Nigeria secures $5.5 billion from IOC divestments, raising crude production by 200,000 barrels daily and strengthening local participation
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In the News
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KEY POINTS The Republic of Congo is preparing to enact a new gas code this month in a bid to cement its transition from an oil-dependent economy to one anchored …
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KEY POINTS Fuel queues have returned to Nigeria’s biggest cities, Lagos and Abuja, ending months of relative stability in the country’s volatile downstream market. Motorists spent hours searching for petrol …
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KEY POINTS South Africa’s troubled but indispensable coal fleet has reached a new milestone. Eskom Holdings SOC Ltd. said Thursday it had commissioned the sixth and final unit of the …
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In the NewsOil & Gas
TotalEnergies Brings New Partner Into Denmark’s Flagship CO₂ Storage Project
KEY POINTS TotalEnergies SE is drawing a new partner into Denmark’s most ambitious carbon capture and storage (CCS) project, a step that underscores how Europe’s aging offshore oil and gas …
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TotalEnergies is selling non-operated Norwegian oil assets to VÃ¥r Energi and Orlen while keeping a long-term presence in the Greater Ekofisk Area
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The EU will halve steel import quotas and lift tariffs to 50 percent, moving in step with U.S. and Canadian trade measures
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In the NewsOil & Gas
Nigeria Boosts Dangote Refinery Crude Supply to Shield Economy as Oil Prices Soften
KEY POINTS Nigeria is leaning more heavily on its massive Dangote Refinery to buffer the economy from sliding oil prices and mounting supply in global markets, extending crude supply commitments …
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KEY POINTS Nigeria’s most powerful oil union has agreed to call off a strike that threatened to upend fuel supply in West Africa, after government officials stepped in to mediate …
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KEY POINTS Italian oil and gas major Eni SpA is preparing to sign off on a long-awaited final investment decision (FID) for Mozambique’s Coral North liquefied natural gas project, setting …