In the News

KEY POINTS The Tanzanian government and Japan’s JGC Holdings Corp. have inked a memorandum of understanding to exchange technical know-how and aid in the development of Tanzania’s enormous offshore natural …

KEY POINTS An important milestone in Eni SpA’s efforts to start the Republic of Congo’s first liquefied natural gas, LNG, project has been reached with the conversion of a decades-old …

KEY POINTS The rollout of Dangote Refinery’s much-anticipated fuel distribution scheme has hit an unexpected delay, nearly two weeks after its scheduled launch, unsettling petroleum marketers and raising fresh questions …

KEY POINTS Five years after the Brazilian state oil giant withdrew from Nigeria, President Bola Tinubu has convinced Petrobras to re-enter the West African nation. The agreement, which was finalized …

KEY POINTS In an effort to restart production at a location that was once touted as a game-changer for the nation’s energy balance, Egypt is drilling three new wells at …

KEY POINTS Nigeria’s production of oil increased in July, giving the continent’s biggest producer new impetus to recover barrels that were lost to sabotage, theft, and years of underinvestment. According …

KEY POINTS Despite having a more reliable supply of electricity, some rural communities in Nigeria are paying higher electricity tariffs than urban Band A customers, according to the country’s federal …

KEY POINTS Monday saw a slight increase in oil prices as traders weighed the prospect of additional barrels entering the market from OPEC+ against geopolitical tensions that threatened Russian supply. …

KEY POINTS On Monday, the Nigerian Electricity Regulatory Commission, NERC, announced that it had given the recently formed Bayelsa Electricity Regulatory Agency (BYERA) control over the state’s power market. The …

KEY POINTS The Independent Petroleum Marketers Association of Nigeria, IPMAN, has sounded the alarm over a mounting debt dispute with the Anambra State Government that could push fuel prices in …