Oil & Gas

KEY POINTS Officials from the Equatorial Guinea government and representatives of major oil companies, including Chevron, signed a pivotal gas development agreement in the capital, Malabo, on 30 January 2026. …

KEY POINTS Three subsidiaries of the Dangote Group; Dangote Petroleum Refinery, Dangote Fertiliser Plant, and Dangote Cement Plc,announced on Monday that they had signed strengthened gas supply contracts with units …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, is intensifying efforts to unlock Nigeria’s numerous stranded gas fields, aiming to expand the country’s gas reserves and boost energy security. …

KEY POINTS Nigeria’s liquefied natural gas, LNG, sector is navigating a complex global landscape as the Nigeria LNG, NLNG, company presses ahead with its ambitious Train 7 expansion project, even …

KEY POINTS ExxonMobil has reported earnings of $6.5 billion for the fourth quarter of 2025, bringing its full-year profit to $28.8 billion, according to the company’s latest financial statement. The …

KEY POINTS Shell Nigeria Exploration and Production Company Limited (SNEPCo) has commenced a major turnaround maintenance programme on the Bonga Floating Production Storage and Offloading (FPSO) vessel as part of …

KEY POINTS Oil marketers across Nigeria say the recent surge in petrol pump prices is squeezing their businesses, making it increasingly difficult to raise enough capital to purchase products from …

KEY POINTS Dangote Petroleum Refinery has reaffirmed its ability to meet and surpass Nigeria’s daily fuel consumption, announcing it can supply up to 75 million litres of Premium Motor Spirit …

KEY POINTS The Socio-Economic Rights and Accountability Project, SERAP, has filed a lawsuit against the Nigerian National Petroleum Company Limited, NNPCL, over its alleged failure to account for N22.3 billion, …

KEY POINTS International oil benchmarks surged past $70 per barrel this week, with Brent crude reaching $70.71 and US West Texas Intermediate hitting $65.42. By Friday, prices climbed further to …