Oil & Gas

Oil prices dropped on Monday, extending a recent losing streak on concerns that an expected rise in U.S. interest rates would weaken fuel demand. Brent crude futures for September settlement …

JSE-listed chemicals and energy giant Sasol says it expects production of petroleum products at its Natref refinery – which it owns with Total Energies SE – to resume by the …

The European Union (EU) in partnership with the Federal Government of Nigeria has expressed renewed interest to put mechanism in place to fund gas project in Nigeria to guarantee energy …

The International Monetary Fund (IMF) has set a fresh loan condition requiring Kenya to drop the fuel subsidy programme by October, exposing motorists to a sharp rise in pump prices. …

President Muhammadu Buhari on Tuesday unveiled the new Nigerian National Petroleum Company ( NNPC) Limited, a landmark event that officially changes the oil firm from a wholly state-run entity to a …

The price of crude oil climbed above the $100 mark on Sunday hitting $101.16/barrel after trading around $98/barrel since Tuesday, as oil marketers in Nigeria maintained an increased pump price …

Sasol has declared a force majeure on the supply of petroleum products after key refinery Natref was forced to shut down on Friday due to delays in the arrival of …

According to an official from PASA, Petroleum Agency SA, Legal processes lodged by coastal communities to block oil and gas exploration effectively halted R1 billion in investment into the country. …

Searcher Seismic is planning a survey looking for oil offshore South Africa, months after it called off an earlier search due to a court challenge. The company is applying for …

The Major Oil Marketers Association of Nigeria (MOMAN) has called for the commencement of gradual deregulation of the downstream oil and gas sector to reflect the current price of petroleum …