Oil & Gas

KEY POINTS Brent oil prices held steady on Monday as traders weighed renewed diplomatic engagement between the United States and Iran against ongoing geopolitical tensions and fresh supply signals from …

KEY POINTS A consortium led by Chevron has signed exclusive lease agreements with Greece to explore natural gas reserves in deep-sea blocks off the country’s southern coast, marking a significant …

KEY POINTS ExxonMobil has commissioned a third advanced plastics-recycling unit at its Baytown refinery complex, marking a major expansion of its waste-processing capabilities. The new unit increases the site’s ability …

KEY POINTS Dangote Reduces Ex-Depot Petrol PriceDangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS) by N25 per litre, lowering the gantry price from N799 to …

KEY POINTS The Nigerian oil and gas sector has rebounded sharply on the Nigerian Exchange in 2026, climbing more than 31% year-to-date. This performance has outpaced the industrial goods sector, …

KEY POINTS Nigeria’s benchmark oil, Bonny Light, fell below $69 per barrel during the second trading session of the week. The drop in oil prices comes as escalating tensions between …

KEY POINTS Conoil Plc reported its weakest annual profit in five years for 2025, as falling fuel sales, high borrowing costs, and growing short-term debt weighed heavily on the company. …

KEY POINTS Aiteo, one of Africa’s largest privately owned energy companies controlled by Nigerian billionaire Benedict Peters, has secured a rare exploration license in Libya, marking a major milestone both …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has urged international investors to take advantage of opportunities in Nigeria’s forthcoming 2025 petroleum licensing round. Speaking at the Sub-Saharan Africa …

KEY POINTS The President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo, says the old Port Harcourt refinery has reached about 90 percent rehabilitation …