KEY POINTS A United States district court has sentenced Paulinus Okoronkwo, a Nigerian-American and former general manager at NNPC Limited, to 87 months in prison for accepting a $2.1 million …
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KEY POINTS South Africa’s state-owned power utility, Eskom Holdings SOC Ltd., has sparked controversy after releasing a study arguing that installing emissions-cutting technology at its Medupi facility would be too …
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KEY POINTS Shell Plc is in preliminary discussions with several companies, including a unit of Abu Dhabi National Oil Co., about selling a minority interest in its A$34 billion ($24 …
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In the NewsOil & Gas
NMDPRA Intensifies Reforms to Stabilise Fuel Market and Attract Energy Investments
KEY POINTS Nigeria’s energy sector regulator, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has stepped up engagement with operators, wholesale distributors, and financial stakeholders in a broad effort …
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In the NewsOil & Gas
ExxonMobil’s Canje Block Licence Nears Expiry as Guyana Opens Door for New Exploration
The exploration licence held by ExxonMobil for the Canje offshore block is set to expire on March 4, 2026, according to officials from the Ministry of Natural Resources in Guyana, …
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KEY POINTS Conoil Plc has formally announced the resignation of its company secretary, David Lanre-Leke, who stepped down from the role effective September 8, 2025, according to an official notice …
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In the NewsOil & Gas
NNPC Set to Launch New Cawthorne Crude Exports in March to Lift Nigeria’s Oil Output
Nigeria’s state oil firm, NNPC, the Nigerian National Petroleum Company, is preparing to introduce a new crude oil blend known as Cawthorne, with its first export cargoes expected in the …
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In the NewsOil & Gas
Experts Warn Tinubu’s Oil Revenue Order Could Strain NNPC Operations and Investment Climate
KEY POINTS Experts have raised concerns over President Bola Tinubu’s recent executive order directing all oil and gas revenues straight into the Federation Account, warning that this could limit the …
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Energy TransitionIn the News
Generation Companies Reject Presidency’s N2.8tn Debt Claim as Misleading
KEY POINTS The Association of Power Generation Companies, APGC, has dismissed claims by Presidency sources that N2.8tn represents a verified and final settlement of legacy debts owed to electricity generation …
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Energy TransitionIn the News
REA Secures $700,000 ECOWAS Grant to Power 15 Rural Health and Education Facilities
KEY POINTS The Rural Electrification Agency, REA, has signed a Memorandum of Understanding (MoU) with the Economic Community of West African States (ECOWAS) under the Regional Off-Grid Electricity Access Project …