FG Approves ₦185 Billion Payment to Clear Gas Suppliers’ Debts
ABUJA—The Federal Government has approved the payment of ₦185 billion in outstanding legacy debts owed to natural gas suppliers, a decisive measure aimed at...
Nigeria’s Production Forecast to Rise to 1.73 Million B/D in 2026
LAGOS—Nigeria’s crucial oil sector is poised for a modest recovery in 2026, with total liquid hydrocarbons production expected to record an uptick, according to...
Eskom’s Profit Surge Signals Recovery — Now Comes the Test of Endurance
Eskom, South Africa’s state-owned electricity utility, has recorded a major financial turnaround, posting substantial profits for the first time in eight years — a...
TotalEnergies Farms Out 40% Stake in Nigerian Deepwater Blocks to Chevron’s Star Deep Water Petroleum
TotalEnergies has entered a farm-out agreement to transfer a 40 percent interest in two offshore exploration licences, PPL 2000 and PPL 2001, to Chevron’s...
Nuprc Launches 2025 Upstream Licensing Round with Dedicated Digital Bid Portal to Boost Investment
The Nigerian Upstream Petroleum Regulatory Commission has opened the 2025 Licensing Round with the introduction of a dedicated digital bid portal, marking a new...
