Turkey’s Cagri Bey drillship has reached Somalia’s Curad-1 offshore well, marking the country’s first active oil exploration and triggering transparency demands
In the News
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Energy TransitionGovernmentIn the News
Ethiopia and Russia Seal Nuclear Energy Roadmap as Addis Ababa Eyes Its First Reactor
Ethiopia and Russia signed a nuclear energy development roadmap March 31, pushing Addis Ababa closer to its first reactor as hydropower risks mount
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In the NewsOil & Gas
India Eyes Nigeria for More Oil and LPG as Hormuz Crisis Upends Global Energy Supply
India is turning to Nigeria as a strategic energy partner as Strait of Hormuz disruptions from the US-Israel-Iran conflict reshape global supply routes
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GovernmentIn the News
World Bank, Partners Launch Private Sector Council to Electrify 300 Million Africans
The World Bank, African Development Bank and Rockefeller Foundation launched a private sector council to electrify 300 million Africans by 2030
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In the NewsMarketsOil & Gas
Microsoft, Chevron, Engine No. 1 Sign Exclusive Power Deal to Support AI Data Center Expansion
KEY POINTS Microsoft, Chevron and investment firm Engine No. 1 have entered into an exclusivity agreement to develop power generation and supply projects, as technology companies scramble to secure electricity …
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In the NewsOil & Gas
NMDPRA Seeks World Bank Backing to Mobilise $22bn for Africa Gas Infrastructure
KEY POINTS The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has called on the World Bank to support efforts to mobilise about $22 billion to bridge Nigeria’s gas infrastructure …
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KEY POINTS AGOCO has resumed production at its stalled Nafoura well, now yielding 1,200 barrels per day (bpd). Chairman Mohamed Ben Shatwan revealed that the company is pursuing modern U.S. …
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KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has raised crude oil allocations to the Dangote Petroleum Refinery and Petrochemicals, scheduling seven cargoes for May loading. This is an …
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Afreximbank has underwritten $2.5 billion of a $4 billion syndicated loan for Dangote Refinery, the largest single commitment in the deal.
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In the NewsMarketsOil & Gas
Oil Prices Jump Over 1% as Middle East Tensions Keep Global Markets on Edge
Oil prices climbed over 1% as Middle East tensions and supply disruption fears kept global markets on edge, with Brent crude topping $105 a barrel.