In the News

KEY POINTS Officials from the Equatorial Guinea government and representatives of major oil companies, including Chevron, signed a pivotal gas development agreement in the capital, Malabo, on 30 January 2026. …

KEY POINTS Three subsidiaries of the Dangote Group; Dangote Petroleum Refinery, Dangote Fertiliser Plant, and Dangote Cement Plc,announced on Monday that they had signed strengthened gas supply contracts with units …

KEY POINTS Conoil Plc, one of Nigeria’s leading petroleum marketing companies listed on the Nigerian Exchange Limited, has reported a steep drop in profits for the 2025 financial year. The …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, is intensifying efforts to unlock Nigeria’s numerous stranded gas fields, aiming to expand the country’s gas reserves and boost energy security. …

KEY POINTS Nigeria’s liquefied natural gas, LNG, sector is navigating a complex global landscape as the Nigeria LNG, NLNG, company presses ahead with its ambitious Train 7 expansion project, even …

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 The African Development Bank, AfDB, has approved a $3.9 million, two-year project to support Nigeria and 12 other African countries in implementing their National Energy Compacts under the …

KEY POINTS Dangote Petroleum Refinery has reaffirmed its ability to meet and surpass Nigeria’s daily fuel consumption, announcing it can supply up to 75 million litres of Premium Motor Spirit …