KEY POINTS Libya’s National Oil Corporation, NOC, has signed a strategic memorandum of understanding (MoU) with Hungary’s MOL Group to explore new areas of cooperation in the oil and gas …
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In the News
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KEY POINTS ExxonMobil has reported a decline in its fourth-quarter earnings, blaming weaker crude oil prices for offsetting gains recorded from higher production volumes. The US energy giant posted profits …
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In the NewsOil & Gas
NNPC Unveils Gas Master Plan 2026 to Drive Industrialisation and Energy Security
KEY POINTS The Nigerian National Petroleum Company Limited, NNPC Ltd, has launched its Gas Master Plan 2026 (NGMP 2026), a new roadmap aimed at repositioning Nigeria’s gas industry as a …
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In the News
The £2 Million Question: What Really Happened at Harrods? How the Diezani Alison-Madueke Trial Became a Masterclass in Narrative Inflation
Behind the scandal, a story of exaggeration, gendered framing, and a trial judged by headlines before evidence in court rooms.
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KEY POINTS Aradel Holdings Plc, the Nigerian energy group led by Chief Executive Officer Adegbite Falade, has secured a $250 million financing facility from South Africa’s Standard Bank Group to …
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In the NewsMarketsOil & Gas
TotalEnergies Restarts Construction on $20bn Mozambique LNG Project After Five-Year Pause
KEY POINTS TotalEnergies has formally restarted construction of its $20 billion Mozambique LNG project, bringing to an end a nearly five-year suspension of one of Africa’s largest energy investments. Work …
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KEY POINTS Aba Power, Nigeria’s newest electricity distribution company, has resumed full electricity supply to customers following the restoration of gas supply to its embedded power generation partner, Geometric Power …
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KEY POINTS The First Lady of Nigeria, Senator Oluremi Tinubu, has donated 50 compressed natural gas, CNG, buses to Obafemi Awolowo University (OAU), Ile-Ife, Osun State, as part of efforts …
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KEY POINTS The Federal Government has reduced entry costs for Nigeria’s latest oil licensing round as part of efforts to deepen transparency, stimulate production, and draw fresh investment into the …
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In the NewsMarketsOil & Gas
Nigerian Crude Approaches $70 as Fears of Possible US Strike on Iran Push Oil Prices Higher
KEY POINTS Crude oil prices climbed sharply on Thursday, extending gains for a third consecutive session, as growing fears of a potential US military strike on Iran heightened concerns about …