Oil & Gas

KEY POINTS Italian energy company Eni has pledged to invest approximately £11 billion in the United Kingdom between 2026 and 2030, with about two-thirds of the funding expected to go …

KEY POINTS Marketers operating under Dangote Refinery’s consortium have reduced their petrol gantry price by ₦25 to ₦1,215 per litre, marking another adjustment in Nigeria’s downstream petroleum market. The new …

KEY POINTS US energy company Chevron has agreed to transfer a 25% non-operated interest in an offshore oil exploration licence in Namibia to QatarEnergy, expanding the Middle Eastern company’s participation …

KEY POINTS Libya’s state-owned National Oil Corporation (NOC) has held discussions with an international consortium led by Spain’s Repsol, Turkey’s TPAO and Hungary’s MOL over plans to begin oil exploration …

KEY POINTS Nigeria’s upstream oil regulator has approved 145 new well-drilling operations, 595 well re-entries and 39 field development plans so far in 2026 as the country steps up efforts …

Thirty-one laden LNG tankers left the Strait of Hormuz in October, the most since the Iran war began, tracking data from S&P Global shows.

KEY POINTS American oil major ExxonMobil has signed a memorandum of understanding (MoU) with Venezuela’s state-owned oil company, Petróleos de Venezuela (PDVSA), to assess potential investment opportunities in the country’s …

Brent crude is on track for a 16% weekly loss, its steepest since 2020, as U.S. midterm results raise hopes of an Iran war de-escalation.

KEY POINTS STAK Energy has signed a 15-year natural gas supply agreement with ExxonMobil Alaska Production to provide fuel for a nearly 3-gigawatt (GW) off-grid power campus planned for Alaska’s …

KEY POINTS The Nigerian National Petroleum Company, NNPC, Limited is seeking to attract fresh foreign investment into Nigeria’s oil and gas industry by showcasing opportunities across the upstream, midstream and …