Oil & Gas

KEY POINTS The Federal Government has reduced entry costs for Nigeria’s latest oil licensing round as part of efforts to deepen transparency, stimulate production, and draw fresh investment into the …

KEY POINTS Crude oil prices climbed sharply on Thursday, extending gains for a third consecutive session, as growing fears of a potential US military strike on Iran heightened concerns about …

KEY POINTS Nigeria’s crude oil exports are projected to fall by about 14 per cent in March, with scheduled loadings for four major crude grades estimated at roughly 793,000 barrels …

KEY POINTS The price of Premium Motor Spirit (PMS), which is also known as petrol, has gone up by ₦100 per litre across Nigeria. This is a big change in …

KEY POINTS Tetracore Energy Group Limited, led by Nigerian energy entrepreneur Dr. Olakunle Williams, has officially commissioned Ghana’s first-ever Gas Virtual Pipeline Network Compressed Natural Gas (CNG) facility, a landmark …

KEY POINTS Chevron Corporation and Libya’s National Oil Corporation (NOC) have signed a memorandum of understanding (MoU) to look into new oil and gas development opportunities. This is the U.S. …

KEY POINTS A planned initial public offering (IPO) of Aliko Dangote’s $20 billion Dangote Petroleum Refinery could dramatically expand the size of Nigeria’s capital market, potentially pushing total stock market …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC Ltd, has announced a significant new oil and gas discovery Awodi-07 in the Niger Delta. The find, named the Awodi-07 well, …

KEY POINTS Global oil prices held steady on Monday, remaining above Nigeria’s 2026 budget benchmark of $64.85 per barrel, as supply disruptions and rising geopolitical tensions in the Middle East …

KEY POINTS Chevron has dispatched a larger fleet of tankers to transport Venezuelan crude, sending 15 vessels carrying around 200,000 barrels per day, the most since March, under a U.S. …