Oil & Gas

KEY POINTS Petralon Energy has received strong endorsement from Shell Western Supply and Trading after successfully achieving first oil production at the Dawes Island Field. At a London event marking …

KEY POINTS Cooking gas prices across Nigeria are beginning to decline following a sharp rise in imports that has increased supply in local depots, according to new data released by …

KEY POINTS In a major boost for clean energy use in Africa’s mining industry, NOA Group and Sibanye-Stillwater have signed a long-term renewable electricity agreement that will supply approximately 401 …

KEY POINTS Brent oil prices held steady on Monday as traders weighed renewed diplomatic engagement between the United States and Iran against ongoing geopolitical tensions and fresh supply signals from …

KEY POINTS A consortium led by Chevron has signed exclusive lease agreements with Greece to explore natural gas reserves in deep-sea blocks off the country’s southern coast, marking a significant …

KEY POINTS ExxonMobil has commissioned a third advanced plastics-recycling unit at its Baytown refinery complex, marking a major expansion of its waste-processing capabilities. The new unit increases the site’s ability …

KEY POINTS Dangote Reduces Ex-Depot Petrol PriceDangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS) by N25 per litre, lowering the gantry price from N799 to …

KEY POINTS The Nigerian oil and gas sector has rebounded sharply on the Nigerian Exchange in 2026, climbing more than 31% year-to-date. This performance has outpaced the industrial goods sector, …

KEY POINTS Nigeria’s benchmark oil, Bonny Light, fell below $69 per barrel during the second trading session of the week. The drop in oil prices comes as escalating tensions between …

KEY POINTS Conoil Plc reported its weakest annual profit in five years for 2025, as falling fuel sales, high borrowing costs, and growing short-term debt weighed heavily on the company. …