Oil & Gas

KEY POINTS Dangote Petroleum Refinery and Petrochemicals has reduced its petrol price, lowering the gantry price to N1,200 per litre and the coastal price to N1,153 per litre. The adjustment …

KEY POINTS The Nigerian National Petroleum Company, NNPC, has said Nigeria is witnessing increased demand for its liquefied natural gas cargoes, as global energy disruptions create new commercial opportunities. The …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has signed Petroleum Exploration Licence No. 5 with SeaSeis Geophysical Limited to advance offshore exploration activities. The agreement authorises the company, …

KEY POINTS The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPC, Bayo Ojulari, has said the company’s collaboration with the Dangote Refinery has strengthened Nigeria’s fuel …

KEY POINTS Oil producers operating in Nigeria are now receiving significantly faster approvals to revive idle wells, as authorities move to boost crude output and strengthen the country’s position in …

KEY POINTS The Dangote Refinery has raised concerns over a major shortfall in crude oil allocations under the Federal Government’s crude-for-naira programme, revealing that it is receiving far fewer shipments …

KEY POINTS The United States has warned the European Union to implement a previously agreed trade deal without amendments or risk losing favourable access to liquefied natural gas, LNG, shipments …

KEY POINTS Kazakhstan and Shell have agreed to strengthen cooperation in the oil and gas sector following talks between Kazakhstan’s Energy Minister Yerlan Akkenzhenov and Shell Chief Executive Officer Wael …

KEY POINTS Nigeria recorded a combined crude oil and condensate production shortfall of about 16.6 million barrels in January and February 2026, according to data released by the Nigerian Upstream …

KEY POINTS The International Energy Agency, IEA, has revealed that more than 40 energy assets across nine Middle East countries have been severely or very severely damaged amid the ongoing …