KEY POINTS South Africa’s Cabinet has approved a new board for Eskom Holdings, the state-owned power utility at the heart of the country’s energy recovery plan, while retaining Mteto Nyati …
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KEY POINTS The Chairman of Libya’s National Oil Corporation, NOC, Masoud Suleiman, has opened talks with a senior delegation from the American oilfield services company Halliburton to explore potential areas …
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KEY POINTS Nigeria’s upstream oil regulator, NUPRC, expects new field developments to add a significant lift to the nation’s production capacity as the government intensifies efforts to revive investment in …
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KEY POINTS Egypt’s Petroleum and Mineral Resources Minister, Karim Badawy, has unveiled an ambitious five-year exploration plan that will see the country drill 480 new oil and gas wells at …
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In the NewsMarketsOil & Gas
Oil Prices Slide as Trade Tensions and Surplus Fears Keep Markets Under Pressure
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 …
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Energy TransitionIn the News
Nigeria Strikes ₦4 Trillion Deal to Settle Power Sector Debts and Reignite Investor Confidence
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 …
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In the News
Shell Greenlights $2 Billion Offshore Gas Project With Sunlink to Boost Nigeria LNG Supply
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 …
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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, …
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In the NewsMarketsOil & Gas
Brent Crude Slides 6% in October as US-China Tensions and Rate Expectations Weigh on Oil
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 …
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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 …