In the News

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 …

KEY POINTS The Socio-Economic Rights and Accountability Project, SERAP, has filed a lawsuit against the Nigerian National Petroleum Company Limited, NNPCL, over its alleged failure to account for N22.3 billion, …

KEY POINTS International oil benchmarks surged past $70 per barrel this week, with Brent crude reaching $70.71 and US West Texas Intermediate hitting $65.42. By Friday, prices climbed further to …

KEY POINTS Petroleum marketers, industry experts, and unions in Nigeria’s downstream sector have raised concerns over what they describe as persistent price instability and uncertainty in the supply, distribution, and …

KEY POINTS Libya’s National Oil Corporation, NOC, has signed a strategic memorandum of understanding (MoU) with Hungary’s MOL Group to explore new areas of cooperation in the oil and gas …

KEY POINTS ExxonMobil has reported a decline in its fourth-quarter earnings, blaming weaker crude oil prices for offsetting gains recorded from higher production volumes. The US energy giant posted profits …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC Ltd, has launched its Gas Master Plan 2026 (NGMP 2026), a new roadmap aimed at repositioning Nigeria’s gas industry as a …