KEY POINTS A profound crisis is unfolding within Nigeria’s public finances, with newly released data revealing the federal government’s oil and gas revenue fell a staggering 62% short of target …
© 2024 Energy News Africa Plus. All Rights Reserved.
-
-
KEY POINTS President Bola Tinubu has moved to reinvigorate Nigeria’s faltering power sector by reconstituting the board of the Nigerian Electricity Regulatory Commission, NERC, appointing insider Dr. Musiliu Olalekan Oseni …
-
In the NewsMarketsOil & Gas
Oil Heads for Second Weekly Loss as Swelling Supply Outlook Dulls Geopolitical Risk
KEY POINTS Oil prices slid again on Friday, leaving the market on course for a second consecutive weekly decline as expectations of rising supply from OPEC+ producers and the United …
-
In the NewsMarketsOil & Gas
IPMAN Sets Sights on Refinery Ownership as Members Pivot to Dangote Fuel
KEY POINTS Nigeria’s independent petrol retailers, IPMAN, are preparing for a more ambitious role in the country’s energy market, with plans to invest directly in refinery ownership and a fresh …
-
In the NewsOil & Gas
NNPC Secures $285m Arbitration Win Over TotalEnergies Unit After Decade Long Dispute
KEY POINTS Nigeria’s state owned oil company has won a $285m arbitration award against a subsidiary of France’s TotalEnergies, bringing to a close a legal battle that has stretched for …
-
KEY POINTS ExxonMobil has agreed to extend the lease and operating contracts for two floating production storage and offloading vessels operated by SBM Offshore off the coast of Angola, securing …
-
KEY POINTS Eskom has moved to spell out how responsibilities over South Africa’s electricity transmission system will be divided as the country edges closer to one of the most consequential …
-
KEY POINTS Nigeria’s midstream and downstream petroleum regulator has been thrown into sudden transition after Farouk Ahmed resigned as chief executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, …
-
In the NewsMarketsOil & Gas
Nigeria’s Oil Takings Drag Federation Revenue Lower in November Despite NNPC Rebound
KEY POINTS Nigeria’s public finances came under renewed strain in November as weaker oil inflows pulled down total revenue shared by the three tiers of government, offsetting gains from the …
-
KEY POINTS Norwegian oil and gas producer DNO has struck new oil offtake agreements with subsidiaries of Shell and ExxonMobil, securing long-term buyers for its North Sea output and unlocking …
Newer Stories