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In the News

  • In the News

    Exxon, Chevron Outperform Q3 Profit Forecasts as U.S. Oil Hits Record

    by Adenike Adeodun November 3, 2024
    by Adenike Adeodun November 3, 2024

    Exxon and Chevron beat third-quarter profit expectations, fueled by record U.S. oil output. With focused expansion in oil and gas, both firms outshone European rivals betting on renewables, setting new …

  • In the NewsOil & Gas

    Enbridge’s Q3 Profit Doubles, Boosted by U.S. Gas Acquisitions

    by Ikeoluwa Juliana Ogungbangbe November 2, 2024
    by Ikeoluwa Juliana Ogungbangbe November 2, 2024

    Enbridge’s Q3 profit doubles from U.S. gas acquisitions and record infrastructure growth projects in North America.

  • In the NewsOil & Gas

    ConocoPhillips Raises Dividend, Expands Buybacks as Q3 Earnings Beat Forecasts

    by Ikeoluwa Juliana Ogungbangbe November 1, 2024
    by Ikeoluwa Juliana Ogungbangbe November 1, 2024

    ConocoPhillips raises dividend, expands buybacks as Q3 earnings beat forecasts, driven by record U.S. shale production and increased output guidance

  • In the NewsMarkets

    Transcorp Power Plans to Add 150MW Electricity Despite Gas Supply Challenges

    by Adedotun Oyeniyi November 1, 2024
    by Adedotun Oyeniyi November 1, 2024

    Transcorp Power to add 150MW via renewable partnerships, while gas supply constraints impact current power generation at major facilities

  • In the News

    Canadian Natural Scales Back Gas Drilling Amid Price Slump

    by Adenike Adeodun November 1, 2024
    by Adenike Adeodun November 1, 2024

    Canadian Natural Resources cuts back on natural gas drilling in response to weak prices, focusing instead on oil sands production and recent acquisitions to reinforce its asset base.

  • In the News

    NTCSA Revises Transmission Plan Amid Generation Capacity Increase

    by Motoni Olodun October 31, 2024
    by Motoni Olodun October 31, 2024

    NTCSA revises its 2024 transmission plan to support South Africa’s increased power capacity, prioritizing infrastructure and renewable energy integration.

  • In the News

    OPEC+ May Delay December Oil Production Increase Over Weak Demand

    by Ikeoluwa Juliana Ogungbangbe October 31, 2024
    by Ikeoluwa Juliana Ogungbangbe October 31, 2024

    KEY POINTS OPEC+ may delay its planned oil production increase in December due to concerns over weak demand and rising supply, four sources close to the matter told Reuters on …

  • In the News

    UK Raises North Sea Windfall Tax to Fund Renewables

    by Adenike Adeodun October 31, 2024
    by Adenike Adeodun October 31, 2024

    The UK government has raised the North Sea windfall tax to 38 percent, extending the levy to March 2030 to support renewable energy projects, drawing both investor optimism and industry …

  • In the NewsMarkets

    The Role of Private Equity in Advancing African Energy Projects

    by Ikeoluwa Juliana Ogungbangbe October 30, 2024
    by Ikeoluwa Juliana Ogungbangbe October 30, 2024

    Private equity in African energy projects provides essential funding, drives renewable growth, and bridges infrastructure gaps for sustainable development across the continent

  • In the News

    Nersa Approves Private Electricity Licenses Despite Eskom Pushback

    by Motoni Olodun October 30, 2024
    by Motoni Olodun October 30, 2024

    Nersa approved private electricity licenses in South Africa, aiming to enhance energy resilience and address chronic power challenges.

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South Africa: Kariega Residents Protest Over Electricity, Water Crisis
Angola and DR Congo plan Africa’s largest Electricity Transmission...
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