KEY POINTS Oil prices rose sharply on Monday as the conflict between the United States, Israel, and Iran entered its third week, intensifying concerns over global supply. Brent crude, the …
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KEY POINTS Britain’s two largest energy companies, Shell and BP, are poised to benefit from the ongoing geopolitical tensions surrounding the Strait of Hormuz, potentially capturing a combined £5 billion …
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In the NewsOil & Gas
NUPRC Declares End to Era of Dormant Oil Licences as ‘Drill or Drop’ Rule Takes Effect
KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has announced that the long-standing practice of oil companies holding petroleum licences without developing the associated assets has effectively come to …
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Energy TransitionIn the News
Nersa Sets New Deadlines for Municipal Electricity Tariff Applications Ahead of 2026/27 Financial Year
KEY POINTS The National Energy Regulator of South Africa, Nersa, has announced a new schedule for municipalities and electricity distributors to submit their tariff applications for the 2026/27 financial year. …
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KEY POINTS Eskom is losing an estimated R6 billion annually in KwaZulu-Natal due to widespread electricity theft, with around 50% of its 1.2 million provincial customers illegally accessing power. Many …
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KEY POINTS The National Energy Regulator of South Africa, NERSA, has approved an electricity tariff increase of 8.76% for Eskom direct customers and 9.01% for municipal distributors for the 2026/27 …
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KEY POINTS The ongoing war in Iran pushed Brent crude oil prices above $100 per barrel, rising 9.2% to settle at $100.46. Stock markets worldwide suffered sharp losses, with the …
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KEY POINTS Chevron Nigeria Limited has reaffirmed its dedication to promoting socio-economic development in the Niger Delta, highlighting continued collaboration with government agencies, local communities, and development bodies. The company …
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KEY POINTS Iran has warned that global oil prices could surge to as high as $200 per barrel as tensions in the Middle East escalate and attacks on merchant vessels …
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Energy TransitionIn the News
NERC Gives Private Transmission Substation Operators 45 Days to Obtain Permit
KEY POINTS The Nigerian Electricity Regulatory Commission, NERC, has directed operators of private transmission substations connected to the national grid to obtain an Independent Electricity Transmission Network Operator (IETNO) permit …