KEY POINTS Aliko Dangote has ruled out acquiring any of Nigeria’s ailing state-owned refineries, saying he would rather expand his privately-owned Dangote Refinery than be accused of monopolising the nation’s …
In the News
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KEY POINTS Libya’s National Oil Corporation, NOC, has announced a fresh oil discovery in the Sirte Basin made by Austria’s OMV, signalling renewed momentum in the country’s upstream sector amid …
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Energy TransitionIn the News
Eskom Begins Smart Meter Rollout in KwaZulu-Natal to Curb Load Reduction and Modernise Grid
KEY POINTS Eskom has begun installing smart meters across KwaZulu-Natal as part of a nationwide drive to overhaul South Africa’s ageing electricity infrastructure and address persistent load reduction. The initiative …
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KEY POINTS Nigerian crude prices held firm on Wednesday as data showed that US oil and fuel inventories dropped more than expected, offering a fresh spark to global oil markets. …
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KEY POINTS Nigeria’s push toward clean energy is facing an uphill battle as the price of cooking gas continues to surge nationwide. What was once a cheaper and healthier alternative …
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In the NewsMarketsOil & Gas
Nigeria Loses N57 Billion to PENGASSAN Strike as Oil Output Falls by 200,000 Barrels Daily
KEY POINTS Nigeria’s economy has taken another hit as the recent nationwide strike by senior oil workers, PENGASSAN, caused massive disruptions in crude oil production, gas supply, and electricity generation. …
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Energy TransitionIn the News
Nigeria Secures N700 Billion to Install 1.1 Million Electricity Meters by 2025
KEY POINTS The Federal Government has secured about N700 billion from the Federation Account Allocation Committee (FAAC) to fund the installation of 1.1 million electricity meters nationwide by December 2025, …
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KEY POINTS Nestoil Group has insisted that its operations across Nigeria remain unaffected despite the recent sealing of its Lagos head office by security operatives acting on a court order. …
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In the NewsOil & Gas
Eni and Egypt Partner on Carbon Offset Biogas Project to Tackle Waste and Emissions
KEY POINTS Eni signs agreement with Egypt’s Bioenergy Association to explore large-scale biogas production. The project will convert agricultural and animal waste into renewable energy and organic fertilisers. The initiative …
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Energy TransitionIn the News
Eskom Simplifies Solar Registration to Boost Rooftop Clean Energy Uptake
KEY POINTS The South African state-owned utility Eskom has announced a streamlined process for homeowners and small businesses to register their small-scale embedded generation (SSEG) systems, such as rooftop solar …