Olakunle Williams built a billion-dollar gas empire in five years. Here is how Tetracore Energy Group became one of Africa’s most powerful energy companies.
In the News
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KEY POINTS Global oil prices rose on Thursday as doubts over the durability of a ceasefire in the Middle East raised concerns that energy shipments through the strategic Strait of …
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In the NewsOil & Gas
Libya Announces Three New Oil and Gas Discoveries with International Energy Firms
KEY POINTS National Oil Corporation, NOC, has announced three new oil and gas discoveries in partnership with major energy companies from Italy, Spain, and Algeria, according to statements released by …
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KEY POINTS Uruguay’s offshore energy sector has attracted new international players following the entry of QatarEnergy and Chevron into exploration blocks operated by Shell, reinforcing global interest in hydrocarbon development …
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KEY POINTS Nigeria’s crude oil production has rebounded significantly, rising from a historic low of 960,000 barrels per day in 2022 to an average of 1.71 million barrels per day, …
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In the NewsMarketsOil & Gas
IEA, IMF and World Bank Chiefs to Meet Monday Over the Worst Energy Crisis in Modern History
The heads of the IEA, IMF and World Bank are meeting Monday to tackle what they call the largest energy supply shock in modern history.
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In the News
Kenya Is Buying More Power From Ethiopia and Uganda as Its Grid Pushes Close to Capacity
Kenya imports over 10 percent of its electricity from neighboring countries as rising demand pushes the national grid dangerously close to capacity limits.
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Tanzania’s electricity demand is growing up to 15 percent a year, driven by industrial expansion, and the country is racing to build capacity ahead of need.
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Eni has struck 2 trillion cubic feet of gas offshore Egypt at the Temsah Concession, offering timely relief as Middle East tensions triple import costs.
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GovernmentIn the News
Tinubu Approves Payment of N3.3 Trillion Debt to 15 Power Plants to Fix Nigeria’s Electricity Crisis
President Tinubu has approved a N3.3 trillion debt settlement to 15 power plants accumulated over a decade, in a bid to restore stable electricity supply