Oil & Gas

KEY POINTS Dangote Reduces Ex-Depot Petrol PriceDangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS) by N25 per litre, lowering the gantry price from N799 to …

KEY POINTS The Nigerian oil and gas sector has rebounded sharply on the Nigerian Exchange in 2026, climbing more than 31% year-to-date. This performance has outpaced the industrial goods sector, …

KEY POINTS Nigeria’s benchmark oil, Bonny Light, fell below $69 per barrel during the second trading session of the week. The drop in oil prices comes as escalating tensions between …

KEY POINTS Conoil Plc reported its weakest annual profit in five years for 2025, as falling fuel sales, high borrowing costs, and growing short-term debt weighed heavily on the company. …

KEY POINTS Aiteo, one of Africa’s largest privately owned energy companies controlled by Nigerian billionaire Benedict Peters, has secured a rare exploration license in Libya, marking a major milestone both …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has urged international investors to take advantage of opportunities in Nigeria’s forthcoming 2025 petroleum licensing round. Speaking at the Sub-Saharan Africa …

KEY POINTS The President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo, says the old Port Harcourt refinery has reached about 90 percent rehabilitation …

KEY POINTS Chevron, the U.S.-based oil major, and the BP–ENI joint venture, Azule Energy, initially planned a smooth divestment of two mature offshore licences in Angola’s Block 14. However, what …

KEY POINTS The Group Managing Director of NNPC Ltd., Mr. Bayo Ojulari, has reiterated the company’s dedication to strengthening partnerships, developing indigenous capacity, and positioning gas as a central driver …

KEY POINTS Oil marketers have confirmed that the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has resumed issuing petrol and diesel import licences to prevent fuel shortages. The move …