In the News

KEY POINTS Petralon Energy, an indigenous oil exploration and production company, has appointed Uduak Equere as Executive Director, effective January 5, 2026, marking a key leadership move after a year …

KEY POINTS As competition in the downstream oil market intensifies, the Nigerian National Petroleum Company Limited, NNPC, has once again reduced the price of fuel at its retail locations by …

KEY POINTS Nigerian billionaire Femi Otedola has sold his majority stake in Geregu Power Plc, one of the country’s main electricity generators, in a deal valued at $750 million. The …

KEY POINTS President Bola Tinubu has approved the cancellation of massive legacy debts owed by the Nigerian National Petroleum Company Limited, NNPC, to the country’s central treasury. The debts, totaling …

KEY POINTS Tankers moving crude oil by Chevron under a specific US license have successfully delivered Venezuelan cargoes to American ports in recent days, even as the government enforces a …

KEY POINTS ExxonMobil Corp.’s stock closed at a new 52-week high on Monday, reaching $120.82 per share. The milestone caps a year in which the energy giant’s shares have climbed …

KEY POINTS Oil prices moved higher on Monday as investors digested the outcome of talks between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy, while keeping a close eye …

KEY POINTS Libya’s Waha Oil Company says it has brought two new gas wells into operation at its Farigh field, marking a modest but important boost to the country’s natural …

KEY POINTS Severe weather sweeping across South Africa during the festive season is hampering the efforts of ESKOM to restore electricity, with flooding and damaged infrastructure complicating access to affected …

KEY POINTS Nigeria’s National Petroleum Company Limited, NNPCL, reported strong gains in 2025, with crude oil and gas production rising above expectations, officials said. Group Chief Executive Officer Bayo Ojulari …