Eskom has named Thyspunt on South Africa’s Eastern Cape coast as the preferred site for its proposed 5,200-megawatt nuclear power station.
In the News
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Olusegun Obasanjo urged Africa to build its own energy pipelines and stop relying on foreign supply chains disrupted by wars far from the continent.
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TotalEnergies has struck oil at the Moho license offshore Congo, combining two nearby finds into a 100 million barrel development prospect.
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In the NewsOil & Gas
Nigeria’s Ex-Oil Minister Diezani Denies All Six Bribery Counts at London Trial
Former Nigerian petroleum minister Diezani Alison-Madueke took the witness stand Monday, telling a London jury she never solicited or accepted bribes.
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Africa holds 7 to 8 percent of global oil reserves but still imports billions in refined fuel. Here are the 10 biggest refineries changing that.
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Ghana is cutting fuel taxes within a week as the Iran conflict pushes petrol prices up 15 percent and diesel up 19 percent nationwide.
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In the News
World Bank Tells Nigeria to Restore Fuel Import Licenses and Break Dangote Refinery’s Market Grip
The World Bank wants Nigeria to reinstate petrol import licenses, warning that Dangote Refinery’s market dominance threatens competition and consumer protection.
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In the News
Oando Plans $750 Million Drilling Campaign That Could Triple Its Oil Production in Nigeria
Oando Plc is raising $750 million to drill up to 100 wells, a campaign its CEO says could triple the company’s oil production.
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KEY POINTS TotalEnergies has confirmed that one of the processing units at the SATORP refinery in Saudi Arabia was damaged during overnight incidents earlier in the week. The company said …
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In the NewsMarketsOil & Gas
Shell Flags Q1 Gas Output Decline, Liquidity Pressure Amid Middle East Tensions
KEY POINTS Shell plc has projected a decline in its first-quarter gas production alongside a significant short-term strain on liquidity, largely driven by disruptions linked to the ongoing tensions involving …