In the News

KEY POINTS Former Vice-President Atiku Abubakar has called on President Bola Tinubu’s administration to provide a detailed account of the N11.2 trillion in receivables recorded by the Nigerian National Petroleum …

KEY POINTS ExxonMobil is seeking to unlock more value from Nigeria’s deepwater oil and gas resources through advanced technology, integrated workflows and stronger collaboration across the industry. The American energy …

KEY POINTS The Anambra State Government is planning to establish a modular refinery as part of efforts to expand liquefied petroleum gas, LPG, production and attract fresh investment into the …

Tony Elumelu’s Heirs Energies bought 6 million Seplat shares for about £53 million, lifting the group’s combined stake in the oil producer to 21.07%.

Nigeria’s electricity distributors collected N603.64 billion in the second quarter, but a 3.4% drop in power offtake and heavy losses show deep strain.

Iran says the Strait of Hormuz will stay shut until the United States meets seven conditions, leaving oil above $100 and energy markets anxious

KEY POINTS Chevron has agreed to acquire a 10% stake in an offshore exploration licence in Namibia’s Orange Basin from Custos Energy for $11 million, strengthening its position in one …

KEY POINTS A $16 billion oil refinery planned by Nigerian billionaire Aliko Dangote in Kenya is facing a fresh legal challenge after a consumer-rights organisation petitioned a court to halt …

KEY POINTS South Africa’s state-owned electricity utility,Eskom, has extended its waiver of registration-related charges for eligible customer-owned solar power installations connected directly to its distribution network, allowing households additional time …

KEY POINTS Libya’s state-owned National Oil Corporation, NOC, has announced that production at the Sharara oil field, the country’s largest oil-producing asset, has risen to more than 340,000 barrels per …