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  • In the News

    Major Investment Trends and Future Opportunities

    by Adedotun Oyeniyi November 4, 2024
    by Adedotun Oyeniyi November 4, 2024

    Renewable energy investment is increasing in Africa, supported by rising demand, climate commitments, and technological advancements

  • In the News

    Canada Set to Unveil Emissions Cap for Oil and Gas Sector

    by Adenike Adeodun November 4, 2024
    by Adenike Adeodun November 4, 2024

    Canada is preparing to announce its long-awaited emissions cap for the oil and gas sector, aiming to cut greenhouse gas emissions by up to 38 percent by 2030, while addressing …

  • In the News

    Exxon, Chevron Outperform Q3 Profit Forecasts as U.S. Oil Hits Record

    by Adenike Adeodun November 3, 2024
    by Adenike Adeodun November 3, 2024

    Exxon and Chevron beat third-quarter profit expectations, fueled by record U.S. oil output. With focused expansion in oil and gas, both firms outshone European rivals betting on renewables, setting new …

  • In the News

    Canadian Natural Scales Back Gas Drilling Amid Price Slump

    by Adenike Adeodun November 1, 2024
    by Adenike Adeodun November 1, 2024

    Canadian Natural Resources cuts back on natural gas drilling in response to weak prices, focusing instead on oil sands production and recent acquisitions to reinforce its asset base.

  • In the News

    UK Raises North Sea Windfall Tax to Fund Renewables

    by Adenike Adeodun October 31, 2024
    by Adenike Adeodun October 31, 2024

    The UK government has raised the North Sea windfall tax to 38 percent, extending the levy to March 2030 to support renewable energy projects, drawing both investor optimism and industry …

  • In the News

    BP Profits Plunge Amid Low Oil Demand, Refining Weakness

    by Adenike Adeodun October 30, 2024
    by Adenike Adeodun October 30, 2024

    BP’s third-quarter profits hit a four-year low at $2.3 billion, as declining oil demand and weak refining margins weigh on the energy giant. Rising debt levels and a strategic pivot …

  • In the News

    Africa’s Role in Global Lithium Supply Chains

    by Adenike Adeodun October 29, 2024
    by Adenike Adeodun October 29, 2024

    Africa’s abundant lithium reserves are essential to the global clean energy transition, with investment focused on processing and overcoming infrastructure gaps.

  • In the News

    South Korea Eyes Additional Oil Tax Cut Amid Price Risks  

    by Adenike Adeodun October 28, 2024
    by Adenike Adeodun October 28, 2024

    South Korea considers further oil tax cuts as global oil markets face potential disruptions from Middle East tensions.

  • In the NewsOil & Gas

    Nigerian Energy Mogul Aisha Achimugu, Global Petroleum Group Launch $8 Billion Offshore Oil Project in Grenada

    by Oluwatosin Racheal Alabi October 26, 2024
    by Oluwatosin Racheal Alabi October 26, 2024

    Key Points Aisha Achimugu, CEO of Oceangate Oil and Gas Engineering, has partnered with Global Petroleum Group to develop offshore oil and gas resources near Grenada, with the project valued …

  • In the News

    Top 5 Hydropower Projects in Africa and Their Regional Impact

    by Adenike Adeodun October 26, 2024
    by Adenike Adeodun October 26, 2024

    Explore Africa’s leading hydropower projects, from Ethiopia’s Grand Renaissance Dam to Tanzania’s Julius Nyerere Dam, and how they drive sustainable growth.

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Nigeria’s Oil Boom: Record Production in September 2023

Dangote Refinery IPO Draws Strong Interest from Nigerians
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Latest Stories

Dangote Refinery IPO Draws Strong Interest from Nigerians
Atiku Seeks Details of N11.2trn NNPC Receivables
ExxonMobil Targets More Value from Nigeria’s Deepwater Assets

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