KEY POINTS Nigeria’s Bonny Light crude held firm around $67 a barrel on Monday as a wave of renewed optimism swept through global oil markets, driven by hopes that the …
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In the NewsMarketsOil & Gas
NNPC Raises Petrol Price to N992 in Lagos as Nigerians Brace for Tougher Times
KEY POINTS Nigeria’s state-owned oil company, the Nigerian National Petroleum Company, NNPC, has raised the pump price of petrol to N992 per litre in Lagos, up from N865, marking yet …
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Energy TransitionIn the News
El-Sisi, ExxonMobil Discuss Deeper Energy Cooperation Amid Mediterranean Prospects
KEY POINTS President Abdel Fattah El-Sisi has held discussions with ExxonMobil’s Vice President for Global Exploration, John Ardill, on the future of the American energy giant’s operations in Egypt, with …
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KEY POINTS Prices of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, have continued their sharp climb across Nigeria, driven by tightening supply and opportunistic market practices. Reports indicate …
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In the NewsOil & Gas
Nigeria Bans Oil Union From Striking at Dangote Refinery Citing Free Trade Zone Rules
KEY POINTS The Nigerian government has barred the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, from launching strikes against the Dangote Refinery, declaring that such actions violate …
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In the News
South Africa’s Koeberg Nuclear Extension Faces Backlash Over ‘Missing’ Safety Data
KEY POINTS The Southern African Faith Communities’ Environment Institute, SAFCEI, has intensified its criticism of Eskom’s plan to extend the operating life of Unit 2 at the Koeberg Nuclear Power …
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KEY POINTS Iraq has signed a new agreement with ExxonMobil to assist in developing the vast Majnoon oilfield in the country’s south and upgrade export infrastructure, marking the American supermajor’s …
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KEY POINTS Nigeria LNG Limited, NLNG, has urged African countries to seize control of their collective energy future by becoming key players in the global liquefied natural gas, LNG, market …
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KEY POINTS The long-running tension between Eskom, South Africa’s state-owned power utility, and Nersa, the National Energy Regulator, has escalated after the civil rights group AfriForum succeeded in temporarily halting …
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KEY POINTS Green Energy International Limited, GEIL, has launched the Otakikpo Onshore Crude Oil Export Terminal, a $400 million facility described as a historic milestone in Nigeria’s energy industry. The …