featured

KEY POINTS The Nigerian Electricity Regulatory Commission (NERC) has approved ₦30 billion for the third phase of the Meter Acquisition Fund (MAF), aimed at providing free electricity meters to unmetered …

KEY POINTS Italian energy company Eni has pledged to invest approximately £11 billion in the United Kingdom between 2026 and 2030, with about two-thirds of the funding expected to go …

KEY POINTS Marketers operating under Dangote Refinery’s consortium have reduced their petrol gantry price by ₦25 to ₦1,215 per litre, marking another adjustment in Nigeria’s downstream petroleum market. The new …

KEY POINTS Oil prices recovered on Thursday after falling by more than $1 a barrel during early Asian trading, as persistent geopolitical tensions in the Middle East offset concerns about …

KEY POINTS US energy company Chevron has agreed to transfer a 25% non-operated interest in an offshore oil exploration licence in Namibia to QatarEnergy, expanding the Middle Eastern company’s participation …

KEY POINTS Libya’s state-owned National Oil Corporation (NOC) has held discussions with an international consortium led by Spain’s Repsol, Turkey’s TPAO and Hungary’s MOL over plans to begin oil exploration …

KEY POINTS Nigeria’s upstream oil regulator has approved 145 new well-drilling operations, 595 well re-entries and 39 field development plans so far in 2026 as the country steps up efforts …

KEY POINTS South Africa’s state-owned power utility, Eskom, has announced that Unit 2 of the Koeberg Nuclear Power Station in Cape Town has successfully passed a major containment leak test, …

KEY POINTS Electricity customers in parts of Delta State will experience a six-hour power outage on Wednesday, November 11, as the Transmission Company of Nigeria (TCN) carries out scheduled maintenance …

KEY POINTS American oil major ExxonMobil has signed a memorandum of understanding (MoU) with Venezuela’s state-owned oil company, Petróleos de Venezuela (PDVSA), to assess potential investment opportunities in the country’s …