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In the News

  • In the News

    Dangote Refinery Plans October IPO to Give Nigerians a Share in its Growth

    by Ikeoluwa Juliana Ogungbangbe August 15, 2026
    by Ikeoluwa Juliana Ogungbangbe August 15, 2026

    KEY POINTS Nigeria’s Dangote Petroleum Refinery is preparing for a major initial public offering, IPO, in October, with the company positioning the planned share sale as an opportunity for Nigerians …

  • In the NewsOil & Gas

    Madagascar Imports Diesel Cargo to Ease Energy Crisis

    by Ikeoluwa Juliana Ogungbangbe August 14, 2026
    by Ikeoluwa Juliana Ogungbangbe August 14, 2026

    KEY POINTS Madagascar has imported a major shipment of diesel to help ease an energy supply crisis that has disrupted fuel availability and placed pressure on electricity and water services …

  • In the NewsMarketsOil & Gas

    AFC Invests in Dangote Refinery’s $2.5bn Share Placement After $300m Loan Repayment

    by Ikeoluwa Juliana Ogungbangbe August 14, 2026
    by Ikeoluwa Juliana Ogungbangbe August 14, 2026

    KEY POINTS Africa Finance Corporation, AFC, has invested in Dangote Petroleum Refinery’s $2.5 billion private placement, deepening its financial relationship with the Nigerian energy company after the full repayment of …

  • In the NewsOil & Gas

    Deep Offshore Incentives to Unlock $50bn Investment, Raise Nigeria’s Oil Output — NNPC

    by Ikeoluwa Juliana Ogungbangbe August 14, 2026
    by Ikeoluwa Juliana Ogungbangbe August 14, 2026

    KEY POINTS The Federal Government’s new fiscal incentives for deep offshore oil and gas projects are expected to attract more than $50 billion in fresh investment and help Nigeria significantly …

  • In the NewsOil & Gas

    ExxonMobil Pushes Ahead With $20bn Mozambique LNG Project

    by Ikeoluwa Juliana Ogungbangbe August 14, 2026
    by Ikeoluwa Juliana Ogungbangbe August 14, 2026

    KEY POINTS ExxonMobil is advancing preparations for the $20 billion Rovuma LNG project in Mozambique, awarding new engineering contracts as the massive gas development moves closer to a final investment …

  • In the News

    Gas turbine boom may boost Nigeria’s exports but starve local supply

    by Otobong Tommy August 13, 2026
    by Otobong Tommy August 13, 2026

    A global gas turbine boom could boost Nigeria’s gas exports but starve its own power plants of fuel, deepening a long-running domestic supply gap.

  • In the News

    Oil slips on weaker demand outlook and higher US stocks

    by Otobong Tommy August 13, 2026
    by Otobong Tommy August 13, 2026

    Oil prices fell on Thursday as a weaker demand outlook and a sharp rise in US crude stocks outweighed supply disruptions and a US-Iran deadlock.

  • In the News

    OPEC Cuts 2026 Global Oil Demand Growth Forecast to 600,000 bpd

    by Ikeoluwa Juliana Ogungbangbe August 13, 2026
    by Ikeoluwa Juliana Ogungbangbe August 13, 2026

    KEY POINTS The Organisation of the Petroleum Exporting Countries, OPEC, has lowered its forecast for global oil demand growth in 2026, citing weaker expected consumption across key Asian markets. In …

  • In the News

    Court Nullifies PENGASSAN Chevron Branch Dissolution, Orders Fresh Elections

    by Ikeoluwa Juliana Ogungbangbe August 13, 2026
    by Ikeoluwa Juliana Ogungbangbe August 13, 2026

    KEY POINTS The National Industrial Court of Nigeria sitting in Ikoyi, Lagos, has nullified the dissolution of the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, Chevron Branch …

  • Energy TransitionIn the News

    Severe Winter Weather Knocks Out Power Across South Africa

    by Ikeoluwa Juliana Ogungbangbe August 13, 2026
    by Ikeoluwa Juliana Ogungbangbe August 13, 2026

    KEY POINTS South Africa is grappling with the aftermath of a massive winter storm system that has battered multiple provinces with heavy snowfall, driving rain, gale-force winds, and freezing temperatures. …

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