Cameroon, Equatorial Guinea to begin hydrocarbon production in contested waters
The joint exploration and production could bring the yearslong cross-border conflict to an end.
Sterling Oil’s Sandesara brothers fined $570m in major fraud case
The Sandesara brothers paying of the fine could settle a long-running fraud case that has linked India’s banking system with…
Nigeria government backs Ebenco’s 30,000 b/d modular refinery in Delta State
Projects like Ebenco’s modular refinery help address a lingering problem of oil theft and illegal refining in Nigeria’s oil-rich Niger…
Oil prices fall as Ukraine nears peace deal with Russia
The energy market takes a downward turn as the possibility of a peace deal between Kyiv and the Kremlin looms…
Uganda announces major oil discoveries in Albertine Basin
Unoc discovers nine new wells that preliminary studies suggest could lift Uganda’s reserves by 600 million barrels.
Why FDI matter more than FPI in Nigeria’s energy story
Without the long-term muscle of FDI, FPIs alone cannot deliver the structural transformation Nigeria’s energy industry desperately needs.
Libya was fifth largest Opec supplier to US in August —Report
The consistent growth in Libya’s oil output could place it ahead of Nigeria unless Abuja address fluctuations in its production
Dangote picks Honeywell to handle refinery expansion project
The US-based technology provider will handle both Dangote’s refinery and the petrochemical expansion project
Nigeria’s NNPC Ltd posts record ₦5.4tn profit amidst revenue jump in 2024
The Nigerian energy company has never posted such a massive profit and revenue figure since it began showing its books…
Nigerian manufacturers decry unstable power, spent N676bn on generators in H1 2025 – Report
Nigerian manufacturers complain of high energy costs amidst unstable power.