In the News

The Iran war is pushing African nations to accelerate renewable energy investments and reduce dependence on imported oil and gas, the AVCA CEO says.

Nigeria’s finance minister says the US-Israel-Iran conflict has triggered major energy shocks, pushing petrol prices up over 50% and squeezing household budgets.

Technip Energies has secured contracts across Gabon, Vietnam and Louisiana, deepening its reach in LNG, cleaner fuels and petrochemicals across three continents.

Private capital investment in Africa grew 8% last year, making it the only region globally to record deal growth amid a broadening shift to clean energy.

KEY POINTS Dangote Group is accelerating its diversification into high-value petrochemicals, with its refinery in Lekki, Lagos set to commence large-scale production of key industrial chemicals used in plastics and …

KEY POINTS The Nigerian Content Development and Monitoring Board, NCDMB, and Seplat Energy Plc have intensified efforts to establish a Centre of Excellence in Gas Development at Delta State University …

KEY POINTS ExxonMobil has reported significant progress in the decommissioning of its offshore assets in the Bass Strait, describing the process as advancing “strongly” as it continues to wind down …

KEY POINTS Sahara Group has positioned liquefied petroleum gas, LPG, as the most practical and immediate solution to Africa’s energy access challenges, amid rising global supply disruptions and infrastructure gaps. …

Petrobras has agreed to buy a 75% working interest in São Tomé and Príncipe’s offshore Block 3, taking operatorship from Oranto Petroleum.

South Africa’s fuel industry is rerouting imports away from the Arabian Gulf, securing April-to-June shipments from West Africa, the Atlantic Basin and Asia.