KEY POINTS Shell Plc is in advanced discussions with Abu Dhabi National Oil Company, ADNOC, over the potential sale of its retail fuel network in South Africa, in a deal …
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KEY POINTS Botswana has signed a series of agreements with Oman aimed at strengthening economic ties and reducing its dependence on diamond mining. The deals were finalised during President Duma …
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In the NewsMarketsOil & Gas
ExxonMobil Faces Output Pressure as Middle East Tensions Disrupt Key Production Hubs
KEY POINTS ExxonMobil is bracing for a noticeable decline in its oil and gas output as escalating tensions in the Middle East continue to disrupt operations across the region. The …
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Energy TransitionIn the News
NERC Tightens Grip on Power Grid with New Rules to Cut Transmission Losses
KEY POINTS Nigeria’s power sector regulator, the Nigerian Electricity Regulatory Commission, NERC, has rolled out fresh guidelines aimed at improving transparency and reducing electricity transmission losses across the country’s grid. …
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KEY POINTS TotalEnergies has confirmed that one of the processing units at the SATORP refinery in Saudi Arabia was damaged during overnight incidents earlier in the week. The company said …
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In the NewsMarketsOil & Gas
Shell Flags Q1 Gas Output Decline, Liquidity Pressure Amid Middle East Tensions
KEY POINTS Shell plc has projected a decline in its first-quarter gas production alongside a significant short-term strain on liquidity, largely driven by disruptions linked to the ongoing tensions involving …
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In the NewsOil & Gas
Oil Prices Rise as Attacks on Saudi Facilities, Hormuz Disruptions Spark Supply Fears
KEY POINTS Oil prices climbed on Friday amid growing concerns over supply disruptions following attacks on energy facilities in Saudi Arabia and continued restrictions on shipping through the Strait of …
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Energy TransitionIn the News
Coega, Eskom Partner to Drive South Africa’s New Nuclear Build Programme
KEY POINTS State-owned Coega Development Corporation and power utility Eskom have signed a three-year strategic cooperation framework to support South Africa’s Nuclear New Build Programme (NNBP) and promote inclusive economic …
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KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, have outlined strategies to achieve Nigeria’s …
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KEY POINTS ExxonMobil is considering an $8 billion investment in Nigeria’s Owowo deepwater field, with a Final Investment Decision (FID) targeted by 2027, as the company renews its commitment to …