The Chief Executive Officer of the Chamber of Bulk Oil Distributors (CBOD), Dr. Ofori, has called for a pragmatic approach to Africa’s energy transition, stressing the need to balance sustainability goals with energy access and affordability Speaking at the 2nd Energy Sustainability Leadership Conference 2025, held under the theme “The Role of Oil and Gas...
Category: Energy
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Saudi Arabia and India Top the List of Russia’s Fuel Oil Buyers
Russia’s fuel oil shipments went mostly to Saudi Arabia and India in July as Asia and the Middle East remain the key outlets for Moscow’s fuel oil and vacuum gasoil (VGO) amid import bans and embargoes in the West. Russia’s oil products have been banned in the EU and other Western countries since 2023, so...
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Future of Energy Conference 2025: Call for Stronger Collaboration to Power Africa’s Transition
The 2025 edition of the Future of Energy Conference (FEC), organised by the Africa Centre for Energy Policy (ACEP) and partners, brought together key stakeholders to deliberate on Africa’s financing needs and strategic pathways for achieving a just energy transition. Delivering the keynote address, the Guest Speaker underscored the urgency of sincere collaboration among governments,...
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Dangote seals new deal with Japanese firm to expand into petrochemical sector
Africa’s richest man, Aliko Dangote, is extending his industrial footprint beyond oil refining into the global petrochemical sector through a new partnership with a leading Japanese firm.Aliko Dangote is expanding into the global petrochemical sector through a partnership with Mitsui Chemicals.The collaboration was announced during the Tokyo International Conference on African Development in Yokohama.Dangote aims...
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FEC 2025: NRGI Warns Fossil Fuel Investments Risk Undermining Africa’s Energy Transition
The Country Manager for Ghana’s chapter of the Natural Resource Governance Institute (NRGI), Dennis Gyeyir, has cautioned that Africa’s energy transition agenda is under threat, with nearly half of the projected 2025 investment flows into the continent’s energy sector expected to be channelled into fossil fuels. Making a presentation at the 2025 Future of Energy...
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Ghana Cuts $300m in IPP Debt After Tough Renegotiations
Ghana has secured a $300 million debt reduction after renegotiating payment terms with Independent Power Producers (IPPs), easing one of the biggest financial pressures on the country’s power sector. The deal trims outstanding obligations from $1.5 billion to $1.2 billion, according to Ben Boakye, Executive Director of the Africa Centre for Energy Policy (ACEP), who...
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PHDC Deepens Talks with Al Jedad Holdings on Petroleum Hub Project
The Petroleum Hub Development Corporation (PHDC) has advanced its engagement with Qatari investment firm Al Jedad Holdings and its Ghanaian partner, Fortune Investment, in a bid to fast-track participation in the multibillion-dollar Petroleum Hub project. The meeting, chaired by PHDC Deputy CEO of Finance and Administration, Halimatu Sadia Abdulai Abu, focused on strengthening earlier discussions...
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Dr. Wisdom Enang warns that recent Global oil price decline could undermine Nigeria’s fiscal plans
SAMPSON ENYONGEKERE, UYO A shrewd and globally revered energy expert, Engr. (Dr.) Wisdom Patrick Enang has identified industrialization as the most viable path to unlocking Nigeria’s economic potential. Dr. Enang proffered the opinion on Friday, August 15, while speaking with newsmen in Uyo, the Akwa Ibom State capital. While presenting his opening address, the erudite...
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Egypt petroleum ministry says work underway in three new wells in Zohr gas field
Aug 26 (Reuters) – Work is underway at three new wells in the Zohr gas field in the Mediterranean in the current financial year, Egypt’s petroleum ministry said on Tuesday.Another well, the Zohr-6 well, has added about 65 million cubic feet per day of gas to Egypt’s output, the ministry added.Italian energy group Eni (ENI.MI),...
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How Artificial Intelligence Is Both Driving and Derailing Decarbonization
Will Artificial Intelligence be the downfall of the clean energy transition, or the catalyst that makes it possible? The answer is complicated, and somehow contains a bit of both. Training the large language models that power AI is incredibly energy-intensive, and as models like ChatGPT and DeepSeek become increasingly complex, each individual query can rack...