Top stories
Energy
Top stories
French oil giant, TotalEnergies, has warned it may suspend its oil and gas exploration projects in South Africa, citing persistent legal and regulatory setbacks that have stalled progress.
Saudi Arabia is set to invest €250 million ( about $275 million) in a solar-powered desalination project in Senegal, strengthening economic and development cooperation between both countries.
Portuguese Energy Company, Galp Energia, has begun steps to resolve its ongoing tax dispute of about $300 million with Mozambique through an International Arbitration Tribunal.
Foreign direct investment (FDI) in sub-Saharan Africa hit $70 billion between 2022 and 2025, with the energy sector leading the growth, a new McKinsey Global Institute report shows.
A $3.2 million solar project in Africa’s most populous nation is drawing global attention, spurring more than $7.8 billion in investments. Nigeria’s approach is now seen as a model for other emerging renewable markets across the continent.
Nigeria is in discussions with China’s Export-Import Bank for a $2 billion loan to finance a new super electricity grid aimed at improving the country’s power supply and driving industrial growth.
Algeria will invest $60 billion in its energy sector between 2025 and 2029, with most of the funds going into oil and gas exploration and production.
Nigeria’s petrol imports fell to their lowest level in at least eight years in September, even as the country’s flagship Dangote refinery grappled with maintenance and industrial unrest.
NNPCL has revealed that Nigeria lost about 1,200 megawatts (MW) of power generation capacity due to the recent strike action involving the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Dangote Refinery.
Bayo Ojulari, NNPCL boss, has explained that the recent surge in gas prices across Nigeria was caused by short-term disruptions in product loading and distribution following a workers’ strike.
British energy major, Shell PLC, has sold part of its majority stake in Egypt’s North Cleopatra exploration block to QatarEnergy, marking another strategic expansion by the Gulf state oil company in the Mediterranean.
Italian energy giant Eni has restarted drilling operations in Libya, marking its return to the country after a five-year pause triggered by the COVID-19 pandemic.
Uganda is redefining its energy future with multi-billion-dollar investments across the sector. At the center of this plan is a proposed $4.5 billion refinery. Here’s what we know about the project.
Italian Energy Company, Eni, has expanded its exploration footprint in Côte d’Ivoire after securing rights to a new offshore block, CI-707, as part of its plan to strengthen its operations in the country’s upstream oil and gas sector.
French energy giant TotalEnergies and the Mozambican government appear to be at odds over the security situation in Cabo Delgado, casting uncertainty over the timeline for restarting the country’s stalled $20 billion liquefied natural gas (LNG) project.
Northern African country Egypt has announced plans to raise electricity rates as part of its gradual removal of power subsidies.
Ghana has enacted a new electricity law that opens up power generation to competition through transparent bidding. The reform is designed to reshape the country’s electricity market. Here are the key highlights.
Senegal has announced plans to build a second oil refinery in 2026, a $5 billion initiative aimed at reducing its reliance on imported fuels.
Italian energy giant Eni has given final financial approval for the $7.2 billion Coral Norte liquefied natural gas (LNG) project in Mozambique, setting the stage for the country’s second major gas project.
US energy giant ExxonMobil is planning to re-enter Gabon’s upstream oil sector through a new exploration agreement, industry sources have confirmed, in a major return to the Central African nation after a decade-long absence.
