Oil & Gas

President Tinubu approves the use of NNPC dividends for a petrol subsidy to provide relief from rising fuel prices in Nigeria.

Libya’s government accuses rivals of political blackmail after a significant cut in oil production at the Sharara field.

Nigeria ends the oil-for-naira market, adopting a transparent system for crude oil sales. The reform aims to improve transparency and attract investment in the oil sector

: Nigeria’s modular refinery sector faces investor pullout due to inadequate crude supply. The government is exploring solutions to stabilize feedstock flow and support industry growth.

Saudi Arabia sets to launch a $10 billion secondary share offering for Aramco this Sunday, aligning with strategic economic transformations and oil market dynamics.

Dangote Industries plans to list its refinery on the London and Nigerian stock exchanges by end of 2024, aiming to boost investment and transform Nigeria’s oil industry.

After a two-month suspension and legal investigation, Libya’s Oil and Gas Minister, Mohamed Oun, has resumed his official duties, signaling potential stability in the sector.

Tullow Oil’s stable Q1 2024 operations in Ghana showcase steady production from Jubilee and TEN fields, underscoring promising growth and strategic investments.

Oil prices surged as uncertainty over Iran’s political future stirred concerns about potential disruptions in the global oil supply, driving up crude prices.

NNPC and NOSL commence oil production at OML 13, marking a significant increase in Nigeria’s oil production capacity and offering economic growth prospects.