Oil & Gas

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 …

KEY POINTS Nigeria is beginning to feel the economic weight of the Dangote Refinery, with the facility now saving the country more than N10 billion annually in foreign exchange as …

Oil prices drifted sideways on Thursday, leaving traders to balance the faint promise of movement on peace talks between Russia and Ukraine against the drag of Western sanctions on Moscow’s …

Nigeria’s domestic gas supply has received a significant boost after the NNPC and Heirs Energies joint venture on OML 17 added 135 million standard cubic feet of gas per day …

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 …