Adenike Adeodun

Elliott Management has acquired a 5 percent stake in BP and is urging the company to sell assets and cut costs to boost profitability.

BP announces a major strategy reset as profits fall by 35 percent, with CEO Murray Auchincloss promising cost cuts and improved financial performance.

Estonia, Latvia, and Lithuania have fully disconnected from Russia’s power grid and joined the EU system, strengthening their energy security and independence.

Suncor Energy CEO says the company can handle potential U.S. tariffs, citing strong production and a diversified export strategy.

Africa Energy Bank is set to launch mid-2025 with $5 billion in funding to support oil and gas projects across the continent.

Iraq’s parliament approves an oil subsidy plan, increasing payments to $16 per barrel to restart Kurdish exports and resolve the Baghdad-Erbil dispute.

Africa faces increasing power blackouts due to aging infrastructure, surging demand, climate change impacts, and governance issues.

Oilfield service firms are struggling as drilling activity slows and prices decline, forcing many into rising debt and potential bankruptcy.

Africa’s ambitious renewable energy goals aim to significantly increase capacity and connect millions to sustainable power by 2030.

The EU is weighing relief on Syria sanctions for energy and transport sectors to support infrastructure rebuilding and economic recovery.