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.
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…
Namibia invites bids for 120MW solar power project
The bid is open for both local and international investors until end of January 2026
Kogi State to resume 13% oil derivation Fund after dispute with Anambra and Enugu
RMAFC has set an inter-agency committee to fix delays and get Kogi State back on the allocation list.
Who are the “FUN Group” in Nigeria’s oil and gas sector?
The members of the FUN Group operates a joint export processing facility for their marginal production in Akwa Ibom State.