Middle East crude exports return to pre-Iran war levels as ‘Hormuz Plus One’ kicks in
At least 16.5 mbd of crude oil left the region between September 1 and 28, matching the pre-war average excluding Iran...
Category : Energy
Dangote breaks ground on USD 16 billion Kenya refinery with Honeywell technology support
Honeywell and Dangote worked together at his Nigerian refinery, where the company is helping with upgrades to double the plant's capacity...
AMNI, TotalEnergies approve USD 800 million Nigeria offshore gas project
The Ima development, located across Oil Mining Leases 112 and 117 in shallow waters near Bonny Island in Rivers State, will begin production in 2028...
Saudi crude oil exports hit four-month high as East-West Pipeline boosts shipments
The Kingdom's crude oil production increased to 8.135 million bpd from June's 7.122 million bpd, stated the Joint Organizations Data Initiative...
People’s IPO: Dangote Refinery floats Africa’s largest share sale
The refinery came into the limelight in 2026 by capitalising on the increased demand for jet fuel, following Iran war-related supply disruptions...
Saudi’s East-West Pipeline shutdown threatens 4% of global oil supply
Saudi Arabia has shut down pipeline following drone attacks on the vital crude conduit, amid the war-related disruption in the Strait of Hormuz...
IPO-bound Dangote refinery eyes production capacity expansion by 2029
The move, due to be completed by 2029, would increase the refinery's capacity to 1.4 million barrels per day from the current figure of 700,000...
Iran war rewires Gulf trade, and infrastructure becomes the new oil
With the Strait of Hormuz all but shut for six months, Gulf states are ploughing billions into pipelines, ports and rail...
UK energy price cap to rise 4% as government’s electricity VAT cut faces test
The increase, a 60-pound rise to 1,723 pounds (USD 2,348), will hit around 22 million British households on variable tariffs...
No foreign listing for now as Dangote Refinery eyes retail-focused IPO
The refinery has submitted an application for a USD 5 billion IPO to Nigeria's SEC, with the listing's final size remaining unclear...