Oil & Gas

At least four Asian refiners bought US crude this week as the blocked Strait of Hormuz forced them to secure alternative supplies beyond the Gulf.

Russian crude made up a record 50.83 percent of India’s oil imports in July, or 2.47 million bpd, even as US tariff threats loom.

KEY POINTS Madagascar has imported a major shipment of diesel to help ease an energy supply crisis that has disrupted fuel availability and placed pressure on electricity and water services …

KEY POINTS Africa Finance Corporation, AFC, has invested in Dangote Petroleum Refinery’s $2.5 billion private placement, deepening its financial relationship with the Nigerian energy company after the full repayment of …

KEY POINTS The Federal Government’s new fiscal incentives for deep offshore oil and gas projects are expected to attract more than $50 billion in fresh investment and help Nigeria significantly …

KEY POINTS ExxonMobil is advancing preparations for the $20 billion Rovuma LNG project in Mozambique, awarding new engineering contracts as the massive gas development moves closer to a final investment …

KEY POINTS Oando Plc recorded a significant improvement in its financial performance in the first half of 2026, reversing a substantial operating loss reported an operating profit of N127.8 billion …

Oil prices rose in volatile trade on Wednesday after attacks on two ships and stalled US-Iran talks renewed worries about Middle East supply disruptions.

KEY POINTS President Bola Tinubu has approved a new regulatory and tax framework for offshore oil and gas projects as Nigeria seeks to attract as much as $50 billion in …

KEY POINTS The Oil & Gas Professionals Forum, OGPF, has accused the Nigerian National Petroleum Company Limited (NNPCL) of avoiding the main issues raised about the recent Marginal Field bid …