Tag: Oil and Gas

Sasol commits $36.5 million to local development in Africa by 2030
BusinessHot News

Sasol commits $36.5 million to local development in Africa by 2030

Sasol will invest $36.5 million in local development projects across 70 communities in Mozambique’s Inhambane province by 2030.

Oluwatosin Alao Oluwatosin Alao
Shell Oil and Gas
BusinessHot News

South Africa’s court halts Shell’s Wild Coast oil exploration

Shell Wild Coast oil exploration is blocked by South Africa’s top court after a ruling on public participation and community rights.

Timilehin Adejumobi Timilehin Adejumobi
Oando Plc
Business

Oando targets 100,000 boepd as 62 wells support production growth 

Oando targets 100,000 boepd as 62 wells and 55 interventions support production growth and a 50,000 boepd goal in 2026.

Timilehin Adejumobi Timilehin Adejumobi
NNPC plans Africa energy expansion
BusinessHot News

NNPC plans Africa energy expansion as power demand rises

NNPC plans to expand its role across Africa's energy sector, pursuing new investment, gas development and partnerships as electricity demand continues to rise.

Oluwatosin Alao Oluwatosin Alao
South Africa’s shale gas ambitions face new risks after fault discovery
BusinessHot News

South Africa’s shale gas ambitions face new risks after fault discovery

South Africa’s shale gas plans face fresh scrutiny after scientists discover a fault system in the Karoo Basin linked to potential seismic risks

Oluwatosin Alao Oluwatosin Alao
ADNOC
BusinessHot News

ADNOC Distribution expands in Africa with $1 billion Shell South Africa deal

ADNOC Distribution Shell South Africa deal expands its African footprint through a $1 billion acquisition of Shell's fuel business.

Timilehin Adejumobi Timilehin Adejumobi
Gene Energy Office
BusinessHot News

Genel Energy eyes Egypt expansion in $360 million Capricorn acquisition

Genel Energy Egypt expansion accelerates after its $360 million Capricorn Energy acquisition, strengthening production and growth.

Timilehin Adejumobi Timilehin Adejumobi
Nigeria Joins IEA
BusinessHot News

Nigeria opens new energy chapter with IEA membership

Nigeria IEA membership strengthens energy diplomacy, refining ambitions and Africa's role in global energy policy.

Timilehin Adejumobi Timilehin Adejumobi
South Africa’s Efora Energy faces liquidation as JSE suspends shares
BusinessTechnology

South Africa’s Efora Energy faces liquidation as JSE suspends shares

South Africa’s Efora Energy Limited is set for liquidation after years of name changes, asset sales and strategic shifts that ultimately failed to secure long-term financial stability. The Johannesburg Stock Exchange (JSE)-listed company now finds itself suspended from trading, with uncertainty mounting over its ability to meet obligations.  The development marks a sharp downturn for a group that once positioned…

Oluwatosin Alao Oluwatosin Alao
Mozambique launches $40 million LNG training center in Maputo
BusinessTechnology

Mozambique breaks ground on major technology center to boost innovation

Mozambique launches a $40 million tech center to train local LNG workers and grow Africa’s energy workforce.

Oluwatosin Alao Oluwatosin Alao
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BusinessHot News

Dangote Refinery expansion to add 95,000 jobs at peak

Dangote says refinery expansion to 1.4m bpd will employ 95,000 skilled workers at peak construction in Nigeria

Timilehin Adejumobi Timilehin Adejumobi
Early assessments suggest the reserves could rival the Jubilee field, which transformed Ghana’s oil sector in 2010.
BusinessTechnology

Ghana moves to take control of 1.5 billion-barrel oil asset

At a Glance Ghana is preparing to take direct control of one of its most valuable undeveloped deepwater oil assets, the WCTP2 block. Holding more than 1.5 billion barrels of oil and roughly 1.2 trillion cubic feet of gas, the block is estimated by analysts to be worth over $3 billion. The government sees the move as a way to…

Oluwatosin Alao Oluwatosin Alao