Nigeria has signed a production-sharing contract (PSC) with TotalEnergies (TTEF.PA), opens new tab and local firm South Atlantic Petroleum for two offshore blocks, in a step to boost exploration and attract investment under its new oil framework.Nigeria, Africa’s largest oil producer, is seeking to revitalize its upstream sector amid global energy transition pressures and declining...
Author: Energy Crossroad (Energy Crossroad)
Post
Post
Crude Oil and Refined Products Market Review and Outlook-1st to 15th Sept
Crude oil prices in the global market declined by about 3.69% compared to the previous pricing window, demonstrating the sector’s recovery from the geopolitical tensions in Q2 that spiked prices considerably around the period. Pump prices are expected to edge slightly in the coming window (1st to 15th September) due to the depreciation of the...
Post
Global nuclear industry gathers in London this weekGoal to triple nuclear capacity by 2050 is achievable
In 2024, nuclear reactors supplied more electricity than ever before. World Nuclear Performance Report 2025 charts this record milestone and demonstrates nuclear’s endurance as part of a clean and resilient global energy mix.The global reactor fleet ran at an average capacity factor* of 83% in 2024, higher than any other source of electricity. This measure...
Post
Rolls-Royce denies report of IPO plans for small nuclear reactor unit
Aug 30 (Reuters) – Rolls-Royce Holdings (RR.L), opens new tab on Saturday denied a report it was exploring an initial public offering for its small nuclear reactor unit.The Financial Times, citing people familiar with the situation, reported on Saturday the company was considering an IPO as well as other funding options. It said talks with...
Post
Imported coal for Matarbari plant had stones – some weighing 30kg, probe finds Energy
These oversized stones were detected after unloading one-third of the coal from 11th consignment. The shipment carried 63,300 tonnes onboard MV Orient Orchid, which docked at the Matarbari jetty on 17 March this year A consignment of Indonesian coal imported to feed the 1200 MW Matarbari Ultra Super Critical power plant in March contained boulders...
Post
Dangote to Build $2.5 Billion Fertiliser Facility in Ethiopia
Ethiopia has entered into a partnership with Nigeria’s Dangote Group to establish a $2.5 billion fertiliser plant, Prime Minister Abiy Ahmed announced Thursday on X. The facility, to be built in Gode, southeastern Ethiopia, will have an annual production capacity of 3 million metric tons.The project is part of billionaire Aliko Dangote’s broader push to...
Post
Fuel Prices to Rise From Monday Despite Fall in Global Oil Prices
The prices of petroleum products at the pumps are set to increase from Monday, September 1, 2025, by margins of between 3% and 5% per litre, according to the Chamber of Oil Marketing Companies’ (COMAC) pricing outlook report. The report indicates that petrol will rise between 3.86% and 5.40% per litre, pushing the average pump...
Post
Africa risks missing 2030 SDG deadline without climate laws – AASuP
The President of the Association of African Sustainability Practitioners (AASuP), Humphrey Tetteh, has expressed concern about Africa’s slow progress in achieving the United Nations Sustainable Development Goals (UNSDGs). He said out of the 32 areas outlined by the UN, Africa has only made notable progress in three, with others either stagnating or regressing. Speaking to...
Post
Why high energy costs could soon impact cement prices.
In recent months, the conversation around the cost of living has been dominated by fuel price hikes and higher electricity tariffs, and the cement industry is not immune to it. Cement production is one of the most energy-intensive manufacturing processes in the country, and every increase in power or fuel costs adds weight to an...
Post
African Debt and Climate Change: How the ICJ’s Vanuatu Ruling Could be Used for Broader Justice
African sovereign debtors in distress face terrible choices. They are often forced to choose between fully paying their creditors and financing the needs of their populations – health, education, renewable energy, water. Discussions with their creditors focus on financial, economic and contractual issues. The environmental and social impacts ofthe UN Global Compact the OECD Principles...