Oil & Gas

KEY POINTS ExxonMobil has begun winding down its oldest steam cracker on Singapore’s Jurong Island, marking a significant shift in the company’s Asian petrochemicals strategy at a time of persistent …

KEY POINTS Oil prices steadied on Thursday, with traders weighing Ukraine’s latest strike on Russian energy infrastructure against the reality that diplomatic efforts to halt the war appear to have …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has once again found itself under pressure after the Auditor-General raised concerns over more than £14 million reportedly spent on the …

KEY POINTS The African Energy Chamber has sharply criticised the UK government’s decision to pull more than a billion dollars in support from Mozambique’s flagship LNG development, saying the move …

KEY POINTS Oil prices drifted lower on Tuesday as traders stepped back to reassess the fragile mood around the Russia–Ukraine peace track, while fresh signals of rising stockpiles and wider …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has opened the country’s latest oil licensing round, unveiling a fully digital bidding portal in an effort to revive exploration interest …

Libya’s National Oil Corporation, NOC, has begun a fresh review of exploration work in the Murzuq Basin, holding a detailed session with Poland’s PUNA Oil Company as the North African …

KEY POINTS Shell has signalled it is prepared to deepen its spending in Italy’s upstream sector, urging Rome to move ahead with long-pending approvals for fresh drilling that it says …

KEY POINTS BP and Eni’s joint venture in Angola has brought a major gas processing plant into operation in Soyo, marking one of the country’s most significant steps yet in …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPCL, is confronting an increasingly heavy debt burden, with crude-backed loan obligations now estimated at N8.07tn. The figure, drawn from the company’s …