In the News

KEY POINTS Shell and INEOS have confirmed a new oil discovery in the deep waters of the United States Gulf, adding momentum to offshore exploration activity in one of the …

KEY POINTS Conoil Plc moved to reassure its investors this week, announcing a substantial dividend payout following a year of notable financial growth. At the company’s 55th Annual General Meeting …

KEY POINTS The decision by Chevron to remain in Venezuela through years of political turmoil, sanctions and economic collapse is now placing the US oil major at the centre of …

KEY POINTS Dangote Petroleum Refinery is taking its new fuel price directly to the public, launching a hotline for consumers to report MRS retailers charging too much. The company announced …

KEY POINTS South Africa’s national electricity supplier, Eskom, says its power generation system has stabilized and is better prepared to handle holiday demand. The utility points to sustained maintenance and …

KEY POINTS Nigerian indigenous energy producer Heirs Energies has secured a major seven hundred and fifty million dollar financing facility from the African Export-Import Bank. The deal, signed in Abuja …

KEY POINTS In a move set to directly impact the cost of living and transportation nationwide, the Dangote Petroleum Refinery has formally commenced the sale of petrol, known as Premium …

The head of Nigeria’s prominent oil sector union has proposed a middle path for the long-awaited restructuring of the country’s beleaguered state refineries. Festus Osifo, President of the Petroleum and …

KEY POINTS Oil markets shifted higher on Monday as geopolitical tensions injected a fresh dose of uncertainty into a market otherwise weighed down by oversupply concerns. The price rise followed …

KEY POINTS A former contract staff member of the oil giant ExxonMobil James Essien has died from injuries sustained during a physical fight in Eket, Akwa Ibom state. The police …