In the News

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, …

KEY POINTS Oil prices remained broadly stable on Wednesday after earlier climbing to their highest levels in more than a month, as traders assessed growing risks to crude supplies from …

KEY POINTS South Africa’s state-owned power utility, Eskom, has reported a sharp increase in profits, marking its second consecutive profitable year after nearly a decade of financial losses. The utility …

KEY POINTS The Nigerian National Petroleum Company, NNPC, Limited recorded a sharp decline in profit and revenue in July 2026, largely due to lower crude oil and condensate sales as …

KEY POINTS The Dangote Petroleum Refinery has moved to restrict the sale of Premium Motor Spirit (PMS), commonly known as petrol, to six major oil marketers that currently hold active …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has provided fresh clarification on helicopter-related charges affecting Nigeria’s upstream petroleum industry, offering some relief to operators involved in offshore activities. …

KEY POINTS Petrol prices have climbed to as high as N1,350 per litre in parts of Nigeria following a series of increases in the gantry price of Premium Motor Spirit …