In the News

KEY POINTS Residents of the Federal Capital Territory (FCT) are continuing to struggle with the high cost of cooking gas, despite a recent decline in Liquefied Petroleum Gas (LPG) prices. …

KEY POINTS Three years after the Federal Government began promoting compressed natural gas, CNG, as a cheaper alternative to petrol, the initiative has yet to gain significant traction among private …

KEY POINTS Fourteen municipalities across South Africa are facing the possibility of electricity supply interruptions after failing to conclude Distribution Agency Agreements (DAAs) with Eskom ahead of a September 1 …

KEY POINTS Seplat Energy Chief Executive Officer, Effiong Okon, has urged independent oil and gas operators in Nigeria to make asset integrity a top priority, warning that ageing infrastructure, poor …

KEY POINTS Chevron Corp. is in talks to expand its operations in Venezuela as the United States moves to strengthen its involvement in the South American country’s oil industry. The …

KEY POINTS Sahara Power Enterprise Group has commenced construction of a $12 million gas-fired Independent Power Plant (IPP) in Lagos as part of efforts to improve electricity supply to businesses …

KEY POINTS Rwanda has thrown its support behind Dangote Industries’ proposed $17 billion oil refinery in Lamu, Kenya, as East Africa seeks to strengthen its petroleum supply network and reduce …

KEY POINTS Energean is in exclusive negotiations to acquire some of BP’s upstream oil and gas assets in Egypt in a deal that could be worth about $1 billion, according …

KEY POINTS The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has called for sustained government policies and increased private-sector investment to expand Nigeria’s domestic refining capacity and …

KEY POINTS Shares in Italian energy giant Eni fell for the fifth consecutive trading session on Thursday as investors remained concerned about the possibility of a new windfall tax on …