In the News

KEY POINTS President Bola Tinubu has approved the cancellation of massive legacy debts owed by the Nigerian National Petroleum Company Limited, NNPC, to the country’s central treasury. The debts, totaling …

KEY POINTS Tankers moving crude oil by Chevron under a specific US license have successfully delivered Venezuelan cargoes to American ports in recent days, even as the government enforces a …

KEY POINTS ExxonMobil Corp.’s stock closed at a new 52-week high on Monday, reaching $120.82 per share. The milestone caps a year in which the energy giant’s shares have climbed …

KEY POINTS Oil prices moved higher on Monday as investors digested the outcome of talks between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy, while keeping a close eye …

KEY POINTS Libya’s Waha Oil Company says it has brought two new gas wells into operation at its Farigh field, marking a modest but important boost to the country’s natural …

KEY POINTS Severe weather sweeping across South Africa during the festive season is hampering the efforts of ESKOM to restore electricity, with flooding and damaged infrastructure complicating access to affected …

KEY POINTS Nigeria’s National Petroleum Company Limited, NNPCL, reported strong gains in 2025, with crude oil and gas production rising above expectations, officials said. Group Chief Executive Officer Bayo Ojulari …

KEY POINTS Nigeria’s Rural Electrification Agency, REA, says it deployed more than 200 mini grids across underserved communities nationwide in 2025, marking a major step in efforts to narrow the …

KEY POINTS South Africa’s electricity grid is showing its strongest performance in almost a decade, with Eskom reporting a sharp fall in unplanned outages and steady gains in plant availability. …

KEY POINTS Nigeria’s state energy firm has restated its commitment to peace and dialogue in Ogoniland, describing the federal government’s renewed engagement with the oil producing area as a turning …