In the News

KEY POINTS Oil prices gained on Monday as signs emerged that the prolonged US government shutdown could soon end, fuelling optimism about renewed demand from the world’s largest consumer of …

KEY POINTS The Eko Electricity Distribution Company, Eko DisCo, has reaffirmed that its prepaid meters remain entirely free, cautioning customers to avoid unauthorised agents demanding money for installations or registration. …

KEY POINTS Downer EDI Limited has signed a long-term maintenance and services deal with Chevron Australia that could be worth as much as $750 million over 15 years, marking a …

KEY POINTS Weeks after the Federal Government promised measures to curb the rising cost of cooking gas, Liquefied Petroleum Gas, LPG, remains expensive across Abuja, frustrating households and retailers alike. …

KEY POINTS Egypt has exported a new shipment of liquefied natural gas, LNG, to Greece on behalf of Shell, the Ministry of Petroleum and Mineral Resources confirmed on Saturday. According …

KEY POINTS Chevron confirmed this week it is nearing a final investment decision on the second phase of its 22 trillion cubic foot Leviathan gas field offshore Israel, a project …

KEY POINTS Sierra Leone is pushing to build on its recent offshore oil exploration breakthrough with Italian energy giant Eni, as the West African nation seeks to position itself as …

KEY POINTS The Abuja Electricity Distribution Company, AEDC, has laid off about 800 employees as part of a sweeping internal restructuring, marking one of the largest staff cuts in Nigeria’s …

KEY POINTS More than two-thirds of electricity consumers in Nigeria are bypassing their prepaid meters to use power without paying, a practice that is bleeding the already fragile electricity sector, …

KEY POINTS Halliburton has secured a major integrated drilling and completion services contract from Shell Nigeria Exploration and Production Company (SNEPCo), in collaboration with Sunlink Energies, to advance the development …