KEY POINTS South Africa’s power utility Eskom has warned that load-shedding could return near the end of the decade if planned new gas power plants are delayed and coal power …
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KEY POINTS The Federal Government has announced a major shift in electricity subsidy policy, moving to distribute the financial burden across federal, state, and local governments starting in 2026. The …
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KEY POINTS Officials from the Equatorial Guinea government and representatives of major oil companies, including Chevron, signed a pivotal gas development agreement in the capital, Malabo, on 30 January 2026. …
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KEY POINTS Three subsidiaries of the Dangote Group; Dangote Petroleum Refinery, Dangote Fertiliser Plant, and Dangote Cement Plc,announced on Monday that they had signed strengthened gas supply contracts with units …
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KEY POINTS Conoil Plc, one of Nigeria’s leading petroleum marketing companies listed on the Nigerian Exchange Limited, has reported a steep drop in profits for the 2025 financial year. The …
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KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, is intensifying efforts to unlock Nigeria’s numerous stranded gas fields, aiming to expand the country’s gas reserves and boost energy security. …
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In the NewsMarketsOil & Gas
Mixed Global LNG Outlook Raises Questions as NLNG Pushes Ahead with $10bn Train 7 Expansion
KEY POINTS Nigeria’s liquefied natural gas, LNG, sector is navigating a complex global landscape as the Nigeria LNG, NLNG, company presses ahead with its ambitious Train 7 expansion project, even …
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In the NewsMarketsOil & Gas
ExxonMobil Posts $6.5bn Q4 Earnings as Full-Year Profit Falls to $28.8bn
KEY POINTS ExxonMobil has reported earnings of $6.5 billion for the fourth quarter of 2025, bringing its full-year profit to $28.8 billion, according to the company’s latest financial statement. The …
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KEY POINTS Shell Nigeria Exploration and Production Company Limited (SNEPCo) has commenced a major turnaround maintenance programme on the Bonga Floating Production Storage and Offloading (FPSO) vessel as part of …
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KEY POINTS Oil marketers across Nigeria say the recent surge in petrol pump prices is squeezing their businesses, making it increasingly difficult to raise enough capital to purchase products from …