In the News

The Nigerian House demands an audit before approving NNPCL’s plans to mortgage future crude oil assets amid financial scrutiny.

Oil prices surged nearly 3% due to escalating Middle East tensions and a significant drop in U.S. crude stockpiles, highlighting the volatile nature of global energy markets.

An aerial survey reveals that U.S. oil and gas fields emit methane at rates four times higher than federal estimates, indicating a much greater climate impact.

South Africa embraces steam turbines for sustainable energy, enhancing self-sufficiency and reducing carbon footprints in local industries.

Solar energy systems in three Ghanaian hospitals ensure continuous electricity, improving healthcare services.

Nigeria ends the oil-for-naira market, adopting a transparent system for crude oil sales. The reform aims to improve transparency and attract investment in the oil sector

US oil and gas mergers hit $30 billion in Q2 2024, with major deals like ConocoPhillips’ bid for Marathon Oil driving significant industry activity and consolidation.

Brazilian prosecutors demand Ibama respond to Petrobras’ Amazon drilling license request, spotlighting the clash between economic development and environmental conservation.

South Africa announces electricity tariff review to tackle affordability crisis affecting poor households.

Nigeria identifies a 20GW market opportunity in distributed energy resources, aiming to improve power supply and boost renewable projects.