In the News

Venezuela’s oil stockpiles at sea jumped sharply as US enforcement tightened, tankers stalled offshore, and Chinese buyers grew cautious about future crude supplies

Aliko Dangote has filed a fresh petition with the EFCC against ex-NMDPRA chief Farouk Ahmed, escalating corruption allegations after withdrawing a similar ICPC complaint

Levene Energy secured a $64 million Afreximbank facility to back an Axxela-linked gas investment, signaling a strategic move from oil trading into infrastructure

KEY POINTS ExxonMobil and Turkey’s state-owned oil company, Turkish Petroleum, have signed a memorandum of understanding to work together to look into new oil and gas exploration and development opportunities …

KEY POINTS Shell has agreed to buy stakes in two undeveloped offshore oil blocks in Angola from Chevron, strengthening its position in one of Africa’s most important crude producing nations. …

KEY POINTS As part of getting ready for Nigeria’s 2025 oil and gas licensing round, which is being closely watched by both local and international energy companies, the country’s upstream …

Seplat Energy Plc has named Canaccord Genuity Limited and Peel Hunt LLP as its new joint UK corporate brokers. This shows that more and more people are interested in the …

Wale Tinubu highlighted deals by Femi Otedola and Tony Elumelu, saying the transactions reflect a shift in ownership and capital across Nigeria’s power and oil sectors

Aliko Dangote withdrew his petition against former regulator Ahmed Farouk, but Nigeria’s anti-graft agency says its investigation into the allegations is continuing

Shell warned of a fourth-quarter loss in its chemicals and products unit as margins weakened, even as oil, gas and LNG production stayed within guidance