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The government of Ghana has announced plans to procure 200 megawatts (MW) of battery energy storage systems as part of efforts to stabilise the national electricity grid.
Egypt’s monthly gas import bill has risen to about $1.65 billion following disruptions to energy supply linked to the ongoing conflict involving Iran, Israel and the United States.
Nigeria’s mega Dangote refinery has exported 456,000 tonnes of refined petroleum products to five African countries, strengthening Nigeria’s role in fuel supply across the continent.
Air travellers in South Africa are facing higher fares as Middle East tensions push jet fuel prices up by 70%, with several domestic airlines introducing temporary surcharges.
Several African countries are increasingly turning to petroleum supplies from Nigeria’s Dangote refinery as disruptions linked to the ongoing Iran war tighten global fuel supply chains.
Italy is in talks with Algeria to secure additional natural gas supplies as disruptions linked to the Iran conflict continue to strain global energy markets.
The government of Egypt has signed three agreements to develop renewable energy projects and battery storage facilities with a combined capacity of 5,620 megawatts (MW), as part of efforts to expand clean energy generation.
South Africa’s power utility, Eskom, has tabled a revised wage offer of 6.5% for workers as negotiations with labour unions enter a fourth round, with no agreement reached.
South Africa’s National Treasury has said on Wednesday that it expects government debt to stabilise as planned despite rising oil prices and market volatility linked to the Middle East conflict.
Italy’s Eni has reported two new offshore gas discoveries in Libya, with combined volumes estimated at more than 1 trillion cubic feet (Tcf), according to a statement released by the company on Monday.
Nigeria’s power generation companies are shutting down operations as a N6.8 trillion ($5 billion) debt owed to the sector continues to mount, worsening payment shortfalls.
International energy company Energean is acquiring Chevron’s interests in two offshore oil blocks in Angola for a base consideration of $260 million.
South Africa’s electricity regulator has approved higher tariff increases for the next two financial years after correcting a R54.7 billion ($3.35 billion) calculation error in the pricing framework used for Eskom.
Nigeria has directed owners of privately operated transmission substations to register and obtain regulatory permits, insisting that all such facilities connected to Nigeria’s national grid.
Nigeria halted the issuance of import permits in the month of February for fuel as the Dangote refinery increasingly dominates domestic supply.
International oil major, Shell Plc, has secured presidential approval from the government of Nigeria for the final investment decision (FID) on the $20 billion Bonga Southwest Aparo deepwater project.
Nigeria’s state-owned oil company, NNPC Limited, has reported a profit of $267 million ( ₦385 billion) for January, according to figures released by the firm as part of its latest operational update.
Kenya has said it will allocate $155 million from proceeds of its pipeline IPO to support the expansion of Jomo Kenyatta International Airport in Nairobi.
Egypt has raised domestic fuel prices by up to 17% as rising global energy costs linked to the conflict in the Middle East continue to affect national supply expenses.
Lyra Energy has begun construction of the R4 billion ($238 million) Thakadu solar photovoltaic (PV) plant in South Africa, a 255-megawatt facility located on the border of the Free State and Northwest provinces.
