In the News

KEY POINTS ExxonMobil and Turkey’s state-owned oil company, Turkish Petroleum, have signed a memorandum of understanding to work together to look into new oil and gas exploration and development opportunities …

KEY POINTS Shell has agreed to buy stakes in two undeveloped offshore oil blocks in Angola from Chevron, strengthening its position in one of Africa’s most important crude producing nations. …

KEY POINTS As part of getting ready for Nigeria’s 2025 oil and gas licensing round, which is being closely watched by both local and international energy companies, the country’s upstream …

Seplat Energy Plc has named Canaccord Genuity Limited and Peel Hunt LLP as its new joint UK corporate brokers. This shows that more and more people are interested in the …

Wale Tinubu highlighted deals by Femi Otedola and Tony Elumelu, saying the transactions reflect a shift in ownership and capital across Nigeria’s power and oil sectors

Aliko Dangote withdrew his petition against former regulator Ahmed Farouk, but Nigeria’s anti-graft agency says its investigation into the allegations is continuing

Shell warned of a fourth-quarter loss in its chemicals and products unit as margins weakened, even as oil, gas and LNG production stayed within guidance

Ghana’s oil output is climbing after a new Jubilee well added fresh barrels, supporting revenue growth and reinforcing the country’s role in West Africa’s offshore crude market

KEY POINTS Dangote Refinery has warned that Nigeria’s fuel prices could more than double if the country keeps relying on imported petrol instead of refining it at home. This has …

KEY POINTS AA Rano Nigeria, which was started by oil tycoon Auwalu Abdullahi Rano, has opened what it calls Nigeria’s first fully automated and unmanned fuel stations. This could change …