Oil & Gas

Africa witnessed a significant rise in the number of high-net-worth individuals in 2025, with new data showing the continent recorded its strongest annual growth in millionaire numbers…
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Nigeria’s upstream petroleum regulator has announced plans to commence the country’s 2026 oil licensing round in the third quarter of the year as part of efforts to attract fresh…
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Iranian President Masoud Pezeshkian has directed authorities to restore international internet access across the country following months of heavy restrictions linked to regional…
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Nigeria experienced a significant slowdown in oil exploration activities in April 2026, following a sharp decline in the number of active drilling rigs, according to figures released by…
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Nigeria recorded a sharp decline in oil exploration activities in April 2026, with the number of active drilling rigs falling by 41.7 percent, according to new data released by the…
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U.S. President Donald Trump has revealed that he did not directly ask Chinese President Xi Jinping to pressure Iran over the ongoing tensions surrounding the Strait of Hormuz.…
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Dangote Petroleum Refinery has reopened its legal battle with the Nigerian government over the continued issuance of fuel import licences to oil marketers and the Nigerian National…
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According to recent reports, energy giant Shell plc recorded its lowest payments to the Nigerian government in more than a decade following its withdrawal from the country’s onshore oil…
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Over the first five months of 2024, Nigeria flared enough natural gas to produce approximately 12,700 GWh of potential electricity—a loss estimated at ₦662 billion (US $445.6 million),…
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Nigeria's Economic and Financial Crimes Commission (EFCC) has disclosed that it has exposed extensive fraudulent activities within the country's oil and gas industry. This revelation…
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