In the News

KEY POINTS Dangote Petroleum Refinery and Petrochemicals FZE has opened a N2.15 trillion Initial Public Offering, IPO, giving Nigerians and other African investors an opportunity to acquire shares in one …

KEY POINTS Nelson Mandela University in South Africa’s Eastern Cape is set to significantly reduce its dependence on Eskom after installing a 4.4 megawatt solar photovoltaic system across its seven …

KEY POINTS ExxonMobil expects offshore exploration and expanded natural gas development to remain important drivers of Guyana’s economic growth over the next decade as the South American country seeks to …

KEY POINTS QatarEnergy is in talks with several US LNG producers to secure multi-year supplies through 2031 as it looks to replace export capacity damaged by Iranian attacks, according to …

KEY POINTS Italy’s Saipem is introducing a new range of standardised floating liquefied natural gas, FLNG, facilities designed to simplify project development, shorten delivery timelines and unlock gas resources that …

KEY POINTS Oando Energy Resources Nigeria Limited, OERNL, a subsidiary of Oando Plc, has launched a 12-month drilling engineering training programme aimed at equipping young Nigerians with specialised technical skills …

Global and African leaders have backed Dangote Refinery’s proposed IPO, saying broader ownership could open Africa’s industrial wealth to ordinary citizens and the diaspora.

Amaranta has named the Ooni of Ife, Adeyeye Enitan Ogunwusi, as board chairman as it targets 100,000 barrels a day at OML 42 in the western Niger Delta.

KEY POINTS Residents gathered in several communities over electricity issues, including Sukuta, Manduar, Kerr Serign and Jambur, according to AFP. In some areas, youths reportedly blocked roads and set fires …

KEY POINTS Fresh pressure is building on petrol prices in Nigeria after the estimated landing cost of petrol rose to ₦1,311.36 per litre, exceeding the current ₦1,265 per litre gantry …