In the News

KEY POINTS Iran has warned it could shut the Strait of Hormuz indefinitely if the United States carries out threats to attack its power infrastructure. The warning followed a 48-hour …

KEY POINTS A major blackout has hit several parts of Lagos State following a fire outbreak along the Lekki-Epe Expressway, the Eko Electricity Distribution Company, EKEDC, has confirmed. The blackout …

KEY POINTS Italian energy company Eni S.p.A. has announced a significant offshore gas discovery in Libya, estimated at more than one trillion cubic feet (Tcf). The newly discovered reserves are …

KEY POINTS Shares of Chevron have pushed the company’s market capitalization above $400 billion for the first time, placing the oil major among the 20 most valuable publicly traded companies …

KEY POINTS Dangote Refinery has announced another upward review of its petrol pricing, raising the gantry price of Premium Motor Spirit (PMS) from ₦1,175 to ₦1,245 per litre, a ₦70 …

KEY POINTS Nigeria’s Minister of Power, Adebayo Adelabu, has assured citizens that improvements in electricity supply are on the horizon, despite the ongoing crisis crippling the sector. Speaking in a …

KEY POINTS Qatar has confirmed that one of the two production trains at Shell’s Pearl gas-to-liquids (GTL) plant will remain offline for at least one year after sustaining damage from …

KEY POINTS Chevron has agreed to sell its stakes in two offshore oil blocks in Angola to Energean in a deal valued at $260 million, marking another step in the …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has commenced an investigation into a gas bubbling incident reported in the Bille community of Rivers State, raising concerns over public …

KEY POINTS The Transmission Company of Nigeria (TCN) confirmed that Tower T99 along the Ughelli–Benin 330kV line collapsed because of vandals on March 15, 2026. The incident occurred in Coconut …