African Export-Import Bank and the Midstream and Downstream Gas Infrastructure Fund (MDGIF) have signed a landmark memorandum of understanding (MoU) to establish…
Category:
Oil and Gas
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Oil prices rose by nearly 2% on Friday after a Ukrainian drone attack on a Russian port suspended loadings, outweighing pressure from…
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Nigeria Liquefied Natural Gas Limited has highlighted the transformative role of Artificial Intelligence in enhancing operational efficiency, safety, and productivity across its…
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Oil prices rose in the global commodities markets on Wednesday due to concerns about potential supply interruptions caused by rising geopolitical tensions…
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Nigerian National Petroleum Company Limited (NNPCL) says the country is targeting 60 billion dollars in new investments over the next five to…
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A coalition of civil society organizations on Wednesday raised the alarm over what it described as a coordinated smear campaign against the…
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Angola’s Minister of Mineral Resources, Petroleum and Gas Diamantino Azevedo announced that the country’s next licensing round will be opened by Q4,…
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Oil and Gas
African petroleum producers organization to finalize launch date for Africa Energy Bank at next ministerial meeting
Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers Organization (APPO) has said that the launch date for the Africa Energy…
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Oil and Gas
Indian Oil Corp buys 2m barrel of Nigeria crude as crude oil falls on signs of weak demand
Top Indian refiner Indian Oil Corp has skipped the purchase of U.S. oil in its latest tender and instead bought 2 million…
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The gasoline unit at Nigeria’s 650,000 barrel-per-day Dangote refinery may be shut for 2-3 months for repairs, industry monitor IIR Energy told…
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Oil prices fell Thursday as expectations grew that the Organization of the Petroleum Exporting Countries (OPEC) and its allies could agree to…
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In the global commodity market on Tuesday, prices of crude oil climbed over escalating tensions between Russia and Ukraine renewed supply concerns…
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Russia and China have signed a legally binding memorandum for the construction of a new gas pipeline through Mongolia to China. Alexei…
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Oil and Gas
Nigeria signs deepwater oil contract with TotalEnergies as oil rises on weaker dollar and Russian supply disruptions
Nigeria has signed a production-sharing contract (PSC) with TotalEnergies and local firm South Atlantic Petroleum for two offshore blocks, in a step…
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Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says Nigeria’s gas flaring has fallen to 7.16 per cent in July 2025, while daily gas…