Oil & Gas

The General Petroleum Company (GPC) in Egypt has announced a new oil discovery in Abu Sannan area of the country’s Western Desert. The announcement was made in line with the …

Efforts by the Federal Government to raise oil production above two million barrels per day have suffered another setback. Daily oil production fell again in May, dropping from 1.68 million …

MRS Oil Nigeria Plc says it expects to make a net profit after tax of N3.95 billion in the third quarter of 2025. The company made this disclosure in its …

Uganda’s Finance Minister, Matia Kasaija, says the country’s economy is expected to grow by at least 7% in the fiscal year starting July 2025. This optimistic projection comes at a …

Gas-producing companies in Nigeria have renewed calls for the Federal Government to urgently address the N2.7 trillion legacy debt owed to them for gas supplied to electricity generation companies (GenCos). …

The British High Commission in Abuja has once again expressed its strong commitment to supporting Nigeria’s energy transition, especially efforts to cut down gas flaring and move towards a more …

British independent energy company, Savannah Energy Plc, has announced its financial results for the year ended 31st December 2024, with a total income of $393.8 million, marking a significant increase …

Crude oil refiners in Nigeria have raised alarm over their inability to access crude oil locally, blaming the situation on oil producers’ preference to sell crude to international traders in …

Local crude oil refiners in Nigeria have raised alarm over their inability to access crude oil for their operations, accusing oil producers of prioritising sales to international buyers who pay …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said the Dangote Petroleum Refinery should reduce the pump price of Premium Motor Spirit (PMS), commonly known as petrol, below its …