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KEY POINTS The Chief Executive Officer of Chevron Corporation, Mike Wirth, has said that while recent changes to Venezuela’s oil policies signal progress, more reforms are needed to fully revive …

KEY POINTS Global natural gas markets are facing renewed pressure as escalating tensions in the Middle East threaten the stability of liquefied natural gas, LNG, supply chains, raising concerns over …

KEY POINTS Oil prices fluctuated sharply on Friday, ultimately closing mixed. Brent crude rose slightly to $105.33 per barrel, while U.S. West Texas Intermediate (WTI) fell to $94.40. Despite the …

KEY POINTS The Nigerian National Petroleum Company Limited has entered into a strategic partnership with Sonatrach, Algeria’s national oil company, to strengthen collaboration in research, development, and innovation within the …

KEY POINTS East African countries are exploring plans to jointly develop a large oil refinery at the port of Tanga in Tanzania, in a move aimed at reducing dependence on …

KEY POINTS Sierra Leone has signed a petroleum licence agreement with Nigeria-based Marginal Energy Limited, granting the company offshore exploration and production rights as part of efforts to revive its …

KEY POINTS Crude oil supply from the Nigerian National Petroleum Company, NNPC, Limited increased significantly in April 2026, with over 1.03 million metric tonnes delivered to the Dangote Oil and …

KEY POINTS Saipem has secured a $150 million contract from ExxonMobil Guyana to kick off early-stage work on the Longtail offshore development. The limited notice to proceed allows the company …

KEY POINTS Pan-African billionaire Benedict Peters has deployed three aircraft equipped with advanced sensors to map underground mineral resources in Madagascar. The move formalises a December 2025 agreement between his …

KEY POINTS Dangote Group is accelerating its diversification into high-value petrochemicals, with its refinery in Lekki, Lagos set to commence large-scale production of key industrial chemicals used in plastics and …