Oil & Gas

KEY POINTS • Petrol depot prices in Lagos fell across most terminals as competition and supply changes continue to influence Nigeria’s downstream oil market. • Dangote Refinery maintained relative stability …

KEY POINTS • Azule Energy, backed by Eni and bp, has approved the Greater PAJ offshore oil project in Angola following a final investment decision. • The project will combine …

KEY POINTS TotalEnergies Marketing Nigeria Plc has outlined plans to strengthen its operations, expand investments and drive stronger performance in 2026 as part of its long-term growth strategy. The company …

KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has revealed that Dangote Petroleum Refinery relied significantly on imported gasoline blendstock to support its fuel production between January …

KEY POINTS The Oluwo of Iwoland, Oba Abdulrosheed Akanbi, has praised billionaire industrialist Aliko Dangote for his investment in the Dangote Refinery, saying the project helped prevent Nigeria’s economy from …

KEY POINTS Nigeria LNG Limited, NLNG, has announced plans to strengthen its shipping operations with the acquisition of three new liquefied natural gas (LNG) carriers as part of efforts to …

KEY POINTS British energy giant Shell has signed a major agreement with Venezuela to advance the development of the Loran offshore natural gas field, which holds an estimated seven trillion …

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 …