Oil & Gas
Seplat Energy Completes $1.28 Billion Acquisition of Mobil Producing Nigeria Unlimited
Seplat Energy Plc has successfully concluded its $1.28 billion acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil. This marks...
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Oando Plc To Boost Oil and Gas Production with NNPC Partnership
Indigenous oil company Oando Plc has revealed plans to boost its oil production to over 100,000 barrels per day and...
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Afreximbank Supports Nigeria’s Energy Transition to Produce 10,000 barrels of oil per day (bpd)
As the global push for cleaner energy gains momentum, Afreximbank has pledged to support investors with the capacity to produce...
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Oil Prices Drop Ahead of OPEC+ Meeting on Production Cuts
Oil prices declined by nearly 2% on Wednesday as the market awaited decisions from the Organisation of the Petroleum Exporting...
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Port Harcourt Refinery Resumes Operations, Promises Relief for SMEs and the Economy
The Port Harcourt Refining Company (PHRC) Ltd has resumed crude oil processing, marking a pivotal moment for Nigeria's energy sector....
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Dangote Refinery Reduces Petrol Price for Marketers
Dangote Refinery has announced a reduction in the price of Premium Motor Spirit (PMS), also known as petrol, for marketers....
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10,000 Oil Marketers May Shut Over Soaring Fuel Prices
Nigeria’s fuel consumption has dropped drastically, with oil marketers facing immense losses and nearly 10,000 dealers on the brink of...
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Nigeria Government to Ban Export of Cooking Gas, Check Why
The Federal Government of Nigeria has announced an immediate halt to the export of locally produced Liquefied Petroleum Gas...
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Dangote Refinery to Withdraw Lawsuit Against NMDPRA Over Petroleum Import Licences
The Dangote Group has announced that its subsidiary, Dangote Petroleum Refinery and Petrochemicals, plans to withdraw its lawsuit against the...
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TotalEnergies to Invest in Bonga North Offshore Project, Expanding Nigerian Offshore Operations
TotalEnergies has secured board approval for a major investment in Nigeria's Bonga North Offshore project, reinforcing its commitment to expanding...
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