$10bn Train-7 project hits 80% completion – LNG
Nigeria LNG Limited has announced that its $10 billion Train-7 gas project on Bonny Island, Rivers State, is now 80% complete. This…
Oil and Gas
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Oil prices rise as OPEC+ maintains output
Oil prices surged by more than $1 per barrel on Monday after OPEC+ announced a July production increase matching the modest hikes…
TotalEnergies sells Bonga oil field stake to Shell
TotalEnergies has announced that its Nigerian subsidiary, TotalEnergies EP Nigeria, has signed an agreement with Shell Nigeria Exploration and Production Company Ltd…
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 members, moving it forward by one day…
IPMAN accuses NMDPRA of withholding fuel bridging claims
The National President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Shettima, has raised concerns over unpaid fuel bridging claims by…
Dangote refinery cuts petrol prices nationwide
Dangote Petroleum Refinery has lowered the pump price of Premium Motor Spirit across Nigeria. The new prices are set at N875 per…
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% within its first month of operations. According…
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 acreage. This was disclosed in a statement…
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 to boost production and strengthen its presence…
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 after the United States and China announced…
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 profit, citing lower crude oil prices and…
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 Mozambique’s national petroleum company, PETROMOC, to build…