Oil and 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 …

President Bola Ahmed Tinubu has signed a new Executive Order aimed at cutting the high cost of oil and gas production in Nigeria, increasing government revenue, and bringing in more …

Nigeria’s leasing industry recorded a strong growth of 23.2 per cent in 2024, pushing the value of outstanding leases to N5.17 trillion, up from N4.19 trillion in 2023. This was …

Dr. Olisa Agbakoba, a respected lawyer and former president of the Nigeria Bar Association (NBA), has warned that Nigeria’s over-centralised governance structure is preventing the country from reaching its full …

Nigeria’s oil and gas industry has recorded a major milestone as local fabrication capacity has now surpassed national demand, allowing Nigerian companies to offer fabrication services to other African countries …

TotalEnergies Marketing Nigeria Plc has reported a profit of N27.49 billion for the financial year ended December 31, 2024. This marks a significant 113 per cent increase from the N12.92 …

Africa’s energy sector is drawing attention from powerful global players, with Russia positioning itself as a key partner. The continent, rich in oil, gas, and other natural resources, stands at …

Standard Bank Group, Africa’s biggest bank by assets, has raised its sustainable finance targets by 80% to R450 billion in the next three years. This move is part of the …

AfrexInsure, the speciality insurance subsidiary of the African Export-Import Bank (Afreximbank), has onboarded Oando Plc as a strategic partner to protect the bank’s investment in Oando’s operations in Nigeria through …

The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced plans to sell shares to the public as part of its transition into a fully commercial entity. This move is …