In the News

Oil prices edge up following OPEC demand forecast revision, with dollar gains and geopolitical tensions limiting market recovery

Ridgemar Energy seeks buyers for its Eagle Ford Basin assets, potentially valuing the U.S. oil producer at over $1 billion.

Nigeria’s removal of fuel subsidies raises fuel costs, sparking public protests and challenges for policymakers

Exxon Mobil is selling its mature Permian Basin assets to Hilcorp Energy for $1 billion, as it shifts focus to high-yield shale properties.

South Africa spent R17 billion on renewable energy imports in 2024, pushing for local manufacturing to support jobs and reduce costs

Dangote refinery exports gasoline amid local demand issues, as Nigeria faces challenges to meet domestic fuel needs

African nations face unique challenges and opportunities in pursuing net-zero emissions, balancing economic growth with environmental sustainability.

Africa’s coal power plants face climate and economic pressure to transition, challenging African nations to balance energy needs with sustainable goals

Guyana and Suriname’s LNG projects capitalize on rising global demand, with their exports potentially boosted by a U.S. license pause

More than a quarter of U.S. Gulf of Mexico oil production remains offline after storm Rafael, with ongoing disruptions affecting output and delaying recovery efforts.