KEY POINTS ExxonMobil is seeking to unlock more value from Nigeria’s deepwater oil and gas resources through advanced technology, integrated workflows and stronger collaboration across the industry. The American energy …
oil and gas
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Capricorn Energy has raised its full-year production outlook on strong Egyptian output, as a bidding war between DNO and Genel for the producer rumbles on.
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Nigeria’s Dangote Group will sign documents for its refinery IPO, Africa’s biggest-ever share sale, at a Lagos ceremony on Monday after winning regulatory approval.
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KEY POINTS Oando Energy Resources, the upstream subsidiary of Oando PLC, has called for stronger collaboration among governments, regulators, oil and gas companies and host communities to unlock investment and …
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PetroChina’s first-half net profit jumped 22 percent to 103.94 billion yuan on higher oil prices, even as weak Chinese demand pushed fuel sales lower.
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KEY POINTS Chevron has announced a significant oil and gas condensate discovery at an exploration well in Block 0, offshore Angola, strengthening the energy giant’s efforts to expand production in …
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In the NewsOil & Gas
Deep Offshore Incentives to Unlock $50bn Investment, Raise Nigeria’s Oil Output — NNPC
KEY POINTS The Federal Government’s new fiscal incentives for deep offshore oil and gas projects are expected to attract more than $50 billion in fresh investment and help Nigeria significantly …
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KEY POINTS Oil and gas companies operating in Nigeria remitted a combined $6.755 billion and N1.529 trillion in statutory contributions to the Niger Delta Development Commission between 2021 and 2025, …
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Nigeria earned $2.53 billion from gas exports in Q1 2026 as the CBN reported a 256% surge in the country’s current account surplus to $4.98 billion.
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In the News
Shell Names Elohor Aiboni First Nigerian Country Chair as Marno de Jong Exits After 34 Years
Shell has appointed Elohor Aiboni as its first Nigerian Executive Vice President and Country Chair Nigeria, effective August 1, replacing Marno de Jong.