Oil & Gas

KEY POINTS South Africa’s energy regulator has approved a reduction in the maximum price Sasol Gas may charge its customers, trimming the cap by 6 percent for the third quarter …

Nigeria’s petroleum import patterns are undergoing one of their sharpest changes in years, after new data revealed a steep fall in shipments from Malta as domestic refining gradually displaces foreign …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPCL, has reported another year of sharp financial growth, declaring a profit after tax of N5.4 trillion for 2024, more than double …

KEY POINTS TotalEnergies has strengthened its position in Nigeria’s deepwater portfolio after reaching a new agreement with Conoil Producing Limited that shifts ownership across two offshore blocks. The French energy …

KEY POINTS Neconde Energy has turned to the Federal High Court in Abuja in an attempt to stop the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, from permitting a group of …

KEY POINTS Libya’s National Oil Corporation said it is closing in on the last stage of its long-awaited public exploration bid round, marking a pivotal moment for a sector that …

KEY POINTS Nigeria’s state oil company, NNPC, is again under pressure after a fresh audit by the Office of the Auditor-General of the Federation detailed more than N684 million in …

KEY POINTS ExxonMobil has formally resumed work on its long-delayed natural gas project in northern Mozambique, marking its first decisive step back into the troubled region more than four years …

KEY POINTS Shell is preparing to bring its 404,000-barrel-a-day Pernis refinery in Rotterdam back online before the end of November, following a lengthy maintenance programme that has taken large segments …

KEY POINTS TotalEnergies has moved to deepen its presence in Nigeria’s offshore oil sector after signing a set of asset-swap agreements with Conoil Producing Limited, strengthening its control of one …