Russia admitted to exceeding its oil production quota for April, attributing it to technical challenges. This surprise move casts doubt on Russia’s commitment to coordinated production cuts with OPEC+, a key group of oil-producing nations. The development comes ahead of a crucial OPEC+ meeting in June to determine future production policy.
In the News
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Africa’s energy transition requires strong policies and partnerships to overcome challenges and leverage opportunities for sustainable development.
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Despite Eskom’s grid reservation for public IPPs, over 130 private projects totaling 22.5 GW will proceed, ensuring significant investment in South Africa’s energy sector.
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Vivo Energy announces a R10 billion investment to expand its operations in South Africa, creating jobs and driving economic growth through enhanced infrastructure and service stations.
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U.S. legislators have requested a DOJ investigation into major oil companies accused of deceiving the public about the climate impacts of fossil fuels.
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Eskom CEO Dan Marokane outlines significant energy progress and ongoing challenges at Enlit Africa 2024, emphasizing the delicate balance between current operations and future sustainability.
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Kenya excels as a leader in geothermal energy, showcasing its potential to address energy poverty and climate change across Africa.
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The European Union wrestles with imposing new sanctions on Russia, including a potential first-ever ban on liquefied natural gas (LNG) exports. The bloc seeks to cripple the Russian economy but worries about the impact on its own energy security. Negotiations continue as the EU races to finalize the package before Hungary takes over the presidency.
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Despite celebrating 54 days without loadshedding, South Africa faces ongoing threats to its energy supply, with Eskom tackling overburdened transformers and rampant illegal connections.
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Facing significant hydroelectric power reductions, Zambia’s mines, including First Quantum, are actively securing alternative energy sources to maintain operations.