Oil & Gas

KEY POINTS Petroleum marketers, industry experts, and unions in Nigeria’s downstream sector have raised concerns over what they describe as persistent price instability and uncertainty in the supply, distribution, and …

KEY POINTS Libya’s National Oil Corporation, NOC, has signed a strategic memorandum of understanding (MoU) with Hungary’s MOL Group to explore new areas of cooperation in the oil and gas …

KEY POINTS ExxonMobil has reported a decline in its fourth-quarter earnings, blaming weaker crude oil prices for offsetting gains recorded from higher production volumes. The US energy giant posted profits …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC Ltd, has launched its Gas Master Plan 2026 (NGMP 2026), a new roadmap aimed at repositioning Nigeria’s gas industry as a …

KEY POINTS Aradel Holdings Plc, the Nigerian energy group led by Chief Executive Officer Adegbite Falade, has secured a $250 million financing facility from South Africa’s Standard Bank Group to …

KEY POINTS TotalEnergies has formally restarted construction of its $20 billion Mozambique LNG project, bringing to an end a nearly five-year suspension of one of Africa’s largest energy investments. Work …

KEY POINTS The Federal Government has reduced entry costs for Nigeria’s latest oil licensing round as part of efforts to deepen transparency, stimulate production, and draw fresh investment into the …

KEY POINTS Crude oil prices climbed sharply on Thursday, extending gains for a third consecutive session, as growing fears of a potential US military strike on Iran heightened concerns about …

KEY POINTS Nigeria’s crude oil exports are projected to fall by about 14 per cent in March, with scheduled loadings for four major crude grades estimated at roughly 793,000 barrels …

KEY POINTS The price of Premium Motor Spirit (PMS), which is also known as petrol, has gone up by ₦100 per litre across Nigeria. This is a big change in …