Oil & Gas

Oil prices drifted sideways on Thursday, leaving traders to balance the faint promise of movement on peace talks between Russia and Ukraine against the drag of Western sanctions on Moscow’s …

Nigeria’s domestic gas supply has received a significant boost after the NNPC and Heirs Energies joint venture on OML 17 added 135 million standard cubic feet of gas per day …

KEY POINTS South Africa’s energy regulator has approved a reduction in the maximum price Sasol Gas may charge its customers, trimming the cap by 6 percent for the third quarter …

Nigeria’s petroleum import patterns are undergoing one of their sharpest changes in years, after new data revealed a steep fall in shipments from Malta as domestic refining gradually displaces foreign …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPCL, has reported another year of sharp financial growth, declaring a profit after tax of N5.4 trillion for 2024, more than double …

KEY POINTS TotalEnergies has strengthened its position in Nigeria’s deepwater portfolio after reaching a new agreement with Conoil Producing Limited that shifts ownership across two offshore blocks. The French energy …

KEY POINTS Neconde Energy has turned to the Federal High Court in Abuja in an attempt to stop the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, from permitting a group of …

KEY POINTS Libya’s National Oil Corporation said it is closing in on the last stage of its long-awaited public exploration bid round, marking a pivotal moment for a sector that …

KEY POINTS Nigeria’s state oil company, NNPC, is again under pressure after a fresh audit by the Office of the Auditor-General of the Federation detailed more than N684 million in …

KEY POINTS ExxonMobil has formally resumed work on its long-delayed natural gas project in northern Mozambique, marking its first decisive step back into the troubled region more than four years …