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Energy
Top stories
Nigerian crude oil is enjoying an unexpected demand surge from Asian refiners as newly reimposed tariffs by the United States push major oil buyers in Asia to diversify away from U.S.-linked and sanctioned supply sources like Russia.
Nigeria has approved $2.61 billion (N4 trillion) to offset electricity sector debt and bring stability to the country’s power generation industry.
A South African court has cancelled an environmental approval granted to TotalEnergies and its joint venture partners to explore for oil off the Cape coast.
French oil major TotalEnergies is preparing to drill exploration probes near its flagship Akpo deepwater field in Nigeria as it finalizes plans to sanction the nearby Preowei prospect, which is believed to hold up to 150 million barrels of oil reserves.
East African nation, Uganda and Tanzania, have now selected with a consultant to undertake a feasibility study for their joint cross-border gas pipeline.
While scaling back its footprints in some African countries, Tullow Oil is counting on increased production in its Ghana’s assets to recover from mounting debts and fiscal turnaround
Most renewable projects in Africa are driven by foreign investors and global financiers like the World Bank. Still, some local companies are making notable contributions.
When President Bola Tinubu signed the Electricity Act 2023 into law, it set in motion a new and disruptive model for Nigeria’s power sector. From tariff setting to regional control, the Act lays out clear provisions. Here’s what you should know about the reform.
French oil major, TotalEnergies, has disclosed plans to begin oil exploration drills in the Orange Basin off the coast of South Africa.
Egypt has successfully integrated 2,000 megawatts (MW) of renewable energy, including solar and wind power, into its national grid to boost its electricity supply.
The Moroccan National Office of Electricity and Drinking Water (ONEE) has officially launched an international tender for the construction of a $6.18 million hybrid solar-diesel power plant with battery storage in El Guerguarat.
Namibia has been hailed as one of the world’s hottest frontiers for oil exploration. But with market shifts and growing exploration challenges, some major oil companies are beginning to rethink their presence. The question now is — does Namibia still hold its hotbed status?
Following the withdrawal of oil majors, including Shell and Chevron, the Egyptian government is now offering the Red Sea gas field for concessions to other foreign investors.
The first phase of the 60,000-barrel-per-day (bpd) Cabinda refinery in Angola will be commissioned in September 2025, as the government moves quickly to bridge its significant refining gap and reduce reliance on fuel imports.
Ghana began its oil production journey in 2007 after the commercial discovery of the Jubilee Field. The sector has grown steadily since then, but signs now point to a possible slowdown ahead.
Nigeria’s Dangote Refinery is set to import 4,000 natural gas powered trucks as part of its plan to distribute refined fuel products directly within the local market.
Mellitah Oil & Gas, a joint venture between Libya’s National Oil Corporation (NOC) and Italian energy giant Eni, has appointed US-based Hill International to provide project management services for its $8 billion Structures A & E project in offshore Libya.
A US firm, Energy America, has announced plans to develop a 100 MWp solar power plant paired with a 250 megawatt hours (MWh) battery energy storage system (BESS) in Uganda.
Under the programme, companies worked with the Federal Inland Revenue Service (FIRS) and the Federal Ministry of Works to identify and fund approved projects. The cost of these projects would then be deducted from the company’s future tax obligations.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced plans to award 220 oil blocks across the country’s onshore and offshore basins in its latest licensing bid round.
