KEY POINTS The Court of Appeal in Lagos has stepped in to preserve the authority of a court-appointed receiver overseeing the assets of Nestoil Limited and its affiliate Neconde Energy, …
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In the News
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In the NewsOil & Gas
Libya Moves to Deepen Oil Exploration as Polish Firm PUNA Sets Out Fresh Drilling Plans
Libya’s National Oil Corporation, NOC, has begun a fresh review of exploration work in the Murzuq Basin, holding a detailed session with Poland’s PUNA Oil Company as the North African …
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Energy TransitionIn the News
Eskom Braces for Fierce Wage Battle as Unions Push for Double-Digit Pay Rises
KEY POINTS Eskom annual wage negotiations have taken a sharp turn, with labour unions representing the bulk of the utility’s workforce dismissing a proposed 3.5 percent salary increase and instead …
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In the NewsOil & Gas
Shell Presses Italy for New Well Approvals as It Seeks to Lift Domestic Oil and Gas Output
KEY POINTS Shell has signalled it is prepared to deepen its spending in Italy’s upstream sector, urging Rome to move ahead with long-pending approvals for fresh drilling that it says …
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In the NewsOil & Gas
BP and Eni Boost Angola’s Gas Ambitions with Early Start-Up of New Treatment Plant
KEY POINTS BP and Eni’s joint venture in Angola has brought a major gas processing plant into operation in Soyo, marking one of the country’s most significant steps yet in …
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KEY POINTS The Nigerian National Petroleum Company Limited, NNPCL, is confronting an increasingly heavy debt burden, with crude-backed loan obligations now estimated at N8.07tn. The figure, drawn from the company’s …
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In the NewsOil & Gas
Nigeria Faces Supply Gaps as Dangote Refinery Delivers Only Half Its Projected Petrol Output
KEY POINTS The Dangote Refinery supplied an average of just over 18 million litres of petrol a day between October 2024 and October 2025, well below the volumes previously touted …
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In the NewsMarketsOil & Gas
Nigeria’s Crude Output Slips as Maintenance Work Slows NNPC’s October Flows
KEY POINTS Nigeria’s crude oil production eased in October as facility maintenance across several offshore assets weighed on output, even as the state oil company posted a sharp rise in …
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Energy TransitionIn the NewsOil & Gas
Morocco’s Al Wahda Gas Plant Reaches Major Build Stage as Engineers Pour First Turbine Foundation
KEY POINTS Morocco has edged into a decisive phase in the construction of its largest gas-turbine power station, the Al Wahda plant, with engineers completing the concrete base for its …
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Energy TransitionIn the News
Ibadan’s Bodija Residents Urge Power Minister to Step In as Electricity Woes Deepen
KEY POINTS Residents of Bodija in Ibadan are pressing the Minister of Power for urgent intervention as the community’s electricity supply continues to deteriorate, leaving homes and businesses in prolonged …