Oil & Gas

KEY POINTS The average price of petrol in Nigeria surged to ₦1,037.66 per litre in June, up nearly 40% from a year earlier, as government deregulation continues to ripple through …

KEY POINTS Egypt has signed a fresh exploration deal with energy giants Eni SpA and BP Plc, giving the firms the green light to drill for oil and natural gas …

KEY POINTS ExxonMobil is preparing to ink a conditional deal for offshore gas exploration in Libya, according to a statement by the U.S.  Embassy in Tripoli—potentially signaling the American energy …

KEY POINTS Hill International, a U.S.-based construction management firm, has secured a $235 million contract to oversee a long-delayed offshore development in Libya, as the war-battered North African nation tries …

KEY POINTS Petrol importers in Nigeria have significantly slashed prices below the rates offered by the Dangote Petroleum Refinery, setting off a fierce price battle that is reshaping the dynamics …

KEY POINTS TotalEnergies has commenced oil production from two new offshore developments in Angola—Begonia and CLOV Phase 3—bringing a combined total of 60,000 barrels per day (bpd) to the country’s …

KEY POINTS Spanish energy major Repsol has significantly increased its oil production in Libya in 2025 following the reactivation of 12 previously dormant wells and a renewed focus on drilling …

KEY POINTS Egypt is poised to significantly boost its liquefied natural gas, LNG, imports through the end of the decade as domestic production fails to keep pace with soaring demand, …

KEY POINTS Shell is expanding its natural gas operations in Egypt, reaffirming its long-term commitment to the country’s energy sector.  During a high-level meeting held in Cairo, Karim Badawi, Egypt’s …

KEY POINTS Thousands of Trees Planted as Libya’s NOC Enters Third Phase of Million-Tree Initiative Libya’s National Oil Corporation, NOC, has announced the commencement of Phase Three of its ambitious …