Oil & Gas

KEY POINTS Oando Energy Resources has reaffirmed its support for Nigeria’s indigenous oil producers as local firms continue to take on a greater role in the country’s upstream sector. The …

KEY POINTS Seplat Energy Plc has restarted production from 49 dormant oil wells acquired from ExxonMobil, unlocking fresh output and signalling a new phase of growth for the Nigerian independent …

KEY POINTS Nigeria’s Dangote Refinery has restarted one of its most important processing units and is now operating it at about 90 percent of its capacity, marking a significant step …

KEY POINTS Motorists across Nigeria are facing another surge in petrol prices after the Nigerian National Petroleum Company Limited, NNPC, increased pump prices at its retail outlets. The national oil …

KEY POINTS Nigeria can unlock large scale industrial growth through its vast natural gas reserves if it fixes long standing problems around regulation, pricing and infrastructure, a senior Shell executive …

KEY POINTS Oando Energy Resources has reaffirmed its commitment to Nigeria’s indigenous upstream oil and gas sector, following a strategic visit by Adegbite Falade, Chairman of the Independent Petroleum Producers …

KEY POINTS • Iraq has sharply cut oil production because the Strait of Hormuz closure has stopped exports and tankers from reaching ports.• Major oilfields including Rumaila, West Qurna 2 …

KEY POINTS MRS Oil Nigeria Plc announced a sharp increase in petrol prices at its retail outlets, raising the cost of Premium Motor Spirit to nearly N975 per litre. The …

KEY POINTS The International Monetary Fund, IMF, said Tuesday it is closely monitoring the unfolding turmoil in the Middle East, pointing to disruptions in trade, rising energy prices and growing …

KEY POINTS Oil marketers in Nigeria, PETROAN, are raising fresh concerns that the escalating military confrontation involving the United States, Iran and Israel could soon hit home in the form …