In the News

KEY POINTS Investor confidence in local oil producers has received a notable lift following an endorsement from Shell Western Supply and Trading, which praised Petralon Energy for its operational performance …

Customs hand over petrol worth N40.7 million to NMDPRA after intercepting 1,650 jerrycans and three tankers in Lagos border raids.

KEY POINTS Ugwumba Uche Nwosu has praised President Bola Ahmed Tinubu for approving a new directive requiring the Nigerian National Petroleum Company Limited, NNPC, to remit its revenues directly into …

KEY POINTS The National Energy Regulator of South Africa, NERSA, has issued a multi-year electricity trading licence to BluEnergy Trading, a subsidiary of Blu Label Unlimited, enabling the company to …

President Abdelmadjid Tebboune has confirmed that construction of the long-delayed trans-Saharan gas pipeline linking West Africa to Europe will resume after Ramadan, signaling renewed cooperation between Algeria and Niger following …

KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has convened a stakeholders’ forum with gas retailers and operators aimed at strengthening safety standards and enforcing compliance across …

KEY POINTS A senior executive of ExxonMobil says the pace of future investment in Guyana’s natural gas sector will depend largely on how efficiently government bureaucracy functions and whether a …

KEY POINTS Oil prices edged lower after Iran signaled progress in nuclear talks with the United States, easing fears of military conflict. Analysts stress that short-term price swings rarely define …

KEY POINTS President Bola Tinubu has signed a new executive order directing that proceeds from Nigeria’s oil and gas operations be paid directly into the Federation Account, in a sweeping …