KEY POINTS Global energy company Shell has signed a series of oil and gas agreements with the Venezuelan government that pave the way for development of the long-delayed Dragon offshore …
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KEY POINTS The Nigerian National Petroleum Company Limited, ,NNPCL, has increased its petrol pump price for the second time in less than 24 hours, following a gantry price hike by …
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In the NewsMarketsOil & Gas
Dangote Refinery Raises Petrol Price to N995 Per Litre as Global Oil Costs Surge
KEY POINTS The Dangote Refinery has raised the ex-gantry price of Premium Motor Spirit, petrol, to N995 per litre, marking a N121 increase from its previous rate of N874 per …
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KEY POINTS Global oil prices have surged past $90 per barrel following the escalating conflict involving Iran, triggering fears of another wave of global inflation. The international oil benchmark, Brent …
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KEY POINTS The Edo State House of Assembly has summoned the management of the Benin Electricity Distribution Company to appear before lawmakers over the persistent and worsening electricity outages across …
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Energy TransitionIn the News
Eskom Warns 14 South African Municipalities of Possible Power Cuts Over Unpaid Debts
KEY POINTS Eskom, South Africa’s state-owned electricity provider, has started issuing formal notices to 14 municipalities over unpaid electricity bills and financial mismanagement. The affected municipalities are being given a …
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KEY POINTS Nigeria’s electricity generation has fallen below the 4,000-megawatt mark due to ongoing gas supply challenges, the Nigerian Independent System Operator, NISO, reported on Thursday. As of 5 a.m., …
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In the NewsOil & Gas
Tinubu Oversees Historic OPL 245 Settlement, Paving Way for Major Deepwater Investments
KEY POINTS President Bola Tinubu on Thursday announced the successful conclusion of a landmark settlement between the Federal Government of Nigeria, ENI, and Nigerian Agip Exploration Limited (NAEL) over the …
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KEY POINTS Oando Energy Resources has reaffirmed its support for Nigeria’s indigenous oil producers as local firms continue to take on a greater role in the country’s upstream sector. The …
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In the NewsMarketsOil & Gas
Seplat Revives 49 Dormant ExxonMobil Wells, Targets 50 More to Boost Nigeria’s Oil Output
KEY POINTS Seplat Energy Plc has restarted production from 49 dormant oil wells acquired from ExxonMobil, unlocking fresh output and signalling a new phase of growth for the Nigerian independent …