In the News

KEY POINTS Kenya is preparing to break ground on a proposed 700,000-barrel-per-day refinery in Lamu, a multibillion-dollar project being developed with Nigerian industrialist Aliko Dangote. Kenyan President William Ruto announced …

KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has approved 830,000 tonnes of Premium Motor Spirit imports for the fourth quarter of 2026 as tighter global fuel …

KEY POINTS BP CEO Meg O’Neill says the oil major needs to make more disciplined investment decisions and strengthen investor confidence as she marks her first 100 days in the …

Bangladesh has raised fuel prices by up to 17.4 percent, its third hike since April, as the Middle East conflict drives up global oil and shipping costs.

Petrobras has approved joining Brazil’s new diesel subsidy program worth 1 real per liter, as President Lula moves to cushion voters from rising oil prices.

KEY POINTS Chevron plans to sharply increase its oil and gas exploration activity next year as it overhauls its exploration strategy and seeks to improve its record of finding new …

KEY POINTS Ikeja Electric Plc has started refunding eligible customers who previously paid for electricity meters under the Meter Asset Provider programme. The electricity distribution company announced the development during …

KEY POINTS QatarEnergy has warned that the ongoing crisis around the Strait of Hormuz could delay some of its major expansion projects, as critical equipment needed for development work remains …

KEY POINTS South African electricity prices are on course to reach roughly 10 times their 2008 levels by the end of the 2026/27 financial year, far outpacing the country’s inflation …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC Ltd, has begun rolling out a technology-driven approach to fuel retailing with the commissioning of its first Smart Self-Service Station in …