Oil headed for a weekly gain above 6 percent as US-Iran fighting resumed, while US diesel prices hit a record high, fuelling fresh global inflation fears.
In the News
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Nigeria will soon begin producing solar panels locally through a partnership with LONGi to cut renewable energy costs, the Energy Commission of Nigeria says.
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KEY POINTS TotalEnergies has completed its acquisition of a 40% operated interest in Namibia’s PEL83 licence, strengthening its position in the country’s emerging oil industry and giving the French energy …
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KEY POINTS BP Plc has agreed to sell partial interests in two major offshore exploration opportunities to Shell Plc, deepening cooperation between the two energy giants while allowing BP to …
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KEY POINTS A remotely controlled drone attempted to attack a fuel depot in Libya’s capital, Tripoli, on Thursday, September 3, raising fresh concerns about the security of the country’s critical …
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In the NewsOil & Gas
Dangote Refinery IPO to Open Within 10 Days as IEA Targets Doubling Nigeria’s Energy Investment
KEY POINTS The Initial Public Offering, IPO, of the Dangote Petroleum Refinery is expected to open within the next 10 to 12 days, marking a major step towards broadening ownership …
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In the NewsOil & Gas
PENGASSAN Leadership Crisis Deepens as Members Ask Court to Cancel July Election
KEY POINTS A leadership crisis has erupted within the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, branch covering NNPC Trading Limited (NTL) and NNPC Shipping and Logistics …
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KEY POINTS Oando Energy Resources, the upstream subsidiary of Oando PLC, has called for stronger collaboration among governments, regulators, oil and gas companies and host communities to unlock investment and …
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Australian gas producers are pitching the Northern Territory as a home for AI data centres, saying developers can self-generate power and skip long grid-connection queues.
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South Korea’s KEPCO has proposed Samsung prepay 20 trillion won ($15 billion) for power through 2031 to fund grid expansion, a newspaper says.