In the News

KEY POINTS Energean is in exclusive negotiations to acquire some of BP’s upstream oil and gas assets in Egypt in a deal that could be worth about $1 billion, according …

KEY POINTS The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has called for sustained government policies and increased private-sector investment to expand Nigeria’s domestic refining capacity and …

KEY POINTS Shares in Italian energy giant Eni fell for the fifth consecutive trading session on Thursday as investors remained concerned about the possibility of a new windfall tax on …

KEY POINTS South Africa’s power utility Eskom has safely taken Unit 1 of the Koeberg Nuclear Power Station offline following a turbine trip early Thursday morning. Eskom said the unit …

KEY POINTS Nigeria’s Dangote Refinery is preparing for a potential record-breaking initial public offering, IPO, but investors are increasingly focused on one major challenge: whether the refinery can secure enough …

KEY POINTS Egypt has launched a week-long promotional campaign in Nigeria as it seeks to attract more Nigerian students to its universities and expand its education services across Africa. The …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has set the first quarter of 2027 as the new deadline for completing its proposed 10-storey headquarters, known as The Barrel, …

KEY POINTS The debate over Nigeria’s continued importation of refined petroleum products has intensified, with Dangote Refinery and petroleum marketers taking opposing positions on whether imports should continue despite the …

Dangote Refinery has warned it may raise petrol exports as imports supplied about 43 percent of Nigeria’s petrol in July, complicating supply planning.

KEY POINTS Dangote Petroleum Refinery and Petrochemicals has raised concerns about the continued importation of Premium Motor Spirit (PMS), commonly known as petrol, despite the growing capacity of domestic refineries …