Oil & Gas

Saudi Aramco, Trafigura, and other major oil players are competing to buy Shell’s South African gas stations as the company reshapes its downstream portfolio

Shell and other energy giants are taking legal action against Venture Global LNG for failing to fulfill key long-term contracts, warning of a potential industry-wide crisis

OPEC+ will proceed with its planned October oil output increase, despite market concerns, due to Libyan disruptions and hopes for a U.S. rate cut.

WEG Africa completes a durable substation E-house for Sasol’s Mozambique project, boosting energy production.

President Tinubu approves the use of NNPC dividends for a petrol subsidy to provide relief from rising fuel prices in Nigeria.

Libya’s government accuses rivals of political blackmail after a significant cut in oil production at the Sharara field.

Nigeria ends the oil-for-naira market, adopting a transparent system for crude oil sales. The reform aims to improve transparency and attract investment in the oil sector

: Nigeria’s modular refinery sector faces investor pullout due to inadequate crude supply. The government is exploring solutions to stabilize feedstock flow and support industry growth.

Saudi Arabia sets to launch a $10 billion secondary share offering for Aramco this Sunday, aligning with strategic economic transformations and oil market dynamics.

Dangote Industries plans to list its refinery on the London and Nigerian stock exchanges by end of 2024, aiming to boost investment and transform Nigeria’s oil industry.