In the News

KEY POINTS Weeks after the Federal Government promised measures to curb the rising cost of cooking gas, Liquefied Petroleum Gas, LPG, remains expensive across Abuja, frustrating households and retailers alike. …

KEY POINTS Egypt has exported a new shipment of liquefied natural gas, LNG, to Greece on behalf of Shell, the Ministry of Petroleum and Mineral Resources confirmed on Saturday. According …

KEY POINTS Chevron confirmed this week it is nearing a final investment decision on the second phase of its 22 trillion cubic foot Leviathan gas field offshore Israel, a project …

KEY POINTS Sierra Leone is pushing to build on its recent offshore oil exploration breakthrough with Italian energy giant Eni, as the West African nation seeks to position itself as …

KEY POINTS The Abuja Electricity Distribution Company, AEDC, has laid off about 800 employees as part of a sweeping internal restructuring, marking one of the largest staff cuts in Nigeria’s …

KEY POINTS More than two-thirds of electricity consumers in Nigeria are bypassing their prepaid meters to use power without paying, a practice that is bleeding the already fragile electricity sector, …

KEY POINTS Halliburton has secured a major integrated drilling and completion services contract from Shell Nigeria Exploration and Production Company (SNEPCo), in collaboration with Sunlink Energies, to advance the development …

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 …

KEY POINTS The Dangote Petroleum Refinery has withdrawn its N100 billion lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian National Petroleum Company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, …

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 …