KEY POINTS Chevron has confirmed plans to join Nigeria’s upcoming oil licensing auction and is preparing to bring a new drilling rig into the country by late 2026, signalling a …
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In the News
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In the NewsOil & Gas
Sudan’s Oil Industry Near Collapse as Expanding War with RSF Cuts Deep Into Production
KEY POINTS Sudan’s once-critical oil sector is edging closer to outright breakdown as the conflict between the army and the Rapid Support Forces, RSF, continues to engulf vital energy hubs …
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Energy TransitionIn the News
Eskom Delivers Strong Interim Profit as Operational Stability Starts to Take Hold
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 …
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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 …
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KEY POINTS Shell has withdrawn from the proposed multibillion-dollar Argentina LNG project, stepping back barely a year after it entered a project development agreement with YPF, the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 …
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In the NewsOil & Gas
ExxonMobil Begins Phased Shutdown of Ageing Jurong Cracker as Petrochemical Glut Deepens
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 …
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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 …
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In the NewsMarketsOil & Gas
Oil Holds Steady as Ukraine Targets Russian Pipeline and Peace Talks Falter
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 …
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Energy TransitionIn the News
NERC Warns DisCos as Regulator Moves to Withhold Operational Funds over Meter Refund Failures
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 …
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In the NewsOil & Gas
NNPC Faces Fresh Scrutiny as Auditor Queries £14 Million Spent on London Office
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 …