In the News

KEY POINTS Microsoft, Chevron and investment firm Engine No. 1 have entered into an exclusivity agreement to develop power generation and supply projects, as technology companies scramble to secure electricity …

KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has called on the World Bank to support efforts to mobilise about $22 billion to bridge Nigeria’s gas infrastructure …

KEY POINTS AGOCO has resumed production at its stalled Nafoura well, now yielding 1,200 barrels per day (bpd). Chairman Mohamed Ben Shatwan revealed that the company is pursuing modern U.S. …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has raised crude oil allocations to the Dangote Petroleum Refinery and Petrochemicals, scheduling seven cargoes for May loading. This is an …

Afreximbank has underwritten $2.5 billion of a $4 billion syndicated loan for Dangote Refinery, the largest single commitment in the deal.

Oil prices climbed over 1% as Middle East tensions and supply disruption fears kept global markets on edge, with Brent crude topping $105 a barrel.

Rising energy costs in Egypt are forcing Cairo nightlife venues to close earlier, disrupting businesses, reducing revenue, and reshaping the city’s vibrant after-dark social scene.

South Africa will cut its fuel levy for one month to ease rising pump prices, offering temporary relief to consumers amid increasing global energy costs.

KEY POINTS Production at Libya’s Sharara oilfield is expected to return to normal levels within the next 48 hours, according to two field engineers familiar with operations at the site. …

KEY POINTS Nigeria’s oil and gas industry recorded a notable rise in capital inflows in 2025, attracting $17.98 million compared to $5.12 million in 2024, according to the latest capital …