Oil & Gas

KEY POINTS Dangote Petroleum Refinery announced a landmark reduction in the price of Premium Motor Spirit (PMS), commonly known as petrol, and unveiled plans to begin direct distribution to filling …

KEY POINTS ExxonMobil Corp. is moving into the fast-growing synthetic graphite business with the acquisition of Superior Graphite’s U.S. assets and select international operations, in a bid to position itself …

KEY POINTS Nigeria’s anti-graft agency has questioned Mele Kyari, the immediate past chief executive of Nigerian National Petroleum Company Ltd., NNPCL, as part of a widening investigation into alleged multibillion-dollar …

KEY POINTS Chevron Corp. is ramping up natural gas flows from Israel and shipping liquefied natural gas from the United States to Egypt, a move underscoring the North African nation’s …

KEY POINTS Egypt’s efforts to increase gas production and draw in foreign investment for its energy sector have entered a new phase with the signing of a preliminary agreement with …

KEY POINTS The U.S. energy major claims that ExxonMobil’s deployment of drone-based inspection systems and sophisticated sonar imaging throughout its offshore operations in Angola will significantly increase safety, reduce downtime, …

KEY POINTS The Organisation of the Petroleum Exporting Countries, OPEC, efforts to boost oil production could worsen the global supply glut and drive prices even lower than the budgetary benchmarks …

KEY POINTS Following reports that suggested repairs could take months, Dangote Petroleum Refinery has denied claims that its gasoline unit was forced into a protracted shutdown, calling the rumors “fake …

KEY POINTS Indian Oil Corp, the country’s largest refiner, has stepped back from its usual appetite for American crude, choosing instead to snap up barrels from Nigeria and the Middle …

KEY POINTS According to official documents seen by Billionaires.Africa, Aliko Dangote’s $20 billion refinery purchased 100,000 barrels of crude worth $7.2 million from the Nigerian National Petroleum Company Limited, NNPC, …