In the News

Kenya’s new net-metering regulations allow consumers to sell excess energy back to the grid, boosting renewable energy use.

PPC Ltd has signed an agreement to power its Slurry and Dwaalboom plants with solar energy, marking a significant step in the company’s sustainability efforts.

South Africa’s grid to gain 2,500MW, easing loadshedding, with improved power stations leading the way.

Japan injects $500M to upgrade Nigeria’s power infrastructure, targeting key industrial areas for reliable electricity and economic growth.

OPEC has reduced its 2024 global oil demand growth forecast due to weaker-than-expected demand from China, complicating decisions for the OPEC+ group on whether to increase production later this year.

Chevron has reached a groundbreaking milestone by producing oil from the Anchor field in the Gulf of Mexico under ultra-high pressure conditions, setting a new standard in deepwater extraction technology.

Dangote Refinery calls on NUPRC to enforce the domestic crude supply obligation under the PIA to optimize operations.

Petrobras may issue extraordinary dividends in 2024 if conditions allow, despite a recent net loss. The company remains focused on balancing payouts with future investments.

Indonesia lowers its local content requirement for solar power projects to 20%, aiming to boost renewable energy capacity and attract foreign investment.

Edo Refinery faces shutdown due to crude oil supply delays, calling on NNPCL for immediate intervention to start production.