KEY POINTS Madagascar has imported a major shipment of diesel to help ease an energy supply crisis that has disrupted fuel availability and placed pressure on electricity and water services …
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In the NewsMarketsOil & Gas
AFC Invests in Dangote Refinery’s $2.5bn Share Placement After $300m Loan Repayment
KEY POINTS Africa Finance Corporation, AFC, has invested in Dangote Petroleum Refinery’s $2.5 billion private placement, deepening its financial relationship with the Nigerian energy company after the full repayment of …
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In the NewsOil & Gas
Deep Offshore Incentives to Unlock $50bn Investment, Raise Nigeria’s Oil Output — NNPC
KEY POINTS The Federal Government’s new fiscal incentives for deep offshore oil and gas projects are expected to attract more than $50 billion in fresh investment and help Nigeria significantly …
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KEY POINTS ExxonMobil is advancing preparations for the $20 billion Rovuma LNG project in Mozambique, awarding new engineering contracts as the massive gas development moves closer to a final investment …
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KEY POINTS The Organisation of the Petroleum Exporting Countries, OPEC, has lowered its forecast for global oil demand growth in 2026, citing weaker expected consumption across key Asian markets. In …
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KEY POINTS The National Industrial Court of Nigeria sitting in Ikoyi, Lagos, has nullified the dissolution of the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, Chevron Branch …
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KEY POINTS South Africa is grappling with the aftermath of a massive winter storm system that has battered multiple provinces with heavy snowfall, driving rain, gale-force winds, and freezing temperatures. …
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In the NewsMarketsOil & Gas
Oando Posts N127.8bn Operating Profit as Production Growth Drives H1 2026 Turnaround
KEY POINTS Oando Plc recorded a significant improvement in its financial performance in the first half of 2026, reversing a substantial operating loss reported an operating profit of N127.8 billion …
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KEY POINTS President Bola Tinubu has approved a new regulatory and tax framework for offshore oil and gas projects as Nigeria seeks to attract as much as $50 billion in …
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KEY POINTS West African energy regulators are stepping up efforts to create a regional fuel pricing benchmark and trading hub, with Nigeria’s Dangote refinery emerging as a major factor behind …