In the News

KEY POINTS Chevron, the U.S.-based oil major, and the BP–ENI joint venture, Azule Energy, initially planned a smooth divestment of two mature offshore licences in Angola’s Block 14. However, what …

KEY POINTS The Group Managing Director of NNPC Ltd., Mr. Bayo Ojulari, has reiterated the company’s dedication to strengthening partnerships, developing indigenous capacity, and positioning gas as a central driver …

KEY POINTS Nigeria’s electricity grid continued to struggle with low generation availability and unstable system frequency in January 2026, highlighting persistent structural and operational weaknesses in the country’s power sector. …

KEY POINTS Oil marketers have confirmed that the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has resumed issuing petrol and diesel import licences to prevent fuel shortages. The move …

KEY POINTS SBM Offshore, a Netherlands-based deepwater ocean-infrastructure company, has sold its largest Guyana-operated floating production storage and offloading vessel (FPSO), FPSO ONE GUYANA, to ExxonMobil Guyana Ltd for US$2.32 …

KEY POINTS Shell Nigeria Exploration and Production Company Limited (SNEPCo) has been honoured for its groundbreaking contributions to oilfield development at the 9th Nigeria International Energy Summit (NIES) in Abuja. …

KEY POINTS South Africa’s energy regulator, Nersa, has approved higher electricity rate increases for state utility Eskom for the next two financial years after acknowledging errors in its previous calculations. …

KEY POINTS Joachim Adeyemi, a Lagos resident, has been left on estimated electricity billing for two months after reporting a faulty meter to Ikeja Electric. Instead of replacing the outdated …

KEY POINTS The Trans-Saharan Gas Pipeline (TSGP) project is gaining momentum after Algeria, Nigeria, and Niger reaffirmed their commitment to the 2024 gas agreements and are accelerating construction. Officials recently …

KEY POINTS Former Vice President Atiku Abubakar has argued that the Nigerian National Petroleum Company Limited’s (NNPCL) admission that reopening the Port Harcourt Refinery is a waste of resources validates …