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KEY POINTS Oil prices extended their decline on Wednesday, clinging to five-month lows amid mounting anxiety over a renewed US-China trade spat and forecasts of an impending supply glut that …

KEY POINTS Nigeria’s Federal Government has sealed a landmark agreement with power generation companies, GenCos, and gas suppliers to clear outstanding debts worth about ₦4 trillion, marking one of the …

KEY POINTS Shell Plc has approved a $2 billion offshore gas development in Nigeria, deepening its investment footprint in the West African nation’s energy sector as it pivots further toward …

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, …

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 …

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 …

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 …

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 …

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 …

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 …