In the News

KEY POINTS Kazakhstan and Shell have agreed to strengthen cooperation in the oil and gas sector following talks between Kazakhstan’s Energy Minister Yerlan Akkenzhenov and Shell Chief Executive Officer Wael …

KEY POINTS Nigeria recorded a combined crude oil and condensate production shortfall of about 16.6 million barrels in January and February 2026, according to data released by the Nigerian Upstream …

KEY POINTS Electricity distribution company Ikeja Electric has attributed the worsening power outages across Lagos to a nationwide decline in electricity generation. The company said the development has significantly reduced …

KEY POINTS Electricity distribution companies have attributed ongoing blackouts across Nigeria to inadequate generation from the country’s hydro power plants. The Chief Executive Officer of the Association of Nigerian Electricity …

KEY POINTS The Federal Government has announced plans to address persistent gas shortages affecting electricity generation, as unstable power supply continues across Nigeria. Minister of Power, Adebayo Adelabu, disclosed that …

KEY POINTS The International Energy Agency, IEA, has revealed that more than 40 energy assets across nine Middle East countries have been severely or very severely damaged amid the ongoing …

KEY POINTS Nigeria’s petrol import bill fell to $10 billion in 2025, a 28.88% drop from $14.06 billion in 2024, according to the Central Bank of Nigeria (CBN). The reduction …

KEY POINTS The Centre for the Promotion of Private Enterprise, CPPE, has raised alarm over Nigeria’s chronic electricity supply issues, estimating that the country loses between N7 trillion and N10 …

KEY POINTS French energy company TotalEnergies and the United States government announced an agreement to redirect nearly $1 billion from offshore wind leases to domestic oil and natural gas projects. …

KEY POINTS Nigeria earned $31.54 billion from crude oil exports in 2025, according to data released by the Central Bank of Nigeria (CBN). The figure represents a 14.41 percent decline …