KEY POINTS Global energy giants have long controlled Nigeria’s deepwater oil and gas fields, but a quiet but significant power shift is now taking place. The era of uncontested international …
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KEY POINTS Far from the busy markets of London or New York, the flickering numbers on trading screens—Brent crude at $67.02 a barrel—tell a different story. That figure is more …
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KEY POINTS Environment Minister Dion George confirmed Friday that state-owned Eskom has received environmental approval to move forward with a 4,000-megawatt facility in the Western Cape, bringing South Africa one …
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KEY POINTS As the downstream oil marketer reported its worst half-year performance since 2020, Conoil Plc is going through its most challenging period in six years. Falling revenues, eroded margins, …
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Energy TransitionOil & Gas
Israel Signs $35 Billion Natural Gas Deal With Egypt to Cement Regional Energy Ties
KEY POINTS With a record-breaking $35 billion export agreement to supply natural gas to Egypt through 2040, Israel’s Leviathan gas field, a deepwater reservoir off the Mediterranean Coast has strengthened …
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KEY POINTS An advertisement claiming that FBNQuest Trustees Limited has placed Nigeria’s Ikeja Electricity Distribution Company and Egbin Power Plant under receivership has sparked controversy regarding the ownership of the …
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In the NewsOil & Gas
Shell, bp and Exxon Bet Big on Libya’s Oil Comeback After Decade of Instability
KEY POINTS Libya’s oil and gas industry is making a resurgence after years of instability and underinvestment, attracting the interest of major players in the global energy market. In an …
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In the NewsOil & Gas
Greece Defies Libya’s Claims in High-Stakes UN Filing Over Eastern Mediterranean Waters
Greece has strongly opposed Libya‘s claims to the sea in the Eastern Mediterranean. It did this by formally rejecting Tripoli’s objections to recent plans to explore for oil and gas …
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KEY POINTS Dynagas Ltd., one of the biggest companies in the world that moves liquefied natural gas, LNG, has added a new LNG carrier, Clean Mistral, to its growing fleet. …
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KEY POINTS South Africa’s fight to provide reliable, affordable electricity is getting harder because of structural problems and bad municipal tariffs. These issues are making people lose faith in the …