In the News

Zambia partners with China to build three solar power plants, aiming to generate 220MW by 2026 and tackle the country’s energy crisis

KEY POINTS In a major step towards South Africa’s green future, the European Investment Bank (EIB) and FirstRand Bank have announced a joint initiative to boost renewable energy infrastructure and …

South Africa’s Energy Minister, Kgosientsho Ramokgopa, seeks expert advice to determine the viability of nuclear energy in addressing the country’s energy crisis.

Hurricane Francine disrupts Louisiana energy hubs and agricultural exports as it nears landfall, halting oil production and closing key ports.

The IEA has reduced its 2024 oil demand forecast by 7.2%, citing China’s economic slowdown and the global shift towards cleaner energy sources.  

Brent crude falls below $70, adding pressure on Nigeria’s economy and currency while raising hopes for lower petrol prices.

OPEC reduces its global oil demand growth forecast for 2024, with weaker demand from China and the adoption of cleaner fuels affecting market outlook.

Italy is considering lifting its nuclear energy ban, with plans to draft new legislation by 2025, potentially transforming its energy landscape.  

China’s transition to greener fuels and a sluggish economy have led to slower oil demand growth, according to experts at the APPEC conference.  

NNPC and Chevron have signed a deal to convert five JV assets to Petroleum Industry Act terms, aiming to boost oil production to 165,000 barrels per day by 2024.