Oil & Gas

KEY POINTS The Nigerian National Petroleum Company, NNPC, Limited and partners in the Oil Mining Lease (OML) 118 project have signed key agreements aimed at moving the long-awaited Bonga South …

KEY POINTS Nigeria’s petroleum products trade is undergoing a major shift, with the country exporting significantly more refined products while sharply reducing its dependence on imported fuel. New data from …

KEY POINTS Libya is stepping up efforts to attract fresh investment into its oil and gas industry as the North African country seeks to increase production, expand infrastructure and make …

KEY POINTS The Federal Government has renewed its commitment to reviving oil exploration at the Kolmani Oil Field in Bauchi State, months after activities at the site were halted. The …

KEY POINTS Oil prices stabilised on Tuesday after falling sharply in the previous session, as investors weighed the possible impact of expanded US sanctions on Iran against the risk of …

KEY POINTS Oil prices fell by more than $1 a barrel on Monday as investors took profits following a two-week rally and waited for details of new US sanctions expected …

KEY POINTS Brazilian state-owned oil company Petrobras has taken a major step towards expanding its exploration activities in West Africa after submitting an expression of interest for four offshore exploration …

KEY POINTS The Dangote Petroleum Refinery and Petrochemicals has expanded its free petroleum products delivery programme to Kano, Imo, Anambra and Nasarawa states as part of efforts to reduce distribution …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has reaffirmed its commitment to supporting Shell Nigeria’s operations as the Federal Government intensifies efforts to attract up to $50 billion …

KEY POINTS ExxonMobil has temporarily suspended operations at one of its offshore facilities in Guyana after a fire broke out aboard the Liza Unity floating production, storage and offloading (FPSO) …