Oil & Gas

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 …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has disclosed that oil producers offered 68.1 million barrels of crude oil to the Dangote Refinery in the second quarter of …

KEY POINTS Construction of the proposed Dangote-backed Lamu oil refinery in Kenya is expected to commence in October 2026, with Africa’s richest man, Aliko Dangote, saying preparations for the ambitious …

KEY POINTS Libya’s Waha Oil Company has contained a leak on the Zaqout-Sidra oil pipeline and restored pumping operations after completing repairs, according to a company statement issued on Saturday. …

KEY POINT Camco Oil Services, a subsidiary of the Edgo Group, has successfully drilled and completed a re-entry horizontal well in Libya’s Sarir oil field in partnership with the Arabian …

KEY POINTS The Nigerian National Petroleum Company Limited (NNPC Ltd.) has dismissed allegations of poor performance and impropriety levelled against its management, insisting that available production figures show measurable improvements …

KEY POINTS The Pipeline Infrastructure Nigeria Limited, PINL, has disclosed that the Nigerian National Petroleum Corporation, NNPC, secured more than $20 billion in gas sale and purchase agreements over the …