In the News

KEY POINTS The debate over Nigeria’s continued importation of refined petroleum products has intensified, with Dangote Refinery and petroleum marketers taking opposing positions on whether imports should continue despite the …

Dangote Refinery has warned it may raise petrol exports as imports supplied about 43 percent of Nigeria’s petrol in July, complicating supply planning.

KEY POINTS Dangote Petroleum Refinery and Petrochemicals has raised concerns about the continued importation of Premium Motor Spirit (PMS), commonly known as petrol, despite the growing capacity of domestic refineries …

KEY POINTS The Ogoni Dialogue Committee, ODC, has denied allegations that it influenced the selection of 40 Ogoni people recently offered employment opportunities by the Nigerian National Petroleum Company Limited …

KEY POINTS South Africa’s mining companies are rapidly increasing their investment in renewable energy as they seek to reduce dependence on the country’s state-owned electricity utility, Eskom, lower operating costs …

KEY POINTS ExxonMobil has resumed oil production at its Liza Unity floating production, storage and offloading (FPSO) vessel offshore Guyana after a small fire temporarily halted operations. The incident triggered …

Sinopec chairman Hou Qijun has launched a sweeping overhaul at the world’s largest refiner, splitting it into four profit centres as fuel demand slides.

KEY POINTS South Africa’s only nuclear power station, Koeberg Nuclear Power Station near Cape Town, has been forced to reduce electricity generation after a large buildup of dead sardines blocked …

KEY POINTS The Nigerian National Petroleum Company, NNPC, Limited and partners in the Oil Mining Lease (OML) 118 project have signed key agreements aimed at moving the long-awaited Bonga South …

Oil prices fell further on Tuesday as investors shrugged off the latest US sanctions on Iran, with Brent down 1.0 percent to $91.27 a barrel.