KEY POINTS Oil prices fell on Wednesday as fresh signs of oversupply rekindled market fears of a global glut, dragging Brent crude below $64 per barrel and pushing West Texas …
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In the News
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KEY POINTS The Dangote Petroleum Refinery has withdrawn its N100 billion lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian National Petroleum Company (NNPC) Limited, …
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Energy TransitionIn the News
Eskom Flags More Power Tariff Hikes as Cost Pressures Mount on South African Households
KEY POINTS Eskom has warned South Africans to brace for further electricity price increases, saying that long-standing discounts given to big industrial users are shifting the burden of rising costs …
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KEY POINTS Nigeria’s crude oil output fell again in October, adding to production setbacks in Libya and Venezuela that weakened the Organisation of the Petroleum Exporting Countries and its allies, …
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Energy TransitionIn the News
Delta Assembly Approves N18.1 Billion Bank Guarantee to Fast-Track Asaba Power Project
KEY POINTS The Delta State House of Assembly has granted approval for a new N18.1 billion bank guarantee in favour of Bastanchury Power Solutions Nigeria Limited, the developer of the …
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KEY POINTS Libya’s National Oil Corporation has announced a fresh oil discovery in the Ghadames Basin, reigniting optimism over the country’s energy potential after years of production instability. The new …
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In the NewsOil & Gas
NNPC Seeks Bigger Stake in Dangote’s $20 Billion Refinery as Nigeria Pushes for Energy Independence
KEY POINTS Nigeria’s state-owned oil company is setting its sights on greater control over the country’s refining future. The Nigerian National Petroleum Company, NNPC, Limited has announced plans to raise …
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Energy TransitionIn the News
Eskom’s Powerline Robot Wins U.S. Patent as South African Innovation Gains Global Attention
KEY POINTS A robot designed to inspect South Africa’s powerlines has earned Eskom international recognition, after being patented in both South Africa and the United States. The Powerline Inspection Robot, …
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KEY POINTS Austrian energy company OMV has announced a major oil and gas discovery in Libya’s Sirte Basin, marking one of the country’s most promising exploration successes in recent years. …
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In the NewsOil & Gas
AD Ports, Nimex Seal $8 Billion LNG and LPG Terminal Deal to Boost UAE’s Energy Trade
KEY POINTS In a landmark move to bolster the United Arab Emirates’ status as a global energy hub, AD Ports Group and Nimex Terminals have signed two long-term agreements worth …