KEY POINTS The United States has eased sanctions on Venezuela’s state-owned oil company, Petróleos de Venezuela, in a move aimed at increasing global oil supply. The decision was announced by …
KEY POINTS Residents and businesses in Lagos, particularly in the Amuwo-Odofin area, may experience a prolonged blackout lasting up to four months due to planned maintenance on a 132kV substation. …
KEY POINTS Nigeria’s electricity crisis is deepening as several power generation companies shut down operations due to a mounting debt burden of about N6.8 trillion. The crisis has severely limited …
KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has intensified efforts to boost crude oil supply to the Dangote Petroleum Refinery as global oil prices surge. The move is …
KEY POINTS The Dangote Petroleum Refinery has partnered with major fuel marketers to ensure steady nationwide supply and reduce the risks associated with relying on a single source for petroleum …
KEY POINTS South Africa’s power utility, Eskom, will increase electricity tariffs by 8.76% starting April 1, 2026, following approval from the National Energy Regulator of South Africa. The adjustment affects …
KEY POINTS Oil prices fell modestly on Wednesday morning after the American Petroleum Institute (API) reported a significant increase in U.S. crude inventories. Brent crude futures dropped $1.15, or 1.11%, …
KEY POINTS ExxonMobil (NYSE:XOM) has achieved what industry insiders are calling the world’s first fully automated offshore well placement in Guyana, in collaboration with Halliburton and other partners. The project …
KEY POINTS The Nigerian Senate has officially confirmed former Rivers South-East senator, Magnus Abe, as the Chairman of the Board of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). Abe’s confirmation …
KEY POINTS Chevron has appointed Emmanuelle Garinet as Director of Exploration for the Americas and Sub-Saharan Africa, placing one of the upstream oil sector’s most experienced exploration leaders in a …
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