Oil & Gas

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 …

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 …

KEY POINTS A $16 billion oil refinery planned by Nigerian billionaire Aliko Dangote in Kenya is facing a fresh legal challenge after a consumer-rights organisation petitioned a court to halt …

KEY POINTS Libya’s state-owned National Oil Corporation, NOC, has announced that production at the Sharara oil field, the country’s largest oil-producing asset, has risen to more than 340,000 barrels per …

KEY POINTS The Nigerian National Petroleum Company, NNPC, Limited spent N11.2 trillion to protect Nigeria’s oil and gas assets in 2025 on behalf of the federal government, according to its …

KEY POINTS Dangote Petroleum Refinery increased its crude processing significantly in August 2026, strengthening domestic fuel supply and reducing Nigeria’s reliance on imported petroleum products. The 700,000-barrels-per-day refinery recorded average …

KEY POINTS The Nigerian National Petroleum Company Limited has welcomed the $800 million Final Investment Decision for the Ima Gas Project, describing the development as evidence that Nigeria’s upstream gas …

KEY POINTS MRS filling stations have reduced their petrol pump price in Abuja, cutting the cost of Premium Motor Spirit from N1,395 to N1,370 per litre. The N25 per litre …

KEY POINTS A Federal High Court in Abuja has ordered the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, to continue granting petroleum products import licences to Matrix Energy, AA …