In the News

KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has disclosed that the Dangote Petroleum Refinery accounted for nearly 80 per cent of the petrol consumed in Nigeria …

KEY POINTS Libya’s National Oil Corporation (NOC) has officially ended its partnership with Trasta Energy in the Libyan Emirates Oil Refining Company (LERCO), reclaiming full control of the strategically important …

KEY POINTS Chevron has announced plans to expand its energy investments across the United States as the country experiences growing demand for fuel and electricity. The energy giant said its …

KEY POINTS Global oil prices jumped by more than 3% on Tuesday after renewed tensions between the United States and Iran stalled progress on a proposed peace deal, reigniting fears …

KEY POINTS Africa’s richest man, Aliko Dangote, is targeting a valuation of up to $50 billion for his refinery business ahead of a planned initial public offering (IPO) expected later …

KEY POINTS The Nigerian Employers’ Consultative Association, NECA, has renewed calls for the privatisation of the Port Harcourt and Warri refineries, arguing that decades of government-led rehabilitation efforts, reportedly costing …

KEY POINTS TotalEnergies is preparing to deploy a new floating storage and offloading (FSO) vessel, Adiana, offshore Nigeria by the end of 2027, in a move aimed at sustaining long-term …

Sahara Group managing director Kola Adesina will headline a national summit on decarbonizing Nigeria’s oil and gas sector through regulatory reform and private investment.

Aliko Dangote says he prefers Kenya’s Mombasa port over Tanzania’s Tanga for his proposed $17 billion East African refinery, citing deeper infrastructure and a bigger economy.

Aliko Dangote has held talks with the CEO of Norway’s $1.9 trillion sovereign wealth fund over a potential partnership targeting African energy and agriculture.