Oil & Gas

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) escalated its regulatory enforcement last Friday, shutting down four filling stations in Cross River State due to non-compliance and operational malpractices. …

Nigeria’s Upstream Petroleum Regulatory Commission (NUPRC) recently celebrated the selection of 42 domestic oil and gas firms in a landmark step towards environmental responsibility and sustainability. These companies, winners in …

Oil prices surged on Thursday, reaching their highest levels since 2014, as the US imposed sanctions on two shipping companies for violating a price cap on Russian crude exports. The …

The Shell Petroleum Development Company (SPDC) confirmed an October 3 oil spill at its Peremabiri flow station in Bayelsa State. This leakage has extensively damaged numerous farmlands and the marine …

Oil prices edged higher this week as the conflict between Israel and Hamas raised concerns about the stability of the Middle East, a major oil-producing region. However, the gains were …

Perenco, an independent oil and gas company, has announced the start of production from its Hylia South West discovery in the shallow waters offshore Gabon. The company said the new …

Nigeria, Africa’s largest oil exporter, has achieved its highest crude oil production level this year, reaching 1.35 million barrels per day in September 2023. This is a 14 percent increase …

Escalating drilling costs, reaching up to $30 million, hinder Nigeria’s drive to expand its gas production and tap into its natural energy for development. Fiscal barriers and disincentives stand as …

Israel has resumed its natural gas exports to Egypt after a brief interruption caused by the escalating violence in the Gaza Strip. The gas, which comes from the offshore Tamar …

San Leon Energy, a London-listed oil and gas company, has announced a deal to secure $187 million in financing from a North American fund, Tri Ri Asset Management. The deal …