Oil & Gas

Oil & Gas

Oil slumps as U.S. and Iran agree on ceasefire

Plu Team -
Global oil markets plunged sharply on Wednesday after a sudden geopolitical de-escalation between the...
Africa

As oil prices rise, South Africa intervenes while Nigeria holds back

Plu Team -
South Africa has announced temporary fuel relief measures to cushion households and businesses from...
Oil & Gas

Oil surges past $110 after strikes on Iran, Qatar gas fields

Plu Team -
Global oil prices climbed above $110 a barrel on Thursday after fresh strikes on...
Oil & Gas

Oil rises again despite record reserve release as Iran attacks continue

Plu Team -
Oil prices climbed on Thursday as renewed attacks on energy and shipping infrastructure across...
Oil & Gas

Dangote Refinery cuts petrol price by N100 as global oil prices ease

Plu Team -
Dangote Petroleum Refinery has reduced the depot price of petrol by ₦100 per litre...
Consumer

Petrol prices jump nearly 30% in Nigeria since January

Eric Ojo -
Petrol prices in Nigeria have surged by nearly 30% since late January, driven first...
Commodities

Oil surges past $100 for first time in four years amid Iran war

Plu Team -
Global oil prices climbed sharply on Sunday, breaking above $100 per barrel for the...
Markets & Investing

Oil and gas stocks lead Nigerian market as Iran war lifts crude prices

Olawale Afolabi -
Nigeria’s stock market rose last week as a surge in global oil prices, triggered...
Oil & Gas

Tinubu meets Eni as Nigeria resolves OPL 245 dispute behind historic oil corruption trial

Plu Team -
President Bola Ahmed Tinubu and Claudio Descalzi, chief executive of Italian energy giant Eni,...
Consumer

Nigerian fuel marketers promptly raise petrol prices over Iran war

Plu Team -
Nigerians are paying sharply higher prices for petrol after a spike in global crude...
Commodities

Oil prices surge as Iran war widens across Middle East

Plu Team -
Global oil prices spiked sharply Sunday night after the United States and Israel launched...
Oil & Gas

Tinubu terminates Buhari-era fund for northern and inland oil search

Plu Team -
President Bola Tinubu has dismantled a flagship oil exploration fund created under former President...
Oil & Gas

With executive order, Tinubu alters Nigeria’s oil law, overriding National Assembly

Plu Team -
President Bola Tinubu has moved to rewrite key fiscal provisions of Nigeria’s landmark 2021...
Oil & Gas

Nigeria offers oil blocks in Boko Haram-hit Lake Chad, cuts entry costs to lure investors

Plu Team -
Nigeria has offered oil blocks in the Lake Chad basin, a region that has...
Oil & Gas

Seplat switches on new gas plant, begins sales to Indorama and others

Plu Team -
Seplat Energy Plc has begun supplying natural gas from a major new facility in...
Oil & Gas

Tinubu replaces oil regulators after Dangote clash forces exits

Eric Ojo -
President Bola Tinubu has moved to reset Nigeria’s oil and gas regulation after the...
Oil & Gas

Dangote escalates clash with NMDPRA, petitions ICPC over corruption claims

Plu Team -
Aliko Dangote has taken his dispute with Nigeria’s downstream petroleum regulator to the country’s...
Oil & Gas

TotalEnergies sells 40% stake in Nigerian offshore licenses to Chevron

Plu Team -
TotalEnergies has moved to shed part of its Nigerian offshore portfolio after signing a...
Companies

Honeywell to help Dangote Refinery double capacity, become world’s largest

Plu Team -
Dangote Refinery has sealed a partnership with multinational giant Honeywell to provide services that...
Oil & Gas

NNPC Limited reports ₦5.4 trillion profit for 2024

Plu Team -
NNPC Limited has reported a Profit After Tax of ₦5.4 trillion for 2024 on...
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