News
Top stories
The federal government of Nigeria is set to introduce a 15% tariff on the importation of Premium Motor Spirit (PMS), commonly known as petrol, as well as diesel, according to a new report.
Kenya intends to establish a sovereign wealth fund for revenue from minerals and petroleum to cushion the economy against downturns and preserve wealth for future generations.
The Dangote Refinery has announced plans to expand its internal, off-grid power generation capacity to 1,000 megawatts (MW) as part of its ongoing refinery expansion plan.
Kenya is negotiating compensation deal with India’s Adani Group after President Ruto canceled a Ksh 96 billion ($744 million) power infrastructure project in October.
Nipco Plc, a leading Nigerian energy conglomerate, has acquired a 19.4% stake in London-listed Savannah Energy Plc for £28.7 million ($38.2 million), a move that marks its entry into upstream and midstream energy investments.
The Dangote Refinery has confirmed that it is importing semi-refined hydrocarbons as intermediate feedstock, firmly rejecting media allegations that it brought finished petrol with excessive sulphur content into Nigeria.
Nigeria has commissioned its first wholly owned Floating Storage and Offloading (FSO) vessel near the Bonny export terminal, with capacity to hold more than 2 million barrels of crude oil.
Portuguese Energy Company, Galp Energia, has begun steps to resolve its ongoing tax dispute of about $300 million with Mozambique through an International Arbitration Tribunal.
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.
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 power sector has added 9,600MW of capacity following the commercial operation of Unit 6 at Kusile Power Station, confirmed by state utility Eskom
Equatorial Guinea has signed a major agreement with US energy giant Chevron to develop the Aseng Gas Project, marking a significant step in the country’s ambition to become a leading liquefied natural gas (LNG) processing hub in Africa.
Zambia’s power utility, ZESCO, has announced plans to reduce electricity exports to 106 megawatts by October 1, 2025, as it spends up to $25 million monthly on imports to ease power shortages.
South Africa’s state owned power company, Eskom, has invited private businesses to buy renewable electricity directly from its energy subsidiary.