Oil & Gas

KEY POINTS Libya’s National Oil Corporation (NOC) has officially ended its partnership with Trasta Energy in the Libyan Emirates Oil Refining Company (LERCO), reclaiming full control of the strategically important …

KEY POINTS Chevron has announced plans to expand its energy investments across the United States as the country experiences growing demand for fuel and electricity. The energy giant said its …

KEY POINTS Global oil prices jumped by more than 3% on Tuesday after renewed tensions between the United States and Iran stalled progress on a proposed peace deal, reigniting fears …

KEY POINTS Africa’s richest man, Aliko Dangote, is targeting a valuation of up to $50 billion for his refinery business ahead of a planned initial public offering (IPO) expected later …

KEY POINTS The Nigerian Employers’ Consultative Association, NECA, has renewed calls for the privatisation of the Port Harcourt and Warri refineries, arguing that decades of government-led rehabilitation efforts, reportedly costing …

KEY POINTS TotalEnergies is preparing to deploy a new floating storage and offloading (FSO) vessel, Adiana, offshore Nigeria by the end of 2027, in a move aimed at sustaining long-term …

KEY POINTS Libya’s National Oil Corporation, NOC, has taken control of the country’s fuel import financing under a new arrangement that significantly reduces the role of the Central Bank of …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has clarified that its recent Memorandum of Understanding (MoU) with two Chinese firms for the rehabilitation of the Port Harcourt and …

KEY POINTS Shell has announced a fresh adjustment in fuel pump prices in the Philippines, reducing the cost of diesel and kerosene while slightly increasing gasoline prices. The company said …

KEY POINTS Libya’s largest operational oil refinery in Zawiya has suspended operations following intense clashes between armed groups near the facility. The National Oil Corporation (NOC) and the Zawiya Refining …