In the News

Oil prices steadied on Friday and headed for weekly gains, with Brent at $105.92, as Middle East ship attacks and a US stock draw outweighed an IEA diesel release.

Algeria’s ALNAFT is offering seven onshore blocks at African Energy Week, with more than 50 companies registered and bids due in January.

KEY POINTS TotalEnergies has reaffirmed its long-term commitment to Nigeria, citing fresh investments in gas development, efforts to reduce emissions and more than six decades of operations in the country’s …

KEY POINTS South Africa’s state-owned electricity utility, Eskom, is preparing for a major transformation as the country moves towards a more competitive electricity market, ending more than a century of …

The $5 billion Africa Energy Bank, set up by APPO and Afreximbank, will start financing projects in 2027 and become operational within weeks, APPO’s secretary general says.

Brent fell about 1.6% to near $104 a barrel as Hormuz shipping attacks clashed with a US plan to ease sanctions on oil vessels.

KEY POINTS Nigeria’s crude oil production rose to 1.72 million barrels per day in September 2026, marking the fifth consecutive month the country met its OPEC production quota, according to …

KEY POINTS The Coalition for Good Governance, CGG, has praised the Nigerian National Petroleum Company Limited, NNPCL, for offering a ₦66-per-litre petrol discount, describing the initiative as a timely intervention …

South Africa plans to procure 5 GW of gas-fired power and 4.6 GW of battery storage as the first allocations under its Integrated Resource Plan 2025.

A solar initiative training displaced and host community youth in Cameroon’s conflict regions has been named a finalist in the UN SDG Action Awards.