Sumitomo Corporation increased its fiscal 2026 net profit forecast by 6% to 670 billion yen ($4.3…
Category: News
Canada’s Proposed Biofuel Rules Face Industry Criticism
Canada’s proposed biofuel incentives aim to improve domestic producers’ competitiveness against US manufacturers, but industry groups…
EFCC Uncovers Suspected Illegal Diesel Refinery in Ogun, Investigates Chinese Operators
The EFCC has uncovered a suspected illegal oil refinery in Ogere, Ogun State, allegedly linked to…
Middle East Conflict Reshapes Oil Investment and Global Energy Partnerships
Escalating Middle East tensions are changing investment strategies among major national oil companies, with greater emphasis…
Nigeria Offers Fiscal Incentives to Attract Fresh Oil and Gas Investment
Nigeria is introducing fiscal incentives, stronger security and regulatory reforms to attract fresh investment into its…
Stakeholders Back Local Manufacturing, Installer Training, Data-Backed Financing to Close Nigeria’s Metering Gap
Abuja, 28 October 2026 – Stakeholders in Nigeria’s electricity sector have called for stronger local manufacturing,…
Shell Sells Australia LNG Stake to XRG for $1.45bn
Shell agreed to sell its 16.67% stake in Australia’s North West Shelf LNG project to Abu…
Aramco Profit Jumps 34.5% Despite Attacks
Saudi Aramco recorded a 34.5% increase in third-quarter net profit to $36.25 billion, driven by higher…
REA Supports REFA 2026 as Nigeria’s Solar Market Draws Investors
The REA will support REFA 2026 in Lagos, where investors and energy stakeholders will discuss Nigeria’s…
Dangote Refinery Cuts Petrol Price to N1,215 Per Litre
Dangote Refinery reduced its petrol gantry price by N35, from N1,250 to N1,215 per litre. IPMAN…