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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.
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.
Northern African country Egypt has announced plans to raise electricity rates as part of its gradual removal of power subsidies.
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.
Angola plans to increase the number of awarded oil and gas concessions to 60 by the end of 2025 as part of its continued drive to open up the country’s energy sector and attract global investors.
Ethiopia has officially launched construction of a 3.5 million tons per year (70,300 bpd) crude oil refinery in Gode, Somali Region, in a major effort to support the country’s industrial development.
Tanzania major city, Zanzibar, has launched an $8.4 million electricity stabilisation project aimed at modernising its grid and ending years of unreliable supply and costly blackouts.
US energy firm, Chevron, has completed seismic data acquisition for Blocks 49 and 50 in Angola and is now moving into the data processing phase.
Nigeria’s UTM Offshore is considering a partnership with Seplat and Vitol to launch its $5 billion floating LNG project, the first in the country.
South Africa’s state-owned power utility, Eskom, lost approximately R481 billion ($27.9 billion) in economic output due to load shedding in 2024.
Italian energy giant Eni is set to sign a final investment decision (FID) for Mozambique’s $7.2 billion Coral Norte floating liquefied natural gas (FLNG) project.
The government of Nigeria has confirmed that the Dangote Group will reinstate workers recently disengaged from the Dangote Refinery.
Angola’s state oil company, Sonangol, has announced that only 30% of its shares will be listed on the stock market as part of a gradual privatisation plan designed to attract foreign investors and improve transparency in the country’s petroleum sector.