Oil & Gas

KEY POINTS Oil prices slid on Friday, pressured by expectations of slowing consumption in the United States and a looming surge in supply from OPEC and its allies. Brent crude …

KEY POINTS Egypt has signed four oil and gas exploration agreements worth more than $340 million, a move the government hopes will slow declining production and reassert the country’s role …

KEY POINTS As it strives to meet ambitious output targets and draw in foreign investment, Nigeria’s oil production has surged to its highest level in six months, a development that …

KEY POINTS The Tanzanian government and Japan’s JGC Holdings Corp. have inked a memorandum of understanding to exchange technical know-how and aid in the development of Tanzania’s enormous offshore natural …

KEY POINTS An important milestone in Eni SpA’s efforts to start the Republic of Congo’s first liquefied natural gas, LNG, project has been reached with the conversion of a decades-old …

KEY POINTS The rollout of Dangote Refinery’s much-anticipated fuel distribution scheme has hit an unexpected delay, nearly two weeks after its scheduled launch, unsettling petroleum marketers and raising fresh questions …

KEY POINTS The state oil company of Nigeria claims that it is almost ready to resume full crude flows through its export terminals and pipelines, signaling a change in a …

KEY POINTS In an effort to restart production at a location that was once touted as a game-changer for the nation’s energy balance, Egypt is drilling three new wells at …

KEY POINTS Nigeria’s production of oil increased in July, giving the continent’s biggest producer new impetus to recover barrels that were lost to sabotage, theft, and years of underinvestment. According …

KEY POINTS This week, Nigeria’s flagship Bonny Light crude recovered from previous drops, hovering around $70 per barrel as Indian refiners increased their purchases and geopolitical tensions in Europe sparked …