Oil & Gas

KEY POINTS Oil prices fluctuated sharply on Friday, ultimately closing mixed. Brent crude rose slightly to $105.33 per barrel, while U.S. West Texas Intermediate (WTI) fell to $94.40. Despite the …

KEY POINTS Nigeria has officially become a net exporter of gasoline for the first time, marking a major turnaround for a country long dependent on fuel imports despite being a …

KEY POINTS The Nigerian National Petroleum Company Limited has entered into a strategic partnership with Sonatrach, Algeria’s national oil company, to strengthen collaboration in research, development, and innovation within the …

KEY POINTS East African countries are exploring plans to jointly develop a large oil refinery at the port of Tanga in Tanzania, in a move aimed at reducing dependence on …

KEY POINTS Sierra Leone has signed a petroleum licence agreement with Nigeria-based Marginal Energy Limited, granting the company offshore exploration and production rights as part of efforts to revive its …

Nigeria is weighing debt waivers and tax relief for airlines after Jet A1 fuel prices tripled, sparking shutdown threats from domestic operators this month.

KEY POINTS Saipem has secured a $150 million contract from ExxonMobil Guyana to kick off early-stage work on the Longtail offshore development. The limited notice to proceed allows the company …

KEY POINTS The Managing Director/CEO of Aradel Holdings Plc, Gbite Falade, has revealed the company’s ambition to contribute to Nigeria’s oil production target by reaching 2 million barrels per day …

KEY POINTS Dangote Group is accelerating its diversification into high-value petrochemicals, with its refinery in Lekki, Lagos set to commence large-scale production of key industrial chemicals used in plastics and …

KEY POINTS Sahara Group has positioned liquefied petroleum gas, LPG, as the most practical and immediate solution to Africa’s energy access challenges, amid rising global supply disruptions and infrastructure gaps. …