Africa Energy International

Nigeria: Fuel tanker explosion claims at least 70 lives

At least 70 people have died in north-central Nigeria after a gasoline tanker overturned in the early hours of Saturday and exploded as locals attempted to salvage its fuel. According to eyewitnesses, community members rushed to the scene once the tanker crashed, hoping to collect leaking gasoline for personal use. A generator was then started […]

Emerging Markets Energy Headlines Libya

Libya: National Oil Corporation head resigns over health issues, acting Chief appointed

Farhat Bengdara, the head of Libya’s National Oil Corporation (NOC), has resigned due to health concerns, and Masoud Sulaiman has been appointed as the acting chief, the state-owned company confirmed on Thursday January 16. The resignation was accepted by Abdulhamid al-Dbeibah, head of the Government of National Unity, with Sulaiman now overseeing operations until a […]

Africa Americas Business Energy Headlines International

US start-up KoBold Metals, backed by Gates and Bezos, raises $537M in race for Africa’s rare metals

In a remarkable move, the billionaire duo — Bill Gates and Jeff Bezos — have joined forces, pumping $537 million into mining ventures targeting rare metals across Africa. KoBold Metals, a US mining start-up backed by investors including Microsoft’s Bill Gates and Amazon’s Jeff Bezos, has raised $537 million in its latest Series C funding […]

Energy Headlines Libya

Libya: PFG calls for heightened readiness at Al-Wafa oilfield amid unspecified threat

The Petroleum Facilities Guard (PFG) – Southwest Branch of Libya- has called on all brigades responsible for securing the Al-Wafa oilfield to increase their level of readiness in response to what it described as “a matter of utmost importance.” The PFG urged all brigades to deploy to the field to bolster its protection, although the […]

Africa Energy Headlines International

Ghana’s new president vows to end power crisis

Ghana’s newly elected President, John Dramani Mahama, has pledged to address the country’s long-standing power crisis, which has plagued the nation for the past decade. Sworn into office just over a week ago, President Mahama has already engaged with the various Independent Power Producers (IPPs) operating in the country, assuring them of his commitment to […]

Africa Energy Features International

Shell’s write-down of Namibia’s offshore oil discovery ‘merely speed bump, not road block’

In a blow to Namibia’s efforts to become a crude producer, the British energy giant Shell has announced a $400 million write-down related to an offshore oil discovery in the southern African nation, citing concerns about the project’s commercial viability, There have been several oil explorations by major oil conglomerates in Namibia in recent years, […]

Business Emerging Markets Energy Features Headlines

South Sudan restores crude oil production and export via Sudan as force majeure is lifted

The South Sudanese government and key oil companies have jointly announced the resumption of oil production and export at its Blocks 3 and 7 in the Upper Nile State with an initial output target of 90,000 barrels of crude oil per day. In a joint statement Tuesday (7 January), they said that normal operations have […]

Africa Business Emerging Markets Energy Headlines International

Senegal produces above target 16.9 mln barrels of oil in 2024

Senegal’s Sangomar offshore oil and gas field has produced 16.9 million barrels in 2024, surpassing its 11.7 million target, according to official figures. Sangomar field, about 100km south of Dakar, achieved its first oil production in June 2024 and is expected to pump at least 100,000 barrels daily. The project is a joint venture between […]

Emerging Markets Energy Headlines Mauritania

Mauritania has officially become a gas-producing country

Mauritania has officially become a gas-producing country, as announced by the Minister of Energy earlier on December 31, 2024. The milestone was achieved with the opening of the first natural gas well at the Grand Tortue Ahmeyim (GTA) field, marking a decisive step in the development of this major cross-border energy project. The first drop […]

Africa Emerging Markets Energy Headlines International

ENI starts oil and gas production offshore Côte d’Ivoire

Italian energy giant ENI started phase 2 of oil and gas production in the offshore Balaine field, which helps Côte d’Ivoire consolidate its role as a producing country on the global energy scenario, strengthening access to energy on a national scale. “Thanks to this milestone, production will reach 60,000 barrels of oil per day and […]