KEY POINTS South Africa’s state-owned power utility, Eskom, is planning to cut electricity tariffs after returning to profitability for the first time in eight years, a turnaround that its chairman, …
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In the NewsMarketsOil & Gas
Brent Crude Slides 6% in October as US-China Tensions and Rate Expectations Weigh on Oil
KEY POINTS Global oil markets are under renewed pressure as Brent crude prices dropped more than 6% in October, slipping toward $62 a barrel and struggling to hold above the …
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KEY POINTS Eskom has officially kicked off its long-awaited smart meter installation drive in KwaZulu-Natal, marking the start of a sweeping plan to modernise South Africa’s electricity network and tackle …
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Energy TransitionIn the NewsOil & Gas
Eni Targets 2026 Launch for Petronas Gas Venture as LNG Expansion Gathers Pace
KEY POINTS Italian energy giant Eni is gearing up to kick off its joint gas venture with Malaysia’s state-owned Petronas by 2026, marking another milestone in its strategy to expand …
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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 …