Oil & Gas

Editorial: Nigeria’s energy gains must translate into security, affordability   The latest June 2026 data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, presents a petroleum sector that is making progress in some areas but remains vulnerable in others. The figures should therefore prompt more than celebration of rising refinery utilisation and gas

Oando Revenue Hits ₦2.1trn as Oil, Gas Output Rises 16% in H1   Oando Plc recorded a 20 per cent increase in revenue to ₦2.1 trillion in the first half of 2026, driven by higher oil and gas production, improved operational efficiency and lower operating costs, as the indigenous energy company continues to unlock value

Editorial: Rising oil prices expose Africa’s unfinished refining agenda   The latest surge in global crude oil prices should serve as another wake-up call for African governments. With Brent crude climbing to nearly $96 per barrel, West Texas Intermediate (WTI) reaching $88.05 per barrel, and gasoline futures also moving higher, the continent is once again

Rising fuel prices in Nigeria signal fresh energy cost pressures across Africa By Eyo Nsima The latest increase in petroleum depot prices in Nigeria, Africa’s largest oil producer and biggest fuel market, is expected to reverberate across the continent, with analysts warning that higher crude oil prices and rising refining costs could trigger fresh increases

Global Floating LNG boom brightens prospects for Nigeria’s multi-billion-dollar UTM Offshore project Nigeria’s planned multibillion dollar UTM Floating Liquefied Natural Gas (FLNG) project is poised to benefit from the rapid expansion of global floating LNG infrastructure as countries increasingly adopt offshore solutions to accelerate gas development and strengthen energy security. The 2026 World LNG Report,

Nigeria, Mozambique, Senegal Drive Africa’s LNG Growth in Historic Global Supply Wave   Africa is set to strengthen its position in the global liquefied natural gas (LNG) market over the next five years, with Nigeria, Mozambique, Senegal, the Republic of the Congo and Gabon among countries expected to drive the largest wave of LNG export

Esso Exploration and Production Nigeria (Offshore East) Limited starts Usan Infill Project   Esso Exploration and Production Nigeria (Offshore East) Limited (EEPN(OE)L), an affiliate of ExxonMobil, has commenced on-block activities for the Usan Infill Project in Oil Mining Lease (OML) 138, marking continued progress in developing Nigeria’s deepwater resources. The Usan Infill Project is part

Africa’s Oil Exploration Slows as Active Rig Count Drops 15% in Two Years By Godwin Paul Oil exploration activity across Africa continued to weaken in 2025 as the continent’s active drilling rig count fell to its lowest level in recent years, highlighting persistent challenges in attracting upstream investments despite stronger crude oil prices. Latest global