Oil & Gas

KEY POINTS Fresh pressure is building on petrol prices in Nigeria after the estimated landing cost of petrol rose to ₦1,311.36 per litre, exceeding the current ₦1,265 per litre gantry …

KEY POINTS Eni Ghana and Vitol Upstream Tano Limited have moved closer to securing final petroleum agreements for two offshore blocks in Ghana’s Tano Basin after signing Memoranda of Understanding …

KEY POINTS Ogoni diaspora organisations, youth groups and civil society groups have rejected plans to resume oil exploration in Ogoniland, insisting that Shell must first withdraw its proposed divestment of …

KEY POINTS CardinalStone Research has projected that Dangote Petroleum Refinery and Petrochemicals could achieve a market capitalisation of N77.7 trillion if its planned public listing performs in line with the …

KEY POINTS Angola has announced a new oil discovery in the country’s mature offshore Block 15, raising hopes of additional production from an area that has already delivered billions of …

KEY POINTS Shell Lubricants Egypt has entered into a partnership with TAQA Petroleum to expand the availability of its lubricants, coolants and transmission fluids across TAQA Petroleum’s network of service …

KEY POINTS ExxonMobil is set to take over operatorship of the Papua LNG project in Papua New Guinea from TotalEnergies as part of a broader restructuring aimed at streamlining the …

KEY POINTS Italian energy company Eni and Venezuela’s state-owned oil giant PDVSA have signed a 25-year hydrocarbons participation contract covering the development of the giant Junín 5 heavy oil field …

KEY POINTS The Dangote Petroleum Refinery is targeting expansion that would make it the largest refinery in the world by 2028, according to Dangote Group President and Chief Executive Officer, …

KEY POINTS Brazil’s environmental regulator, Ibama, has approved Petrobras request to drill three additional wells in the Foz do Amazonas Basin, subject to a series of environmental and operational conditions. …