Oil & Gas

KEY POINTS Tetracore Energy Group Limited, led by Nigerian energy entrepreneur Dr. Olakunle Williams, has officially commissioned Ghana’s first-ever Gas Virtual Pipeline Network Compressed Natural Gas (CNG) facility, a landmark …

KEY POINTS Chevron Corporation and Libya’s National Oil Corporation (NOC) have signed a memorandum of understanding (MoU) to look into new oil and gas development opportunities. This is the U.S. …

KEY POINTS A planned initial public offering (IPO) of Aliko Dangote’s $20 billion Dangote Petroleum Refinery could dramatically expand the size of Nigeria’s capital market, potentially pushing total stock market …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC Ltd, has announced a significant new oil and gas discovery Awodi-07 in the Niger Delta. The find, named the Awodi-07 well, …

KEY POINTS Global oil prices held steady on Monday, remaining above Nigeria’s 2026 budget benchmark of $64.85 per barrel, as supply disruptions and rising geopolitical tensions in the Middle East …

KEY POINTS Chevron has dispatched a larger fleet of tankers to transport Venezuelan crude, sending 15 vessels carrying around 200,000 barrels per day, the most since March, under a U.S. …

KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has asked private investors to put between $30 billion and $50 billion into Nigeria’s midstream petroleum sector. They say …

KEY POINTS Chevron Nigeria Limited says it is refocusing its investment portfolio in Nigeria to significantly boost crude oil production, leveraging ongoing government reforms and the Petroleum Industry Act (PIA). …

KEY POINTS Shell Plc has promised to put about $20 billion into Nigeria’s energy sector over the next few years. This shows that investors are once again confident in the …

KEY POINTS Aliko Dangote, Africa’s richest man, is seeing his huge refinery in Lagos become more important around the world as refineries close in Europe and North America. According to …