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 …
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In the News
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KEY POINTS A major gas facility in the United Arab Emirates has been engulfed in flames following a drone strike on Tuesday, intensifying fears over tightening global energy supplies and …
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In the NewsOil & Gas
NUPRC Shortlists Bidders for 2025 Oil Blocks, Advances to Competitive Licensing Phase
KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has officially shortlisted bidders for Nigeria’s 2025 oil and gas licensing round, marking a critical transition from pre-qualification screening to the …
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In the NewsOil & Gas
Fuel Prices Surge Nationwide as Dangote-Linked MRS Raises Pump Price to N1,267/Litre
KEY POINTS Dangote Refinery-backed MRS Oil Nigeria Plc has raised its fuel pump price across the country following a recent increase in gantry price by Dangote Refinery. The refinery last …
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KEY POINTS The Nigerian Senate has officially confirmed former Rivers South-East senator, Magnus Abe, as the Chairman of the Board of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Abe’s confirmation …
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In the News
Chevron Appoints Emmanuelle Garinet to Lead Exploration Across Sub-Saharan Africa and the Americas
KEY POINTS Chevron has appointed Emmanuelle Garinet as Director of Exploration for the Americas and Sub-Saharan Africa, placing one of the upstream oil sector’s most experienced exploration leaders in a …
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KEY POINTS South Africa’s state-owned power utility, Eskom, has announced the implementation of new electricity tariffs for the 2026/27 financial year following approval from the National Energy Regulator of South …
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In the NewsOil & Gas
Eni Makes Major Offshore Gas Discoveries in Libya, Boosting Supply Prospects for Europe
KEY POINTS Italian energy giant Eni has announced two significant offshore natural gas discoveries in Libya, reinforcing the country’s position as a key supplier in the Mediterranean energy market. The …
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KEY POINTS Importers across the Gulf region are racing to find alternative supply routes following the effective shutdown of the Strait of Hormuz, a vital maritime corridor that supports the …
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KEY POINTS Nigeria imported petrol valued at N84.69 billion from Togo in the fourth quarter of 2025, according to newly released foreign trade statistics by the National Bureau of Statistics …