Conoil Plc, one of Nigeria’s oldest petroleum marketing companies, has reported a significant drop in its profit after tax for the half-year period ended June 30, 2025. According to the …
The Chairman of Libya’s National Oil Corporation (NOC), Engr. Masoud Suleiman, has called on Schlumberger Middle East (SLB), one of the world’s leading oilfield service companies, to establish branches of …
The Minister of Petroleum Resources (Oil), Heineken Lokpobiri, has called on Engineering, Procurement, and Construction (EPC) companies that exited Nigeria in recent years to return, as the country pushes for …
The Group Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPC), Mr. Bayo Ojulari, has dismissed recent rumours about his resignation, saying he remains focused on attracting more investment …
The African Export-Import Bank (Afreximbank) has given a major financial boost to Dangote Industries Limited (DIL) by approving a $1.35 billion loan facility to support its massive refinery project. This …
The Auditor General of Kenya has raised serious concerns over the fuel price stabilization program and the Government-to-Government (G-to-G) petroleum importation scheme carried out during the 2023/2024 financial year. In …
British oil and gas company Shell Plc has reported a 23% fall in net profit for the first half of 2025, blaming the decline on weaker energy prices and global …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has intensified efforts to boost the country’s crude oil production, with a renewed focus on unlocking 810,000 barrels per day (bpd) from Nigeria’s …
Angola is making strong progress in reducing its oil-backed debt to China, with government officials saying the total could drop to between $7.5 billion and $8 billion by the end …
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Bayo Ojulari, has given fresh assurance that the $2.8 billion Ajaokuta–Kaduna–Kano (AKK) Natural Gas Pipeline project …