Oil & Gas

Oil prices have been on a downward trend for the past three weeks, as signs of weakening demand from major consumers such as China, the US and Europe overshadow the …

Two years into the enactment of Nigeria’s Petroleum Industry Act (PIA), the anticipated benefits for the oil and gas sector and the broader economy remain unrealized. Political interference and selective …

NNPC-Aiteo JV introduces Nembe crude, offering a low-sulphur, high-quality option to European markets at the Argus Conference in London.

Panoro Energy, an independent exploration and production company based in London, has announced a significant oil discovery at the Hibiscus South well on the Dussafu Marin Permit in Gabon. With …

Nigeria requires $7.6 billion to elevate oil output to 2.1 million bpd by 2025, amidst energy sector shifts.

Minister of State for Petroleum Resources Heineken Lokpobiri revealed ambitious plans to elevate Nigeria’s crude oil production to at least two million barrels daily by the end of 2023. During …

Oil prices rose on Monday after Saudi Arabia and Russia, the world’s two largest oil exporters, reaffirmed their commitment to extra voluntary oil supply cuts until the end of the …

The Dangote Refinery, Africa’s largest oil refinery with a capacity of 650,000 barrels per day, is set to receive crude oil from the Nigerian National Petroleum Company Limited (NNPCL) in …

Oil prices experienced a boost in tandem with the broader financial markets following a signal from the Federal Reserve suggesting that an imminent interest rate hike might not be in …

Nigeria is putting more capital into its midstream gas sector to close the critical infrastructure gap that hinders its economic growth, according to the Special Adviser to President Tinubu on …