Markets

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 …

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

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

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 …

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 …

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

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 …

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 …

Energean, a prominent independent gas producer, has released impressive results, maintaining its trajectory towards achieving a daily production goal of 200,000 barrels of oil equivalent (boepd) despite geopolitical tensions. CEO …

At the Libyan Energy and Economy Summit in Tripoli, Türkiye underscored its commitment to strengthening cooperation with Libya, particularly in the oil and gas sectors, signaling a robust partnership in …