In the News

KEY POINTS The Federal Government has commissioned major upgrades at four electricity transmission substations in Lagos, adding about 360 megawatts (MW) of transmission capacity to the state’s power network. The …

KEY POINTS ExxonMobil’s Nigerian affiliate, Esso Exploration and Production Nigeria (Offshore East) Limited, has commenced a major new phase of development at the Usan oil field with the arrival of …

KEY POINTS The Nigerian equities market extended its losing streak to eight consecutive trading sessions on Thursday as investors continued to sell off shares in major companies, particularly Aradel Holdings …

KEY POINTS The proposed Nigeria-Morocco gas pipeline is moving closer to becoming a major piece of Africa’s energy infrastructure, following a regional agreement that could pave the way for construction …

KEY POINTS Libya is seeking between $30 billion and $40 billion in fresh investment to rebuild and expand its oil and gas industry, as the North African producer targets a …

Coal India is setting up its first overseas trading office in Singapore as it pushes into iron ore and critical minerals, two sources told Reuters.

The Russian-held Zaporizhzhia nuclear plant in Ukraine has switched to emergency diesel generators after damage to a high-voltage line cut its external power.

KEY POINTS Oil prices remained broadly stable in early Asian trading on Thursday as investors assessed the outlook for the U.S.-Iran conflict and uncertainty surrounding the movement of oil tankers …

KEY POINTS Nigeria could significantly increase its crude oil production from deep offshore assets following the introduction of new investment incentives aimed at accelerating oil and gas developments, according to …

KEY POINTS The Chief Executive Officer of Seplat Energy, Engr. Effiong Okon, has urged independent oil and gas operators in Nigeria to make asset integrity a priority, warning that ageing …