KEY POINTS Global crude oil prices fell sharply on Monday, dropping to about $82 per barrel after the United States, Israel, and Iran reportedly reached an agreement to end months …
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KEY POINTS Global oil prices plunged on Monday after the United States and Iran announced that they had reached an initial agreement aimed at ending their conflict and restoring maritime …
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In the NewsMarketsOil & Gas
Shell Suspends $3bn Share Buyback Ahead of $16.4bn ARC Resources Deal Vote
KEY POINTS British energy giant Shell has temporarily halted its $3 billion share buyback programme as it prepares for a crucial shareholder vote related to its proposed acquisition of Canadian …
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KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has stepped up collaboration with security agencies to combat rising cases of pipeline vandalism and protect critical oil and gas infrastructure …
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KEY POINTS Africa’s largest financial institution, Standard Bank Group, has pledged its support for the planned Initial Public Offering, IPO, of the Dangote Petroleum Refinery, signalling strong investor confidence in …
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In the NewsMarketsOil & Gas
Eskom Advances Load Reduction Elimination as Smart Meter Rollout Expands
KEY POINTS Eskom has reported major progress in its nationwide programme aimed at eliminating load reduction by 2027, with more than 700,000 households already removed from the system. According to …
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KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has reaffirmed its commitment to ending routine gas flaring by 2030 and reducing methane emissions by 60 per cent by 2035 …
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KEY POINTS The President of the State Oil Company of Azerbaijan Republic, SOCAR, Rovshan Najaf, held discussions with John Ardill, Vice President of ExxonMobil Corporation, on the sidelines of the …
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KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission,NUPRC, has assured stakeholders that Nigeria’s crude oil and gas production continues without disruption, despite an ongoing industrial action by workers under the …
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KEY POINTS US energy major Chevron Corporation is reportedly considering new upstream investment opportunities in Tanzania after expressing interest in oil and gas exploration during recent discussions with the country’s …