Oil & Gas

KEY POINTS Uganda has announced plans to launch a fresh oil exploration licensing round in the 2026/2027 financial year, as the country prepares to begin commercial crude production later this …

KEY POINTS The first liquefied natural gas, LNG, tanker has successfully crossed the Strait of Hormuz since tensions escalated in late February, signaling a possible easing of disruptions to global …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has recorded its strongest crude oil trading performance in five years, reaching about 1.171 million barrels per day (mbpd) under the …

KEY POINTS Global natural gas markets are facing renewed pressure as escalating tensions in the Middle East threaten the stability of liquefied natural gas, LNG, supply chains, raising concerns over …

KEY POINTS Nigeria’s leading industrialist Aliko Dangote has held high-level talks with the Saudi Arabian ambassador to Nigeria, Yousef bin Mohammed Al-Balawi, as both sides move to deepen economic and …

KEY POINTS Oil prices fluctuated sharply on Friday, ultimately closing mixed. Brent crude rose slightly to $105.33 per barrel, while U.S. West Texas Intermediate (WTI) fell to $94.40. Despite the …

KEY POINTS Nigeria has officially become a net exporter of gasoline for the first time, marking a major turnaround for a country long dependent on fuel imports despite being a …

KEY POINTS The Nigerian National Petroleum Company Limited has entered into a strategic partnership with Sonatrach, Algeria’s national oil company, to strengthen collaboration in research, development, and innovation within the …

KEY POINTS East African countries are exploring plans to jointly develop a large oil refinery at the port of Tanga in Tanzania, in a move aimed at reducing dependence on …

KEY POINTS Sierra Leone has signed a petroleum licence agreement with Nigeria-based Marginal Energy Limited, granting the company offshore exploration and production rights as part of efforts to revive its …