Oil & Gas

KEY POINTS Dangote Petroleum Refinery is considering restricting petrol supplies to major oil marketers that continue to import Premium Motor Spirit (PMS) into Nigeria, amid growing concerns over fuel quality, …

KEY POINTS Seplat Energy Chief Executive Officer, Effiong Okon, has urged independent oil and gas operators in Nigeria to make asset integrity a top priority, warning that ageing infrastructure, poor …

PetroChina’s first-half net profit jumped 22 percent to 103.94 billion yuan on higher oil prices, even as weak Chinese demand pushed fuel sales lower.

Asia’s diesel exports to Africa are set to hit a four-and-a-half-year high in August as buyers replace falling Middle East supply disrupted by shipping risks.

KEY POINTS Chevron Corp. is in talks to expand its operations in Venezuela as the United States moves to strengthen its involvement in the South American country’s oil industry. The …

KEY POINTS Rwanda has thrown its support behind Dangote Industries’ proposed $17 billion oil refinery in Lamu, Kenya, as East Africa seeks to strengthen its petroleum supply network and reduce …

KEY POINTS Energean is in exclusive negotiations to acquire some of BP’s upstream oil and gas assets in Egypt in a deal that could be worth about $1 billion, according …

KEY POINTS The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has called for sustained government policies and increased private-sector investment to expand Nigeria’s domestic refining capacity and …

KEY POINTS Nigeria’s Dangote Refinery is preparing for a potential record-breaking initial public offering, IPO, but investors are increasingly focused on one major challenge: whether the refinery can secure enough …

KEY POINTS The debate over Nigeria’s continued importation of refined petroleum products has intensified, with Dangote Refinery and petroleum marketers taking opposing positions on whether imports should continue despite the …