U.S. climate envoy John Kerry cautioned against investing in long-term gas projects in Africa as countries in the region, some hoping to tap recent oil and gas discoveries, wrestle with Continue Reading
Africa, which is home to many of the most climate-vulnerable countries, needs to make its fair share of efforts to reduce global emissions and curb temperature rise, the U.S. Special Continue Reading
Nigeria has continued to waste the rare opportunity presented by the global rise in oil prices to grow its economy like other oil-producing countries, London-based The Economist has stated. While Continue Reading
South Africa’s state-owned power utility has implemented power cuts on 100 days in 2022, with more to come. Eskom Holdings SOC Ltd. ramped up outages to so-called stage-4 load shedding, Continue Reading
Oil rigs Abuja, Nigeria — Nigeria has lost its position as Africa’s top oil producer to Angola, industry insiders say, and could soon become third after Libya. Oil analysts say Continue Reading
South African government plans to end recurring power cuts could take at least a year to deliver results, a top executive at struggling utility Eskom said on Monday. Africa’s most Continue Reading
Nigeria’s oil sector challenges appear to be worsening, with production hitting a record low of 972,394 barrels per day in August, according to data obtained from the Nigerian Upstream Petroleum Continue Reading
Blackouts, long a problem in South Africa, reached a new level of crisis in recent months, affecting every facet of life. South Africans call it “loadshedding.” The state-owned power supplier, Continue Reading
Oil theft Between January and July, Nigeria, Africa’s biggest oil producer, lost an average of 437,000 barrels of oil a day to criminals. Last week, the Group Managing Director of Continue Reading
Italian energy group Eni (ENI.MI) said on Wednesday it had agreed to acquire BP’s (BP.L) business in Algeria, including two major gas fields. Eni said it would take BP’s stakes Continue Reading
