In the News

KEY POINTS British energy giant Shell has signed a major agreement with Venezuela to advance the development of the Loran offshore natural gas field, which holds an estimated seven trillion …

KEY POINTS Conoil Plc recorded a remarkable financial performance in the first quarter of 2026, with profit after tax rising sharply to N3.90 billion, reflecting a twelve-fold increase compared to …

Liberia’s electricity regulator and the University of Liberia have signed an agreement to build the country’s first energy auditing curriculum for the sector.

Nigeria’s Atomic Energy Commission says the country needs nuclear power and long-term energy strategy to compete in the global AI and technology revolution.

Aliko Dangote has secured a $600 million loan from the Africa Finance Corporation to expand fertiliser production and generate $4 billion in annual export earnings.

Chevron says Cyprus is a natural fit for the East Mediterranean’s energy future as the Aphrodite gas field moves closer to a final investment decision.

KEY POINTS Global crude oil prices fell sharply on Monday, dropping to about $82 per barrel after the United States, Israel, and Iran reportedly reached an agreement to end months …

KEY POINTS Dangote Petroleum Refinery has announced a reduction in its petrol gantry price to ₦1,175 per litre, marking a fresh adjustment in Nigeria’s downstream petroleum market. The development represents …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has launched an early retirement programme that has reportedly attracted strong participation, with officials revealing that more than 70 per cent …

KEY POINTS The Glencore-Merafe Chrome Venture has suspended planned layoffs after South Africa’s energy regulator approved a reduced electricity tariff of 62 cents per kilowatt-hour for the ferrochrome industry, offering …