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KEY POINTS Oil prices drifted lower on Tuesday as traders stepped back to reassess the fragile mood around the Russia–Ukraine peace track, while fresh signals of rising stockpiles and wider …

KEY POINTS Eskom has set out a fresh timetable to scrap load reduction across the country by 2027, marking its most assertive attempt in years to stabilise a battered distribution …

KEY POINTS Namibia’s electricity outlook has brightened following Eskom decision to conclude firm power-supply agreements with both Namibia and Botswana, arrangements scheduled to take effect from 1 April 2025. The …

KEY POINTS The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has opened the country’s latest oil licensing round, unveiling a fully digital bidding portal in an effort to revive exploration interest …

KEY POINTS The Court of Appeal in Lagos has stepped in to preserve the authority of a court-appointed receiver overseeing the assets of Nestoil Limited and its affiliate Neconde Energy, …

Libya’s National Oil Corporation, NOC, has begun a fresh review of exploration work in the Murzuq Basin, holding a detailed session with Poland’s PUNA Oil Company as the North African …

KEY POINTS Eskom annual wage negotiations have taken a sharp turn, with labour unions representing the bulk of the utility’s workforce dismissing a proposed 3.5 percent salary increase and instead …

KEY POINTS Shell has signalled it is prepared to deepen its spending in Italy’s upstream sector, urging Rome to move ahead with long-pending approvals for fresh drilling that it says …

KEY POINTS BP and Eni’s joint venture in Angola has brought a major gas processing plant into operation in Soyo, marking one of the country’s most significant steps yet in …

KEY POINTS The Nigerian National Petroleum Company Limited, NNPCL, is confronting an increasingly heavy debt burden, with crude-backed loan obligations now estimated at N8.07tn. The figure, drawn from the company’s …