In the News

The White House is weighing looser rules on tax-exempt red-dyed diesel, a possible alternative to an export ban as prices climb past $6 a gallon.

KEY POINTS South Africa’s state-owned electricity utility, Eskom, has sharply reduced its reliance on expensive diesel generators as the country’s electricity supply system continues to improve. Eskom spent R1.16 billion …

KEY POINTS The Nigerian National Petroleum Company Limited has welcomed the $800 million Final Investment Decision for the Ima Gas Project, describing the development as evidence that Nigeria’s upstream gas …

KEY POINTS MRS filling stations have reduced their petrol pump price in Abuja, cutting the cost of Premium Motor Spirit from N1,395 to N1,370 per litre. The N25 per litre …

KEY POINTS A Federal High Court in Abuja has ordered the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, to continue granting petroleum products import licences to Matrix Energy, AA …

KEY POINTS South Africa’s Minister of Electricity and Energy, Kgosientsho Ramokgopa, has extended the tenure or Mteto Nyati as chair of Eskom’s board by another three years, providing continuity at …

KEY POINTS Several oil-bearing communities across six Niger Delta states have renewed demands for alleged outstanding land acquisition fees and rental payments from Renaissance Africa Energy Company Ltd, formerly Shell …

Nigeria’s Rural Electrification Agency has inaugurated a 581kWp solar mini-grid in Kwara’s Oke-Oyi community, powering about 13,000 residents and spurring new businesses.

TotalEnergies and AMNI have taken a final investment decision on Nigeria’s $800m Ima Gas Project, unlocking a 1973 offshore discovery left undeveloped for 50 years.

KEY POINTS Nigeria’s average daily petrol imports fell sharply in August as domestic supplies increased, according to the latest data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA. …