In the News

KEY POINTS Nigeria’s petroleum products trade is undergoing a major shift, with the country exporting significantly more refined products while sharply reducing its dependence on imported fuel. New data from …

KEY POINTS Libya is stepping up efforts to attract fresh investment into its oil and gas industry as the North African country seeks to increase production, expand infrastructure and make …

KEY POINTS The Federal Government has renewed its commitment to reviving oil exploration at the Kolmani Oil Field in Bauchi State, months after activities at the site were halted. The …

KEY POINTS Oil prices stabilised on Tuesday after falling sharply in the previous session, as investors weighed the possible impact of expanded US sanctions on Iran against the risk of …

Shell has drawn potential bidders, including ExxonMobil and LyondellBasell, for its US chemical assets, which could fetch up to $8 billion, the FT says.

Germany’s Uniper has signed a 15-year deal to import more than 30 terawatt-hours of gas a year from Norway’s Equinor from 2027.

Southeast Asia’s budget airlines hope the Middle East fuel shock has passed, but face a tough second half as thin margins and weak demand bite.

Norway will keep developing oil and gas in the Barents Sea regardless of the EU’s support for an Arctic drilling moratorium, its energy minister says.

KEY POINTS Tanzania has officially commissioned its largest electricity-generation project, a 2,115-megawatt hydropower plant on the Rufiji River, in a major development expected to transform the country’s power sector, support …

KEY POINTS Oil prices fell by more than $1 a barrel on Monday as investors took profits following a two-week rally and waited for details of new US sanctions expected …