Tag: Africa energy

Trafigura seals $1 billion Gabon oil deal, secures supply, boosts funding
BusinessTechnology

Trafigura pays $1 billion for Gabon oil, tightening grip on Africa output

Singapore-based commodities trader Trafigura has agreed to a $1 billion prepayment deal with Gabon, securing future crude supplies in a move that highlights the growing use of oil-backed financing across Africa.  The agreement gives Gabon immediate access to funds at a time when many resource-rich economies are looking for ways to steady public finances and fund development without taking on…

Oluwatosin Alao Oluwatosin Alao
BP oil ang gas
Hot News

BP expands Africa oil bet with stake in Namibia offshore blocks

BP expands into Namibia’s Walvis Basin, acquiring offshore stakes from Eco Atlantic as Africa’s oil frontier heats up.

Timilehin Adejumobi Timilehin Adejumobi
Solar mini-grid
BusinessHot News

Why Africa’s solar mini-grids are beating national utilities

Across Africa, solar mini-grids are disrupting weak utilities, unlocking faster electrification and reshaping energy access.

Timilehin Adejumobi Timilehin Adejumobi
Worker operating at Seplat Energy's Oben OML 4
BusinessHot News

Nigeria’s Seplat Energy faces strike as output expansion plan advances

Seplat Energy confronts operational disruption from a strike, putting pressure on output targets and supply stability

Timilehin Adejumobi Timilehin Adejumobi
BP ENERGY
BusinessHot News

BP to invest $1.5 billion in Egypt gas projects amid Africa energy push

BP plans $1.5B Egypt gas investment, strengthening regional hub status.

Timilehin Adejumobi Timilehin Adejumobi
TotalEnergies restarts Libya’s Mabruk oil field after nearly 10 years.
BusinessTechnology

TotalEnergies reopens Libya oil field after decade, boosting Africa output

TotalEnergies has resumed production at Libya’s Mabruk oil field, bringing a key asset back online nearly 10 years after it was shut down during conflict. The restart adds fresh supply to Africa’s oil market and points to improving conditions for energy investment in the country.  The return of output reflects Libya’s slow recovery after years of disruption that forced international…

Oluwatosin Alao Oluwatosin Alao
The dual-site plan is intended to balance grid stability with direct industrial demand. 
BusinessTechnology

Ghana enters nuclear power race with plant construction plan

At a Glance Ghana is preparing to make its biggest shift in energy policy in a generation, with plans to break ground on its first nuclear power plant by 2027. The project is aimed at easing chronic power shortages and supporting fast-rising industrial demand.  For a country that still leans heavily on hydropower and gas-fired plants, the move signals a…

Oluwatosin Alao Oluwatosin Alao
Africa's top two LNG producers eye joint export push
BusinessHot News

Africa’s top two LNG producers plot joint energy push after Gastech talks

Egypt and Nigeria plan joint LNG and energy projects after Gastech talks, aiming to boost African gas exports.

Feyisayo Ajayi Feyisayo Ajayi