The federal government has inaugurated the 2026 oil and gas licensing round, offering 40 blocks across land, shallow water and deepwater terrains to local and foreign...
President Bola Tinubu says recent reforms in Nigeria’s oil and gas sector are designed to unlock up to 50 billion dollars in new deep offshore investments....
Oil prices edged lower on Monday after crude exports from the Middle East increased and the Group of Seven nations pledged to boost supplies, though selling...
OPEC+ agreed to keep oil production targets steady for November at a meeting on Sunday, the producer group said, in line with expectations that further...
Nigerian billionaire Aliko Dangote’s $16bn oil refinery in Kenya faces another legal challenge, this time from a consumer-rights group alleging that key details about the project...
African Development Bank Group and OPEC Fund have strengthened efforts to improve environmental and social safeguards in development projects across Africa. According to a statement by...
NNPC Limited has declared profit after tax of ₦7.2 trillion for its 2025 financial year, from ₦5.4 trillion achieved in 2024. Bashir Ojulari, the Group Chief...
National Assembly has tasked the Federal Government to declare Bille Kingdom in Degema Local Government Area of Rivers State an emergency zone following the gas leaks...
A Federal High Court in Abuja has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA to continue granting and renewing petroleum products import licences...
Oil prices climbed about 2% on Monday after US President Donald Trump rejected a peace deal from Iran to resolve their conflict and reopen the Strait...
TotalEnergies, said on Monday it was increasing fourth-quarter share buybacks to $2.5 billion, up from $1.5 billion in recent quarters, and guided for a further step-up...
Dangote Refinery is to undertake the ground breaking ceremony of its proposed $17 billion refinery in Kenya on Friday Sept. 30, 2026. William Ruto, the Kenyan...
Oil prices fell about 3% on Friday, on mounting hopes for a truce between the U.S and Iran, even as traders worried that increasing attacks against...
Daily petrol receipts in Nigeria rose by 11 per cent to 50.5 million litres in August, the Nigerian Midstream and Downstream Petroleum Regulatory Authority reported. NMDPRA...
Oil prices jumped about 4% to a one-week high on Thursday after Yemen’s Iran-backed Houthis fired missiles at Saudi Arabia and diplomatic talks between the US...