In the News

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has intensified efforts to boost crude oil supply to the Dangote Petroleum Refinery as global oil prices surge. The move is …

KEY POINTS Global energy company Shell has praised Ardova Plc for its strong market presence and operational excellence in Nigeria’s lubricants sector. The commendation came during the 2025 Shell Macro …

KEY POINTS The government of Qatar has confirmed that Iranian missile strikes caused significant damage to the Ras Laffan Industrial City, the country’s primary gas production hub. Authorities said the …

KEY POINTS Nigeria’s supply of Liquefied Petroleum Gas, LPG, commonly known as cooking gas, fell by 8.5 percent to 4.7 metric tonnes per day in February 2026, down from 5.1 …

KEY POINTS The City of Ekurhuleni has reached an agreement with Eskom to settle its outstanding electricity debt of R3.4 billion. The deal follows concerns that bulk electricity supply to …

KEY POINTS The Dangote Petroleum Refinery has partnered with major fuel marketers to ensure steady nationwide supply and reduce the risks associated with relying on a single source for petroleum …

KEY POINTS South Africa’s power utility, Eskom, will increase electricity tariffs by 8.76% starting April 1, 2026, following approval from the National Energy Regulator of South Africa. The adjustment affects …

KEY POINTS Oil prices fell modestly on Wednesday morning after the American Petroleum Institute (API) reported a significant increase in U.S. crude inventories. Brent crude futures dropped $1.15, or 1.11%, …

KEY POINTS ExxonMobil (NYSE:XOM) has achieved what industry insiders are calling the world’s first fully automated offshore well placement in Guyana, in collaboration with Halliburton and other partners. The project …

KEY POINTS Oil marketers across Nigeria are raising alarm over the mounting pressure on their operations following a sharp increase in petrol pump prices, a situation they attribute to the …