TotalEnergies has resumed its $20 billion Mozambique gas project after a five-year suspension, reigniting both hopes for prosperity and frustration over unfulfilled community promises.
In the News
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President Tinubu praised the REA as Nigeria inaugurated its largest solar hybrid mini-grid projects in North-Central, providing clean power to over 5,000 households.
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In the NewsMarketsOil & Gas
Shell Suspends $3bn Share Buyback Ahead of $16.4bn ARC Resources Deal Vote
KEY POINTS British energy giant Shell has temporarily halted its $3 billion share buyback programme as it prepares for a crucial shareholder vote related to its proposed acquisition of Canadian …
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KEY POINTS Libya’s National Oil Corporation (NOC) has intensified efforts to increase the country’s crude oil production by partnering with global oilfield services company SLB to develop its marginal oil …
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Tanzania has scrapped taxes on electric vehicles, compressed natural gas and charging equipment in its 2026/27 budget to accelerate its clean energy transition.
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Nigeria’s TCN has told lawmakers the national grid can handle more power than it has ever received and needs stronger legal protection against vandalism.
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KEY POINTS The Nigerian National Petroleum Company Limited, NNPC, has stepped up collaboration with security agencies to combat rising cases of pipeline vandalism and protect critical oil and gas infrastructure …
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In the NewsOil & Gas
Dangote Refinery Plans $1 Billion Private Debt Raise to Fund Massive Expansion Drive
KEY POINTS Dangote Petroleum Refinery is moving to strengthen its balance sheet and accelerate its long-term expansion plans by raising about $1 billion through a private debt placement. The fundraising …
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KEY POINTS The Johannesburg Community Action Network, Joburg CAN, has called on Eskom, the City of Johannesburg, andCity Power to urgently publish the full details of any agreement aimed at …
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KEY POINTS Nigeria’s crude oil production rose to an average of 1.53 million barrels per day (bpd) in May 2026, marking a 2.8% increase from April’s 1.489 million bpd, according …