In the News

Exxon and Petrobras are challenging the $4.6 billion Saipem7 merger, warning it could limit competition in Brazil’s offshore subsea services sector

Iran says oil exports to China will continue despite looming UN sanctions, dismissing fresh pressure as ineffective after years of U.S. restrictions

KEY POINTS Nigeria’s two most powerful oil sector unions have come out swinging against the Federal Government’s proposal to reduce its holdings in joint venture oil assets, warning that the …

KEY POINTS TotalEnergies plan to offload part of its onshore oil business in Nigeria has collapsed after regulators pulled their approval, dealing a blow to the French major’s push to …

KEY POINTS Workers at Chevron Nigeria Limited’s onshore and Escravos facilities staged a peaceful protest this week, urging the Olu of Warri, Ogiame Atuwatse III, to step in after repeated …

KEY POINTS South African households and businesses are bracing for steeper power bills after Eskom and the country’s energy regulator signed off on a deal that will push tariffs higher …

KEY POINTS South Africa’s former power utility chief, ESKOM, André de Ruyter, says the country’s longest stretch without rolling blackouts in years owes less to sudden operational miracles and more …

KEY POINTS Nigeria’s Dangote Petroleum Refinery is teaming up with some of the country’s biggest petroleum marketers to launch a free fuel delivery scheme, a move designed to slash logistics …

KEY POINTS Nigeria has launched a sweeping verification exercise of disputed and newly drilled oilfields and gas fields in the Niger Delta, a move aimed at settling long-running ownership disputes …

KEY POINTS Nigeria’s economy, long powered by non-oil sectors, saw the balance shift slightly in the second quarter of 2025 as crude oil output rebounded sharply, lifting the petroleum industry’s …