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In the News

  • In the News

    Canadian Natural Scales Back Gas Drilling Amid Price Slump

    by Adenike Adeodun November 1, 2024
    by Adenike Adeodun November 1, 2024

    Canadian Natural Resources cuts back on natural gas drilling in response to weak prices, focusing instead on oil sands production and recent acquisitions to reinforce its asset base.

  • In the News

    NTCSA Revises Transmission Plan Amid Generation Capacity Increase

    by Motoni Olodun October 31, 2024
    by Motoni Olodun October 31, 2024

    NTCSA revises its 2024 transmission plan to support South Africa’s increased power capacity, prioritizing infrastructure and renewable energy integration.

  • In the News

    OPEC+ May Delay December Oil Production Increase Over Weak Demand

    by Ikeoluwa Juliana Ogungbangbe October 31, 2024
    by Ikeoluwa Juliana Ogungbangbe October 31, 2024

    KEY POINTS OPEC+ may delay its planned oil production increase in December due to concerns over weak demand and rising supply, four sources close to the matter told Reuters on …

  • In the News

    UK Raises North Sea Windfall Tax to Fund Renewables

    by Adenike Adeodun October 31, 2024
    by Adenike Adeodun October 31, 2024

    The UK government has raised the North Sea windfall tax to 38 percent, extending the levy to March 2030 to support renewable energy projects, drawing both investor optimism and industry …

  • In the NewsMarkets

    The Role of Private Equity in Advancing African Energy Projects

    by Ikeoluwa Juliana Ogungbangbe October 30, 2024
    by Ikeoluwa Juliana Ogungbangbe October 30, 2024

    Private equity in African energy projects provides essential funding, drives renewable growth, and bridges infrastructure gaps for sustainable development across the continent

  • In the News

    Nersa Approves Private Electricity Licenses Despite Eskom Pushback

    by Motoni Olodun October 30, 2024
    by Motoni Olodun October 30, 2024

    Nersa approved private electricity licenses in South Africa, aiming to enhance energy resilience and address chronic power challenges.

  • In the News

    BP Profits Plunge Amid Low Oil Demand, Refining Weakness

    by Adenike Adeodun October 30, 2024
    by Adenike Adeodun October 30, 2024

    BP’s third-quarter profits hit a four-year low at $2.3 billion, as declining oil demand and weak refining margins weigh on the energy giant. Rising debt levels and a strategic pivot …

  • In the NewsOil & Gas

    Mexico Oil Tanker Heads to Cuba Amid Crisis

    by Ikeoluwa Juliana Ogungbangbe October 29, 2024
    by Ikeoluwa Juliana Ogungbangbe October 29, 2024

    Mexico sends 400,000 barrels of oil to aid Cuba’s energy crisis following grid collapse and hurricane impact

  • In the News

    South Africa to Seek $13 Trillion Annual Climate Finance Commitment at COP29

    by Motoni Olodun October 29, 2024
    by Motoni Olodun October 29, 2024

    South Africa will advocate for a $13 trillion annual global climate finance commitment at COP29, emphasizing support for developing countries’ climate goals.

  • In the News

    Africa’s Role in Global Lithium Supply Chains

    by Adenike Adeodun October 29, 2024
    by Adenike Adeodun October 29, 2024

    Africa’s abundant lithium reserves are essential to the global clean energy transition, with investment focused on processing and overcoming infrastructure gaps.

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Nigeria’s Oil Boom: Record Production in September 2023

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Egypt Exports LNG Shipment to Greece for Shell as...
Koeberg Nuclear Power Station Unit 2 Marks 40 Years...
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