In the News

Oil prices climbed as unrest in Iran raised fears of supply disruption, pushing traders to focus on geopolitical risk despite expectations of a global crude surplus

MA’AM Energy’s $750m takeover of Geregu Power is raising investor expectations, resetting valuations and signalling deeper private investment in Nigeria’s electricity market

Trump signaled he may bar Exxon from Venezuela after its CEO called the country uninvestable, highlighting lingering disputes over assets, debt and control of oil revenues

Goldman Sachs expects oil prices to weaken in 2026 as rising supply and inventories create a surplus, delaying a sustained recovery until at least 2027

Eterna Plc has opened a ₦21.52bn rights issue to fund expansion, boost liquidity and reinforce its balance sheet amid volatility in Nigeria’s downstream energy market

KEY POINTS Dangote Petroleum Refinery has denied claims that a surge in petrol imports late last year followed a breakdown in supply arrangements between the refinery and petroleum marketers. The …

KEY POINTS Eskom says South Africa’s electricity system remains stable and capable of meeting higher demand expected in the coming weeks as businesses and industries resume operations after the festive …

TotalEnergies has secured a new offshore permit in Lebanon, pressing ahead with Mediterranean exploration as the country looks to gas discoveries to aid recovery

OpenAI and SoftBank have invested $1 billion in SB Energy, backing large Texas data centers as electricity supply becomes central to the future of artificial intelligence.

Meta signed long-term nuclear power deals with Vistra and backed new reactor projects as it secures electricity supply for expanding data centers and artificial intelligence growth