Energy

By YANGE IKYAA The Board of Directors of the African Development Fund has approved a $5.5 million technical assistance grant to kick-start the roll-out of the flagship Desert to Power Initiative in the Eastern Sahel region countries…
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It is a season of boom for energy-rich countries which are now reaping excess revenues from the spike in crude oil prices as result of the supply crunch caused by Russia’s invasion of Ukraine. However, Africa’s biggest oil producer…
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EU countries still largely depend on Russian oil and gas for their energy supply and can't simply cut themselves off on short notice, Dutch Prime Minister Mark Rutte said on Monday. "Too many refineries in the eastern and western…
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Iraq is one of the poor countries reliant on fossil fuel production that should be given until 2050, the report says Poorest states should be given until 2050, says research aiming to set out fair way of ending fossil fuel economy …
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Apart from retaining its position amongst the leading oil and gas producers in Africa in 2022, Nigeria, with over 37 billion barrels of crude oil reserves, has the potential to improve its energy exports to Europe and help address…
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The Liquefied Petroleum Gas Retailers Branch of the Nigeria Union of Petroleum and Natural Gas workers on Wednesday raised the alarm over the recent rise in price of Liquefied Petroleum Gas, popularly called cooking gas. It said the…
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By YANGE IKYAA To support its growth in electricity and renewables, TotalEnergies is launching TotalEnergies On, an electricity start-up accelerator program at the world’s largest start-up campus, STATION F, in Paris.  The…
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By YANGE IKYAA According to the African Energy Chamber’s (AEC) Q1 2022 Outlook, titled “The State of African Energy,” as the region sees relatively increased project sanctioning activity, 2022-2025 cumulative capital expenditure…
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By YANGE IKYAA The African Development Bank (AfDB) and the Bank’s Sustainable Energy Fund for Africa (SEFA) have approved a combined-equity investment of $20 million in the AfricaGoGreen Fund, a debt fund established to promote…
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By YNAGE IKYAA The Transmission Company of Nigeria has said that the current load shedding being experienced nationwide is as a result of power generation companies (GENCOs) delivering very low power that TCN needs to wheel through…
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