KEY POINTS Nigerians faced yet another hike in fuel prices on Monday as petrol costs soared above ₦900 per litre across filling stations in Abuja, deepening public frustration over rising …
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KEY POINTS Oil prices edged higher on Monday after OPEC+ opted for a smaller-than-expected output hike for November, calming worries of a sharp supply influx but leaving markets cautious about …
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KEY POINTS Gasum Oy, Finland’s state-owned energy company, has begun construction on three new liquefied biogas (LBG), or bio-LNG, filling stations as part of its broader strategy to expand the …
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In the NewsMarkets
Cooking Gas Prices Soar to Record ₦25,000 as Supply Crisis Deepens Across Nigeria
KEY POINTS Nigerian households are reeling under a worsening shortage of cooking gas as the price of a 12.5-kilogram cylinder of Liquefied Petroleum Gas (LPG) has climbed to ₦25,000 this …
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KEY POINTS The Akwa Ibom State Government has announced the relocation of its Compressed Natural Gas, CNG, bus terminal from Odiok Itam in Itu Local Government Area to Obio Offot …
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Energy TransitionIn the News
States Still Committed to Power Reforms, FOCPEN Counters Claims of Backtracking
KEY POINTS The Forum of Commissioners for Power and Energy, FOCPEN, has dismissed reports suggesting that nearly two dozen Nigerian states have pulled back from implementing reforms under the Electricity …
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In the NewsOil & Gas
TotalEnergies Prepares to Revive $20 Billion Mozambique LNG Project After Four-Year Halt
KEY POINTS Mozambique signaled a breakthrough for one of Africa’s most ambitious energy ventures after President Daniel Chapo said Thursday that conditions have been met for TotalEnergies SE to restart …
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KEY POINTS South Africa’s state power utility Eskom has appointed long-serving executive Monde Bala as the chief executive of its transmission subsidiary, the National Transmission Company South Africa (NTCSA), cementing …
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KEY POINTS The Republic of Congo is preparing to enact a new gas code this month in a bid to cement its transition from an oil-dependent economy to one anchored …
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KEY POINTS Fuel queues have returned to Nigeria’s biggest cities, Lagos and Abuja, ending months of relative stability in the country’s volatile downstream market. Motorists spent hours searching for petrol …