Libya’s government accuses rivals of political blackmail after a significant cut in oil production at the Sharara field.
In the News
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Nigeria’s new CNG initiative, led by President Tinubu, aims to save up to N2 trillion monthly on fuel costs, transitioning to cleaner and cheaper energy sources.
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Venture Global LNG has filed a lawsuit against Kiewit, alleging the unauthorized disclosure of confidential documents to Shell, intensifying the legal disputes over the Calcasieu Pass LNG plant.
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Citgo auction heats up as Carl Icahn-backed CVR Energy and creditor groups compete for control, amid unresolved Venezuela debt claims.
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The JSE fines Eskom R3-million for failing to comply with debt listing requirements, emphasizing transparency and governance.
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The African Development Bank has approved a $500 million loan to boost electricity access in Nigeria, focusing on infrastructure upgrades and renewable energy projects to address chronic power shortages.
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New funding will help ESCOM construct a 132kV transmission line in Malawi, improving power supply and infrastructure.
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Kenya will begin producing electric SUVs next month, creating 3,000 jobs. The Afrigreen and Chery partnership marks a significant step in the EV market.
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Hess shares drop significantly due to a new delay in its sale to Chevron, with arbitration pushing the merger timeline to late 2025 and impacting investor confidence.
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OPEC+ keeps its current oil output policy unchanged, hinting at a possible pause or reversal of planned production hikes in October to stabilize the market.