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Nigerian Exchange chairman courts Middle East investors ahead of Dangote Refinery IPO
Nigerian Exchange Group (NGX Group) Chairman Umaru Kwairanga has called on Middle East investors to increase their participation in Nigeria’s capital market
ING flags risks to Hormuz reopening as US-Iran MoU starts the clock on talks
ING warns markets are too optimistic on how fast the Strait of Hormuz will reopen under the new US-Iran MoU, with mine clearance and insurance set to slow the return of oil flows for months.
PetroChina and Indian Oil fail to secure tankers for Iraqi crude shipments
Chinese and Indian oil buyers have faced difficulties securing very large crude carriers (VLCCs) to transport Iraqi crude from Basra ports amid soaring freight rates and tightening vessel availability.
Bourbon wins subsea contract for Ghana's 100,000-bpd Jubilee field
French offshore services group Bourbon has secured a subsea services contract on Ghana's flagship 100,000-bpd Jubilee field, operated by Tullow Oil and alongside partners including Kosmos Energy.
Axia bets on Brazil’s energy future
Axia Energia has launched a group of energy-transition projects in northeastern Brazil, combining solar, wind, battery storage and digital infrastructure in an effort to test technologies aimed at supporting the country's evolving power system.
Brazil renewable funding rebounds
Financing for renewable energy projects in Brazil reached BRL36.3bn ($7.1bn) in 2025, up 10.6% from the previous year, but remained 22% below the record BRL46.3bn registered in 2022, according to consultancy Clean Energy Latin America (CELA).
Forsys names uranium sector veteran John Borshoff interim CEO to advance flagship Namibia project
Forsys Metals (TSX: FSY) plans to appoint veteran uranium executive John Borshoff as chief executive to accelerate development of its Norasa project in Namibia and pursue acquisitions aimed at building a diversified uranium portfolio.
Exxon Mobil signs LNG supply deal for South Africa's first import terminal, at Richards Bay
Exxon Mobil (NYSE: XOM) has signed a preliminary agreement to supply LNG to South Africa's planned Zululand Energy Terminal at Richards Bay, strengthening efforts to establish the country's first LNG import facility.
Nigeria secures $230mn EIB loan to support green and digital SMEs
The European Investment Bank's development arm, EIB Global, has agreed a €200mn ($230mn) financing package with the Development Bank of Nigeria to expand funding for MSMEs in agriculture, renewable energy and digitalisation.
Morocco rejects fuel price cap and Samir Refinery takeover
Morocco’s Upper House has voted down two high-profile legislative proposals, exposing deep political fragmentation over the sensitive issues of retail fuel pricing and the nationalisation of the idled Samir refinery
Nigeria rules out new fuel and telecom taxes after IMF recommendations
Nigeria’s federal government has dismissed reports that it plans to introduce new taxes on telecommunications services and petroleum products, saying recent recommendations by the IMF are advisory
Libya’s Sirte Oil hits high-yield well at Al-Khair field
Libya’s state-owned National Oil Corporation (NOC) announced that its subsidiary, Sirte Oil Company for Production and Manufacturing of Oil and Gas, has completed a development well at the Al-Khair oilfield
Chile approves $20mn solar-storage project near Calama
Chile's Environmental Assessment Commission (Coeva) has approved the environmental impact declaration for the Valle de las Estrellas solar park with battery storage.
Chile's ENAP seeks approval for $96mn Magallanes fracking project
Chile's state-owned oil company ENAP has submitted a $96mn hydrocarbon extraction project to the Environmental Impact Assessment System (SEIA).
Argentina’s Neuquén backs first LNG development project with YPF agreement
Argentina’s Neuquén provincial legislature moved forward with approval of the province’s first liquefied natural gas (LNG) development project, endorsing an agreement with state-controlled energy company YPF.
Mexican oil prices on four-day slide, lowest price point in 15 months
Mexican oil prices fell for a fourth day in a row on June 16, reaching the lowest level seen since March 2025. This comes after the United States and Iran reached a provisional agreement to be signed June 19.
Egypt signs gas expansion deals with Harbour Energy, Eni
Egypt has signed new agreements on June 17 with British firm Harbour Energy (LSE:HBR) and Italy's Eni (BIT:ENI) to raise natural gas production and establish an economic framework to stimulate foreign investment
Hynfra and Ohmium to advance green hydrogen projects in Jordan, Oman and Mauritania
Polish developer Hynfra PSA has partnered with US electrolyser manufacturer Ohmium International to advance multi-billion-dollar green hydrogen and ammonia projects in Jordan, Oman and Mauritania.
Sixth Street goes on US shale shopping spree
Sixth Street is continuing its streak of acquisitions centred on US shale plays, buying into Comstock Resources' Pinnacle Gas Services subsidiary for $600mn and reportedly also buying Logos Energy for $1bn.
Nigeria’s Dangote Refinery reduces clean-fuel imports to West Africa
Data provided by S&P Global and shipping data firm BIMCO this week has shown that production from Nigeria’s 650,000 barrels per day (bpd) refinery is causing a significant shift in West African fuel trade patterns.
Ethiopian Airlines seeks Saudi fuel deal to shield $30bn order book
Ethiopian Airlines seeks greater fuel price certainty through a short-term Saudi supply contract as soaring energy costs, aircraft delivery delays and thin industry margins place mounting pressure on African carriers.
Nigeria's gas output rises marginally in May to 7.93bcfd as domestic demand grows
Nigeria's natural gas production rose 0.6% year on year to 7.93bcfd in May 2026, according to NUPRC data, as stronger associated gas output and rising domestic demand offset weaker exports.
Mexico’s Pemex denies fuel shortage as gasoline and diesel sales rise 9% in January-May
BP reportedly kicks off process to sell stakes in two US Gulf projects
BP has reportedly started a process to sell stakes in two of its projects in the US Gulf of Mexico, Kaskida and Tiber.
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