Italian oil major Eni expects profits from its green businesses to rival those from oil and gas within a decade, in a bold bet that contrasts with a retreat from renewables by Shell and BP after lacklustre returns. “By 2035, the [operating profit] created by our new companies will balance what is coming from oil...
Author: Energy Crossroad (Energy Crossroad)
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Government of Sierra Leone Completes 33kV Power Line Installation Between Bo and Kenema
The Government of Sierra Leone has completed the installation of the 33kV transmission power line between Bo and Kenema. According to recent updates, the network will be powered in the coming weeks, bringing stable electricity to more than 300000 people across the two cities and nearby areas. The project is part of a broader energy...
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Hardship hits marketers as P’Harcourt refinery shutdown lingers.
Port Harcourt refinery bulk petroleum retailers have called on President Bola Tinubu to urgently release funds needed for the completion of repair works at the old Port Harcourt refinery, which has remained shut beyond its scheduled reopening date. Dealers decried the economic hardship they currently face as a result of the prolonged shutdown of the...
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Global Shift Toward Small Modular Reactors Accelerates, with Key Lessons for Africa’s Energy Future
A new report from the OECD Nuclear Energy Agency (NEA) reveals rapid global momentum behind Small Modular Reactors (SMRs) a technology increasingly being recognised as a strategic tool for clean, reliable, and decentralized energy production. The latest edition of the NEA’s SMR Dashboard identifies 127 unique SMR designs worldwide, up from 98 in the previous...
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Converging Exxon and Chevron operations could spur next mega-merger
LONDON, July 24 (Reuters) – Exxon Mobil and Chevron’s recent major acquisitions raise a provocative question: does the U.S. still need two energy titans, or might it be more efficient for the two to join forces?An $800 billion combination would certainly evoke memories of Standard Oil, the conglomerate John D. Rockefeller created in 1870 that...
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Uganda Adopts Innovative Energy Financing to Expand Electricity Access Amid Debt Pressures.
Uganda is turning to innovative and flexible financing models to scale up electricity access, in response to rising public debt and changing consumer demand. The country is leveraging public-private partnerships (PPPs), blended finance, and regional collaboration to achieve universal energy access by 2040, reduce reliance on state borrowing, and stimulate inclusive economic growth. Facing a...
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Namibia targets 143 GWh green baseload power by 2030
Namibia plans to generate 143 GWh of green baseload electricity by 2030 as part of its clean energy push under the recently launched Sixth National Development Plan (NDP6). The target forms part of the country’s strategy to use its solar and wind resources to develop a green hydrogen industry and reduce dependence on fossil fuels....
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Namibia could achieve energy self-sufficiency by 2035
Namibia has the potential to meet all its electricity needs from local sources by 2035, but only if energy development is properly planned and supported by policy reform, a parliamentary committee has heard.Jean Basson, from the Renewable Energy Industry Association of Namibia (REIAoN), told MPs that Namibia’s current electricity demand of 600 to 700 megawatts...
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BP appoints new chair to oversee shift back to fossil fuels
Albert Manifold, ex-boss at buildings material company CRH, to take over from embattled Helge Lund BP has appointed a successor to its embattled chair, Helge Lund, as the company breaks from its net zero strategy and pivots back to fossil fuels. Albert Manifold, the former boss of the building material company CRH, will join the BP...
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OPEC is Playing The Long Game
“There is no peak in oil demand on the horizon,” the head of OPEC, Haitham al Ghais, said last month in Canada. Demand will continue to increase as global population grows, he added. And OPEC will be there to respond with what supply is necessary. OPEC is now playing the long game. Fast-forward a month...