KEY POINTS South Africa’s energy regulator admitted to Parliament this week that it made a multi-billion-rand blunder in calculating Eskom’s allowable revenue, a mistake that could saddle households and businesses …
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KEY POINTS ExxonMobil Corp. is moving into the fast-growing synthetic graphite business with the acquisition of Superior Graphite’s U.S. assets and select international operations, in a bid to position itself …
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KEY POINTS Nigeria’s anti-graft agency has questioned Mele Kyari, the immediate past chief executive of Nigerian National Petroleum Company Ltd., NNPCL, as part of a widening investigation into alleged multibillion-dollar …
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Energy TransitionIn the NewsOil & Gas
Chevron Expands Israeli Gas, US LNG Supplies to Egypt Amid Surging Demand
KEY POINTS Chevron Corp. is ramping up natural gas flows from Israel and shipping liquefied natural gas from the United States to Egypt, a move underscoring the North African nation’s …
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KEY POINTS Egypt’s efforts to increase gas production and draw in foreign investment for its energy sector have entered a new phase with the signing of a preliminary agreement with …
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KEY POINTS Since the country’s powerful oil workers’ union, threatened a nationwide strike over the refinery’s proposal to use 4,000 trucks powered by compressed natural gas for fuel distribution, Nigerians …
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KEY POINTS Ethiopia has formally launched the Grand Ethiopian Renaissance Dam (GERD), Africa’s largest hydroelectric dam, pressing ahead with an ambitious $5 billion undertaking that promises power for millions while …
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In the NewsMarketsOil & Gas
Nigeria Braces for Fiscal Strain as OPEC Pushes Ahead With Oil Output Hike
KEY POINTS The Organisation of the Petroleum Exporting Countries, OPEC, efforts to boost oil production could worsen the global supply glut and drive prices even lower than the budgetary benchmarks …
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KEY POINTS Following reports that suggested repairs could take months, Dangote Petroleum Refinery has denied claims that its gasoline unit was forced into a protracted shutdown, calling the rumors “fake …
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In the NewsMarkets
NUPENG Defies Government, Launches Nationwide Strike Over Dangote Refinery Dispute
KEY POINTS Despite government efforts to prevent a confrontation over alleged anti-labor practices at the massive Dangote Petroleum Refinery, Nigeria’s powerful oil workers’ union, NUPENG, pushed forward with a nationwide …