KEY POINTS Eskom has reported a profit after tax of R24.3 billion for the six months to the end of September, a sizeable improvement on the R17.8 billion recorded in …
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KEY POINTS Dangote Refinery has trimmed the gantry price of diesel to ₦910 per litre, easing it down from ₦950 and signalling another attempt by the facility to pass on …
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KEY POINTS Shell has withdrawn from the proposed multibillion-dollar Argentina LNG project, stepping back barely a year after it entered a project development agreement with YPF, the country’s state-controlled energy …
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In the NewsOil & Gas
ExxonMobil Begins Phased Shutdown of Ageing Jurong Cracker as Petrochemical Glut Deepens
KEY POINTS ExxonMobil has begun winding down its oldest steam cracker on Singapore’s Jurong Island, marking a significant shift in the company’s Asian petrochemicals strategy at a time of persistent …
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In the NewsMarketsOil & Gas
Oil Holds Steady as Ukraine Targets Russian Pipeline and Peace Talks Falter
KEY POINTS Oil prices steadied on Thursday, with traders weighing Ukraine’s latest strike on Russian energy infrastructure against the reality that diplomatic efforts to halt the war appear to have …
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In the NewsOil & Gas
NNPC Faces Fresh Scrutiny as Auditor Queries £14 Million Spent on London Office
KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has once again found itself under pressure after the Auditor-General raised concerns over more than £14 million reportedly spent on the …
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In the NewsOil & Gas
UK Retreat from Mozambique LNG Funding Reignites Debate over Africa’s Energy Autonomy
KEY POINTS The African Energy Chamber has sharply criticised the UK government’s decision to pull more than a billion dollars in support from Mozambique’s flagship LNG development, saying the move …
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In the NewsOil & Gas
Oil Slips as Hopes for Russia–Ukraine Breakthrough Fade and Supply Fears Stir
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 …
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Energy TransitionIn the News
South Africa Moves to Phase Out Load Reduction as Eskom Unveils Overhaul Plan
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 …
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Energy TransitionIn the News
Eskom’s Recovery Bolsters Namibia’s Power Security as New Supply Deal Takes Effect
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 …