Oil & Gas

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 …

KEY POINTS British energy giant Shell has temporarily halted its $3 billion share buyback programme as it prepares for a crucial shareholder vote related to its proposed acquisition of Canadian …

KEY POINTS Libya’s National Oil Corporation (NOC) has intensified efforts to increase the country’s crude oil production by partnering with global oilfield services company SLB to develop its marginal oil …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has stepped up collaboration with security agencies to combat rising cases of pipeline vandalism and protect critical oil and gas infrastructure …

KEY POINTS Dangote Petroleum Refinery is moving to strengthen its balance sheet and accelerate its long-term expansion plans by raising about $1 billion through a private debt placement. The fundraising …