KEY POINTS Global oil prices rose by more than 1% on Thursday, recovering from earlier losses as traders grew increasingly doubtful that ongoing diplomatic efforts between the United States and …
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KEY POINTS African energy stakeholders are mobilising an estimated $120 billion to construct six large-scale refineries comparable to the Dangote Petroleum Refinery, in a bold move to shield the continent …
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KEY POINTS The Nigerian Senate, through its Public Accounts Committee (PAC), has issued a firm directive to the Nigerian National Petroleum Company Limited, NNPCL, to account for N210 trillion flagged …
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In the News
Chevron, Rhino Intensify Offshore Namibia Exploration with New Orange Basin Drilling Plans
KEY POINTS Chevron is advancing its offshore Namibia strategy with plans to drill a new exploration well in Petroleum Exploration Licence (PEL) 90. The move follows the company’s earlier attempt …
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KEY POINTS Seplat Energy Plc has made history on the Nigerian Exchange (NGX), becoming the first listed company to record a five-digit share price after closing at N10,450 per share. …
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In the NewsOil & Gas
Algeria Awards BP New Exploration Rights in Eastern Basin to Unlock Energy Potential
KEY POINTS Algeria has granted BP Plc a new prospecting authorisation in its eastern basin, as the country intensifies efforts to expand hydrocarbon exploration and attract international investment. The approval, …
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In the NewsMarketsOil & Gas
Shell in Advanced Talks to Sell South African Fuel Stations to ADNOC in $1bn Deal
KEY POINTS Shell Plc is in advanced discussions with Abu Dhabi National Oil Company, ADNOC, over the potential sale of its retail fuel network in South Africa, in a deal …
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KEY POINTS Botswana has signed a series of agreements with Oman aimed at strengthening economic ties and reducing its dependence on diamond mining. The deals were finalised during President Duma …
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In the NewsMarketsOil & Gas
ExxonMobil Faces Output Pressure as Middle East Tensions Disrupt Key Production Hubs
KEY POINTS ExxonMobil is bracing for a noticeable decline in its oil and gas output as escalating tensions in the Middle East continue to disrupt operations across the region. The …
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Energy TransitionIn the News
NERC Tightens Grip on Power Grid with New Rules to Cut Transmission Losses
KEY POINTS Nigeria’s power sector regulator, the Nigerian Electricity Regulatory Commission, NERC, has rolled out fresh guidelines aimed at improving transparency and reducing electricity transmission losses across the country’s grid. …