Oil & Gas

KEY POINTS This week, Nigeria’s flagship Bonny Light crude recovered from previous drops, hovering around $70 per barrel as Indian refiners increased their purchases and geopolitical tensions in Europe sparked …

KEY POINTS Libya’s National Oil Corporation, NOC, is preparing to host a landmark joint energy forum with American investors, a move designed to restore confidence and channel fresh capital into …

KEY POINTS As it gets ready to put its second Cabinda refinery online next month, Angola is working harder to connect the growth of its oil infrastructure with the training …

KEY POINTS After-tax earnings for the Nigerian National Petroleum Company Limited, NNPC, fell to ₦185 billion ($126 million) in July from ₦905 billion the month before, marking one of the …

KEY POINTS Libya’s eastern-based parliament is preparing to ratify a gas exploration accord that would give Turkey access to the North African nation’s Mediterranean waters, according to people familiar with …

KEY POINTS In July, Nigeria’s petrol prices slightly decreased, providing little respite to consumers from months of high energy prices that still have a significant impact on household budgets and …

KEY POINTS As ExxonMobil continues to link its long-term presence in Nigeria to larger investments in human capital, the company has recognized its Nigerian affiliates for their contributions to innovation …

KEY POINTS European oil majors are reshaping their portfolios to attract capital for decarbonization projects, as evidenced by Eni SpA’s agreement to sell Global Infrastructure Partners a 49.9% stake in …

KEY POINTS Global fuel trade routes are being redrawn by Nigeria’s $20 billion Dangote refinery, endangering the existence of some of Europe’s most vulnerable plants. Refiners throughout the continent are …

KEY POINTS For two months in a row, Nigeria has maintained OPEC crude production above the 1.5 million barrels per day mark, bolstering its attempts to win back investor trust …