Energy
Oil rises more than $1 as escalation in US-Iran strikes unnerve traders
Global stock markets declined as renewed military tensions between the United States and Iran rattled investor sentiment, adding pressure to...
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Heirs Energies’ $750m Financing Deal Wins International Oil and Gas Award
Heirs Energies Limited has earned international recognition after its landmark $750 million dual-tranche senior secured reserve-based lending facility was named...
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Shell Nigeria Gas Highlights Path to Increased Natural Gas Utilisation in Nigeria
Shell Nigeria Gas (SNG) has outlined key measures that could help Nigeria increase its natural gas utilisation and unlock greater...
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DisCos Lose N310bn in Q1 2026 Amid Weak Billing and Revenue Collection — NERC
Nigeria’s electricity distribution companies (DisCos) lost about N309.73 billion in the first quarter of 2026 due to unbilled energy and...
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NUPRC Sets June 12 Deadline for 2025 Oil Licensing Round Bid Submissions
The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has set Friday, June 12, 2026, as the deadline...
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Oil Prices Rebound as US–Iran Tensions Escalate and Crude Inventories Fall
Oil prices rose on Wednesday, recovering from a seven-week low reached in the previous session, as renewed geopolitical tensions in...
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Seplat Energy Announces Leadership Transition as Tony Elumelu Set to Become Chairman in 2027
Seplat Energy Plc has announced major board and executive leadership changes, including a succession plan that will see businessman Tony...
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Energia Limited Appoints Tai Oshisanya as Independent Non-Executive Director
Energia Limited has appointed Tai Adetokunbo Oshisanya as an Independent Non-Executive Director on its board, effective May 2026. The company...
Read moreOil Prices Dip as Iran–Israel Pause Eases Supply Risk Fears
Oil prices slipped on Tuesday, giving back most of the previous session’s gains after Iran and Israel announced a halt...
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Nigeria’s Active Oil Rigs Surge 41% in March as Upstream Activity Rebounds
Nigeria's oil and gas industry recorded a strong rebound in drilling activity during the first quarter of 2026, with the...
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