In the News

Nigeria’s electricity distributors billed N268 billion in January 2026 but collected only N204 billion, widening a structural crisis across the power sector.

Olakunle Williams built a billion-dollar gas empire in five years. Here is how Tetracore Energy Group became one of Africa’s most powerful energy companies.

KEY POINTS Global oil prices rose on Thursday as doubts over the durability of a ceasefire in the Middle East raised concerns that energy shipments through the strategic Strait of …

KEY POINTS National Oil Corporation, NOC, has announced three new oil and gas discoveries in partnership with major energy companies from Italy, Spain, and Algeria, according to statements released by …

KEY POINTS Uruguay’s offshore energy sector has attracted new international players following the entry of QatarEnergy and Chevron into exploration blocks operated by Shell, reinforcing global interest in hydrocarbon development …

KEY POINTS Nigeria’s crude oil production has rebounded significantly, rising from a historic low of 960,000 barrels per day in 2022 to an average of 1.71 million barrels per day, …

The heads of the IEA, IMF and World Bank are meeting Monday to tackle what they call the largest energy supply shock in modern history.

Kenya imports over 10 percent of its electricity from neighboring countries as rising demand pushes the national grid dangerously close to capacity limits.

Tanzania’s electricity demand is growing up to 15 percent a year, driven by industrial expansion, and the country is racing to build capacity ahead of need.

Eni has struck 2 trillion cubic feet of gas offshore Egypt at the Temsah Concession, offering timely relief as Middle East tensions triple import costs.