Oil & Gas

KEY POINTS Austrian energy company OMV has announced a major oil and gas discovery in Libya’s Sirte Basin, marking one of the country’s most promising exploration successes in recent years. …

KEY POINTS In a landmark move to bolster the United Arab Emirates’ status as a global energy hub, AD Ports Group and Nimex Terminals have signed two long-term agreements worth …

KEY POINTS Crude oil prices remained broadly unchanged on Monday even after OPEC+ announced plans to slow its production growth, with traders balancing concerns over a potential surplus against fresh …

KEY POINTS The Dangote Group has moved to allay public concerns over Nigeria’s new fuel import tariff, saying the policy will not raise pump prices but will instead protect the …

KEY POINTS The Dangote Petroleum Refinery has reached a historic milestone, producing a combined 70 million litres of petrol and diesel daily, a volume that outstrips Nigeria’s total domestic fuel …

KEY POINTS ExxonMobil is in advanced discussions with power producers and leading technology companies to provide energy for artificial intelligence data centres using natural gas facilities equipped with carbon capture …

KEY POINTS Mozambique’s government has hinted at possible resistance to TotalEnergies’ revised budget and timeline for its liquefied natural gas, LNG, project, signalling that the country may not easily approve …

KEY POINTS The liquefied natural gas industry, LNG, long anchored in decades-long contracts and mutual trust, is now navigating its most turbulent phase yet. Billionaires Africa reports that what was …

KEY POINTS Aliko Dangote has ruled out acquiring any of Nigeria’s ailing state-owned refineries, saying he would rather expand his privately-owned Dangote Refinery than be accused of monopolising the nation’s …

KEY POINTS Libya’s National Oil Corporation, NOC, has announced a fresh oil discovery in the Sirte Basin made by Austria’s OMV, signalling renewed momentum in the country’s upstream sector amid …