Blog
In a significant move to accelerate Nigerian content development, the Nigerian Content Development and Monitoring Board (NCDMB) in partnership with the Nigerian Export-Import Bank (NEXIM) has released $42 million in working capital and project financing to indigenous Small and Medium Enterprises (SMEs) operating in the oil and gas industry. The facility, which exceeds the original […]
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially opened the 2025 Licensing Round, offering 50 high-potential oil and gas blocks across onshore, shallow water, deepwater, and frontier basins in a bid to attract approximately $10 billion in new investments and add up to 400,000 barrels per day of crude oil production. Speaking at the […]
Chevron has further solidified its long-standing global alliance with TotalEnergies through a new deepwater acquisition in Nigeria, marking another milestone in the two energy giants’ expanding cooperation. Star Deepwater Petroleum Limited, a Chevron affiliate, has entered into a definitive agreement to acquire a 40% working interest in Petroleum Prospecting Licenses (PPL) 2000 and PPL 2001 […]
Dangote Petroleum Refinery has pledged to deliver 1.5 billion litres of Premium Motor Spirit (PMS) to the Nigerian market in both December 2025 and January 2026, with supplies increasing to 1.7 billion litres in February 2026. The initiative, equivalent to 50 million litres per day starting 1 December 2025 (rising to approximately 60 million litres […]
As the world races toward net-zero emissions, Africa controls over 30% of the planet’s critical minerals (cobalt, lithium, manganese, graphite and rare earth elements) essential for batteries, electric vehicles, wind turbines and solar panels. Yet, decades of raw material exports have delivered limited prosperity to the continent. At the Africa Climate Summit 2025, held […]
The Liberia Electricity Regulatory Commission (LERC) has officially amended the Distribution License of the Liberia Electricity Corporation (LEC), authorizing the utility to extend its grid and services into new communities across portions of Grand Bassa, Rivercess, and Bong counties. The amended license, formally presented on November 25, 2025, represents a key milestone in the national […]
Traditional authorities in Malawi’s Southern Region have committed to mobilising communities to curb the escalating vandalism of electricity infrastructure, which is placing severe financial and operational strain on the Electricity Supply Corporation of Malawi (ESCOM). The pledge was made on 24 November 2025 at Bvumbwe in Thyolo District during an ESCOM-led stakeholder engagement attended by […]
Nigeria is preparing to launch its 2025 oil and gas licensing round on 1 December 2025, marking the second consecutive annual bidding exercise and reinforcing the Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC) commitment to predictable, transparent upstream governance. Coming just one year after the highly praised fully digital 2024 round, the 2025 exercise is positioned […]
Tony Attah, Managing Director and CEO of Renaissance Africa Energy Company Limited, has called for sustained annual investments of at least $10 billion over the next ten years to resolve Nigeria’s chronic electricity deficit and drive sustainable economic growth. Delivering the keynote address at the University of Ibadan Alumni Association Worldwide Annual Lecture & […]
At a high-level ministerial session during COP30 on 14 November 2025, the African Development Bank Group (AfDB) joined a coalition of leading multilateral banks, investors and industry bodies in formally endorsing a landmark set of six “Climate Finance Principles for Grids” aimed at dramatically scaling up funding for electricity transmission and storage infrastructure worldwide. The […]