KEY POINTS Oil prices drifted lower on Tuesday as traders stepped back to reassess the fragile mood around the Russia–Ukraine peace track, while fresh signals of rising stockpiles and wider …
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Energy TransitionIn the News
South Africa Moves to Phase Out Load Reduction as Eskom Unveils Overhaul Plan
KEY POINTS Eskom has set out a fresh timetable to scrap load reduction across the country by 2027, marking its most assertive attempt in years to stabilise a battered distribution …
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Energy TransitionIn the News
Eskom’s Recovery Bolsters Namibia’s Power Security as New Supply Deal Takes Effect
KEY POINTS Namibia’s electricity outlook has brightened following Eskom decision to conclude firm power-supply agreements with both Namibia and Botswana, arrangements scheduled to take effect from 1 April 2025. The …
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In the NewsOil & Gas
Nigeria Opens 2025 Oil Licensing Round as NUPRC Pushes Digital Bidding to Lure Global Investors
KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has opened the country’s latest oil licensing round, unveiling a fully digital bidding portal in an effort to revive exploration interest …
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KEY POINTS The Court of Appeal in Lagos has stepped in to preserve the authority of a court-appointed receiver overseeing the assets of Nestoil Limited and its affiliate Neconde Energy, …
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In the NewsOil & Gas
Libya Moves to Deepen Oil Exploration as Polish Firm PUNA Sets Out Fresh Drilling Plans
Libya’s National Oil Corporation, NOC, has begun a fresh review of exploration work in the Murzuq Basin, holding a detailed session with Poland’s PUNA Oil Company as the North African …
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Energy TransitionIn the News
Eskom Braces for Fierce Wage Battle as Unions Push for Double-Digit Pay Rises
KEY POINTS Eskom annual wage negotiations have taken a sharp turn, with labour unions representing the bulk of the utility’s workforce dismissing a proposed 3.5 percent salary increase and instead …
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In the NewsOil & Gas
Shell Presses Italy for New Well Approvals as It Seeks to Lift Domestic Oil and Gas Output
KEY POINTS Shell has signalled it is prepared to deepen its spending in Italy’s upstream sector, urging Rome to move ahead with long-pending approvals for fresh drilling that it says …
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In the NewsOil & Gas
BP and Eni Boost Angola’s Gas Ambitions with Early Start-Up of New Treatment Plant
KEY POINTS BP and Eni’s joint venture in Angola has brought a major gas processing plant into operation in Soyo, marking one of the country’s most significant steps yet in …
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KEY POINTS The Nigerian National Petroleum Company Limited, NNPCL, is confronting an increasingly heavy debt burden, with crude-backed loan obligations now estimated at N8.07tn. The figure, drawn from the company’s …