Oil & Gas

KEY POINTS Seplat Energy has unveiled an ambitious four- to five-year growth strategy aimed at increasing its oil production to 500,000 barrels per day and returning $1 billion in dividends …

KEY POINTS Dangote’s upstream subsidiary, West African Exploration and Production, WAEP, is preparing to launch a major drilling campaign that could cost as much as $800 million as the group …

KEY POINTS Italian energy company Eni has signed a new agreement with Venezuela’s state-owned oil company, PDVSA, to take operatorship of the Junin 5 oil field in the country’s Orinoco …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, recorded a significant decline in revenue in July 2026 as lower crude oil production and operational disruptions affected its financial performance. …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC Ltd, remitted N7.913 trillion in statutory payments to the Federation Account between January and July 2026, even as disruptions across several …

KEY POINTS Shell Offshore, a subsidiary of global energy major Shell, is set to acquire a 30 per cent stake in the Conifer exploration prospect in the Gulf of Mexico …

KEY POINTS More than 150 critical oil and gas projects across Africa have been stalled as investment in the continent’s energy sector continues to decline, raising concerns over energy security, …

KEY POINTS Oil prices remained broadly stable on Wednesday after earlier climbing to their highest levels in more than a month, as traders assessed growing risks to crude supplies from …

KEY POINTS The Dangote Petroleum Refinery has moved to restrict the sale of Premium Motor Spirit (PMS), commonly known as petrol, to six major oil marketers that currently hold active …

KEY POINTS Petrol prices have climbed to as high as N1,350 per litre in parts of Nigeria following a series of increases in the gantry price of Premium Motor Spirit …