Oil & Gas

KEY POINTS Italian energy company Eni S.p.A. has announced a significant offshore gas discovery in Libya, estimated at more than one trillion cubic feet (Tcf). The newly discovered reserves are …

KEY POINTS Dangote Refinery has announced another upward review of its petrol pricing, raising the gantry price of Premium Motor Spirit (PMS) from ₦1,175 to ₦1,245 per litre, a ₦70 …

KEY POINTS Chevron has agreed to sell its stakes in two offshore oil blocks in Angola to Energean in a deal valued at $260 million, marking another step in the …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has commenced an investigation into a gas bubbling incident reported in the Bille community of Rivers State, raising concerns over public …

KEY POINTS Nigeria is grappling with the fallout of a fresh global oil shock as crude prices climb above $100 per barrel, intensifying fears of stagflation across major economies. The …

KEY POINTS Energy economist Wumi Iledare has urged the Federal Government to focus on ensuring steady fuel supply rather than controlling prices, warning that global oil disruption, sespecially from the …

KEY POINTS The United States has eased sanctions on Venezuela’s state-owned oil company, Petróleos de Venezuela, in a move aimed at increasing global oil supply. The decision was announced by …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has intensified efforts to boost crude oil supply to the Dangote Petroleum Refinery as global oil prices surge. The move is …

KEY POINTS Global energy company Shell has praised Ardova Plc for its strong market presence and operational excellence in Nigeria’s lubricants sector. The commendation came during the 2025 Shell Macro …

KEY POINTS The government of Qatar has confirmed that Iranian missile strikes caused significant damage to the Ras Laffan Industrial City, the country’s primary gas production hub. Authorities said the …