KEY POINTS President Bola Tinubu has announced plans to reform the Nigerian National Petroleum Company (NNPC) and eventually list the state-owned energy company on the capital market as part of …
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In the News
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In the NewsOil & Gas
Dangote Refinery Again Becomes Europe’s Biggest Jet Fuel Supplier, Surpasses US
KEY POINTS The Dangote Petroleum Refinery has once again emerged as Europe’s largest supplier of imported jet fuel, overtaking the United States for the second consecutive month and strengthening Nigeria’s …
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KEY POINTS Oil and gas companies operating in Nigeria remitted a combined $6.755 billion and N1.529 trillion in statutory contributions to the Niger Delta Development Commission between 2021 and 2025, …
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In the News
Niger Delta Youth Leaders Back Ojulari, Urge Tinubu to Reject Calls for NNPC Leadership Change
KEY POINTS Niger Delta youth leaders have thrown their weight behind the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bashir Ojulari, urging President Bola Tinubu to …
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In the NewsMarketsOil & Gas
Nigeria Targets $50bn Offshore Investment as 22 Oil Projects Set for Production by 2030
KEY POINTS Nigeria is targeting up to $50 billion in Offshore Investment by 2030 as the country seeks to revive its oil and gas industry, attract fresh capital and significantly …
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KEY POINTS Eskom has warned that South Africa’s ongoing Grid Reform could weaken the state-owned power utility’s finances and unsettle lenders if the government transfers its transmission assets to a …
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KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has proposed sweeping new regulations aimed at strengthening Fuel Competition and preventing petroleum companies from manipulating prices, restricting supply …
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KEY POINTS Global oil prices climbed on Friday as uncertainty over plans to reopen the Hormuz Strait intensified, with concerns growing that any reopening could involve restrictions, fees and conditions …
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KEY POINTS The Dangote Petroleum Refinery has announced fresh reductions in the ex-depot prices of Premium Motor Spirit (PMS), popularly known as petrol, and Automotive Gas Oil (diesel), in a …
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GovernmentIn the NewsOil & Gas
Sonangol’s Katambi-2 Well Confirms High-Quality Reservoirs, Boosts Angola’s Gas Prospects
KEY POINTS Angola’s state-owned oil company, Sonangol, and the country’s oil and gas regulator have announced promising results from the Katambi-2 offshore appraisal well, with initial testing confirming productive reservoirs …