Oil & Gas

Oil marketers have declined to lower cooking gas prices four months after halving Value Added Tax (VAT) to eight percent, denying consumers accruing benefits. The 13-kilogramme cylinder is retailing at …

 The Nigeria-Morocco Gas Pipeline is set to receive a total investment of $25 billion next year, according to the head of the West African nation’s state oil company. Discussions for …

Kenyan households can now breathe a sigh of relief as prices of cooking gas drop by over Sh100. A spot-check by Capital Business showed that a six-kilogram cylinder price of Rubis Energy …

PetroSA is taking steps to end a legacy of mismanagement and continuing annual losses as it plans a project with TotalEnergies , according to its interim chairman. The state-owned oil …

Kenya has failed to strike oil and gas deposits in the coastal strip that has for years been at the Centre of an international border dispute with neighboring Somalia. Seismic …

The Nigerian National Petroleum Company (NNPC) Limited on Tuesday declared a profit after tax of N674bn. The Group Chief Executive Officer of NNPC, Mele Kyari, in Abuja said the NNPC …

Egypt and Greece on Monday rejected the signing of the unity government in Libya, based on two memoranda of understanding formulated by Turkey in the field of hydrocarbon resources to …

The Organisation of Petroleum Exporting Countries(OPEC)+ will consider an oil output cut of more than a million barrels per day (bpd)  when it meets tomorrow for the first time in …

The Major Oil Marketers Association of Nigeria (MOMAN), an umbrella body of the largest downstream oil and gas companies in the country, has congratulated the Nigerian National Petroleum Company Limited …

While Moroccan politicians often invoke inflation and adverse geopolitics to justify rising fuel prices, Morocco’s market watchdog is currently arguing that extortionate practices, and a lack of political will to …