The Africa Sustainable Energy Centre (ASEC) has projected fresh investment opportunities for African gas projects as global demand patterns evolve. The call comes as fourth-quarter LNG exports are expected to decline by nearly 50%, creating new urgency for Africa to strengthen its role in the international gas market. ASEC notes that Europe sees African gas...
Month: August 2025
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Russia appears to open door for potential Exxon return to Sakhalin-1 project.
Russia’s president Putin has signed a decree to allow foreign investors, including Exxon Mobil (NYSE:XOM), to regain shares in the Sakhalin-1 oil and gas project, Reuters reported Friday. The signing occurred on the same day that Putin met President Trump in Alaska to discuss a potential ceasefire in Ukraine, and possibly on opportunities for investment...
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Namibia urged to fast-track reforms to secure place as Africa’s next energy frontier
Namibia must accelerate legal and institutional reforms to turn its recent oil and gas discoveries into lasting economic benefits, SNC Managing Partner and President of the Association of International Energy Negotiators (AIEN), Shakwa Nyambe, told delegates at the third Namibia Oil and Gas Conference in Windhoek.Delivering a presentation titled Industry Leaders’ Insights under the theme...
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Bill Gates’ $500M Hydrogen-Powered Superyacht Redefines Luxury and Sustainability
Bill Gates’ latest superyacht, Breakthrough, is more than a billionaire’s playground it is a bold statement in clean-energy innovation at sea. Valued at over $500 million, the 118.8-meter vessel runs on liquid hydrogen stored at –423°F, enabling silent, emission-free cruising while generating enough power to run 30 of the Microsoft co-founder’s 66,000-square-foot mansions simultaneously. Built...
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Republicans who backed Trump’s anti-environment bill have accepted over $105m from big oil
The Republican lawmakers who voted for Donald Trump’s anti-environment tax and spending bill have accepted more than $105m in political donations from the fossil fuel industry, a new analysis has found, raising concerns about their relationship with big oil.Signed into law last month, the One Big Beautiful Bill Act includes billions of dollars in giveaways...
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World Bank Warns ECG Debt Could Hit $9bn by 2026, Threatening Ghana’s Fiscal Stability
Ghana’s fiscal stability faces heightened pressure, with the World Bank warning that the Electricity Company of Ghana’s (ECG) debt could surge to $9 billion by 2026 if operational inefficiencies are not urgently addressed. World Bank Country Director Robert Taliercio emphasized that ECG’s current debt already exceeds the combined annual financial assistance Ghana receives from both...
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NNPCL reduces fuel price after Dangote Refinery’s adjustment
The Nigerian National Petroleum Company Limited has reduced its premium motor spirit pump price on Thursday. confirmed that NNPCL retail outlets in the Federal Capital Territory, Abuja, have reduced their pump price to N890 per litre from N945. This new fuel price has been reflected in NNPCL retail outlets such as mega station Danziyal Plaza,...
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bp-Eni venture seeks to fast-track output from Namibia discovery
(Bloomberg) – Azule Energy, a joint venture between bp and Eni, is fast-tracking its Namibia oil operations as it competes with companies including TotalEnergies SE to be among the first to produce crude in one of the world’s newest hotspots. Azule last year negotiated a stake in Namibia’s block 2914A from operator Rhino Resources, and...
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South African court reverses TotalEnergies’ approval for offshore block
(Bloomberg) — A South African court overturned a decision granting TotalEnergies SE environmental authorization for an oil exploration block offshore the country’s west coast.The Western Cape High Court ruled that the environmental impact assessment for Total’s Block 5/6/7 was “deeply flawed, failing to address key risks, legal requirements, and public participation,” Green Connection, one of...
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Star Oil Investigates Deadly Tanker Crash at Asukawkaw Market
Star Oil Ltd has begun an internal probe into a tragic accident involving one of its Bulk Road Vehicles (BRVs) that occurred on Thursday, August 14, 2025, near Asukawkaw in the Oti Region. The crash left four people dead and 14 others injured after the tanker reportedly veered out of control and ploughed into a...