bpd) by 2026 if the government sustains its …