Oluwatosin Racheal Alabi

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC recorded a sharp increase in its financial performance in April 2026, with revenue rising to N4.97 trillion from N2.77 trillion in …

KEY POINTS The Dangote Petroleum Refinery has reduced its gantry price of automotive gas oil (diesel) by N200 per litre, bringing the new rate down from N1,800 to N1,600. The …

KEY POINTS The Federal Capital Territory High Court in Abuja has dismissed a $19.6 million lawsuit filed against the Nigerian National Petroleum Company Limited, NNPC Ltd, by Alternate Dimensions Ventures …

KEY POINTS Shareholders of ExxonMobil have approved the company’s proposal to shift its legal incorporation to Texas, marking a significant corporate decision for one of the world’s largest energy companies. …

KEY POINTS Eskom has commenced construction of a new R1.2 billion 75-megawatt solar power plant at the Lethabo Power Station in the Free State province, marking a major milestone in …

KEY POINTS The prolonged blockade of the Strait of Hormuz has completely reshuffled the global oil order. Satellite imagery analyzed by German business publication WirtschaftsWoche and earth observation firm LiveEO …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has opposed the claims of the Dangote Petroleum Refinery in an ongoing legal dispute at the Federal High Court in Lagos, …

KEY POINTS The Federal High Court sitting in Port Harcourt, Rivers State, has issued a sweeping injunction restraining the Nigerian National Petroleum Company Limited, NNPCL, and all commercial banks operating …

KEY POINTS Shell Nigeria Gas, SNG, has expanded its operations in the Niger Delta through the signing of new Gas Sales and Purchase Agreements (GSPAs) with two companies, Boskel Nigeria …

KEY POINTS Chevron has commenced drilling operations for a new well at the Nargis natural gas field located in Egypt’s Mediterranean offshore basin. The drilling activity marks a new phase …