Energy

Saudi-based ADES International Holding has secured a new offshore drilling contract valued at about $92.7 million in Nigeria, deepening its footprint in West Africa’s oil and gas industry amid renewed …

Fresh moves by global energy giants are reinforcing Southern Africa’s growing reputation as the continent’s next major oil frontier, with BP securing new exploration interests offshore Namibia. Industry sources indicate …

Countries across Africa are rolling out emergency measures, from diluting petrol to rationing electricity, as the continent grapples with a deepening fuel crisis triggered by the US and Israel conflict …

Nigeria’s Dangote mega-refinery has begun exporting fuel to several African countries as global oil prices continue to climb sharply in the wake of escalating conflict in the Middle East. The …

Africa’s economic outlook is sharpening with renewed confidence, as fresh projections point to a continent firmly on the rise. Growth is expected to reach 4.3% in 2026—outpacing many advanced economies—while …

A war thousands of kilometres away is about to hit African wallets again. Within hours of US-led airstrikes on Iran on 28 February, Brent crude jumped from $67 to above …

Nigeria’s crude oil production rose to 1.459 million barrels per day, bpd, in January 2026, according to data submitted by the country to the Organisation of the Petroleum Exporting Countries, …

Dangote Petroleum Refinery has announced that it has reached a major operational milestone with the full restoration and optimisation of its Crude Distillation Unit, CDU, and Motor Spirit, MS, production …

Brazil’s state-owned oil company, Petrobras, has marked a strategic return to the African oil and gas sector with the acquisition of a 42.5 per cent stake in an offshore oil …

Shell Nigeria Exploration and Production Company Limited (SNEPCo) has commenced a major turnaround maintenance programme on the Bonga Floating Production Storage and Offloading (FPSO) vessel, a development expected to temporarily …