Oil & Gas

KEY POINTS The average retail price of Premium Motor Spirit (PMS), popularly known as petrol, increased significantly in May 2026, rising by 55.31 per cent compared to the same period …

KEY POINTS Nigeria’s capital market regulator, the Securities and Exchange Commission, SEC, has ordered the immediate suspension of all promotional and marketing activities relating to a purported Initial Public Offering, …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has called for the adoption of advanced technologies, including drone surveillance systems, to improve monitoring and protection of oil and gas …

KEY POINTS Libya’s National Oil Corporation (NOC) has granted an offshore oil exploration licence to a consortium of international energy companies, marking a significant step in the country’s efforts to …

KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has blamed wholesalers, retailers, supply shortages, and distribution challenges for the continued rise in the price of cooking gas …

KEY POINTS Microsoft and Chevron have announced plans to develop one of the largest natural gas-powered data centre projects in the United States, marking a significant step in addressing the …

KEY POINTS • Petrol depot prices in Lagos fell across most terminals as competition and supply changes continue to influence Nigeria’s downstream oil market. • Dangote Refinery maintained relative stability …

KEY POINTS • Azule Energy, backed by Eni and bp, has approved the Greater PAJ offshore oil project in Angola following a final investment decision. • The project will combine …

KEY POINTS TotalEnergies Marketing Nigeria Plc has outlined plans to strengthen its operations, expand investments and drive stronger performance in 2026 as part of its long-term growth strategy. The company …

KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has revealed that Dangote Petroleum Refinery relied significantly on imported gasoline blendstock to support its fuel production between January …