Oil & Gas

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has accused the Dangote Petroleum Refinery of attempting to dominate Nigeria’s downstream petroleum sector through its legal challenge against fuel import …

KEY POINTS Nigerian billionaire businessman Femi Otedola has revealed that he sold his stake in Geregu Power Plc in order to position himself for a major investment in the proposed …

KEY POINTS Chevron Corporation has unveiled a next-generation version of its Techron fuel additive, designed to improve engine performance and reduce damage caused by low-quality gasoline. The announcement was made …

KEY POINTS Chairman of FirstHoldCo, Femi Otedola, has expressed interest in acquiring $100 million worth of shares in the proposed Initial Public Offering (IPO) of the Dangote Petroleum Refinery and …

KEY POINTS Residents in Lagos State are grappling with a steady rise in cooking gas prices, which has significantly increased financial pressure on households and small businesses. A market survey …

KEY POINTS Representatives of South Africa’s Government Employees Pension Fund (GEPF) and the Public Investment Corporation (PIC) have visited the facilities of the Dangote Petroleum Refinery & Petrochemicals and the …

KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has issued a strong warning to individuals and companies operating in Nigeria’s petroleum sector without the required licences, permits, …

KEY POINTS Investors at the annual general meeting of Shell plc have challenged the company’s long-term strategy amid growing concerns about the future demand for fossil fuels. The meeting, held …

KEY POINTS Dangote Petroleum Refinery and Petrochemicals has reduced the price of aviation fuel (Jet A1) from N1,750 to N1,650 per litre in a move designed to ease operational pressures …

KEY POINTS Shell has reported a first-quarter adjusted profit of $6.9 billion, its strongest performance in two years, surpassing analyst expectations of $6.36 billion. The result represents a sharp increase …