Oil & Gas

Nigeria’s Condensate Production Strengthens Oil Output, Hits 170,446 bpd in May By Eyo Nsima Nigeria’s condensate production continued to play a strategic role in supporting the nation’s hydrocarbon output in 2026, with production rising to 170,446 barrels per day (bpd) in May, helping the country exceed its crude oil production quota allocated by the Organisation

Top 10 Depots with the Highest Petrol Prices Signal Wide Market Disparities By Eyo Nsima Nigeria’s deregulated downstream petroleum market continues to exhibit significant pricing differences, with some depot operators selling Premium Motor Spirit (PMS), popularly known as petrol, at prices more than ₦150 per litre above those charged by many competitors. Current depot pricing

Les prix du dépôt d’essence au Nigeria reculent légèrement tandis que le marché du AGO affiche des évolutions contrastées Par Eyo Nsima Le marché nigérian des produits pétroliers en aval a enregistré mercredi 1er juillet 2026 une légère baisse des prix du Premium Motor Spirit (PMS), également appelé essence, au niveau des dépôts, alors que

Sahara Group Appoints Folake Soetan as Arahas MD to Drive Oilfield Services Transformation Across Africa   Sahara Group has appointed Mrs. Folake Soetan as Managing Director, Arahas Global Oilfield Services as the organisation accelerates its Beyond XXX agenda focused on deepening impact, advancing operational excellence, and shaping the future of energy across Africa. Executive Director,

Nigeria’s Petrol Depot Prices Edge Lower as AGO Market Shows Mixed Movement By Eyo Nsima Nigeria’s downstream petroleum market recorded marginal declines in Premium Motor Spirit (PMS) depot prices on Wednesday, July 1, 2026, as competition among suppliers and improving domestic supply conditions continued to influence market movements. Data from major depots across Lagos, Port

Sahara Group Advances Energy Journalism in Africa with $5000 Fellowship   Sahara Group, a leading international energy and infrastructure conglomerate, has unveiled the Asharami Square Energy Reporting Fellowship, committing up to $5,000 in funding, mentorship, and expert-led engagement to elevate energy journalism across Africa. The Fellowship is an extension of Asharami Square, Sahara Group’s flagship

The Gambia Signs Offshore Block A1 Petroleum Exploration Agreement with Eni   The Government of the Republic of The Gambia has signed a Petroleum Exploration, Development and Production Licence Agreement, PEPLA, for Offshore Block A1 with Eni through its subsidiary, Eni Gambia Ltd, marking a major step in the country’s efforts to deepen offshore petroleum

Sahara Group Adds 40,000 CBM Asharami Ghana LPG Carrier, Expanding Capacity for Ghana, W’Africa Sahara Group, a leading global energy and infrastructure conglomerate, has commissioned MT Asharami Ghana, a 40,000‑cubic‑metre Liquefied Petroleum Gas (LPG) carrier, expanding its fleet capacity, while strengthening Ghana’s clean energy supply chain and LPG distribution network. The dual‑fuel vessel improves operational

OPEC increases oil output as USA, Israel strike Iran By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC and allies, also known as OPEC+ has increased oil output as the United States and Israel have struck Iran, disrupting global supplies in the Middle east. Rising from its crucial virtual meeting Sunday, Saudi Arabia, Russia,