Oil & Gas

KEY POINTS Oil prices stabilised on Tuesday after falling sharply in the previous session, as investors weighed the possible impact of expanded US sanctions on Iran against the risk of …

KEY POINTS Oil prices fell by more than $1 a barrel on Monday as investors took profits following a two-week rally and waited for details of new US sanctions expected …

KEY POINTS Brazilian state-owned oil company Petrobras has taken a major step towards expanding its exploration activities in West Africa after submitting an expression of interest for four offshore exploration …

KEY POINTS The Dangote Petroleum Refinery and Petrochemicals has expanded its free petroleum products delivery programme to Kano, Imo, Anambra and Nasarawa states as part of efforts to reduce distribution …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has reaffirmed its commitment to supporting Shell Nigeria’s operations as the Federal Government intensifies efforts to attract up to $50 billion …

KEY POINTS ExxonMobil has temporarily suspended operations at one of its offshore facilities in Guyana after a fire broke out aboard the Liza Unity floating production, storage and offloading (FPSO) …

KEY POINTS The Citizens Forum for Energy Accountability and Development, CFEAD, has commended the Nigerian National Petroleum Company Limited (NNPC) and the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, for what …

KEY POINTS The Dangote Petroleum Refinery has increased the ex-depot price of petrol by N20 per litre, raising its latest gantry price from N1,165 to N1,185. The new price took …

KEY POINTS The Nigerian Economic Summit Group, NESG, has appointed Jim Swartz, Chairman and Managing Director of Chevron Nigeria and Mid-Africa, as a Director on its Board. The appointment, announced …

KEY POINTS Shell has renewed its call for stronger safety standards across its operations and producing assets in Nigeria, stressing that the success of major oil and gas projects must …