KEY POINTS Shell has renewed its call for stronger safety standards across its operations and producing assets in Nigeria, stressing that the success of major oil and gas projects must …
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KEY POINTS The Federal Government has commissioned major upgrades at four electricity transmission substations in Lagos, adding about 360 megawatts (MW) of transmission capacity to the state’s power network. The …
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KEY POINTS ExxonMobil’s Nigerian affiliate, Esso Exploration and Production Nigeria (Offshore East) Limited, has commenced a major new phase of development at the Usan oil field with the arrival of …
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KEY POINTS The Nigerian equities market extended its losing streak to eight consecutive trading sessions on Thursday as investors continued to sell off shares in major companies, particularly Aradel Holdings …
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In the NewsMarketsOil & Gas
Oil Prices Hold Steady as Investors Weigh U.S.-Iran Tensions and Strait of Hormuz Risks
KEY POINTS Oil prices remained broadly stable in early Asian trading on Thursday as investors assessed the outlook for the U.S.-Iran conflict and uncertainty surrounding the movement of oil tankers …
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KEY POINTS The Chief Executive Officer of Seplat Energy, Engr. Effiong Okon, has urged independent oil and gas operators in Nigeria to make asset integrity a priority, warning that ageing …
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KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA has proposed new regulations aimed at preventing fuel marketers and other petroleum industry players from manipulating prices, creating artificial …
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KEY POINTS Eskom’s former chief executive, Andre de Ruyter, has come under renewed scrutiny after the utility’s chairman, Mteto Nyati, said the executive management team was disconnected from the realities …
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KEY POINTS Italian energy company Eni and Algeria’s state-owned oil and gas giant Sonatrach have expanded their cooperation on reducing greenhouse gas emissions from Algeria’s oil and gas industry. The …
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In the NewsOil & Gas
NMDPRA Pushes for Integrated West African Fuel Market as Dangote Refinery Reshapes Regional Supply
KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has called for the development of a fully integrated West African petroleum market as growing refining capacity begins to …