Some Oil Marketing Companies have begun reducing fuel prices at the pumps from today, January 16, 2026. The development follows industry projections that petroleum product prices were expected to fall by more than three per cent per litre in the current pricing window.
The Ministry of Petroleum and Mineral Resources of Egypt said that several oil and gas companies operating in Egypt have drilled several wells in their concession areas in the Western Desert, Eastern Desert and the Nile Delta, including five new exploratory wells. In a statement, the ministry said the new wells are expected to add […]
Lower crude oil prices have seen motorists benefit from a drop in the cost of diesel and petrol at the pumps.
President of Sierra Leone, Dr Julius Maada Bio, has engaged with oil marketing companies (OMCs) operating in the country, reaffirming his administration’s commitment to strengthening private sector growth through sustained dialogue and partnership.
Africa’s largest crude oil producer, Nigeria, attracted $5.3 billion in upstream capital investment in 2025, accounting for about 38 per cent of all major project sanctions on the continent over the past 24 months.
The West African Gas Pipeline Company (WAPCo) has announced that it will shut down its gas receiving facilities in Nigeria, Benin, Togo, and Ghana between Sunday, January 18 and January 31, 2026 for routine maintenance works.
Mozambican President Daniel Chapo expects TotalEnergies SE’s $20 billion liquefied natural gas project to restart as early as this month, reviving a potentially key revenue source for the cash-strapped government.
Mitsubishi has struck a deal with Aethon to buy assets worth $5.2 billion in Texas and Louisiana in what would be the largest Japanese investment in U.S. natural gas production to date.
TotalEnergies has entered a joint study and application agreement with BluEnergies to advance exploration of the Harper basin deepwater fan play offshore Liberia.
The U.S. Treasury Department on Wednesday extended a license by more than a month – until February 28 – for companies to talk with Russian energy company Lukoil (LKOH.MM), opens new tab about buying its foreign assets.