Oil prices jumped 3% as Libya’s production cuts and Middle East tensions heighten supply concerns, causing market fluctuations.
In the News
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As the world shifts to renewable energy, Africa’s minerals are in high demand. Learn how responsible mining can drive a sustainable energy future while benefiting local communities.
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Ngozi Okonjo-Iweala demands immediate action against crude oil theft in Nigeria, urging the use of technology to protect national assets.
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Nigeria’s multimillion-dollar oil surveillance contracts have sparked controversy, raising questions about transparency and potential duplication.
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Sinopec posts a 2.6% profit increase in the first half of 2024, driven by record oil and gas production, while shifting focus to LNG and EV charging to combat weak domestic demand.
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Oil prices jumped over 2% as the Federal Reserve hinted at potential interest rate cuts, sparking optimism in a market facing global economic uncertainty.
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Energy TransitionIn the News
Telcos Invest Billions to Protect Networks From Theft, Power Cuts, and Climate Risks
South Africa’s telecom giants invest heavily to protect networks from power cuts, theft, and climate risks, ensuring reliable services.
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Africa could lead the global green hydrogen market, but success depends on overcoming transport and investment challenges.
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Kenya’s government plans to provide electric vehicles to police officers, marking a significant step in the country’s transition to sustainable transport.
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The Tilenga and Kingfisher oil projects in Uganda have achieved significant milestones, advancing the country’s goal of becoming a major oil producer by 2025.