Oil & Gas

KEY POINTS Global crude oil prices fell sharply on Monday, dropping to about $82 per barrel after the United States, Israel, and Iran reportedly reached an agreement to end months …

KEY POINTS Dangote Petroleum Refinery has announced a reduction in its petrol gantry price to ₦1,175 per litre, marking a fresh adjustment in Nigeria’s downstream petroleum market. The development represents …

KEY POINTS Global oil prices plunged on Monday after the United States and Iran announced that they had reached an initial agreement aimed at ending their conflict and restoring maritime …

KEY POINTS British energy giant Shell has temporarily halted its $3 billion share buyback programme as it prepares for a crucial shareholder vote related to its proposed acquisition of Canadian …

KEY POINTS Libya’s National Oil Corporation (NOC) has intensified efforts to increase the country’s crude oil production by partnering with global oilfield services company SLB to develop its marginal oil …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has stepped up collaboration with security agencies to combat rising cases of pipeline vandalism and protect critical oil and gas infrastructure …

KEY POINTS Dangote Petroleum Refinery is moving to strengthen its balance sheet and accelerate its long-term expansion plans by raising about $1 billion through a private debt placement. The fundraising …

KEY POINTS Nigeria’s crude oil production rose to an average of 1.53 million barrels per day (bpd) in May 2026, marking a 2.8% increase from April’s 1.489 million bpd, according …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has announced Friday, June 12, 2026, as the deadline for submission of technical and commercial bids by prequalified applicants participating in …

KEY POINTS South Africa’s state-owned power utility, Eskom, has launched a dedicated unit known as Eskom Green to accelerate the development of large-scale renewable energy projects. The initiative is designed …