News
Top stories
Nigeria has added Asian nations, Beijing and Singapore, to its global oil licensing roadshow as it attempts to attract ten billion dollars in new upstream investment and deepen interest in its 2025 offering of exploration blocks.
Nigeria’s Dangote Refinery has at no point met 50% of the country’s petrol demand despite earlier projections of rising output, according to newly compiled supply records from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
Switzerland Candi Solar has secured $58.5 million in debt financing from the International Finance Corporation (IFC), that will support the expansion of its commercial and industrial solar operations in South Africa and India.
The British government has withdrawn its $1.15 billion backing for the TotalEnergies-led Mozambique Liquefied Natural Gas (LNG) project, it confirmed on Monday.
French energy company TotalEnergies says it is selling 40% working interest in two exploration licences offshore Nigeria to Star Deep Water Petroleum Limited, a subsidiary of Chevron.
South Africa’s state-owned power utility, Eskom, posted a profit after tax of 24.3 billion rand ($1.42 billion) for the six months ending September 2025, representing a 37% increase compared with the same period last year.
South Africa’s state-owned power utility Eskom has received a long-term credit rating upgrade from S&P Global Ratings, reflecting improvements in the utility’s operational performance and financial recovery.
Eskom and Seriti Green have completed the handover of the Vunumoya Main Transmission Station, a R1 billion ($58 million) renewable-energy evacuation substation that will connect one of South Africa’s largest renewable projects to the national grid.
Nigeria is gearing to host the $5 billion African Energy Bank following the inspection of its proposed Abuja headquarters by the country’s Minister of State for Petroleum Resources (Oil) Heineken Lokpobiri.
East African nation, Uganda, is edging closer to producing its first commercial crude oil as the country’s oil and gas sector draws in over $11 billion in investments, according to a recent government statement.
Central African nation, Angola inaugurated a $4 billion gas processing plant to diversify its energy mix and reduce reliance on crude oil.
European fuel traders and importers are currently avoiding diesel shipments from Nigeria’s Dangote Refinery after tests revealed the product contains sulphur levels and other specifications that fail to meet Europe’s strict winter fuel standards.
Aksa Enerji has announced plans to build a 119 MW fuel oil power plant in Ouagadougou, the capital of Burkina Faso to strengthen the reliability of the electricity supply in the capital and surrounding areas.
Libya’s National Oil Corporation (NOC) says the country’s 2025 public exploration bidding round has entered its final stage and that the bids are expected to be opened in February 2026.
Portuegese Galp’s efforts to offload part of its stake in Namibia’s Mopane oil project have finally attracted heavyweight interest, including TotalEnergies and Chevron.
ExxonMobil said that it has lifted force majeure and resumed development on its $30 billion liquefied natural gas (LNG) project tied to the Rovuma Basin, which has been delayed for years because of a militant insurgency.
Eskom Chief Executive, Dan Marokane says the power utility cannot complete its long-delayed unbundling until municipalities settle the massive arrears owed to the company.
The government of Zambia has issued a licence to China Zambia Petrochemical Energy Corporation Limited to set up a 60,000 b/d crude oil refinery valued at $1.1 billion to meet the country’s fuel demand.
South Africa’s state-owned utility, firm, Eskom has announced plans to end load reduction for 1.69 million customers by 2027 as part of its new Load Reduction Elimination Strategy.
BW Energy has confirmed the presence of hydrocarbons in Namibia’s Kudu block marking another major upstream development that places the desert nation ahead of its neighbour South Africa.