KEY POINTS Uganda has announced plans to launch a fresh oil exploration licensing round in the 2026/2027 financial year, as the country prepares to begin commercial crude production later this …
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Energy TransitionIn the News
Lagos Partners Three Power Firms to Boost Electricity Supply to Key Infrastructure
KEY POINTS The Lagos State Government has signed fresh power purchase agreements with three energy companies as part of efforts to improve electricity supply across critical public infrastructure in the …
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KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has recorded its strongest crude oil trading performance in five years, reaching about 1.171 million barrels per day (mbpd) under the …
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KEY POINTS Former President Olusegun Obasanjo has again declared that Nigeria’s state-owned refineries operated by the Nigerian National Petroleum Company Limited will never function effectively again, despite ongoing efforts by …
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In the News
ExxonMobil and Teach For Qatar Renew Partnership to Boost Education and STEM Development
KEY POINTS ExxonMobil Qatar has renewed its strategic partnership with Teach For Qatar for another three years, strengthening efforts to improve education quality and teacher development across Qatar. The collaboration, …
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KEY POINTS The Chief Executive Officer of Chevron Corporation, Mike Wirth, has said that while recent changes to Venezuela’s oil policies signal progress, more reforms are needed to fully revive …
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KEY POINTS Global natural gas markets are facing renewed pressure as escalating tensions in the Middle East threaten the stability of liquefied natural gas, LNG, supply chains, raising concerns over …
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In the NewsMarketsOil & Gas
Oil Prices Surge Weekly Despite Volatile Trading Amid U.S.–Iran Tensions
KEY POINTS Oil prices fluctuated sharply on Friday, ultimately closing mixed. Brent crude rose slightly to $105.33 per barrel, while U.S. West Texas Intermediate (WTI) fell to $94.40. Despite the …
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KEY POINTS The Nigerian National Petroleum Company Limited has entered into a strategic partnership with Sonatrach, Algeria’s national oil company, to strengthen collaboration in research, development, and innovation within the …
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In the NewsOil & Gas
East African Countries Plan Joint Refinery as Dangote Offers to Build Mega Plant
KEY POINTS East African countries are exploring plans to jointly develop a large oil refinery at the port of Tanga in Tanzania, in a move aimed at reducing dependence on …