Oil & Gas

KEY POINTS The United States has eased sanctions on Venezuela’s state-owned oil company, Petróleos de Venezuela, in a move aimed at increasing global oil supply. The decision was announced by …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has intensified efforts to boost crude oil supply to the Dangote Petroleum Refinery as global oil prices surge. The move is …

KEY POINTS Global energy company Shell has praised Ardova Plc for its strong market presence and operational excellence in Nigeria’s lubricants sector. The commendation came during the 2025 Shell Macro …

KEY POINTS The government of Qatar has confirmed that Iranian missile strikes caused significant damage to the Ras Laffan Industrial City, the country’s primary gas production hub. Authorities said the …

KEY POINTS Nigeria’s supply of Liquefied Petroleum Gas, LPG, commonly known as cooking gas, fell by 8.5 percent to 4.7 metric tonnes per day in February 2026, down from 5.1 …

KEY POINTS The Dangote Petroleum Refinery has partnered with major fuel marketers to ensure steady nationwide supply and reduce the risks associated with relying on a single source for petroleum …

KEY POINTS South Africa’s power utility, Eskom, will increase electricity tariffs by 8.76% starting April 1, 2026, following approval from the National Energy Regulator of South Africa. The adjustment affects …

KEY POINTS Oil prices fell modestly on Wednesday morning after the American Petroleum Institute (API) reported a significant increase in U.S. crude inventories. Brent crude futures dropped $1.15, or 1.11%, …

KEY POINTS ExxonMobil (NYSE:XOM) has achieved what industry insiders are calling the world’s first fully automated offshore well placement in Guyana, in collaboration with Halliburton and other partners. The project …

KEY POINTS Oil marketers across Nigeria are raising alarm over the mounting pressure on their operations following a sharp increase in petrol pump prices, a situation they attribute to the …