In the News

OpenAI and SoftBank have invested $1 billion in SB Energy, backing large Texas data centers as electricity supply becomes central to the future of artificial intelligence.

Meta signed long-term nuclear power deals with Vistra and backed new reactor projects as it secures electricity supply for expanding data centers and artificial intelligence growth

Venezuela’s oil stockpiles at sea jumped sharply as US enforcement tightened, tankers stalled offshore, and Chinese buyers grew cautious about future crude supplies

Aliko Dangote has filed a fresh petition with the EFCC against ex-NMDPRA chief Farouk Ahmed, escalating corruption allegations after withdrawing a similar ICPC complaint

Levene Energy secured a $64 million Afreximbank facility to back an Axxela-linked gas investment, signaling a strategic move from oil trading into infrastructure

KEY POINTS ExxonMobil and Turkey’s state-owned oil company, Turkish Petroleum, have signed a memorandum of understanding to work together to look into new oil and gas exploration and development opportunities …

KEY POINTS Shell has agreed to buy stakes in two undeveloped offshore oil blocks in Angola from Chevron, strengthening its position in one of Africa’s most important crude producing nations. …

KEY POINTS As part of getting ready for Nigeria’s 2025 oil and gas licensing round, which is being closely watched by both local and international energy companies, the country’s upstream …

Seplat Energy Plc has named Canaccord Genuity Limited and Peel Hunt LLP as its new joint UK corporate brokers. This shows that more and more people are interested in the …

Wale Tinubu highlighted deals by Femi Otedola and Tony Elumelu, saying the transactions reflect a shift in ownership and capital across Nigeria’s power and oil sectors