In the News

KEY POINTS Kenyan investors will be able to participate in Dangote Petroleum Refinery’s initial public offering, IPO, after the country’s capital markets regulator approved arrangements allowing eligible citizens to access …

KEY POINTS Nigeria’s state-owned oil company, NNPC Ltd, has revived plans to develop the Olokola Liquefied Natural Gas (OKLNG) project in Ogun State, reopening discussions on a major export terminal …

KEY POINTS The Dangote Petroleum Refinery and Petrochemicals FZE initial public offering, IPO, has attracted strong interest from Nigerians, with investors welcoming the opportunity to become part-owners of one of …

KEY POINTS Former Vice-President Atiku Abubakar has called on President Bola Tinubu’s administration to provide a detailed account of the N11.2 trillion in receivables recorded by the Nigerian National Petroleum …

KEY POINTS ExxonMobil is seeking to unlock more value from Nigeria’s deepwater oil and gas resources through advanced technology, integrated workflows and stronger collaboration across the industry. The American energy …

KEY POINTS The Anambra State Government is planning to establish a modular refinery as part of efforts to expand liquefied petroleum gas, LPG, production and attract fresh investment into the …

Tony Elumelu’s Heirs Energies bought 6 million Seplat shares for about £53 million, lifting the group’s combined stake in the oil producer to 21.07%.

Nigeria’s electricity distributors collected N603.64 billion in the second quarter, but a 3.4% drop in power offtake and heavy losses show deep strain.

Iran says the Strait of Hormuz will stay shut until the United States meets seven conditions, leaving oil above $100 and energy markets anxious

KEY POINTS Chevron has agreed to acquire a 10% stake in an offshore exploration licence in Namibia’s Orange Basin from Custos Energy for $11 million, strengthening its position in one …