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Markets

  • AnalysisMarkets

    Conoil Plc Focuses on Dividend Strategy Amidst Geopolitical Challenges

    by Oluwatosin Racheal Alabi October 3, 2023
    by Oluwatosin Racheal Alabi October 3, 2023

    Despite the volatile geopolitical and socio-economic landscape, Conoil Plc has made a commitment to prioritize strategies that ensure sustained dividend payment for its shareholders. Dr. Mike Adenuga, Chairman of Conoil …

  • Markets

    Nigeria and Iran Lead OPEC’s Oil Output Surge in September 

    by Motoni Olodun October 3, 2023
    by Motoni Olodun October 3, 2023

    According to a Reuters survey, Nigeria and Iran boosted their oil production in September, leading to a second consecutive monthly increase in OPEC’s output. The rise comes despite the ongoing …

  • Markets

    Petronas Buys 40% of Angola’s Block 20 from TotalEnergies

    by Victor Adetimilehin October 1, 2023
    by Victor Adetimilehin October 1, 2023

    Petronas, the Malaysian state-owned oil and gas company, has acquired a 40% stake in Block 20 in Angola’s Kwanza Basin from TotalEnergies, the French energy giant. The deal, which was …

  • AnalysisMarkets

    Unlocking Guinea-Conakry’s Hydrocarbon Potential

    by Oluwatosin Racheal Alabi October 1, 2023
    by Oluwatosin Racheal Alabi October 1, 2023

    In the era of dynamic leadership under President Colonel Mamadi Doumbouya, Guinea-Conakry is on an ambitious journey to develop its oil and gas sector. Spearheaded by the National Oil Company …

  • Markets

    Savannah Energy Faces Hurdles in South Sudan Oil Deal

    by Motoni Olodun September 30, 2023
    by Motoni Olodun September 30, 2023

    Savannah Energy, a British independent energy company, is facing challenges in its bid to acquire oil and gas assets in South Sudan from Malaysia’s state-owned Petronas. The deal, worth up …

  • Markets

    Shell-Backed Solar Plant Challenges China’s Market Share

    by Motoni Olodun September 29, 2023
    by Motoni Olodun September 29, 2023

    Nigeria, a country with abundant oil and gas resources, is facing a chronic power crisis that affects millions of its citizens. The national grid is unreliable and insufficient, forcing many …

  • Energy TransitionGovernmentMarkets

    Kenya Embarks on Ambitious Digital Substation Project

    by Oluwatosin Racheal Alabi September 29, 2023
    by Oluwatosin Racheal Alabi September 29, 2023

    The Kenya Electricity Transmission Company Ltd (KETRACO) is gearing up for a groundbreaking initiative in the nation’s power transmission domain. The entity has recently secured funding from Agence Française de …

  • GovernmentMarkets

    South Africa Advocates for Intercontinental Cooperation on Energy Decarbonisation

    by Oluwatosin Racheal Alabi September 29, 2023
    by Oluwatosin Racheal Alabi September 29, 2023

    South African Minister for Electricity, Dr. Kgosientsho Ramokgopa, underscored the significance of inter-African collaboration in advancing decarbonisation and fortifying energy security across the continent. Speaking at the UNESCO 9th Africa …

  • In the NewsMarketsOil & Gas

    Shell Revitalizes Offshore Gas Operations in Mauritania

    by Oluwatosin Racheal Alabi September 28, 2023
    by Oluwatosin Racheal Alabi September 28, 2023

    Shell, a global energy leader, is set to revamp its offshore gas drilling in Mauritania. The highlight of this venture is the forthcoming Panna Cotta-1 wildcat well, which will be …

  • In the NewsMarkets

    Algeria Expands Gas Exports to Europe Amid Rising Demand

    by Oluwatosin Racheal Alabi September 27, 2023
    by Oluwatosin Racheal Alabi September 27, 2023

    As the European energy landscape evolves, Algeria is emerging as a dominant force in the gas export arena. Harnessing its vast 159 trillion cubic feet of natural gas reserves, the …

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