Oil & Gas

KEY POINTS Libya’s Grand Mufti, Sheikh Al Sadiq Al Gharyani, has called on the National Oil Corporation, NOC, to fully disclose how much oil the country produces each day, how …

KEY POINTS Italian energy company Eni has completed the sale of a significant minority stake in its carbon capture and storage business to Global Infrastructure Partners, a unit of BlackRock, …

KEY POINTS Shell and INEOS have confirmed a new oil discovery in the deep waters of the United States Gulf, adding momentum to offshore exploration activity in one of the …

KEY POINTS Conoil Plc moved to reassure its investors this week, announcing a substantial dividend payout following a year of notable financial growth. At the company’s 55th Annual General Meeting …

KEY POINTS The decision by Chevron to remain in Venezuela through years of political turmoil, sanctions and economic collapse is now placing the US oil major at the centre of …

KEY POINTS Dangote Petroleum Refinery is taking its new fuel price directly to the public, launching a hotline for consumers to report MRS retailers charging too much. The company announced …

KEY POINTS Nigerian indigenous energy producer Heirs Energies has secured a major seven hundred and fifty million dollar financing facility from the African Export-Import Bank. The deal, signed in Abuja …

KEY POINTS In a move set to directly impact the cost of living and transportation nationwide, the Dangote Petroleum Refinery has formally commenced the sale of petrol, known as Premium …

The head of Nigeria’s prominent oil sector union has proposed a middle path for the long-awaited restructuring of the country’s beleaguered state refineries. Festus Osifo, President of the Petroleum and …

KEY POINTS Oil markets shifted higher on Monday as geopolitical tensions injected a fresh dose of uncertainty into a market otherwise weighed down by oversupply concerns. The price rise followed …