Oil & Gas

KEY POINTS Oando Plc has identified operating risks, inconsistent government policies and regulatory uncertainty as major reasons foreign lenders are reluctant to finance African oil and gas companies, warning that …

KEY POINTS Global oil prices remained near a five-month high on Tuesday, October 20, 2026, as attacks claimed by Yemen’s Houthi rebels on Saudi energy infrastructure and reports of assaults …

KEY POINTS Dangote Petroleum Refinery and Petrochemicals has attracted investors from 51 of Africa’s 54 countries as its initial public offering, IPO, draws strong demand across the continent and from …

KEY POINTS ExxonMobil expects higher refining margins to significantly increase its downstream earnings in the third quarter of 2026, with the oil major signalling a potential $4.5 billion improvement compared …

Ebenco Global Link’s 30,000 bpd modular refinery in Koko, Delta State, has regulatory approval to introduce hydrocarbons and begin a 90 day reliability test.

Algeria’s ALNAFT is offering seven onshore blocks at African Energy Week, with more than 50 companies registered and bids due in January.

KEY POINTS TotalEnergies has reaffirmed its long-term commitment to Nigeria, citing fresh investments in gas development, efforts to reduce emissions and more than six decades of operations in the country’s …

Brent fell about 1.6% to near $104 a barrel as Hormuz shipping attacks clashed with a US plan to ease sanctions on oil vessels.

KEY POINTS Nigeria’s crude oil production rose to 1.72 million barrels per day in September 2026, marking the fifth consecutive month the country met its OPEC production quota, according to …

KEY POINTS Dangote Petroleum Refinery and Petrochemicals has extended its initial public offering, IPO, by two weeks to give more investors in Nigeria and across Africa an opportunity to participate …