In the News

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has warned companies holding undeveloped oil and gas blocks to begin development activities by October 31, 2026, or risk losing their …

KEY POINTS Italian energy company Eni plans to expand its gas processing capacity in Egypt’s Western Desert through its Meleiha Phase 2 project, as the country seeks to increase gas …

KEY POINTS Parts of Lagos and Abuja are experiencing electricity disruptions as distribution companies blame reduced power allocation from the national grid and technical faults for the interruptions. Ikeja Electric …

Pi-CNG says long queues at CNG stations should ease by the end of the year as more stations open, though motorists still face long waits.

Oil majors are set for sharply higher third quarter profits as the Iran war boosts refining and trading, and investors are watching the spending.

KEY POINTS Oando Plc has identified operating risks, inconsistent government policies and regulatory uncertainty as major reasons foreign lenders are reluctant to finance African oil and gas companies, warning that …

KEY POINTS Global oil prices remained near a five-month high on Tuesday, October 20, 2026, as attacks claimed by Yemen’s Houthi rebels on Saudi energy infrastructure and reports of assaults …

Brent edged lower to $109.55 on Monday as profit-taking offset Houthi attacks on Saudi energy sites and a steep fall in Gulf crude flows through Hormuz.

Oil slipped from a five-month high on Monday, with Brent at $107.57, as Trump’s Russia sanctions waiver raised hopes of more supply despite Hormuz disruptions.

KEY POINTS Dangote Petroleum Refinery and Petrochemicals has attracted investors from 51 of Africa’s 54 countries as its initial public offering, IPO, draws strong demand across the continent and from …