In the News

KEY POINTS Eskom has warned South Africans to brace for further electricity price increases, saying that long-standing discounts given to big industrial users are shifting the burden of rising costs …

KEY POINTS Nigeria’s crude oil output fell again in October, adding to production setbacks in Libya and Venezuela that weakened the Organisation of the Petroleum Exporting Countries and its allies, …

KEY POINTS The Delta State House of Assembly has granted approval for a new N18.1 billion bank guarantee in favour of Bastanchury Power Solutions Nigeria Limited, the developer of the …

KEY POINTS Libya’s National Oil Corporation has announced a fresh oil discovery in the Ghadames Basin, reigniting optimism over the country’s energy potential after years of production instability. The new …

KEY POINTS Nigeria’s state-owned oil company is setting its sights on greater control over the country’s refining future. The Nigerian National Petroleum Company, NNPC, Limited has announced plans to raise …

KEY POINTS A robot designed to inspect South Africa’s powerlines has earned Eskom international recognition, after being patented in both South Africa and the United States. The Powerline Inspection Robot, …

KEY POINTS Austrian energy company OMV has announced a major oil and gas discovery in Libya’s Sirte Basin, marking one of the country’s most promising exploration successes in recent years. …

KEY POINTS In a landmark move to bolster the United Arab Emirates’ status as a global energy hub, AD Ports Group and Nimex Terminals have signed two long-term agreements worth …

KEY POINTS Across Nigeria, a fresh crop of young real estate entrepreneurs is reshaping how wealth is built and stored. Once dominated by oil, import licences and government patronage, the …

KEY POINTS Crude oil prices remained broadly unchanged on Monday even after OPEC+ announced plans to slow its production growth, with traders balancing concerns over a potential surplus against fresh …