People’s IPO: Dangote Refinery floats Africa’s largest share sale
The refinery came into the limelight in 2026 by capitalising on the increased demand for jet fuel, following Iran war-related supply disruptions...
Category : Energy
Saudi’s East-West Pipeline shutdown threatens 4% of global oil supply
Saudi Arabia has shut down pipeline following drone attacks on the vital crude conduit, amid the war-related disruption in the Strait of Hormuz...
IPO-bound Dangote refinery eyes production capacity expansion by 2029
The move, due to be completed by 2029, would increase the refinery's capacity to 1.4 million barrels per day from the current figure of 700,000...
Iran war rewires Gulf trade, and infrastructure becomes the new oil
With the Strait of Hormuz all but shut for six months, Gulf states are ploughing billions into pipelines, ports and rail...
UK energy price cap to rise 4% as government’s electricity VAT cut faces test
The increase, a 60-pound rise to 1,723 pounds (USD 2,348), will hit around 22 million British households on variable tariffs...
No foreign listing for now as Dangote Refinery eyes retail-focused IPO
The refinery has submitted an application for a USD 5 billion IPO to Nigeria's SEC, with the listing's final size remaining unclear...
Aramco posts 44% profit rise as higher oil prices boost energy sector earnings
The world's top oil exporter posted net profit of USD 32.69 billion in the three months ended June 30, compared with USD 22.67 billion a year earlier...
TotalEnergies posts strongest quarter in nearly three years, plans Arctic LNG 2 exit
TotalEnergies also sees its production growing significantly in the Q3, although exports will still be dependent on the situation along Strait of Hormuz...
Energy shock bites: Iran war forces IMF to cut global growth outlook
The global economy is now expected to grow 3% in 2026, down from an April forecast of 3.1%, a modest slowdown partly offset by AI-driven demand...
TIME and Statista name world’s most sustainable companies for 2026
Schneider Electric tops the TIME and Statista list of 750 firms, who were judged on climate action, transparency and environmental stewardship...