In the News

KEY POINTS According to new data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigeria’s daily fuel consumption fell precipitously in June, with overall supply levels reaching one …

KEY POINTS Dangote refinery has lowered the wholesale price of gasoline, the second big action in two months to stabilize supply and ease pressure on petrol prices. On Tuesday, Dangote …

KEY POINTS In response to a contentious receivership claim involving Ikeja Electric, KEPCO Energy Resource Nigeria Ltd., NG Power-HPS Ltd., and New Electricity Distribution Company Ltd. have retaliated against Nigerian …

KEY POINTS Elektron Finance SPV Plc, the financing arm of Nigeria’s Elektron Energy Development Strategies, is stepping into the debt market with a bold N200 billion bond programme, betting big …

KEY POINTS Through a new joint venture, Fusion Fuel Green PLC, a small-cap clean energy company listed on the Nasdaq, is attempting to enter the specialized fuels market in South …

KEY POINTS MainPower Electricity Distribution Limited blames “code coverage conflicts” and other technical issues for the frequent blackouts that have affected parts of Enugu. These issues make it challenging to …

KEY POINTS Nigeria’s flagship Bonny Light crude ended Friday just shy of $69 a barrel, barely snapping a six-day losing streak, as global markets weighed the possibility of a U.S.-brokered …

KEY POINTS An advertisement claiming that FBNQuest Trustees Limited has placed Nigeria’s Ikeja Electricity Distribution Company and Egbin Power Plant under receivership has sparked controversy regarding the ownership of the …

KEY POINTS Libya’s oil and gas industry is making a resurgence after years of instability and underinvestment, attracting the interest of major players in the global energy market. In an …

Greece has strongly opposed Libya‘s claims to the sea in the Eastern Mediterranean. It did this by formally rejecting Tripoli’s objections to recent plans to explore for oil and gas …