In the News

KEY POINTS The average price of petrol in Nigeria surged to ₦1,037.66 per litre in June, up nearly 40% from a year earlier, as government deregulation continues to ripple through …

KEY POINTS ExxonMobil is preparing to ink a conditional deal for offshore gas exploration in Libya, according to a statement by the U.S.  Embassy in Tripoli—potentially signaling the American energy …

KEY POINTS Hill International, a U.S.-based construction management firm, has secured a $235 million contract to oversee a long-delayed offshore development in Libya, as the war-battered North African nation tries …

KEY POINTS Petrol importers in Nigeria have significantly slashed prices below the rates offered by the Dangote Petroleum Refinery, setting off a fierce price battle that is reshaping the dynamics …

KEY POINTS Egypt is poised to significantly boost its liquefied natural gas, LNG, imports through the end of the decade as domestic production fails to keep pace with soaring demand, …

KEY POINTS Dangote Petroleum Refinery and Petrochemicals has withdrawn its high-profile lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian National Petroleum Company Limited (NNPC Ltd), …

KEY POINTS Senegal’s government is ramping up diplomatic efforts to gain full and observer membership in the Organisation of Petroleum Exporting Countries, OPEC, aiming to elevate its status as a …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPCL, through its subsidiary NNPC Gas Marketing Limited (NGML), has announced a strategic joint venture with Zuid Energies Limited to develop major …

KEY POINTS The Federal Government of Nigeria has reiterated its strategic ambition to position the country as the dominant hub for refined petroleum products across West Africa. This was disclosed …

Minister Lokpobiri calls for African nations to unite against energy poverty and announces the creation of the African Energy Bank