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Markets

  • Markets

    South Africa Joins Elite Club of Helium Producers with Mahlako Gas Energy’s Investment in Tetra4

    by Motoni Olodun February 7, 2024
    by Motoni Olodun February 7, 2024

    South Africa has become one of the few countries in the world to produce its liquid helium, thanks to a strategic partnership between Mahlako Gas Energy (MGE) and Renergen. MGE, …

  • Energy TransitionIn the NewsMarkets

    Global Petroleum’s New ‘Dan and Cecilia’ Team Sparks Energy Evolution

    by Ikeoluwa Juliana Ogungbangbe February 5, 2024
    by Ikeoluwa Juliana Ogungbangbe February 5, 2024

    Global Petroleum set sights on a £200-250 million market capitalization in 10 years with a focus on Africa opportunities, under the ‘Dan and Cecilia’ team.

  • Markets

    Shell’s Exit from Nigeria: A $2.4 Billion Deal in the Making

    by Motoni Olodun February 2, 2024
    by Motoni Olodun February 2, 2024

    Shell, one of the world’s largest energy companies, is close to finalizing the sale of its Nigerian onshore subsidiary, SPDC, to a local consortium for $2.4 billion. The deal, which …

  • In the NewsMarkets

    South Africa’s Absa PMI Plunged to 43.6 in January

    by Ikeoluwa Juliana Ogungbangbe February 2, 2024
    by Ikeoluwa Juliana Ogungbangbe February 2, 2024

    South Africa’s Absa Purchasing Managers’ Index (PMI) takes a nosedive in January, pointing to significant challenges ahead for the nation’s economy.

  • In the NewsMarkets

    Investec Forecasts South Africa M&A Rebirth

    by Ikeoluwa Juliana Ogungbangbe February 1, 2024
    by Ikeoluwa Juliana Ogungbangbe February 1, 2024

    Investec foresees a resurgence in South African mergers and acquisitions (M&A) as confidence returns, driven by improving economic indicators.

  • MarketsOil & Gas

    How Russia’s Cheap Crude Oil Is Fueling Asia and Africa’s Energy Demand

    by Motoni Olodun January 25, 2024
    by Motoni Olodun January 25, 2024

    Since the European Union imposed sanctions on Russia’s energy exports in 2022, following its invasion of Ukraine, Moscow has been looking for new markets to sell its oil. And it …

  • In the NewsMarkets

    Nigeria to Sell Five Power Plants for $1 Billion Amid Energy Crisis

    by Motoni Olodun January 25, 2024
    by Motoni Olodun January 25, 2024

    Nigeria’s government is planning to sell five power plants under the National Integrated Power Projects (NIPP) for about $1 billion, according to a report by BusinessDay. The move is part …

  • Energy TransitionIn the NewsMarkets

    Dangote Refinery Enhances Product Distribution with Key Partnerships

    by Oluwatosin Racheal Alabi January 23, 2024
    by Oluwatosin Racheal Alabi January 23, 2024

    Dangote Refinery embarks on a major initiative, registering key associations for efficient nationwide distribution of refined petroleum products, reshaping Nigeria’s oil sector.

  • Markets

    Global LNG Shortage to Persist Until 2026, Gas Exporters Warn

    by Motoni Olodun January 23, 2024
    by Motoni Olodun January 23, 2024

    The global market for liquefied natural gas (LNG) is expected to remain tight until 2026, as demand outstrips supply amid the transition to cleaner energy sources, according to the Gas …

  • In the NewsMarkets

    BP’s West African LNG Project Faces Scrutiny Amid Delays

    by Motoni Olodun January 21, 2024
    by Motoni Olodun January 21, 2024

    BP and its partners are facing increased scrutiny from the governments of Mauritania and Senegal over their flagship liquefied natural gas (LNG) project in West Africa. The Greater Tortue Ahmeyim …

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Nigeria’s Oil Boom: Record Production in September 2023

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Egypt Strikes Deal With bp to Drill Five New...
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