Oluwatosin Racheal Alabi

KEY POINTS The International Energy Agency, IEA, has revealed that more than 40 energy assets across nine Middle East countries have been severely or very severely damaged amid the ongoing …

KEY POINTS Nigeria’s petrol import bill fell to $10 billion in 2025, a 28.88% drop from $14.06 billion in 2024, according to the Central Bank of Nigeria (CBN). The reduction …

KEY POINTS The Centre for the Promotion of Private Enterprise, CPPE, has raised alarm over Nigeria’s chronic electricity supply issues, estimating that the country loses between N7 trillion and N10 …

KEY POINTS French energy company TotalEnergies and the United States government announced an agreement to redirect nearly $1 billion from offshore wind leases to domestic oil and natural gas projects. …

KEY POINTS Egypt petroleum ministry has announced that the country will pay $1.3 billion in arrears to international oil companies by June, advancing its previously scheduled repayment timetable. The move …

KEY POINTS Eskom has outlined an ambitious plan to eliminate load reduction by 2027 through a phased nationwide smart meter rollout. The initiative, highlighted in its latest power system update, …

KEY POINTS Global crude oil prices closed the week ending March 20, 2026, at $112 per barrel, marking an 8.22% weekly increase. Brent Crude Futures have climbed more than 53% …

KEY POINTS Algeria, the world’s third-largest oil producer, is making significant progress on the long-stalled $13 billion Trans-Sahara Gas Pipeline, a 4,100-kilometre initiative aimed at transporting natural gas from West …

KEY POINTS Italian energy company Eni S.p.A. has announced a significant offshore gas discovery in Libya, estimated at more than one trillion cubic feet (Tcf). The newly discovered reserves are …

KEY POINTS Shares of Chevron have pushed the company’s market capitalization above $400 billion for the first time, placing the oil major among the 20 most valuable publicly traded companies …