Oluwatosin Racheal Alabi

KEY POINTS Global oil prices rose on Thursday as doubts over the durability of a ceasefire in the Middle East raised concerns that energy shipments through the strategic Strait of …

KEY POINTS National Oil Corporation, NOC, has announced three new oil and gas discoveries in partnership with major energy companies from Italy, Spain, and Algeria, according to statements released by …

KEY POINTS Uruguay’s offshore energy sector has attracted new international players following the entry of QatarEnergy and Chevron into exploration blocks operated by Shell, reinforcing global interest in hydrocarbon development …

KEY POINTS Nigeria’s crude oil production has rebounded significantly, rising from a historic low of 960,000 barrels per day in 2022 to an average of 1.71 million barrels per day, …

KEY POINTS Nigeria’s Dangote Refinery has significantly increased exports of gasoline and urea fertiliser to African countries as supply disruptions triggered by the ongoing Iran war continue to strain energy …

KEY POINTS Nigeria’s oil and gas sector recorded a sense of relief over the weekend after senior staff of Seplat Energy suspended a strike that had threatened to disrupt the …

KEY POINTS The City of Cape Town has announced another step toward reducing its reliance on Eskom as it seeks to shield residents and businesses from rising electricity prices. The …

KEY POINTS Motorists in Zimbabwe were left frustrated after authorities announced a fuel price increase just minutes after the government promised relief by suspending taxes on diesel. The sudden reversal …

KEY POINTS Global oil markets tightened sharply after Donald Trump vowed to intensify attacks on Iran, sending prices for near-term crude deliveries to record premiums over later contracts. Traders rushed …

KEY POINTS Officials of the Dangote Petroleum Refinery have denied reports that the Nigerian National Petroleum Company Limited allocated seven crude oil cargoes to the facility for May, stating that …