Oil & Gas

KEY POINTS ExxonMobil’s Nigerian affiliate, Esso Exploration and Production Nigeria (Offshore East) Limited, has commenced a major new phase of development at the Usan oil field with the arrival of …

KEY POINTS Oil prices remained broadly stable in early Asian trading on Thursday as investors assessed the outlook for the U.S.-Iran conflict and uncertainty surrounding the movement of oil tankers …

KEY POINTS Nigeria could significantly increase its crude oil production from deep offshore assets following the introduction of new investment incentives aimed at accelerating oil and gas developments, according to …

KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA has proposed new regulations aimed at preventing fuel marketers and other petroleum industry players from manipulating prices, creating artificial …

KEY POINTS Dangote Petroleum Refinery & Petrochemicals has secured $600 million in a completed private placement as it moves closer to a planned initial public offering (IPO). The fundraising represents …

Canada’s biggest oil producers are targeting late 2027 for a final decision on the Pathways carbon capture project, an industry group told Reuters.

KEY POINTS Italian energy company Eni and Algeria’s state-owned oil and gas giant Sonatrach have expanded their cooperation on reducing greenhouse gas emissions from Algeria’s oil and gas industry. The …

KEY POINTS The Dangote Petroleum Refinery and Petrochemicals has secured a $1 billion underwriting programme as it prepares for its planned Initial Public Offering (IPO), strengthening the financial foundation for …

KEY POINTS Libya’s state-owned National Oil Corporation, NOC, says the country needs between $30 billion and $40 billion in new investment to develop its largely untapped oil and gas resources, …

KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has called for the development of a fully integrated West African petroleum market as growing refining capacity begins to …