FILLING STATIONS GO DARK FOLLOWING DANGOTE’S SURPRISE PRICE CUT
Multiple filling stations across Nigeria have temporarily shuttered operations for five days following Dangote Refinery’s unexpected fuel price reduction to…
UGANDA’S FUEL MARKET TRANSFORMATION: HOW UNOC DELIVERED PRICE STABILITY AND PROFITS
The Uganda National Oil Company’s takeover of petroleum product imports has delivered remarkable results for consumers and the economy since…
ECONOMIC CRISIS DEEPENS AS LIBYAN DINAR HITS RECORD LOWS AMID OIL DISRUPTIONS
Libya’s currency has plummeted to unprecedented levels following a 13.3% official devaluation on April 6, with the black market rate…
MOROCCO LAUNCHES AMBITIOUS LNG TERMINAL PROJECT AMID ENERGY TRANSITION
Morocco is set to begin the tendering process for its first liquefied natural gas terminal near the eastern Mediterranean city…
FUEL IMPORTERS FACE CRUSHING N14 BILLION MONTHLY LOSSES AFTER DANGOTE PRICE CUT
Petroleum product importers could lose a staggering N13.998 billion monthly following Dangote Refinery’s third petrol price reduction in six weeks.…
BELLAZIR ENERGY SET TO SHAKE UP NIGERIA’S PETROLEUM LANDSCAPE
Dynamic newcomer Bellazir Energy Ltd will make its grand debut in Nigeria’s energy sector on April 29 at the Radisson…
DANGOTE REFINERY DOMINATES NNPCL’S Q1 CRUDE SALES WITH N107 BILLION DEAL
Dangote Petroleum Refinery accounted for over 32% of NNPCL’s N336.37 billion crude oil sales in Q1 2025, according to internal…
ALGERIA’S SONATRACH STRENGTHENS TIES WITH OCCIDENTAL PETROLEUM
Algeria’s state-owned oil giant Sonatrach has formalized two new Memoranda of Understanding with Occidental Petroleum, expanding their existing energy partnership.…
FUEL PRICE RELIEF: NNPCL SLASHES PETROL COSTS ACROSS LAGOS AND ABUJA
Nigerian motorists received welcome relief as the Nigerian National Petroleum Company Limited cut petrol prices across key cities. Prices dropped…
GULF ENERGY SWOOPS IN WITH $120M TAKEOVER OF TULLOW OIL’S KENYAN ASSETS
In a major energy sector acquisition, Gulf Energy has agreed to purchase Tullow Oil’s entire Kenyan portfolio for $120 million.…
INDONESIA SLASHES NIGERIAN OIL IMPORTS AS US DEAL LOOMS
Indonesia plans to dramatically reduce crude oil and LPG imports from Nigeria as part of a massive $10 billion energy…
FUEL IMPORTERS FACE EXTINCTION AS LOCAL REFINING TAKES HOLD, WARN INDUSTRY INSIDERS
Petroleum products importers in Nigeria may soon be forced out of business if they fail to adapt to the growing…
OIL PRICES SURGE PAST $65, EYEING $70 DESPITE DOLLAR FLUCTUATIONS
Global crude oil prices have bounced back above the $65 per barrel mark, signaling a notable recovery for Brent and…
PETROLEUM ENGINEERS REBRAND TO DRIVE NIGERIA’S OIL SECTOR GROWTH
The Nigerian Institution of Petroleum Engineers, formerly the Petroleum Division of the Nigerian Society of Engineers, has unveiled plans to…
KANO SECURES MASSIVE $10B MOROCCAN INVESTMENT DEAL FOR ENERGY AND MINERALS
Kano State has finalized a groundbreaking partnership with prestigious Moroccan companies expected to bring over $10 billion in investments for…
INSURANCE GIANT CHUBB ABANDONS CONTROVERSIAL EAST AFRICAN OIL PIPELINE
In a major blow to the contentious East African Crude Oil Pipeline (EACOP) project, insurance behemoth Chubb has officially ruled…
RECORD GAS FLOWS POWER UP LIBYA’S ELECTRICITY GRID AHEAD OF SUMMER DEMAND
Libya’s National Oil Corporation (NOC) has announced a major breakthrough in gas supplies to power stations, achieving record flow rates…
EGYPT LAUNCHES MASSIVE OIL DRILLING CAMPAIGN IN EASTERN DESERT
Egypt’s Ministry of Petroleum has kicked off an ambitious drilling campaign targeting 75 new oil wells in the Gulf of…
EGYPT AND AZERBAIJAN EXPLORE OIL AND GAS PARTNERSHIP AS CAIRO LAUNCHES NEW BID ROUND
Senior executives from Azerbaijan’s state oil firm SOCAR met with Egyptian officials to discuss establishing a strategic partnership in the…
NIGERIAN BANKS READY TO FUND RENEWABLE ENERGY, BUT BUSINESS PLANS MUST IMPROVE, SAYS REA CHIEF
Nigerian banks are increasingly willing to finance renewable energy projects, according to Rural Electrification Agency (REA) Managing Director Abba Aliyu.…