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Oil & Gas - Page 2

Insurance Retreat, Iraq Warning, China’s Pressure Deepen Strait of Hormuz Crisis

Traffic through the Strait of Hormuz the narrow, strategically vital waterway linking the Persian Gulf to the Gulf of Oman has slowed sharply amid escalating regional tensions, threatening one of the world’s most critical energy arteries. The passage carries roughly a fifth

March 4, 2026

News·Oil & Gas·Top Stories

NCDMB Reaffirms Support for APPO, Africa Energy Bank

The Nigerian Content Development and Monitoring Board (NCDMB) has reiterated its commitment to supporting the African Petroleum Producers Organisation (APPO) and the newly established Africa Energy Bank (AEB), describing both institutions as critical to the future of Africa’s oil and gas industry.

February 6, 2026

News·Oil & Gas·Top Stories

Dangote Refinery Highlights Fuel Distribution Capacity, Warns of Rising Costs from Coastal Logistics

Dangote Refinery has outlined key facts about its fuel production and distribution operations, warning that increased reliance on coastal transportation could significantly raise petrol prices and impose a heavy cost burden on the Nigerian economy, Prime Business Africa reports. In a press

February 6, 2026

Oil Production: Nigeria Again Exceeds OPEC Quota In 2025

News·Oil & Gas·Top Stories·World News

Crude Oil Prices Climb to $68 Amid Middle East Tensions

Global crude oil prices rose sharply on Thursday, reaching their highest level since September 2025, amid concerns that tensions between the United States and Iran could disrupt supply. Brent crude, the international benchmark, increased 2.2% to $68.88 per barrel, while US West

January 29, 2026

Diaspora·News·Oil & Gas·Top Stories

UK Court Puts Alison-Madueke on Trial Over Alleged Oil-Sector Bribes

Former Nigerian Minister of Petroleum Resources, Diezani Alison-Madueke, on Tuesday appeared before a London court and entered a not-guilty plea to multiple bribery charges linked to her time at the helm of Nigeria’s oil sector, Prime Business Africa reports. Opening the case

January 28, 2026

News·Oil & Gas·Top Stories

NNPC Ltd, Chevron Celebrate Major Hydrocarbon Discovery in Niger Delta

The Nigerian National Petroleum Company Limited (NNPC Ltd) has hailed Chevron Nigeria Limited (CNL) for the successful completion of the Awodi‑07 appraisal and exploration well in the shallow offshore western Niger Delta, Prime Business Africa reports. The well, drilled as part of

January 26, 2026

Business·Diaspora·News·Oil & Gas

Oranto Petroleum Rejects Senegal Government’s Claims on Offshore Licences

Oranto Petroleum has dismissed what it described as a “false narrative” by the Government of Senegal over the St Louis and Cayar offshore oil and gas licences previously operated by the company, insisting it complied with its contractual obligations and invested heavily

January 25, 2026

News·Oil & Gas·Top Stories

Elumelu Appointed Seplat Energy Non-Executive Director as Board Restructures

Seplat Energy Plc has appointed billionaire investor and philanthropist, Mr Tony O. Elumelu, CFR, as a Non-Executive Director on its Board, with effect from January 22, 2026, following recent changes in the company’s ownership structure. The appointment comes on the heels of

January 23, 2026

News·Oil & Gas·Startup·Top Stories

Seplat’s ANOH Gas Plant Delivers First Gas, Begins Domestic LPG Supply

Seplat Energy Plc has recorded a major milestone in Nigeria’s gas development drive with the commencement of production at its 300 million standard cubic feet per day (MMscfd) Assa North–Ohaji South (ANOH) gas processing plant, marking the delivery of first gas to

January 20, 2026

News·Nigeria·Oil & Gas·Top Stories

NNPC Sets 2026 Agenda After Record Oil Output

Nigeria’s state oil company, NNPC Limited, has reported record production and outlined plans to drive investment and operational efficiency in 2026. In a New Year address to staff, Group Chief Executive Officer Bashir Bayo Ojulari highlighted milestones from 2025, including upstream oil

January 19, 2026

Business·News·Nigeria·Oil & Gas·Top Stories

Dangote Refinery Dismisses Shutdown Claims

Dangote Petroleum Refinery has denied reports that it is shutting down for maintenance, insisting that production is continuing and that supplies of petrol remain stable. In a statement, the company described the reports as “false and misleading”, saying operations at the refinery

January 15, 2026

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Dangote Cement Records 20% Increase in 2025 Revenue

Dangote Cement Plc reported a 20.3 percent rise in revenue

Aston Martin to Cut 20% of Workforce Over Rising Losses

British luxury carmaker Aston Martin has announced plans to reduce

CPPE Warns Nigeria’s $6bn Capital Inflow Surge May Be Fragile Despite Rebound

Nigeria recorded a sharp increase in foreign capital inflows in

Nigerian Stock Market Cap Extends Decline With N73.44bn Loss

Ellah Lakes’ N235 Billion Public Offer Falls Flat: Investors to Receive Refunds

Ellah Lakes Plc’s ambitious N235 billion public offer has ended

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Oil & Gas - Page 2

Insurance Retreat, Iraq Warning, China’s Pressure Deepen Strait of Hormuz Crisis

NCDMB Reaffirms Support for APPO, Africa Energy Bank

Dangote Refinery Highlights Fuel Distribution Capacity, Warns of Rising Costs from Coastal Logistics

Crude Oil Prices Climb to $68 Amid Middle East Tensions

UK Court Puts Alison-Madueke on Trial Over Alleged Oil-Sector Bribes

NNPC Ltd, Chevron Celebrate Major Hydrocarbon Discovery in Niger Delta

Oranto Petroleum Rejects Senegal Government’s Claims on Offshore Licences

Elumelu Appointed Seplat Energy Non-Executive Director as Board Restructures

Seplat’s ANOH Gas Plant Delivers First Gas, Begins Domestic LPG Supply

NNPC Sets 2026 Agenda After Record Oil Output

Dangote Refinery Dismisses Shutdown Claims

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NCDMB Seals Radisson Deal for 204-Room Hotel in Yenagoa, Targets December 2026 Opening

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Dangote Cement Records 20% Increase in 2025 Revenue

Aston Martin to Cut 20% of Workforce Over Rising Losses

CPPE Warns Nigeria’s $6bn Capital Inflow Surge May Be Fragile Despite Rebound

Ellah Lakes’ N235 Billion Public Offer Falls Flat: Investors to Receive Refunds

NCDMB Seals Radisson Deal for 204-Room Hotel in Yenagoa, Targets December 2026 Opening

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