KEY POINTS The Nigerian National Petroleum Company Limited, NNPCL, has reported another year of sharp financial growth, declaring a profit after tax of N5.4 trillion for 2024, more than double …
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In the News
Dangote Refinery Plans Major Expansion with Honeywell Technology to Double Output by 2028
KEY POINTS Dangote Petroleum Refinery and Petrochemicals is preparing for a significant scale-up of operations after selecting Honeywell to supply a suite of advanced technologies, catalysts and processing equipment aimed …
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In the NewsMarketsOil & Gas
TotalEnergies Lifts Stake in Nigeria’s OPL 257 to 90% After Asset Swap with Conoil
KEY POINTS TotalEnergies has strengthened its position in Nigeria’s deepwater portfolio after reaching a new agreement with Conoil Producing Limited that shifts ownership across two offshore blocks. The French energy …
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Energy TransitionIn the News
Eskom Warns Global Demand for Transmission Lines May Push Up South Africa’s Grid-Upgrade Costs
KEY POINTS South Africa’s ambitious plan to overhaul its ageing national power grid is facing fresh financial pressure, with Eskom cautioning that rising global demand for transmission lines is likely …
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Energy TransitionIn the News
Eskom Moves to Expose Defaulting Municipalities as Unpaid Bills Threaten Grid Stability
KEY POINTS Eskom has begun preparing a public list of municipalities that owe the power utility billions of rand, a step it believes could stir long-delayed action over what has …
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Energy TransitionIn the News
Electricity Workers Threaten Walkout after Assault on Grid Operators in Imo
KEY POINTS Nigeria’s fragile power sector is bracing for another disruption as the National Union of Electricity Employees, NUEE, has warned it may withdraw its members from duty unless authorities …
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KEY POINTS Neconde Energy has turned to the Federal High Court in Abuja in an attempt to stop the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, from permitting a group of …
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KEY POINTS TotalEnergies is facing a fresh legal and reputational storm in France as a human rights group accuses the energy major of complicity in the torture and execution of …
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Energy TransitionIn the News
Nigeria’s Power Ambitions Falter as Lenders Warn Legacy DisCo Debts Are Scaring Off New Investors
KEY POINTS Nigeria’s push to expand grid-connected electricity projects is running into an old and persistent obstacle as lenders and sector executives warn that the deep debts carried by Distribution …
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KEY POINTS South Africa’s municipalities are warning that the country’s electricity system is drifting towards an unsustainable breaking point unless sweeping reforms are introduced at Eskom and the National Energy …