Oil & Gas

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 …

KEY POINTS MRS Oil Nigeria Plc announced a sharp increase in petrol prices at its retail outlets, raising the cost of Premium Motor Spirit to nearly N975 per litre. The …

KEY POINTS The International Monetary Fund, IMF, said Tuesday it is closely monitoring the unfolding turmoil in the Middle East, pointing to disruptions in trade, rising energy prices and growing …

KEY POINTS Oil marketers in Nigeria, PETROAN, are raising fresh concerns that the escalating military confrontation involving the United States, Iran and Israel could soon hit home in the form …

KEY POINTS The shutdown of Leviathan, Israel’s largest offshore gas field, marks the second time in less than a year that fighting with Iran has knocked out a critical artery …

KEY POINTS Zambia has been talking about these pipelines for years. Now President Hakainde Hichilema‘s government has finally pulled the trigger on both of them. Cabinet has approved construction of …

KEY POINTS Global energy markets were thrown into fresh turmoil on Monday after QatarEnergy announced it had stopped producing liquefied natural gas (LNG) following drone attacks linked to Iran. The …

KEY POINTS Fresh attacks across the Middle East have forced the shutdown of key oil and gas facilities in Qatar, Saudi Arabia, Iraq, and Israel, sending shockwaves through global energy …

KEY POINTS OPEC, the coalition of major oil-producing nations including Saudi Arabia and Russia, has agreed to raise oil production by 547,000 barrels per day starting September 2026. This decision …