Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of global energy giant Shell, has acquired an additional 12.5 percent stake in Nigeria’s Bonga oil field from TotalEnergies, boosting …
Oil & Gas
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BusinessEconomyEnergyEnvironmentINVESTMENTNigeriaOil & Gas
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BusinessDangote IndustriesEconomyEnergyNewsNigeriaOil & GasPolicies
Petrol Marketers Expect Pump Price Drop as Crude Oil Prices Fall
Petroleum product marketers in Nigeria are expecting a possible drop in petrol pump prices this week, following a significant fall in international crude oil prices. This anticipated adjustment, according to …
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EnergyGOVERNMENTInfrastructureINVESTMENTOil & GasPolicies
Uganda Unveils Ambitious Energy and Minerals Plans to Power Growth by 2026
At the Uganda Chamber of Energy and Minerals (UCEM) Budget Breakfast Meeting held on June 20 at Four Points by Sheraton, Deputy Executive Director of the National Planning Authority (NPA), …
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BusinessEconomyEnergyGOVERNMENTINVESTMENTOil & Gas
NOG Energy Week 2025 to Host Top African Oil and Gas Leaders in Abuja
Some of the biggest names in Africa’s oil and gas industry are preparing to attend the 24th edition of NOG Energy Week, which will take place from June 29 to …
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BusinessEconomyFinance & ServicesNewsNigeriaOil & Gas
Oando Reports N113bn Profit in Q1 2025 After Tax Credit and Impairment Reversal
Oando Plc has recorded a profit after tax of ₦113.06 billion in the first quarter of 2025, showing a strong 90.5 percent rise compared to the ₦59.35 billion it posted …
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AviationBusinessGOVERNMENTOil & GasTransportation & Logisitics
NAMA Warns Oil Firms Over $300 Helicopter Landing Levy
The Nigerian Airspace Management Agency (NAMA) has issued a serious warning to oil and gas companies operating in the country, accusing them of failing to comply with the mandatory $300 …
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Heirs Energies Limited and Renaissance Africa Energy Company have announced a strategic partnership aimed at strengthening Nigeria’s oil and gas sector through indigenous leadership, local capacity development, and innovation. This …
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EconomyEnergyNigeriaOil & GasPoliticsTransportation & Logisitics
Petrol Hits N945 in Abuja, N915 in Lagos as Depots
Petrol pump prices rose sharply across the country on Monday, with filling stations operated by the Nigerian National Petroleum Company Limited (NNPCL) adjusting their rates to N945 per litre in …
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DevelopmentEconomyEnergyInfrastructureOil & Gas
East African Crude Oil Pipeline Now 62% Complete, Project Set for June 2026 Launch
Construction of the East African Crude Oil Pipeline (EACOP) has now reached 62 percent completion, with officials confirming that the entire project will be ready by June 2026. This was …
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BusinessEconomyEnergyMarketsOil & GasPolitics
Fuel Price May Hit N1,000/Litre as Global Oil Prices Climb Amid US-Iran Tensions
Petrol prices in Nigeria could rise as high as N1,000 per litre in the coming weeks, as global crude oil markets respond to escalating geopolitical tensions in the Middle East, …