In the News

South Korea’s KEPCO has proposed Samsung prepay 20 trillion won ($15 billion) for power through 2031 to fund grid expansion, a newspaper says.

KEY POINTS Seplat Energy has unveiled an ambitious four- to five-year growth strategy aimed at increasing its oil production to 500,000 barrels per day and returning $1 billion in dividends …

KEY POINTS Dangote’s upstream subsidiary, West African Exploration and Production, WAEP, is preparing to launch a major drilling campaign that could cost as much as $800 million as the group …

KEY POINTS Italian energy company Eni has signed a new agreement with Venezuela’s state-owned oil company, PDVSA, to take operatorship of the Junin 5 oil field in the country’s Orinoco …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, recorded a significant decline in revenue in July 2026 as lower crude oil production and operational disruptions affected its financial performance. …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC Ltd, remitted N7.913 trillion in statutory payments to the Federation Account between January and July 2026, even as disruptions across several …

KEY POINTS Shell Offshore, a subsidiary of global energy major Shell, is set to acquire a 30 per cent stake in the Conifer exploration prospect in the Gulf of Mexico …

Power and cooling suppliers are cashing in on a global data centre boom, as demand for transformers and liquid cooling surges beyond Nvidia’s chips

Japan’s Eneos is buying billions in overseas oil and petrochemical assets to offset falling home demand, testing its ability to manage and trade assets abroad.

KEY POINTS More than 150 critical oil and gas projects across Africa have been stalled as investment in the continent’s energy sector continues to decline, raising concerns over energy security, …