Oil & Gas

KEY POINTS President Bola Tinubu on Thursday announced the successful conclusion of a landmark settlement between the Federal Government of Nigeria, ENI, and Nigerian Agip Exploration Limited (NAEL) over the …

KEY POINTS Dangote Petroleum Refinery and Petrochemicals has reassured Nigerians that it will continue to maintain a steady supply of petrol despite recent disruptions in the global oil market. The …

KEY POINTS Global oil prices rose sharply on Tuesday as escalating tensions in the Middle East raised concerns about a prolonged conflict and the potential disruption of global energy supply. …

KEY POINTS Oando Energy Resources has reaffirmed its support for Nigeria’s indigenous oil producers as local firms continue to take on a greater role in the country’s upstream sector. The …

KEY POINTS Seplat Energy Plc has restarted production from 49 dormant oil wells acquired from ExxonMobil, unlocking fresh output and signalling a new phase of growth for the Nigerian independent …

KEY POINTS Nigeria’s Dangote Refinery has restarted one of its most important processing units and is now operating it at about 90 percent of its capacity, marking a significant step …

KEY POINTS Motorists across Nigeria are facing another surge in petrol prices after the Nigerian National Petroleum Company Limited, NNPC, increased pump prices at its retail outlets. The national oil …

KEY POINTS Nigeria can unlock large scale industrial growth through its vast natural gas reserves if it fixes long standing problems around regulation, pricing and infrastructure, a senior Shell executive …

KEY POINTS Oando Energy Resources has reaffirmed its commitment to Nigeria’s indigenous upstream oil and gas sector, following a strategic visit by Adegbite Falade, Chairman of the Independent Petroleum Producers …

KEY POINTS • Iraq has sharply cut oil production because the Strait of Hormuz closure has stopped exports and tankers from reaching ports.• Major oilfields including Rumaila, West Qurna 2 …