KEY POINTS Nigerians faced yet another hike in fuel prices on Monday as petrol costs soared above ₦900 per litre across filling stations in Abuja, deepening public frustration over rising …
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In the News
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KEY POINTS Oil prices edged higher on Monday after OPEC+ opted for a smaller-than-expected output hike for November, calming worries of a sharp supply influx but leaving markets cautious about …
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KEY POINTS ExxonMobil Corp. plans to slash roughly 2,000 jobs worldwide — about 3% to 4% of its total workforce — in the latest phase of a sweeping restructuring aimed …
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In the NewsMarkets
Cooking Gas Prices Soar to Record ₦25,000 as Supply Crisis Deepens Across Nigeria
KEY POINTS Nigerian households are reeling under a worsening shortage of cooking gas as the price of a 12.5-kilogram cylinder of Liquefied Petroleum Gas (LPG) has climbed to ₦25,000 this …
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Sumitomo wins Singapore grant to develop ammonia as marine fuel, advancing clean shipping goals and supporting Singapore’s low-carbon maritime ambitions
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Sahara Group plans to boost oil output to 350,000 barrels daily by 2030, driven by new rigs and expansion in Nigeria
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QatarEnergy secures 27% stake in Egypt’s North Cleopatra offshore block, expanding its role in the country’s fast-growing energy sector
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Eni resumes offshore drilling in Libya after five years, joining other oil majors returning as the country targets higher oil output
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KEY POINTS The Akwa Ibom State Government has announced the relocation of its Compressed Natural Gas, CNG, bus terminal from Odiok Itam in Itu Local Government Area to Obio Offot …
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Energy TransitionIn the News
States Still Committed to Power Reforms, FOCPEN Counters Claims of Backtracking
KEY POINTS The Forum of Commissioners for Power and Energy, FOCPEN, has dismissed reports suggesting that nearly two dozen Nigerian states have pulled back from implementing reforms under the Electricity …