Markets

Embracing a Sustainable FutureHeirs Holdings Oil & Gas Limited, a key player in Africa’s energy scene, has rebranded to Heirs Energies Limited, a strategic move signaling its commitment to innovative …

Nigeria, Africa’s largest oil producer, struggles to keep its petrol prices affordable amid rising global crude oil prices and depreciating naira. But another factor is adding to the cost of …

Oil prices surged on Thursday, reaching their highest levels since 2014, as the US imposed sanctions on two shipping companies for violating a price cap on Russian crude exports. The …

The Shell Petroleum Development Company (SPDC) confirmed an October 3 oil spill at its Peremabiri flow station in Bayelsa State. This leakage has extensively damaged numerous farmlands and the marine …

Uganda has suspended all operations at the Kingfisher oilfield, a major project run by the Chinese state-owned CNOOC, following a fatal accident on October 6. The Petroleum Authority of Uganda …

Africa’s Battery Energy Storage Systems (BESS) market, despite its vast potential, remains largely untapped, necessitating a more strategic approach. While global projections indicate substantial growth in the Battery Energy Storage …

Germany and Namibia recently negotiated on green hydrogen production. Their goal? To help both Germany and Europe meet their climate targets and to set Namibia on a decarbonization path. These …

The OPEC+ group of oil-producing countries has decided to maintain its current output reduction strategy until the end of the year despite the global market rout that has sent oil …

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 …

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 …