In the News

KEY POINTS The Dangote Petroleum Refinery has reinforced Nigeria’s position in Africa’s energy market after exporting 456,000 tonnes of refined petroleum products through 12 cargoes handled by international traders. The …

KEY POINTS Nigeria continues to maintain one of the lowest fuel prices globally despite recent increases linked to geopolitical tensions in the Middle East. Data from GlobalPetrolPrices.com shows fuel in …

KEY POINTS Iran has warned it could shut the Strait of Hormuz indefinitely if the United States carries out threats to attack its power infrastructure. The warning followed a 48-hour …

KEY POINTS A major blackout has hit several parts of Lagos State following a fire outbreak along the Lekki-Epe Expressway, the Eko Electricity Distribution Company, EKEDC, has confirmed. The blackout …

KEY POINTS Italian energy company Eni S.p.A. has announced a significant offshore gas discovery in Libya, estimated at more than one trillion cubic feet (Tcf). The newly discovered reserves are …

KEY POINTS Shares of Chevron have pushed the company’s market capitalization above $400 billion for the first time, placing the oil major among the 20 most valuable publicly traded companies …

KEY POINTS Dangote Refinery has announced another upward review of its petrol pricing, raising the gantry price of Premium Motor Spirit (PMS) from ₦1,175 to ₦1,245 per litre, a ₦70 …

KEY POINTS Nigeria’s Minister of Power, Adebayo Adelabu, has assured citizens that improvements in electricity supply are on the horizon, despite the ongoing crisis crippling the sector. Speaking in a …

KEY POINTS Qatar has confirmed that one of the two production trains at Shell’s Pearl gas-to-liquids (GTL) plant will remain offline for at least one year after sustaining damage from …

KEY POINTS Chevron has agreed to sell its stakes in two offshore oil blocks in Angola to Energean in a deal valued at $260 million, marking another step in the …