In the News

KEY POINTS Eskom has reported a profit after tax of R24.3 billion for the six months to the end of September, a sizeable improvement on the R17.8 billion recorded in …

KEY POINTS Dangote Refinery has trimmed the gantry price of diesel to ₦910 per litre, easing it down from ₦950 and signalling another attempt by the facility to pass on …

KEY POINTS Shell has withdrawn from the proposed multibillion-dollar Argentina LNG project, stepping back barely a year after it entered a project development agreement with YPF, the country’s state-controlled energy …

KEY POINTS ExxonMobil has begun winding down its oldest steam cracker on Singapore’s Jurong Island, marking a significant shift in the company’s Asian petrochemicals strategy at a time of persistent …

KEY POINTS Turkiye has moved to deepen the resilience of its gas supply mix after state-owned pipeline operator BOTAS struck two separate long-term agreements for liquefied natural gas with Germany’s …

KEY POINTS Oil prices steadied on Thursday, with traders weighing Ukraine’s latest strike on Russian energy infrastructure against the reality that diplomatic efforts to halt the war appear to have …

KEY POINTS The Nigerian Electricity Regulatory Commission, NERC, has signalled a far tougher stance on delinquent Distribution Companies after revealing that some operators have refunded only a fraction of the …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has once again found itself under pressure after the Auditor-General raised concerns over more than £14 million reportedly spent on the …

KEY POINTS The African Energy Chamber has sharply criticised the UK government’s decision to pull more than a billion dollars in support from Mozambique’s flagship LNG development, saying the move …

KEY POINTS Oil prices drifted lower on Tuesday as traders stepped back to reassess the fragile mood around the Russia–Ukraine peace track, while fresh signals of rising stockpiles and wider …