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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.
South Africa’s state-owned power utility, Eskom, has recorded its first full-year profit in eight years, signaling a turnaround after prolonged financial losses and power shortages.
ExxonMobil is seeking security assurances from the Government of Mozambique before moving ahead with its proposed $30 Billion Liquefied Natural Gas (LNG) terminal in the country’s northern region.
One of Germany’s biggest utility firm, RWE, has withdrawn its suppport from Namibia’s $10 billion Hyphen Hydrogen Energy project.
Uganda has received the final shipment of pipes for the $5 billion East African Crude Oil Pipeline (EACOP) project, marking a major step toward its first oil production next year.
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.
Nigeria’s Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on its members, including TotalEnergies, Shell, Oando and others, to halt gas supply to the Dangote refinery over the mass layoff of workers.
Nigeria’s mega Dangote refinery has announced plans to stop selling Premium Motor Spirit (PMS), commonly known as petrol, in the local currency, the Naira.
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has issued a scathing condemnation of what it describes as “anti-labour practices” at the Dangote Refinery, alleging the termination of over 800 Nigerian workers in favour of over 2,000 Indian workers.
Nigeria’s Dangote Petroleum Refinery has terminated the employment of some of its local staff, following reports that most of them joined the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).
Russia has signed an agreement with the Ethiopian governmentto build the first-ever nuclear power plant in Ethiopia, marking a major step in the country’s push for nuclear energy.
Nigeria has officially approved TotalEnergies Exploration and Production Nigeria Limited’s divestment of its 12.5% contractor interest in Oil Mining Lease (OML) 118, a strategic deepwater asset that includes the prolific Bonga field.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has clarified the reason for the collapse of the $860 million divestment deal between TotalEnergies and Chappal Energies.
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.
A group backed by American billionaire, Jeff Bezos, the Global Energy Alliance for People and Planet (GEAPP), has successfully mobilised $4.2 billion to enhance renewable energy access across the Africa continent.
Italian Energy Company, Eni, has reduced its shareholding in Ivory Coast’s Baleine Offshore Project after selling a 30% stake to Global Commodity Trader, Vitol.