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In the News

  • In the News

    Dangote Refinery Strike Cuts Nigeria’s Oil Output by 600,000 Barrels

    by Ikeoluwa Juliana Ogungbangbe October 7, 2025
    by Ikeoluwa Juliana Ogungbangbe October 7, 2025

    A three-day strike at the Dangote Refinery halted output, costing Nigeria 600,000 barrels of oil and exposing growing labor tensions in the industry

  • In the NewsOil & Gas

    ExxonMobil Eyes South Africa LNG Market Amid Looming 2027 Gas Shortfall

    by Oluwatosin Racheal Alabi October 7, 2025
    by Oluwatosin Racheal Alabi October 7, 2025

    KEY POINTS ExxonMobil Corp. is advancing plans to begin importing liquefied natural gas, LNG, into South Africa, marking a significant step toward establishing the country as a future gas hub …

  • In the News

    Cooking Gas Prices Hold Steady in Abuja Despite Lagos Surge

    by Oluwatosin Racheal Alabi October 7, 2025
    by Oluwatosin Racheal Alabi October 7, 2025

    KEY POINTS Cooking gas prices in Nigeria’s capital city have held steady even as consumers in Lagos and other regions battle rising costs following last week’s supply disruptions. A market …

  • In the NewsOil & Gas

    Fuel Prices Surge Past ₦900 in Abuja as Strike Disrupts Supply

    by Oluwatosin Racheal Alabi October 7, 2025
    by Oluwatosin Racheal Alabi October 7, 2025

    KEY POINTS Nigerians faced yet another hike in fuel prices on Monday as petrol costs soared above ₦900 per litre across filling stations in Abuja, deepening public frustration over rising …

  • In the NewsMarketsOil & Gas

    Oil Gains as OPEC+ Keeps November Output Hike Below Expectations

    by Oluwatosin Racheal Alabi October 6, 2025
    by Oluwatosin Racheal Alabi October 6, 2025

    KEY POINTS Oil prices edged higher on Monday after OPEC+ opted for a smaller-than-expected output hike for November, calming worries of a sharp supply influx but leaving markets cautious about …

  • In the News

    ExxonMobil to Cut 2,000 Jobs Globally in Cost-Saving Restructure

    by Oluwatosin Racheal Alabi October 6, 2025
    by Oluwatosin Racheal Alabi October 6, 2025

    KEY POINTS ExxonMobil Corp. plans to slash roughly 2,000 jobs worldwide — about 3% to 4% of its total workforce — in the latest phase of a sweeping restructuring aimed …

  • In the NewsMarkets

    Cooking Gas Prices Soar to Record ₦25,000 as Supply Crisis Deepens Across Nigeria

    by Oluwatosin Racheal Alabi October 6, 2025
    by Oluwatosin Racheal Alabi October 6, 2025

    KEY POINTS Nigerian households are reeling under a worsening shortage of cooking gas as the price of a 12.5-kilogram cylinder of Liquefied Petroleum Gas (LPG) has climbed to ₦25,000 this …

  • In the News

    Sumitomo Wins Singapore Grant to Develop Ammonia Fuel

    by Ikeoluwa Juliana Ogungbangbe October 6, 2025
    by Ikeoluwa Juliana Ogungbangbe October 6, 2025

    Sumitomo wins Singapore grant to develop ammonia as marine fuel, advancing clean shipping goals and supporting Singapore’s low-carbon maritime ambitions

  • In the News

    Sahara Group Targets 350,000 Bpd Oil Output

    by Ikeoluwa Juliana Ogungbangbe October 6, 2025
    by Ikeoluwa Juliana Ogungbangbe October 6, 2025

    Sahara Group plans to boost oil output to 350,000 barrels daily by 2030, driven by new rigs and expansion in Nigeria

  • In the News

    QatarEnergy Buys 27% Interest Stake in Egypt’s Offshore Block

    by Ikeoluwa Juliana Ogungbangbe October 6, 2025
    by Ikeoluwa Juliana Ogungbangbe October 6, 2025

    QatarEnergy secures 27% stake in Egypt’s North Cleopatra offshore block, expanding its role in the country’s fast-growing energy sector

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  • NNPCL Reports N4.27 Trillion Revenue, N216 Billion Profit in September
  • Nigeria Poised for Oil Output Revival as Renaissance Capital Sees 2 Million Barrels a Day by 2026
  • Eskom Eases Solar Rules to Cut Costs and Encourage Clean Energy Adoption
  • Namadi Joins Regional Push for Clean Energy at Morocco Power Summit

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Editors' Picks

Nigeria’s Oil Boom: Record Production in September 2023

Saipem Wins $135 Million in Fresh Drilling Contracts and Extensions from Eni
NNPCL Reports N4.27 Trillion Revenue, N216 Billion Profit in September

Latest Stories

Saipem Wins $135 Million in Fresh Drilling Contracts and...
NNPCL Reports N4.27 Trillion Revenue, N216 Billion Profit in...
Nigeria Poised for Oil Output Revival as Renaissance Capital...

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