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[ March 3, 2026 ] Asia scrambles for LNG as Qatar halts output due to Iran war News
[ March 2, 2026 ] Dangote refinery increases petrol price from N774 to N875 News
[ March 2, 2026 ] Dawes Island Oil Field secures $109m funding, revives development plan News
[ March 1, 2026 ] Nigeria’s oil revenue dips by 25% to N877bn in one month News
[ March 1, 2026 ] Nigeria received N269bn in penalties in one year News

Seplat Energy completes acquisition of Mobil Producing Nigeria Unlimited

– 1,000 staffers, 500 contractors to transition to Seplat Group Oritsegbubemi Omatseyin Lagos — Seplat Energy Plc has announced that it has completed its acquisition of Mobil Producing Nigeria Unlimited, MPNU, from ExxonMobil. The transaction is […]

Kosmos, Tullow Oil in talks for potential merger, both companies confirm

(Bloomberg) – Kosmos Energy Ltd. and Tullow Oil Plc both acknowledged early merger talks on Thursday, following media speculation. Together, the companies would create an Africa-focused explorer with production exceeding 120,000 boed. Under stock-exchange rules, […]

Seplat to revive idle Nigeria wells following purchase of Exxon’s onshore assets

(Bloomberg) — Seplat Energy Plc will revive hundreds of idle Nigerian oil wells after completing its purchase of Exxon Mobil Corp.’s onshore oil and gas assets in the West African nation. “Our immediate focus is […]

Seplat to revive idle Nigeria wells following purchase of Exxon’s onshore assets

(Bloomberg) — Seplat Energy Plc will revive hundreds of idle Nigerian oil wells after completing its purchase of Exxon Mobil Corp.’s onshore oil and gas assets in the West African nation. “Our immediate focus is […]

Aradel acquires 5.14% equity stake in Chappal Energies Mauritius

Kunle Kalejaye Leeds, England — Aradel Holdings Plc has entered into an agreement to acquire 5.14% equity interest in Chappal Energies Mauritius Limited. Chappal is an energy company focusing on investments in deep value and […]

Colombia pushes for shorter production timeline from offshore gas discovery

(Bloomberg) – Colombia wants to shorten the production timeline at its biggest deepwater discovery, the nation’s energy chief said, as it braces for a shortfall of natural gas in coming years. State-run Ecopetrol […]

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African Energy Chamber endorses Haitham Al Ghais’ renewal as OPEC Secretary General

The African Energy Chamber (AEC) announced its support of the decision to renew Haitham Al Ghais as the Secretary General of OPEC for a further three-year term, effective 1 August 2025. The renewal of Secretary […]

Canadian oil producers forecast higher production in 2025

Fuel demand in the United States, the biggest destination for Canadian crude, is expected to rise next year as U.S. industrial activity will likely benefit from a cut in borrowing rates, according to the U.S. […]

China’s oil consumption peaked in 2023, CNPC says

As a result, crude oil imports are expected to fall to 544 million tons this year, according to a presentation by the research arm of China’s largest oil producer, although the world’s top importer still […]

UAE to cut oil shipments amid OPEC+ push for quota discipline, Bloomberg News reports

The Abu Dhabi National Oil Co (ADNOC) has cut allocation of crude oil cargoes for some customers in Asia, reducing volumes by up to 230,000 barrels per day across various crude grades, the report said, […]

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