Markets

The necessity for an electricity subsidy in Nigeria comes into sharp focus as the Association of Electricity Distributors of Nigeria (ANED) stresses its indispensability for affordable power. ANED emphasizes that …

In a significant leap towards rural electrification, the Rural Electrification Agency (REA) has formed a strategic partnership with the Africa Mini-grid Developers Association (AMDA). The groundbreaking Memorandum of Understanding, signed …

Embracing a Sustainable FutureHeirs Holdings Oil & Gas Limited, a key player in Africa’s energy scene, has rebranded to Heirs Energies Limited, a strategic move signaling its commitment to innovative …

Nigeria, Africa’s largest oil producer, struggles to keep its petrol prices affordable amid rising global crude oil prices and depreciating naira. But another factor is adding to the cost of …

Oil prices surged on Thursday, reaching their highest levels since 2014, as the US imposed sanctions on two shipping companies for violating a price cap on Russian crude exports. The …

The Shell Petroleum Development Company (SPDC) confirmed an October 3 oil spill at its Peremabiri flow station in Bayelsa State. This leakage has extensively damaged numerous farmlands and the marine …

Uganda has suspended all operations at the Kingfisher oilfield, a major project run by the Chinese state-owned CNOOC, following a fatal accident on October 6. The Petroleum Authority of Uganda …

Africa’s Battery Energy Storage Systems (BESS) market, despite its vast potential, remains largely untapped, necessitating a more strategic approach. While global projections indicate substantial growth in the Battery Energy Storage …

Germany and Namibia recently negotiated on green hydrogen production. Their goal? To help both Germany and Europe meet their climate targets and to set Namibia on a decarbonization path. These …

The OPEC+ group of oil-producing countries has decided to maintain its current output reduction strategy until the end of the year despite the global market rout that has sent oil …