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Oil finds in Guyana and Namibia have drawn sharp comparisons between the two nations. Yet emerging realities suggest they may be drifting apart in ways that is unsettling for investors.
A few local oil and gas firms in Nigeria are holding their own against international players. Seplat, after acquiring ExxonMobil’s onshore assets, is pushing to dominate the country’s gas market with successive projects.
Africa’s renewable energy landscape in tandem with global transition pace is gaining momentum. A new report shows that the importation of solar panel on the continent has increased substantially in recent time.
Angola, one of Africa’s leading oil producers, has in recent times face different hurdles from volatile oil market to low output, among others. Now, the country is betting on gas for its economy recovery.
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Nigeria’s mega Dangote refinery is making bold moves to disrupt the downstream value chain with the purchase of 4,000 trucks worth about $470 million. Should other marketers be anxious of this disruption?
It has been more than two decades since Nigeria carried out a major privatisation of its electricity sector. While the process enriched a few, leaving them as overnight millionaires, most Nigerians remain in darkness.
Asian refiners are increasingly turning to suppliers from the Atlantic Basin, including Nigeria, Brazil, and the US, whose crude is more attractive due to improved shipping and arbitrage economics.
In 2021, Heir Energies signed an eight-year, $1.2 billion deal to acquire 45% of oil production from OML 17. Since then the indigenous oil firm is changing what once a troubled asset to a growth catalyst
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