Oil & Gas

Afreximbank Moves to Boost Angola’s Indigenous Oil, Gas Partic-ipation   African Export-Import Bank (Afreximbank) hosted a Local Content Development Fo-rum in Luanda, Angola, on 9 September 2026, bringing together government institu-tions, financial institutions, indigenous companies and industry players to explore financing opportunities across Angola’s oil and gas value chain. Held at the Centro de Convenções […]

Petrol Depot Prices Rise to N1,300 as Marketers Adjust to Crude Market By Eyo Nsima The price of Premium Motor Spirit (PMS), otherwise known as petrol, rose to as high as N1,300 per litre at some Nigerian depots on Friday, September 11, 2026, amid fresh price adjustments across key petroleum products markets. The latest mid-day

Editorial: Africa Must Not Miss AEW 2026   Africa cannot afford to be a spectator in the global energy debate. The continent is endowed with enormous oil and gas resources, vast renewable energy potential and a young, growing population. Yet it continues to suffer from inadequate electricity supply, energy poverty, limited access to clean cooking

Petrol depot prices hit N1,950/litre, widen regional price gap By Eyo Nsima Petrol depot prices climbed as high as N1,950 per litre in some parts of Nigeria on Friday, September 4, 2026, as price disparities widened across Lagos, Port Harcourt, Calabar and Warri markets. The latest mid-day price report showed that Sahara Depot in Port

  Petrol Prices: Top 10 depots push petrol above N1,290/Litre By Eyo Nsima The price of Premium Motor Spirit (PMS), popularly known as petrol, remained elevated across major Nigerian oil trading centres yesterday, with some depots selling above N1,300 per litre. A mid-day market report for Thursday, September 3, 2026, showed that the highest PMS

Top 10 Depots with Highest Petrol Prices as PMS Rises to ₦1,217/Litre By Udeme Akpan Petrol prices at Nigerian depots remained elevated on Friday, with the highest Premium Motor Spirit (PMS) price recorded at ₦1,217 per litre, according to the mid-day depot price report for August 28, 2026. The data showed that Matrix Depot in

10 African Oil Producers with Lowest Drilling Activity By Eyo Nsima Africa’s oil industry is facing a widening exploration and drilling investment gap, with several petroleum-producing countries recording very low drilling activity despite their substantial hydrocarbon resources. The latest global rig count showed that Africa operated 47 active rigs in July 2026, unchanged from June,

EDITORIAL: Africa Must Turn Oil Windfall into Lasting Wealth   With Brent above $93 a barrel and Murban above $100, Africa’s oil producers have another chance to convert higher crude revenues into lasting economic gains. They must not waste it. Oil prices remain elevated, with Brent crude at about $93.11 a barrel, WTI at $85.35

NOGC 2026 ends with push to turn discoveries into dividends   The 4th Namibia Oil and Gas Conference and Exhibition (NOGC) 2026 has concluded in Windhoek with a strong call for Namibia to translate its petroleum discoveries into jobs, skills, businesses, investment and long-term national value. Held under the theme “From Decision to Dividend: Making

Namibia invests N$160m to build oil workforce ahead of first production By Eyo Nsima Namibia has invested about N$160 million in educating and training more than 500 Namibians as the country moves from oil and gas exploration towards development and production, in a strategy aimed at ensuring that its emerging petroleum industry delivers jobs, skills