Oil & Gas

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 …

ABUJA, Nigeria — The Federal Government has said the removal of petrol subsidy by President Bola Ahmed Tinubu has ended a longstanding economic drain, saving Nigeria over $84 billion and …

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has officially endorsed Petroleumprice.ng as the recognised digital platform for petroleum pricing, downstream industry news, and marketplace services in Nigeria. …

The Nigerian equities market extended its bullish rally on Tuesday as the overall market capitalisation crossed the ₦71 trillion mark, driven by strong performances from Oando Plc and 30 other …

Nigeria’s oil and gas industry is undergoing a major transformation as local oil companies now produce more than half of the country’s total crude oil output. This development marks a …

Nigeria’s oil and gas sector is undergoing a major transformation, driven by local companies stepping into roles traditionally held by international oil majors. With a wave of asset divestments by …

South Africa’s ultra-left opposition party, the Economic Freedom Fighters (EFF), has taken legal action against the government over its plan to increase the fuel levy by 4%, a move the …