KEY POINTS Adura, the joint venture between Shell and Equinor focused on oil and gas assets in the UK North Sea, has secured a $3 billion reserve-based lending facility to …
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In the News
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In the NewsOil & Gas
Dubai Crude Premium Slumps Sharply as Sellers Flood Market and TotalEnergies Remains Sole Buyer
KEY POINTS The spot premium for Dubai crude has dropped sharply to its lowest level in three weeks after sellers flooded the market with offers while TotalEnergies remained the only …
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KEY POINTS Dangote Petroleum Refinery and Petrochemicals has reduced its petrol price, lowering the gantry price to N1,200 per litre and the coastal price to N1,153 per litre. The adjustment …
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Energy TransitionIn the News
City Power, Eskom Continue Repairs to Restore Electricity in Roodepoort
KEY POINTS City Power and Eskom technical teams are continuing repair work in Roodepoort after a major electricity outage left nearly half of the area without power. The teams worked …
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Energy TransitionIn the News
Power Sector Reforms Attract $2 Billion Investment as Liabilities drop to N146bn
KEY POINTS The Federal Government has announced that ongoing reforms in Nigeria’s power sector have attracted about $2 billion in fresh investments while reducing sector liabilities to approximately N146 billion. …
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Energy TransitionIn the News
AfDB Approves $5.65 Million Grant for Mini-Grid Projects Across 14 African Countries
KEY POINTS The African Development Bank, AfDB, has approved a $5.65 million grant to support Peace Renewable Energy Certificate mini-grid projects across 14 African countries, targeting improved electricity access for …
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KEY POINTS The Nigerian National Petroleum Company, NNPC, has said Nigeria is witnessing increased demand for its liquefied natural gas cargoes, as global energy disruptions create new commercial opportunities. The …
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KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has signed Petroleum Exploration Licence No. 5 with SeaSeis Geophysical Limited to advance offshore exploration activities. The agreement authorises the company, …
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Energy TransitionIn the News
TCN Demolishes Houses, Shops Along 330kV Transmission Corridor in Kaduna
KEY POINTS The Transmission Company of Nigeria, TCN, has demolished residential and commercial structures encroaching on the corridor of a 330kV transmission line in the Kudenda area of Kaduna State, …
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KEY POINTS The Federal Government has reopened petrol importation, issuing fresh licences to six oil marketers following supply concerns triggered by geopolitical tensions in the Middle East. The move represents …
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