KEY POINTS Cooking gas prices in Nigeria’s capital city have held steady even as consumers in Lagos and other regions battle rising costs following last week’s supply disruptions. A market …
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KEY POINTS Nigerians faced yet another hike in fuel prices on Monday as petrol costs soared above ₦900 per litre across filling stations in Abuja, deepening public frustration over rising …
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KEY POINTS Oil prices edged higher on Monday after OPEC+ opted for a smaller-than-expected output hike for November, calming worries of a sharp supply influx but leaving markets cautious about …
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KEY POINTS ExxonMobil Corp. plans to slash roughly 2,000 jobs worldwide — about 3% to 4% of its total workforce — in the latest phase of a sweeping restructuring aimed …
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KEY POINTS Gasum Oy, Finland’s state-owned energy company, has begun construction on three new liquefied biogas (LBG), or bio-LNG, filling stations as part of its broader strategy to expand the …
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In the NewsMarkets
Cooking Gas Prices Soar to Record ₦25,000 as Supply Crisis Deepens Across Nigeria
KEY POINTS Nigerian households are reeling under a worsening shortage of cooking gas as the price of a 12.5-kilogram cylinder of Liquefied Petroleum Gas (LPG) has climbed to ₦25,000 this …
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KEY POINTS The Akwa Ibom State Government has announced the relocation of its Compressed Natural Gas, CNG, bus terminal from Odiok Itam in Itu Local Government Area to Obio Offot …
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Energy TransitionIn the News
States Still Committed to Power Reforms, FOCPEN Counters Claims of Backtracking
KEY POINTS The Forum of Commissioners for Power and Energy, FOCPEN, has dismissed reports suggesting that nearly two dozen Nigerian states have pulled back from implementing reforms under the Electricity …
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In the NewsOil & Gas
TotalEnergies Prepares to Revive $20 Billion Mozambique LNG Project After Four-Year Halt
KEY POINTS Mozambique signaled a breakthrough for one of Africa’s most ambitious energy ventures after President Daniel Chapo said Thursday that conditions have been met for TotalEnergies SE to restart …
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KEY POINTS Eni SpA and its consortium partners have approved the long-awaited Coral North floating liquefied natural gas (FLNG) development offshore Mozambique, a move expected to transform the country’s role …