Oil & Gas

Senegal’s opposition coalition, backed by Ousmane Sonko, proposes a new national currency and sweeping contract renegotiations, signaling a major economic overhaul if elected.

January sees a sharp 3.55% hike in LPG prices, stressing Nigerian households further amidst ongoing economic difficulties.

Amid rising import duties, Nigerian importers pivot to neighboring countries, escalating concerns over cargo diversion, economic instability, and potential job losses in the maritime and import sectors.

Nigeria, Africa’s largest oil producer, has the cheapest petrol price in West Africa, even after the recent devaluation of its currency, the naira, against the US dollar. According to data …

Gabon secures a strategic victory by acquiring a 75% stake in Assala Energy, demonstrating its commitment to enhancing national sovereignty and boosting the country’s oil sector revenue.

Eni and TotalEnergies have announced a major success in their exploration activities in Block 6 offshore Cyprus, where they have made a significant gas discovery at the Cronos-2 well. The …

Galp Energia, a Portuguese energy company, has announced a significant oil discovery in the Orange Basin, offshore Namibia. The company said the Mopane-1X well encountered two large oil columns in …

Governor AbdulRazaq reveals Nigeria’s oil revenue for the next six months is pre-sold, urging citizens to support government efforts during economic adjustments.

The NNPCL spends heavily on security amid rising challenges, putting Nigeria’s oil production and sector profitability at risk.

Shell Petroleum Development Company of Nigeria Limited (SPDC) and its joint venture partners have announced a final investment decision to build a dedicated facility for gas supply to Dangote Fertiliser …