KEY POINTS Libya’s National Oil Corporation, NOC, is moving to deepen its collaboration with energy giant Schlumberger as the country looks to stabilize production and expand technical capacity after years …
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Dangote refinery delivers its first gasoline cargo to the U.S., marking a milestone in Nigerian gasoline exports and global fuel trade
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South Africa secures long-term leases for oil majors at Durban fuel hub, ending uncertainty and reinforcing national energy supply security
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KEY POINTS Aliko Dangote isn’t known for understatement. But when the billionaire industrialist declared that his 650,000-barrels-a-day refinery had ended Nigeria’s half-century struggle with fuel queues, it was a statement …
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In the NewsMarketsOil & Gas
Nigeria’s Petrol Import Bill Hits ₦4 Trillion in Just Six Months as Refining Lags
KEY POINTS Nigeria has spent a staggering ₦4 trillion ($2.58 billion) on petrol imports in the first half of 2025, according to fresh trade data that underscores the country’s stubborn …
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KEY POINTS The Economic and Financial Crimes Commission (EFCC) has stepped up its investigation into former Nigerian National Petroleum Corporation (NNPC) Group Managing Director Mele Kyari, directing him to report …
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KEY POINTS The Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has accused Dangote Petroleum Refinery of sponsoring divisions within its Petroleum Tanker Drivers (PTD) branch and obstructing workers’ …
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KEY POINTS NNPC Gas Marketing Limited’s sudden increase in Compressed Natural Gas, CNG, prices for trucks, commercial vehicles, and private cars has raised alarm among motorists and industry observers. In …
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In the NewsMarketsOil & Gas
Dangote Petroleum Cuts Petrol Prices, Launches Direct Distribution Nationwide
KEY POINTS Dangote Petroleum Refinery announced a landmark reduction in the price of Premium Motor Spirit (PMS), commonly known as petrol, and unveiled plans to begin direct distribution to filling …
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KEY POINTS Egypt used the Gastech 2025 conference in Milan this week to deepen ties with global energy heavyweights, with Petroleum Minister Karim Badawi meeting senior executives from Chevron, Eni, …