Oil & Gas

KEY POINTS The Federal Government’s new fiscal incentives for deep offshore oil and gas projects are expected to attract more than $50 billion in fresh investment and help Nigeria significantly …

KEY POINTS ExxonMobil is advancing preparations for the $20 billion Rovuma LNG project in Mozambique, awarding new engineering contracts as the massive gas development moves closer to a final investment …

KEY POINTS Oando Plc recorded a significant improvement in its financial performance in the first half of 2026, reversing a substantial operating loss reported an operating profit of N127.8 billion …

Oil prices rose in volatile trade on Wednesday after attacks on two ships and stalled US-Iran talks renewed worries about Middle East supply disruptions.

KEY POINTS President Bola Tinubu has approved a new regulatory and tax framework for offshore oil and gas projects as Nigeria seeks to attract as much as $50 billion in …

KEY POINTS The Oil & Gas Professionals Forum, OGPF, has accused the Nigerian National Petroleum Company Limited (NNPCL) of avoiding the main issues raised about the recent Marginal Field bid …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has disclosed that oil producers offered 68.1 million barrels of crude oil to the Dangote Refinery in the second quarter of …

KEY POINTS Construction of the proposed Dangote-backed Lamu oil refinery in Kenya is expected to commence in October 2026, with Africa’s richest man, Aliko Dangote, saying preparations for the ambitious …

KEY POINTS Libya’s Waha Oil Company has contained a leak on the Zaqout-Sidra oil pipeline and restored pumping operations after completing repairs, according to a company statement issued on Saturday. …

KEY POINT Camco Oil Services, a subsidiary of the Edgo Group, has successfully drilled and completed a re-entry horizontal well in Libya’s Sarir oil field in partnership with the Arabian …