Latest Stories
BP plans full exit from UK North Sea
CEO Meg O’Neill said the company has become “spread relatively thin” and owns too many assets to manage and fund competitively.
Fitch affirms Energy Development Oman at BBB-; Outlook stable
Fitch Ratings affirmed on August 4 the Long-Term Issuer Default Rating (IDR) of Energy Development Oman SAOC (EDO) at ‘BBB-’ with a Stable Outlook, underscoring the company’s strategic importance as Oman’s national energy company.
Oman's Petrogas targets first gas from UK North Sea in Q2 2029
Oman-based Petrogas is targeting first gas in the second quarter of 2029 from its proposed Abbey and Baker development in the UK southern North Sea.
Nigeria’s electricity collections rise to $136mn as recovery weakens
Nigeria’s electricity distribution companies collected $136mn from customers in May, up 2.2% from the previous month, although their revenue-recovery performance weakened, the Nigerian Electricity Regulatory said.
Mozambique’s HCB plans $1.37bn hydropower upgrade after severe drought
Mozambique’s HCB plans to invest $1.37bn over the next decade to modernise the Cahora Bassa hydropower complex, extend its operating life, and increase capacity by 110 MW.
Hindustan Petroleum buys 2mn barrels of Nigerian crude for Rajasthan refinery
India’s Hindustan Petroleum Corporation Limited has bought 2mn barrels of Nigerian Utapate and Okwuibome crude for delivery in late September.
Nigeria’s Seplat Energy 1H26 profit jumps 498% to $164mn as NNPCL deal boosts payouts
Nigeria’s Seplat Energy Plc (LSE: SEPL; NGX: SEPLAT) saw profit after tax surge 498% year on year to $164mn in 1H26, supported by higher crude oil prices, increased production and improved operating performance
Nigeria approves proposed $4.5bn Project Gazelle refinancing
Nigeria has approved a proposed $4.5bn refinancing of Project Gazelle that could repay $1.5bn in outstanding debt, unlock $3bn in fresh liquidity and reduce pledged crude volumes by 12.5%.
ADNOC Distribution posts 59% profit surge in H1
ADNOC Distribution reported in its latest earnings release a 59% y/y jump in net profit to $568mn in the first half of 2026.
Mozambique’s government probes renewed fuel shortages after weeks of stable supplies
Mozambique is investigating the causes of fuel shortages that have resurfaced in several parts of the country, after weeks of relatively stable supplies following a disruption earlier this year.
Dangote refinery targets $5bn IPO by October in potential African record
Dangote Petroleum Refinery & Petrochemicals is seeking to raise up to $5bn through an initial public offering (IPO) expected to conclude by October, in a deal that could become Africa’s largest stock market listing
Mali targets $883mn mining windfall as gold controls tighten
Mali could reportedly raise as much as $883mn under its revised mining regime to finance energy, water and transport projects, while tightening controls over artisanal gold exports.
South Africa advances electricity market reforms with independent transmission operator plan
President Ramaphosa has endorsed the Phase I report of the Eskom Restructuring Task Team, which set out recommendations for creating a state-owned Transmission System Operator separate from Eskom.
Vaca Muerta fracture activity slows in July as YPF retains leading share
Hydraulic fracturing activity in Argentina’s Vaca Muerta shale formation fell to 2,010 stages in July from 2,760 in June, the lowest monthly level of 2026, although state-controlled YPF accounted for more than half of all operations.
Argentina authorises Genneia’s 300 MW Sol del Valle solar project to join power market
Argentina’s Energy Secretariat has authorised renewable energy company Genneia to enter the wholesale electricity market as a generating agent for the 300 MW Sol del Valle solar park in Catamarca province.
Argentina approves $360mn Compañía Mega gas-processing investment under RIGI
Argentina has approved Compañía Mega’s entry into the country’s incentive regime for large investments (RIGI), allowing a $360mn project to expand natural gas liquids processing capacity in a move aimed at supporting the growth of Vaca Muerta.
Argentina's YPF backs share split to attract retail investors, CEO says
Argentina's state energy firm YPF is using a 10-for-1 share split to broaden its retail investor base and make the company more accessible to ordinary Argentines, Chief Executive Horacio Marín said at the Forbes Energy Summit 2026.
South Korea plans to start importing Argentine crude in 2027
South Korea plans to begin importing crude oil from Argentina in 2027 with initial purchases of about 880,000 barrels as Seoul seeks to diversify energy supplies away from the Middle East.
Vaca Muerta fracture activity slows in July while YPF maintains leading position
Hydraulic fracturing activity in Argentina’s Vaca Muerta shale formation slowed sharply in July, with 2,010 fracture stages completed compared with 2,760 in June.
Mainstream starts commercial operations at 50-MW Ilikwa solar plant in South Africa
Mainstream Renewable Power has started commercial operations at its 50-MW Ilikwa solar photovoltaic plant in South Africa’s Free State province, supplying electricity through the grid to multiple commercial and industrial customers.
Malawi commissions first 20-MW standalone grid battery
Malawi has commissioned its first standalone utility-scale battery energy storage system, a 20-MW/40-MWh facility designed to stabilise the national grid and allow greater use of renewable electricity.
Uganda gains veto rights over Kenya Pipeline CEO as strategic stake reshapes governance
Uganda has secured veto powers over the appointment and removal of the chief executive of Kenya Pipeline Company (NSE:KPC) after acquiring a strategic minority stake that also gives it two seats on the company's board
Kazakhstan considers building SAF plant in Alatau City with Hong Kong investor
Kazakhstan is considering building a sustainable aviation fuel (SAF) plant in Alatau City in partnership with Hong Kong investment firm Full Vision Capital.
Indian state owned hydrocarbon company reports progress on mega project
ONGC accounts for the majority of India's domestic crude oil and natural gas output
Follow us online