KEY POINTS The Abuja Electricity Distribution Company, AEDC, has laid off about 800 employees as part of a sweeping internal restructuring, marking one of the largest staff cuts in Nigeria’s …
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Energy TransitionIn the News
Over Two-Thirds of Nigerians Illegally Bypass Prepaid Meters, Deepening Power Sector Crisis
KEY POINTS More than two-thirds of electricity consumers in Nigeria are bypassing their prepaid meters to use power without paying, a practice that is bleeding the already fragile electricity sector, …
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In the NewsOil & Gas
Shell Awards Offshore Gas Contract to Halliburton for Nigeria’s OML 144 Development
KEY POINTS Halliburton has secured a major integrated drilling and completion services contract from Shell Nigeria Exploration and Production Company (SNEPCo), in collaboration with Sunlink Energies, to advance the development …
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KEY POINTS Oil prices fell on Wednesday as fresh signs of oversupply rekindled market fears of a global glut, dragging Brent crude below $64 per barrel and pushing West Texas …
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KEY POINTS The Dangote Petroleum Refinery has withdrawn its N100 billion lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian National Petroleum Company (NNPC) Limited, …
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Energy TransitionIn the News
Eskom Flags More Power Tariff Hikes as Cost Pressures Mount on South African Households
KEY POINTS Eskom has warned South Africans to brace for further electricity price increases, saying that long-standing discounts given to big industrial users are shifting the burden of rising costs …
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KEY POINTS Nigeria’s crude oil output fell again in October, adding to production setbacks in Libya and Venezuela that weakened the Organisation of the Petroleum Exporting Countries and its allies, …
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Energy TransitionIn the News
Delta Assembly Approves N18.1 Billion Bank Guarantee to Fast-Track Asaba Power Project
KEY POINTS The Delta State House of Assembly has granted approval for a new N18.1 billion bank guarantee in favour of Bastanchury Power Solutions Nigeria Limited, the developer of the …
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KEY POINTS Libya’s National Oil Corporation has announced a fresh oil discovery in the Ghadames Basin, reigniting optimism over the country’s energy potential after years of production instability. The new …
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In the NewsOil & Gas
NNPC Seeks Bigger Stake in Dangote’s $20 Billion Refinery as Nigeria Pushes for Energy Independence
KEY POINTS Nigeria’s state-owned oil company is setting its sights on greater control over the country’s refining future. The Nigerian National Petroleum Company, NNPC, Limited has announced plans to raise …