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KEY POINTS Global oil markets tightened sharply after Donald Trump vowed to intensify attacks on Iran, sending prices for near-term crude deliveries to record premiums over later contracts. Traders rushed …

KEY POINTS Officials of the Dangote Petroleum Refinery have denied reports that the Nigerian National Petroleum Company Limited allocated seven crude oil cargoes to the facility for May, stating that …

KEY POINTS Adeleye Falade has officially assumed office as Managing Director and Chief Executive Officer of Nigeria LNG Limited, taking over leadership of the company at its corporate headquarters in …

KEY POINTS TotalEnergies is awaiting a court judgment on whether it can proceed with its planned exploration drilling in the Orange Basin offshore South Africa, following the conclusion of a …

KEY POINTS Nigeria has become an important alternative supplier of aviation fuel to Europe as geopolitical tensions between the United States and Iran disrupt traditional supply routes from the Middle …

KEY POINTS Nigeria’s crude oil reserves fell slightly to 37.01 billion barrels as of January 1, 2026, down from 37.28 billion barrels recorded a year earlier, according to the Nigerian …

KEY POINTS Abu Dhabi-based investment holding group 2PointZero announced that its subsidiary ePointZero will acquire all equity interests in US natural gas infrastructure company Traverse Midstream Partners for $2.25 billion. …

KEY POINTS Microsoft, Chevron and investment firm Engine No. 1 have entered into an exclusivity agreement to develop power generation and supply projects, as technology companies scramble to secure electricity …

KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has called on the World Bank to support efforts to mobilise about $22 billion to bridge Nigeria’s gas infrastructure …

KEY POINTS AGOCO has resumed production at its stalled Nafoura well, now yielding 1,200 barrels per day (bpd). Chairman Mohamed Ben Shatwan revealed that the company is pursuing modern U.S. …