Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has executed concession contracts and commenced the issuance of 19 Petroleum Prospecting Licences (PPLs) to successful bidders in the 2024...
Renaissance Africa Energy Company Limited has called for stronger alignment across the gas value chain to unlock Africa’s energy potential, strengthen energy security, and accelerate industrialisation....
Oil prices touched their highest levels in more than two weeks on Wednesday after President Donald Trump said he believed the cease-fire with Iran was over....
Renaissance Africa Energy Company Limited has made a significant hydrocarbon discovery following the successful delivery of the JK-004 exploration well, located in shallow waters offshore Nigeria,...
Nigeria’s UTM Offshore said on Tuesday it had secured a 15-year gas supply agreement, removing a major obstacle to a final investment decision on its $3...
Dangote Group has said it plans to finance a proposed 700,000-barrel-per-day oil refinery in Kenya through internal cash flow, bonds and an initial public offering, a...
Oil prices were little changed on Monday, trading around pre-Iran war levels as Saudi Arabia slashed its official selling prices, OPEC+ approved another production target increase...
Seplat Energy Plc says it has ended routine gas flaring across its onshore operations in Nigeria, describing the milestone as a major step in its commitment...
Oil prices fell more than 1% to a four-month low on Thursday as concerns over supply disruptions eased after mediator Qatar said Iran and the U....
Dangote refinery has imported 2 million barrels of crude from ADNOC of the United Arab Emirates, traders told Reuters, marking its first such purchases of crude...
Minister of State for Petroleum Resources, Heineken Lokpobiri, has directed petroleum marketers to immediately reflect the recent decline in global oil prices by reducing the pump...
Oil prices gained more than 1% on Monday after attacks by the U.S. and Iran underscored the fragility of their interim peace deal, while cautious hopes...
The Federal Competition and Consumer Protection Commission (FCCPC) has expressed concern over findings from an ongoing surveillance of the downstream petroleum market suggesting undue exploitation of...
The latest Global Gas Flaring Tracker, an independent report of gas flaring worldwide, said that global gas flaring rose for the third consecutive year in 2025,...
A drop in oil prices after a fragile U.S.-Iran truce has helped ease immediate inflationary pressure in many emerging markets, but cheaper oil alone will not...