KEY POINTS South Africa’s energy regulator has approved a reduction in the maximum price Sasol Gas may charge its customers, trimming the cap by 6 percent for the third quarter …
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In the NewsOil & Gas
Nigeria’s Fuel Supply Shifts as Imports from Malta Collapse on Rising Dangote Output
Nigeria’s petroleum import patterns are undergoing one of their sharpest changes in years, after new data revealed a steep fall in shipments from Malta as domestic refining gradually displaces foreign …
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Energy TransitionIn the News
Egypt and Eni Deepen Energy Cooperation as Sisi Reviews New Investment Plans
KEY POINTS Egypt’s President Abdel Fattah el-Sisi has held fresh talks with Claudio Descalzi, the chief executive of Eni, in Cairo, as the Italian energy group sets in motion another …
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In the NewsMarketsOil & Gas
NNPCL Posts Record N5.4 Trillion Profit as Revenue Surges on Weaker Naira
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 …