KEY POINTS Eskom has raised fresh alarm over the rapid growth of municipal debt, saying the rising arrears remain the single biggest obstacle to lifting the utility’s credit ratings and …
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KEY POINTS Libya’s National Oil Corporation said it is closing in on the last stage of its long-awaited public exploration bid round, marking a pivotal moment for a sector that …
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KEY POINTS Nigeria’s state oil company, NNPC, is again under pressure after a fresh audit by the Office of the Auditor-General of the Federation detailed more than N684 million in …
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KEY POINTS ExxonMobil has formally resumed work on its long-delayed natural gas project in northern Mozambique, marking its first decisive step back into the troubled region more than four years …
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Energy TransitionIn the News
CrossBoundary Energy Secures 200 Million Dollars to Scale Renewable Projects Across Africa
KEY POINTS CrossBoundary Energy has raised 200 million dollars in additional senior debt to accelerate the roll-out of its renewable energy portfolio across Africa, marking one of the largest financing …
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KEY POINTS Shell is preparing to bring its 404,000-barrel-a-day Pernis refinery in Rotterdam back online before the end of November, following a lengthy maintenance programme that has taken large segments …
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In the NewsOil & Gas
TotalEnergies Raises Stake in Nigerian Offshore Block After Strategic Asset Swap
KEY POINTS TotalEnergies has moved to deepen its presence in Nigeria’s offshore oil sector after signing a set of asset-swap agreements with Conoil Producing Limited, strengthening its control of one …
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In the NewsOil & Gas
ExxonMobil’s Fife Ethylene Plant to Shut After Four Decades as Hundreds Face Redundancy
KEY POINTS ExxonMobil’s decision to wind down operations at its Fife Ethylene Plant in Cowdenbeath has drawn a line under one of Scotland’s most significant industrial landmarks, ending forty years …
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In the NewsOil & Gas
TotalEnergies Pledges 100 Million Dollars to Expand Global Decarbonisation Technologies
KEY POINTS TotalEnergies has committed 100 million dollars to accelerate the development and deployment of technologies aimed at cutting emissions across the oil and gas sector, deepening the company’s involvement …
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KEY POINTS South Sudan says its crude exports have returned to normal levels after recent attacks on energy facilities in neighbouring Sudan temporarily disrupted shipments along the country’s main export …