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KEY POINTS Fresh pressure is building on petrol prices in Nigeria after the estimated landing cost of petrol rose to ₦1,311.36 per litre, exceeding the current ₦1,265 per litre gantry …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, is set to modernise more than 900 retail stations across Nigeria by introducing solar power, electric vehicle (EV) charging facilities and …

KEY POINTS Angola has announced a new oil discovery in the country’s mature offshore Block 15, raising hopes of additional production from an area that has already delivered billions of …

KEY POINTS The Transmission Company of Nigeria, TCN, has declared force majeure on the 330kV Kainji-Birnin Kebbi transmission line after one of its towers collapsed during heavy winds and rainstorms. …

KEY POINTS ExxonMobil is set to take over operatorship of the Papua LNG project in Papua New Guinea from TotalEnergies as part of a broader restructuring aimed at streamlining the …

KEY POINTS Italian energy company Eni and Venezuela’s state-owned oil giant PDVSA have signed a 25-year hydrocarbons participation contract covering the development of the giant Junín 5 heavy oil field …

KEY POINTS Aliko Dangote, President and Chief Executive Officer of the Dangote Group, has announced that Nigerians can subscribe to the proposed Initial Public Offering, IPO, of Dangote Petroleum Refinery …

KEY POINTS The Dangote Petroleum Refinery is targeting expansion that would make it the largest refinery in the world by 2028, according to Dangote Group President and Chief Executive Officer, …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has denied ownership of a tanker bearing its markings after the vehicle was intercepted in Ondo State with 2,145 kilogrammes of …

KEY POINTS Eni and PETRONAS have agreed to jointly explore the development of a new generation of high-performance bio-gasoline made from renewable raw materials. The two energy companies signed a …