Oil & Gas

KEY POINTS Adura, the joint venture between Shell and Equinor focused on oil and gas assets in the UK North Sea, has secured a $3 billion reserve-based lending facility to …

KEY POINTS The spot premium for Dubai crude has dropped sharply to its lowest level in three weeks after sellers flooded the market with offers while TotalEnergies remained the only …

KEY POINTS Dangote Petroleum Refinery and Petrochemicals has reduced its petrol price, lowering the gantry price to N1,200 per litre and the coastal price to N1,153 per litre. The adjustment …

KEY POINTS The Nigerian National Petroleum Company, NNPC, has said Nigeria is witnessing increased demand for its liquefied natural gas cargoes, as global energy disruptions create new commercial opportunities. The …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has signed Petroleum Exploration Licence No. 5 with SeaSeis Geophysical Limited to advance offshore exploration activities. The agreement authorises the company, …

KEY POINTS The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPC, Bayo Ojulari, has said the company’s collaboration with the Dangote Refinery has strengthened Nigeria’s fuel …

KEY POINTS Oil producers operating in Nigeria are now receiving significantly faster approvals to revive idle wells, as authorities move to boost crude output and strengthen the country’s position in …

KEY POINTS The Dangote Refinery has raised concerns over a major shortfall in crude oil allocations under the Federal Government’s crude-for-naira programme, revealing that it is receiving far fewer shipments …

KEY POINTS The United States has warned the European Union to implement a previously agreed trade deal without amendments or risk losing favourable access to liquefied natural gas, LNG, shipments …

KEY POINTS Kazakhstan and Shell have agreed to strengthen cooperation in the oil and gas sector following talks between Kazakhstan’s Energy Minister Yerlan Akkenzhenov and Shell Chief Executive Officer Wael …