Oil & Gas

KEY POINTS Dangote Petroleum Refinery is moving to strengthen its balance sheet and accelerate its long-term expansion plans by raising about $1 billion through a private debt placement. The fundraising …

KEY POINTS Nigeria’s crude oil production rose to an average of 1.53 million barrels per day (bpd) in May 2026, marking a 2.8% increase from April’s 1.489 million bpd, according …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has announced Friday, June 12, 2026, as the deadline for submission of technical and commercial bids by prequalified applicants participating in …

KEY POINTS South Africa’s state-owned power utility, Eskom, has launched a dedicated unit known as Eskom Green to accelerate the development of large-scale renewable energy projects. The initiative is designed …

KEY POINTS The Government of The Gambia has signed a major offshore petroleum exploration agreement with global energy company Eni, marking a significant step in its ambition to develop the …

KEY POINTS Africa’s largest financial institution, Standard Bank Group, has pledged its support for the planned Initial Public Offering, IPO, of the Dangote Petroleum Refinery, signalling strong investor confidence in …

KEY POINTS Nigeria’s petrol importation has risen sharply, reaching its highest level in four months in May, as temporary maintenance at the Dangote Refinery in Lekki reduced local fuel output …

KEY POINTS Chevron Nigeria and Mid-Africa Region marked World Environment Day 2026 by reaffirming its commitment to environmental stewardship under the global theme “A Global Call for Climate Action.” The …

KEY POINTS Eskom has reported major progress in its nationwide programme aimed at eliminating load reduction by 2027, with more than 700,000 households already removed from the system. According to …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has reaffirmed its commitment to ending routine gas flaring by 2030 and reducing methane emissions by 60 per cent by 2035 …