Oil rose more than 2% on Thursday as US-Iran talks showed little sign of progress, with Brent near $105.51 and traders eyeing a US diesel export ban.
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Capricorn Energy has raised its full-year production outlook on strong Egyptian output, as a bidding war between DNO and Genel for the producer rumbles on.
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KEY POINTS The Nigeria Security and Civil Defence Corps, NSCDC, has arrested three men accused of vandalising an NNPC petroleum pipeline in Dafa, Kwali Area Council of the Federal Capital …
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KEY POINTS Dutch company Energy Ventures B.V. has begun plans to convert gas currently being flared in Rivers State into electricity and Liquefied Petroleum Gas, potentially turning a long-standing environmental …
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KEY POINTS Nigerian gas company Greenville LNG is facing administrative delays in Cameroon as it prepares to begin supplying gas to its first customers in the country. Equipment imported by …
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KEY POINTS The Petroleum Products Retail Outlets Association of Nigeria, PETROAN, has directed its members across the country to immediately inspect their fuel dispensing meters following concerns raised by the …
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Trump says he backs a US diesel export ban as record fuel prices bite ahead of the midterms, though his energy officials warn it could backfire.
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Portugal says its return to power and gas grid operator REN will not affect China State Grid’s 25% stake, which Lisbon wants to remain a shareholder.
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KEY POINTS Libya’s National Oil Corporation says production at the Al-Charara oil field has declined after an armed group shut a pipeline valve, disrupting crude flows to the Zawiya terminal. …
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KEY POINTS Municipal debt owed to Eskom could surge to R358 billion by 2031 if urgent measures are not taken to address persistent payment failures, Electricity and Energy Minister Kgosientsho …