In the News

KEY POINTS A weeks-long outage at a major Australian liquefied natural gas, LNG, export facility is set to further tighten an already strained global supply market, following recent disruptions in …

KEY POINTS Oil prices jumped sharply on Monday as tensions intensified in the ongoing US-Israel war with Iran. Brent crude, the global benchmark, rose more than 3 percent to trade …

KEY POINTS President Bola Tinubu has approved the expansion of the Presidential Initiative on Compressed Natural Gas, PiCNG, to include electric vehicles as part of efforts to promote affordable and …

KEY POINTS Dangote Petroleum Refinery and Petrochemicals has dismissed reports suggesting it is planning an Initial Public Offering, stating that the information currently circulating in the media and across social …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has announced plans to significantly increase Nigeria’s proven gas reserves from about 210 trillion cubic feet to approximately 600 trillion cubic …

KEY POINTS The Nigerian Navy has uncovered and dismantled an active illegal refining site in Allison Community, Bonny Local Government Area of Rivers State, recovering more than 20,000 litres of …

KEY POINTS Adura, the joint venture between Shell and Equinor focused on oil and gas assets in the UK North Sea, has secured a $3 billion reserve-based lending facility to …

KEY POINTS The spot premium for Dubai crude has dropped sharply to its lowest level in three weeks after sellers flooded the market with offers while TotalEnergies remained the only …

KEY POINTS Dangote Petroleum Refinery and Petrochemicals has reduced its petrol price, lowering the gantry price to N1,200 per litre and the coastal price to N1,153 per litre. The adjustment …

KEY POINTS City Power and Eskom technical teams are continuing repair work in Roodepoort after a major electricity outage left nearly half of the area without power. The teams worked …