Oil & Gas

KEY POINTS Libya’s National Oil Corporation, NOC, has taken control of the country’s fuel import financing under a new arrangement that significantly reduces the role of the Central Bank of …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has clarified that its recent Memorandum of Understanding (MoU) with two Chinese firms for the rehabilitation of the Port Harcourt and …

KEY POINTS Shell has announced a fresh adjustment in fuel pump prices in the Philippines, reducing the cost of diesel and kerosene while slightly increasing gasoline prices. The company said …

KEY POINTS Libya’s largest operational oil refinery in Zawiya has suspended operations following intense clashes between armed groups near the facility. The National Oil Corporation (NOC) and the Zawiya Refining …

KEY POINTS Africa’s richest man, Aliko Dangote, has revealed plans to build a 650,000-barrel-per-day oil refinery in Kenya, with Mombasa County identified as his preferred location for the massive investment. …

KEY POINTS The Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has praised the Federal Government and the Nigerian National Petroleum Company Limited, NNPC Ltd., over a new partnership …

KEY POINTS Dangote Refinery has increased the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, from ₦1,275 to ₦1,350 per litre. The latest adjustment represents about a …

KEY POINTS Shell has reported a strong financial performance, posting adjusted profits of $6.92 billion for the first quarter of 2026, marking its highest quarterly profit in two years. The …

KEY POINTS A coalition of oil sector reform advocates, the Centre for Energy Sector Transparency, has criticised the latest agreement between the Nigerian National Petroleum Company Limited, NNPC Ltd, and …

KEY POINTS Nigeria’s crude oil producers delivered less than half of the volumes allocated to domestic refineries in the first quarter of 2026, raising concerns about the country’s refining ambitions. …