KEY POINTS Nigeria’s public finances came under renewed strain in November as weaker oil inflows pulled down total revenue shared by the three tiers of government, offsetting gains from the …
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KEY POINTS Norwegian oil and gas producer DNO has struck new oil offtake agreements with subsidiaries of Shell and ExxonMobil, securing long-term buyers for its North Sea output and unlocking …
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KEY POINTS Shell’s long-serving mergers chief Greg Gut resigned after senior executives opposed an internal push to acquire BP, according to a report by the Financial Times, shedding new light …
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KEY POINTS Africa’s richest man, Aliko Dangote, has formally petitioned Nigeria’s Independent Corrupt Practices and Other Related Offences Commission, accusing the head of the Nigerian Midstream and Downstream Petroleum Regulatory …
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Energy TransitionIn the News
Nigeria’s Senate Confirms Two Power Regulators as Tinubu Pushes Broader Diplomatic Appointments
KEY POINTS Nigeria’s Senate has confirmed two commissioners for the electricity regulator, NERC, reinforcing oversight at a time of continued reform in the power sector, while also approving a first …
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In the NewsOil & Gas
SERAP Urges Anti-Graft Agencies to Probe NMDPRA Leadership After Dangote Allegations
KEY POINTS The Socio-Economic Rights and Accountability Project has called on Nigeria’s leading anti-corruption bodies to urgently investigate allegations of wrongdoing within the Nigerian Midstream and Downstream Petroleum Regulatory Authority, …
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In the NewsOil & Gas
Dangote Says Port Harcourt Refinery Suffered Over 100 Sabotage Attacks During Repairs
KEY POINTS Dangote has alleged that Nigeria’s troubled refining and pipeline infrastructure has been deliberately sabotaged over the years, citing claims that the Port Harcourt Refinery was attacked more than …
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Energy TransitionIn the News
Nigeria’s N4 Trillion Power Bonds Stir Fears of Risky Debt Swap to Fix Broken Electricity Market
KEY POINTS The Federal Government’s plan to issue as much as N4 trillion in sovereign-backed bonds to clear long-standing debts in the power sector is reviving an old debate about …
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Energy TransitionIn the News
Eskom Taps Enerweb to Build Virtual Wheeling Platform as Trading Rules Lag Behind
KEY POINTS Eskom has quietly taken a decisive step toward reshaping South Africa’s electricity market, awarding a contract to Johannesburg-based Enerweb to develop a digital platform that will underpin its …
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KEY POINTS Britain’s accounting regulator has launched an investigation into Ernst and Young’s, EY, audit of Shell’s 2024 financial statements, escalating scrutiny of compliance failures linked to mandatory partner rotation …