Category: Oil and Gas

Oil prices rise as OPEC+ maintains output

Oil prices surged by more than $1 per barrel on Monday after OPEC+ announced a...

TotalEnergies sells Bonga oil field stake to Shell

TotalEnergies has announced that its Nigerian subsidiary, TotalEnergies EP Nigeria, has signed an agreement with...

OPEC+ moves crucial July output decision to May 31

OPEC+ has rescheduled a critical video-conference to determine July oil production levels for eight key...

IPMAN accuses NMDPRA of withholding fuel bridging claims 

The National President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Shettima, has raised...

Dangote refinery cuts petrol prices nationwide

Dangote Petroleum Refinery has lowered the pump price of Premium Motor Spirit across Nigeria. The...

Renaissance Africa exceeds production target by 40% in debut month

Renaissance Africa Energy Company Limited has announced it exceeded its oil production target by 40%...

Brazil’s Petrobras plans return to Nigeria’s oils sector

Brazil’s state-owned oil giant, Petrobras, is poised to re-enter Nigeria’s oil industry, targeting frontier deepwater...

Seplat Energy to reactivate 400+ idle wells to boost oil output

Seplat Energy has announced plans to reactivate over 400 idle oil wells across its assets...

Oil prices surge over 3% after US-China tariff rollback deal

Oil prices soared more than 3% in Asian trading on Monday, hitting fresh intraday highs...

Saudi Aramco reports 5% drop in Q1 profit amid lower oil prices

Saudi Aramco, the world’s largest oil producer, reported a 5% year-on-year decline in first-quarter net...

Aiteo partners PETROMOC for new refinery project in Mozambique

Aiteo Eastern E&P Company Limited, a Nigerian energy firm, has entered into an agreement with...

Renaissance confirms oil leak, suspends operation on Rivers pipeline

Renaissance Africa Energy Company Limited announced on Tuesday that it has suspended crude oil shipments...