Oil & Gas

Nigeria’s upstream regulator wants to restore 788,000 barrels a day of shut in crude across 63 operators, as it chases higher output.

The Natural Resource Governance Institute says NNPC’s heavy oil spending could fail to pay off if the energy transition speeds up, and wants a rethink.

South Africa will prioritize 4.6 gigawatts of battery storage and 5 gigawatts of gas power, as its energy minister warns of another crisis.

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, significantly reduced the amount owed to it by customers in 2025, as the state-owned energy company intensified efforts to recover outstanding …

Brent crude rose above $101 a barrel as tanker attacks near Hormuz and a Gulf of Mexico hurricane threatened supply despite emergency stock releases.

KEY POINTS Eni says it is working to keep petrol and diesel prices at sustainable levels, stressing that its current price cap is designed to protect consumers from sharp increases …

KEY POINTS Dangote Petroleum Refinery and Petrochemicals FZE has opened part of its planned initial public offering to investors in East Africa, with the regional offer expected to raise up …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has opened 40 oil blocks for its 2026 licensing round as the Federal Government steps up efforts to attract new investment …

KEY POINTS The Dangote Petroleum Refinery has stopped selling Premium Motor Spirit, commonly known as petrol, to major oil marketers that continue to import petroleum products into Nigeria. The decision …

KEY POINTS British energy giant bp has reaffirmed its commitment to the Middle East even as it restructures its global business and sells several assets to reduce debt and focus …