President Donald Trump on Friday, January 9, met with executives from U.S. energy companies, including ExxonMobil, Chevron, and ConocoPhillips, to discuss a potential $100 billion investment in Venezuela’s oil and gas sector. The meeting followed the capture of Nicolás Maduro on January 3, 2026, by the U.S. special military force. According to a CBS News …
The United States attempted to seize a Russian-flagged tanker linked to Venezuela on Wednesday, escalating tensions in Latin America and straining relations with Moscow. The move is part of President Donald Trump's push to control oil flows in the region and pressure Venezuela’s government to cooperate with U.S. interests. The U.S. Coast Guard and military …
President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo, has said the Federal government should sell only a 51 per cent stake in the refineries managed by the Nigeria National Petroleum Company (NNPC) Limited to private investors. Osifo said PENGASSAN has always maintained that the government should not sell …
The Transmission Company of Nigeria (TCN) says 131 cases of infrastructure vandalism were recorded across its network from January to November 2025. TCN said despite this threat, it achieved a historic milestone in power transmission in 2025. In a review of the outgoing year, the company said it recorded an all-time peak electricity generation in …
In a significant shift for Nigeria's energy market, the price of Premium Motor Spirit (PMS), also known as petrol, has fallen sharply to ₦739 per litre ahead of the Yuletide season. Motorists in Lagos have formed long queues in some MRS filling stations in Lagos as they seek to buy petrol. The pump price drop …
Project to Boost Southern Africa’s Energy Security and Regional Trade By Esther Ososanya Namibia and Botswana plan to build a joint $4 billion oil refinery to cut fuel imports and secure energy supplies for Southern Africa. The refinery will process 60,000 to 100,000 barrels of crude oil per day. It will operate from two sites: …
By Esther Ososanya In a major boost for Africa’s energy sector, the African Export-Import Bank (Afreximbank) has signed a $1.35 billion financing deal with Dangote Industries Limited (DIL). The deal is part of a larger $4 billion syndicated loan to support the Dangote Refinery, Africa’s largest industrial project to date. This agreement will help refinance …
By Esther Ososanya The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has reaffirmed its support for suppliers and distributors in the petroleum sector, describing their role as vital to Nigeria’s energy security and economic development. Speaking at the Annual General Meeting of the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) in …
