Oil & Gas

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 …

KEY POINTS Africa’s richest man, Aliko Dangote, has revealed plans to build a 650,000-barrel-per-day oil refinery in Kenya, with Mombasa County identified as his preferred location for the massive investment. …

KEY POINTS The Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has praised the Federal Government and the Nigerian National Petroleum Company Limited, NNPC Ltd., over a new partnership …