Oil & Gas
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UAE to double oil export, bypassing Hormuz Strait by 2027
In a move to reduce reliance on shipping chokepoints on the Strait of Hormuz, the United Arab Emirates will double…
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NNPC makes case for stronger gas financing in Africa
The Nigerian National Petroleum Company Limited (NNPCL) has called on African countries to strengthen financing structures and improve payment systems…
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Dangote renews legal battle with Nigeria over fuel import permits
Dangote Petroleum Refinery has launched a fresh lawsuit seeking to overturn fuel import licences issued to the Nigerian National Petroleum…
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Local content implementation hits 61% with 50,000 jobs – NCDMB
The Nigerian Content Development and Monitoring Board (NCDMB) has disclosed a milestone in the implementation of local content in the…
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Shell, other energy giants report higher profits amid Iran war
Shell has joined energy giants with a rise in profits following the sharp increase in oil prices since the beginning…
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Australia plans one billion litre national fuel stockpile
Australia has disclosed plans to establish a national fuel stockpile of one billion litres to prevent the nation from an…
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Local refiners records lower crude supply in Q1, 2026
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed crude supply shortage to local refineries in the first quarter of…
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Dangote Refinery Raises Petrol Price To N1,350/Litre
Dangote Refinery has increased its ex-depot price of Premium Motor Spirit (petrol) from N1,275 to N1,350 per litre. The new…
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Trump to halt Hormuz operation to strike deal with Iran
United States President Donald Trump has mulled move to pulse the US military operation to escort ships through the Strait…
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African oil producers reject advocacy against fossil fuel development
African oil producers are resisting pressure from climate activists seeking transition to cleaner energy which could lead to abandonment of…
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