In the News

Nigeria’s REA signs six MOUs to enhance energy access, targeting 1,265MW capacity through renewable energy projects in rural and peri-urban areas.

Oil prices rebound with U.S. crude stockpiles dropping and interest rate cut prospects improving, signaling potential economic growth and increased demand for oil.

Texas oil companies and utilities are scrambling to restore operations and power after Hurricane Beryl caused significant disruptions across the Gulf Coast.

South Africa’s energy sector faces significant challenges with plans underway for major reforms and renewable energy expansions.

Benin’s new electricity project brings reliable lighting to 13 cities, enhancing economic activity and improving residents’ quality of life.

South Africa’s oil refineries urgently need ZAR 40 billion in investment to meet new clean fuel standards by 2026, according to SAPIA.

Exxon Mobil Corp. (XOM) lowered profit expectations for the second quarter of 2024, citing lower refining margins and natural gas prices. The company expects earnings per share to be between …

Eskom anticipates a significant loss but sees potential for profit as it cuts diesel use and stabilizes power supply.

Oando Energy underscores the need for Nigeria to boost crude oil extraction to support economic growth amidst global energy shift pressures.

Eskom achieves 100 consecutive days without load shedding, highlighting improved performance and reliability through strategic initiatives in South Africa.