Oil & Gas

KEY POINTS Nigerian households are projected to spend about ₦296.3 billion on cooking gas in June 2026 as a worsening Liquefied Petroleum Gas, LPG, supply crisis pushes prices sharply higher. …

KEY POINTS The Dangote Petroleum Refinery and Petrochemicals FZE has accused the Federal Government and its agencies of deliberately frustrating its operations in Nigeria’s downstream petroleum sector, describing the situation …

KEY POINTS The President of the State Oil Company of Azerbaijan Republic, SOCAR, Rovshan Najaf, held discussions with John Ardill, Vice President of ExxonMobil Corporation, on the sidelines of the …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission,NUPRC, has assured stakeholders that Nigeria’s crude oil and gas production continues without disruption, despite an ongoing industrial action by workers under the …

KEY POINTS US energy major Chevron Corporation is reportedly considering new upstream investment opportunities in Tanzania after expressing interest in oil and gas exploration during recent discussions with the country’s …

KEY POINTS Global oil markets may be heading toward another price shock as top energy executives warn that tightening supply conditions could push crude prices significantly higher in the coming …

KEY POINTS The Dangote Petroleum Refinery has achieved a major global milestone, becoming the world’s largest single exporter of aviation fuel in April, as supply disruptions in the Middle East …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC recorded a sharp increase in its financial performance in April 2026, with revenue rising to N4.97 trillion from N2.77 trillion in …

KEY POINTS The Federal Capital Territory High Court in Abuja has dismissed a $19.6 million lawsuit filed against the Nigerian National Petroleum Company Limited, NNPC Ltd, by Alternate Dimensions Ventures …

KEY POINTS The prolonged blockade of the Strait of Hormuz has completely reshuffled the global oil order. Satellite imagery analyzed by German business publication WirtschaftsWoche and earth observation firm LiveEO …