KEY POINTS Nigeria’s oil magnate Tein Jack-Rich has called on African nations to take charge of their own energy future by using the continent’s immense gas reserves and market potential …
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In the News
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In the NewsOil & Gas
Dangote Refinery Surpasses Nigeria’s Fuel Demand with 70 Million – Litre Daily Output
KEY POINTS The Dangote Petroleum Refinery has reached a historic milestone, producing a combined 70 million litres of petrol and diesel daily, a volume that outstrips Nigeria’s total domestic fuel …
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KEY POINTS ExxonMobil is in advanced discussions with power producers and leading technology companies to provide energy for artificial intelligence data centres using natural gas facilities equipped with carbon capture …
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Energy TransitionIn the News
Eskom Overhauls Board with Seven New Appointments to Drive Reform and Energy Stability
KEY POINTS Eskom Holdings SOC Limited has announced a sweeping reconstitution of its Board of Directors, unveiling seven new appointments effective 1 December 2025, in what officials describe as a …
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In the NewsOil & Gas
Mozambique Pushes Back on TotalEnergies’ Revised LNG Plan Amid Rising Project Costs
KEY POINTS Mozambique’s government has hinted at possible resistance to TotalEnergies’ revised budget and timeline for its liquefied natural gas, LNG, project, signalling that the country may not easily approve …
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In the NewsOil & Gas
Arbitration Storms Shake Global LNG Industry as Contracts Give Way to Courtroom Battles
KEY POINTS The liquefied natural gas industry, LNG, long anchored in decades-long contracts and mutual trust, is now navigating its most turbulent phase yet. Billionaires Africa reports that what was …
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In the NewsOil & Gas
Dangote Dismisses Calls to Buy NNPC Refineries, Urges Private Investors to Take the Lead
KEY POINTS Aliko Dangote has ruled out acquiring any of Nigeria’s ailing state-owned refineries, saying he would rather expand his privately-owned Dangote Refinery than be accused of monopolising the nation’s …
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KEY POINTS Libya’s National Oil Corporation, NOC, has announced a fresh oil discovery in the Sirte Basin made by Austria’s OMV, signalling renewed momentum in the country’s upstream sector amid …
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Energy TransitionIn the News
Eskom Begins Smart Meter Rollout in KwaZulu-Natal to Curb Load Reduction and Modernise Grid
KEY POINTS Eskom has begun installing smart meters across KwaZulu-Natal as part of a nationwide drive to overhaul South Africa’s ageing electricity infrastructure and address persistent load reduction. The initiative …
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KEY POINTS Nigerian crude prices held firm on Wednesday as data showed that US oil and fuel inventories dropped more than expected, offering a fresh spark to global oil markets. …