Oil slid as risk-averse sentiment pervaded global markets and investors digested fresh developments in US-Iran tensions that continue to cloud the supply outlook.
West Texas...
U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), increased by 8.5 million barrels from the week ending January 30...
Abu Dhabi National Oil Co.’s shipping arm is evaluating the purchase of liquefied natural gas tankers as the state producer accelerates its push into...
The Dangote Petroleum Refinery has reached its full nameplate capacity of 650,000 barrels per day following the restoration and optimisation of its Crude Distillation...
Transocean Ltd and Valaris Limited announced, in a joint statement, the signing of a definitive agreement to combine the two companies.
Under the agreement, Transocean...
Dangote Petroleum Refinery has warned that continued reliance on coastal delivery of petroleum products could push petrol prices close to N1,000 per litre in...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has expressed satisfaction with the investment strides of Nigerian indigenous oil and gas firms in...
Shell announced changes to its executive committee in a statement posted on its website this week.“We have made significant progress against our previously announced...
Petrol importation remained the dominant source of fuel consumed in Nigeria in 2025, accounting for 62.47 per cent of the country’s total Premium Motor...
The fuel supply arrangement between the Dangote Petroleum Refinery and 20 major petroleum marketers, under which the parties agreed to offtake 600 million litres...
Angola’s Minister of Mineral Resources, Petroleum and Gas of Angola Diamantino Azevedo reaffirmed the importance of the Lobito Refinery during a visit to the...
Energy Transfer LNG Export, a subsidiary of U.S.-based Energy Transfer, has shelved the development of a liquefied natural gas (LNG) export project on Louisiana’s Gulf Coast.
Energy Transfer...
The Port Harcourt Refining Company, which is currently shut down, is still supplying 349,000 litres of automotive gas oil, otherwise known as diesel, daily,...
