In the News

KEY POINTS Global oil prices rose by more than 1% on Thursday, recovering from earlier losses as traders grew increasingly doubtful that ongoing diplomatic efforts between the United States and …

KEY POINTS African energy stakeholders are mobilising an estimated $120 billion to construct six large-scale refineries comparable to the Dangote Petroleum Refinery, in a bold move to shield the continent …

KEY POINTS The Nigerian Senate, through its Public Accounts Committee (PAC), has issued a firm directive to the Nigerian National Petroleum Company Limited, NNPCL, to account for N210 trillion flagged …

KEY POINTS Chevron is advancing its offshore Namibia strategy with plans to drill a new exploration well in Petroleum Exploration Licence (PEL) 90. The move follows the company’s earlier attempt …

KEY POINTS Seplat Energy Plc has made history on the Nigerian Exchange (NGX), becoming the first listed company to record a five-digit share price after closing at N10,450 per share. …

KEY POINTS Algeria has granted BP Plc a new prospecting authorisation in its eastern basin, as the country intensifies efforts to expand hydrocarbon exploration and attract international investment. The approval, …

KEY POINTS Shell Plc is in advanced discussions with Abu Dhabi National Oil Company, ADNOC, over the potential sale of its retail fuel network in South Africa, in a deal …

KEY POINTS Nigeria’s petrol importation rose sharply in March 2026, even as domestic refining capacity remained strong, according to new data released by the Nigerian Midstream and Downstream Petroleum Regulatory …

KEY POINTS Botswana has signed a series of agreements with Oman aimed at strengthening economic ties and reducing its dependence on diamond mining. The deals were finalised during President Duma …

KEY POINTS Nigeria is set to achieve a major milestone in its energy sector as plans are underway to commence natural gas deliveries to Abuja by July 2026 through the …