UK supermajor BP will seek a partner for its giant Bumerangue deepwater oil discovery offshore Brazil, Reuters reported, citing the company’s country head. BP Brazil president Andres Guevara told an event in Rio de Janeiro on Thursday that a search for a partner at Bumerangue — described by BP in August as its largest discovery...
Day: October 4, 2025
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Global investors on high alert as Nigeria opens $400m crude export terminal
President Bola Tinubu will inaugurate the $400 million Otakikpo Onshore Crude Oil Export Terminal in Rivers State on Wednesday, October 8, marking the first new crude export facility to be built in Nigeria in over half a century.It is the first indigenous crude export facility in Nigeria since the Forcados Terminal of 1971.The new terminal...
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AEW 2025: Zimbabwe Introduces 5-Pillar Energy Strategy Amid $9B Investment Drive
The country anticipates $9 billion in spending across its power sector, with $4.4 billion mobilized through private sector participation. CAPE TOWN, South Africa, October 4, 2025 – Zimbabwe has introduced a five-pillar strategy – the Zimbabwean National Energy Development Compact – aimed at advancing the development of the energy value chain. This comes as the...
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Update 318 – IAEA Director General Statement on Situation in Ukraine
The ZNPP has informed the IAEA team that planned maintenance activities on one pair of backup power transformers was stopped after the LOOP, and the transformers were returned to standby mode. Challenges related to off-site power were also in evidence at the Chornobyl site this week, where its New Safe Confinement (NSC) facility experienced a...
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United States (U.S.) Political Will, African Reforms Signal New Era for Energy Investment
Amid regulatory overhauls and renewed U.S. export finance, leaders at African Energy Week 2025 counsel that the moment to act on U.S.–Africa energy ties is nowCAPE TOWN, South Africa – U.S. political momentum and African regulatory reforms are converging to create what leaders at African Energy Week 2025 described as a strategic opening for U.S....