Oil & Gas

KEY POINTS Nigeria’s state-owned oil company, Nigerian National Petroleum Company Limited, NNPC, has commenced a competitive bidding process for the marketing of its newly introduced Cawthorne crude oil grade as …

KEY POINTS The average retail price of Premium Motor Spirit (PMS), popularly known as petrol, increased significantly in May 2026, rising by 55.31 per cent compared to the same period …

KEY POINTS Nigeria’s capital market regulator, the Securities and Exchange Commission, SEC, has ordered the immediate suspension of all promotional and marketing activities relating to a purported Initial Public Offering, …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has called for the adoption of advanced technologies, including drone surveillance systems, to improve monitoring and protection of oil and gas …

KEY POINTS Libya’s National Oil Corporation (NOC) has granted an offshore oil exploration licence to a consortium of international energy companies, marking a significant step in the country’s efforts to …

KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has blamed wholesalers, retailers, supply shortages, and distribution challenges for the continued rise in the price of cooking gas …

KEY POINTS Microsoft and Chevron have announced plans to develop one of the largest natural gas-powered data centre projects in the United States, marking a significant step in addressing the …

KEY POINTS • Petrol depot prices in Lagos fell across most terminals as competition and supply changes continue to influence Nigeria’s downstream oil market. • Dangote Refinery maintained relative stability …

KEY POINTS • Azule Energy, backed by Eni and bp, has approved the Greater PAJ offshore oil project in Angola following a final investment decision. • The project will combine …

KEY POINTS TotalEnergies Marketing Nigeria Plc has outlined plans to strengthen its operations, expand investments and drive stronger performance in 2026 as part of its long-term growth strategy. The company …