KEY POINTS South Africa’s Constitutional Court has blocked Shell’s plans to conduct offshore oil and gas exploration along the country’s Wild Coast, delivering another major setback to efforts to expand …
KEY POINTS Nigeria’s Dangote Petroleum Refinery is preparing for a major initial public offering, IPO, in October, with the company positioning the planned share sale as an opportunity for Nigerians …
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 …
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 …
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 …
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 …
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 …
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 …
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. …
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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