A fresh oil spill has ignited a bitter dispute between Azuzuama community in Southern Ijaw Local Government Area, Bayelsa State and oil operator Oando, with both...
Nigeria’s Dangote Petroleum Refinery has raised $2.5 billion through a private placement as it seeks to strengthen its financing structure, company executive Devakumar Edwin confirmed on...
Oil prices edged lower on Thursday but held near the highest since mid-June as the Iran war escalated, with Tehran asking Yemen’s Houthi movement to be...
Brent crude climbed above $85 a barrel on Wednesday after US President Donald Trump threatened to target Iran’s energy infrastructure if negotiations fail, reviving concerns that...
Dangote Petroleum Refinery has begun pricing fuel products for the local market in U.S. dollars, with a company spokesperson on Tuesday citing difficulties securing sufficient crude...
Oil prices climbed nearly 2% on Tuesday as renewed US military action against Iran and heightened security concerns surrounding the Strait of Hormuz reinforced fears of...
Oil prices rose more than 4% on Monday after U.S. President Donald Trump said the United States was reinstating a naval blockade on Iran, reigniting concerns...
Nigeria’s crude oil and condensate production soared to an average of 1,735,398 barrels per day in the month of June 2026, representing positive growth for a...
Oil prices fell on Friday after the latest round of U.S.-Iran fighting, as traders grew hopeful that shipping would eventually resume in the Strait of Hormuz,...
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...