In the News

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …