Markets

Bowleven, an oil and gas company focused on the Etinde project offshore Cameroon, saw its share price plunge by 58% on Tuesday after warned of a possible cash crunch and …

The European Investment Bank (EIB), in its ongoing efforts to support eco-friendly initiatives, has signed a pivotal Memorandum of Understanding with the prominent African financial establishment, Compagnie Financière Africaine (COFINA). …

Aiming to capitalize on a recent surge in production from a principal African asset, Tullow Oil, which primarily focuses on African operations, is targeting a cash flow of $800 million …

CATEGORY: ENERGY  KCA Deutag, a globally renowned provider of oil and gas services, has once again proven its industry leadership by securing a significant $60 million contract extension in Angola …

Work has started on a 10-megawatt hydro-power station at Lake Gwayi Shangani in Hwange district, near Cross Mabale. This effort is part of a larger government push to increase power …

The Rwanda Atomic Energy Board (RAEB) has partnered with Dual Fluid, a Canadian-German nuclear technology company, to develop a pilot nuclear reactor in Rwanda.  This initiative aims to operationalize the …

Six firms have announced plans for alumina refineries in Guinea, aiming for a combined annual capacity of 11 million tonnes. As Guinea seeks to expand its alumina production and create …

On the occasion of the 63rd anniversary of the Organization of Petroleum Exporting Countries (OPEC), established with foresight in Baghdad on September 14, 1960, Angola took the opportunity to emphasize …

The African continent is making significant strides in the renewable energy sector, particularly in green hydrogen, according to a report by The African Energy Chamber (AEC). Titled “The State of …

Indonesia’s state-owned energy behemoth, Pertamina, is reportedly diversifying its international upstream portfolio through the acquisition of a new oil block in Gabon, West Africa. Pertamina Hulu Energi, a subsidiary of …