KEY POINTS Oil prices slid for a second straight day as traders braced for another production increase from OPEC+ and the resumption of Kurdish crude exports via Turkey, fueling expectations …
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Energy TransitionIn the News
Eskom Chair Vows Inflation-Linked Tariffs as Utility Seeks R112bn Cost Cuts
KEY POINTS South Africa’s state-owned power utility Eskom is shifting its focus from stabilising electricity supply to tackling affordability, with chairperson Mteto Nyati saying future tariff hikes must be brought …
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In the NewsOil & Gas
Dangote Refinery, PENGASSAN Talks Collapse After Nine Hours; Talks Resume at 2 p.m
KEY POINTS Nigeria’s attempt to broker peace between the Dangote Petroleum Refinery and one of the country’s most powerful oil unions ended without a deal after nine hours of negotiations, …
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KEY POINTS ExxonMobil Corp. Chief Executive Officer Darren Woods pressed Mozambique’s President Daniel Chapo last week for firm guarantees of security before moving ahead with a $30 billion liquefied natural …
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In the NewsOil & Gas
Nigeria Races to Avert Oil Workers’ Strike as PENGASSAN Clashes With Dangote Refinery
KEY POINTS Nigeria’s federal government is scrambling to head off a looming nationwide strike by senior oil workers after a confrontation between the Petroleum and Natural Gas Senior Staff Association …
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Energy TransitionIn the News
Eni Commits $8 Billion to Egypt’s Energy Push in Five-Year Investment Drive
KEY POINTS Italian energy major Eni SpA has unveiled plans to channel $8 billion into Egypt’s oil and gas sector over the next five years, reaffirming its central role in …
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KEY POINTS Nigeria’s petroleum regulator, NUPRC, has stepped into the growing standoff between Aliko Dangote’s refinery and oil sector unions, urging all sides to resolve their differences without putting the …
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Energy TransitionIn the NewsOil & Gas
Equatorial Guinea Strikes $690 Million Chevron Deal to Boost LNG Output
KEY POINTS Equatorial Guinea has signed a landmark agreement with US energy major Chevron to kickstart the Aseng Gas Project, a $690 million development aimed at securing feedstock for the …
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KEY POINTS The Dangote Petroleum Refinery, Nigeria’s flagship private downstream asset, has suspended sales of petrol in naira, setting the stage for another round of turbulence in the country’s fuel …
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KEY POINTS Nigeria’s most powerful oil and gas union, the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has directed its members across the country’s top energy firms …