Oil & Gas

KEY POINTS The African Energy Chamber has sharply criticised the UK government’s decision to pull more than a billion dollars in support from Mozambique’s flagship LNG development, saying the move …

KEY POINTS Oil prices drifted lower on Tuesday as traders stepped back to reassess the fragile mood around the Russia–Ukraine peace track, while fresh signals of rising stockpiles and wider …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has opened the country’s latest oil licensing round, unveiling a fully digital bidding portal in an effort to revive exploration interest …

Libya’s National Oil Corporation, NOC, has begun a fresh review of exploration work in the Murzuq Basin, holding a detailed session with Poland’s PUNA Oil Company as the North African …

KEY POINTS Shell has signalled it is prepared to deepen its spending in Italy’s upstream sector, urging Rome to move ahead with long-pending approvals for fresh drilling that it says …

KEY POINTS BP and Eni’s joint venture in Angola has brought a major gas processing plant into operation in Soyo, marking one of the country’s most significant steps yet in …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPCL, is confronting an increasingly heavy debt burden, with crude-backed loan obligations now estimated at N8.07tn. The figure, drawn from the company’s …

KEY POINTS The Dangote Refinery supplied an average of just over 18 million litres of petrol a day between October 2024 and October 2025, well below the volumes previously touted …

KEY POINTS Nigeria’s crude oil production eased in October as facility maintenance across several offshore assets weighed on output, even as the state oil company posted a sharp rise in …

KEY POINTS Morocco has edged into a decisive phase in the construction of its largest gas-turbine power station, the Al Wahda plant, with engineers completing the concrete base for its …