The American oil major saw its revenue decline in the third quarter, affected by lower crude prices and refining margins, despite record volumes in Guyana and the Permian Basin.
TotalEnergies is asking Mozambique for a licence extension and financial compensation to restart its $20 billion gas project suspended since 2021 following an armed attack.
Daniel Chapo is visiting the United States to encourage ExxonMobil to commit to a major investment in Rovuma LNG, a strategic gas project for Mozambique as TotalEnergies resumes its suspended operations.
The carrier uses mass balance and Book & Claim allocation to test demand, structure certified revenues, and prepare domestic capacity targeted for 2026 amid already intensifying regional competition.
A new International Energy Agency report urges Maputo to accelerate energy investment to ensure universal electricity access and support its emerging industry.
Voltalia has entered a strategic partnership with IFC to develop tailored renewable energy projects for the mining sector across several African countries.
A jihadist attack targeted Palma, a strategic area in northern Mozambique, marking a return of insecurity near TotalEnergies' suspended gas project since 2021.
US-based Chevron appoints Kevin McLachlan, a veteran of TotalEnergies, as its global head of exploration, in a strategic move targeting Nigeria, Angola and Namibia.
Article 6 converts carbon credits into a compliance asset, driven by sovereign purchases, domestic markets, and sectoral schemes, with annual demand projected above 700 Mt and supply constrained by timelines, levies, and CA requirements.
Opportunities are emerging for African countries to move from extraction to industrial manufacturing in energy technology value chains, as the 2025 G20 discussions highlight these issues.
Exxon is seeking direct support from the Mozambican government to secure its Rovuma LNG project, as Islamist violence continues to hinder investment in the country’s north.
TotalEnergies has set 2029 as the restart date for its Mozambique LNG project, frozen since 2021, delaying the exploitation of a strategic investment worth more than $20bn in liquefied natural gas.
Nine African countries will receive €545mn ($638mn) in European Union funding to support rural electrification and strengthen regional renewable energy infrastructure.
The partnership with the World Bank-funded Pro Energia+ programme aims to expand electricity access in Mozambique by targeting rural communities through a results-based financing mechanism.
The Liberian government awarded four offshore oil blocks to Nigerian company Atlas-Oranto for $12 million, strengthening the regional presence of African junior players in offshore exploration.
Backed by flagship projects linked to EACOP and the Tilenga and Kingfisher fields, Uganda aims to lead Africa in new oil storage additions, with a projected impact on its revenues and financial flows by 2030.
The Tanzanian government launches a national consultation to accelerate the rollout of compressed natural gas, mobilising public and private financing to secure energy supply and lower fuel costs.
The Grand Renaissance Dam, set to be inaugurated in September, aims to produce 5,000 megawatts and could generate up to $1 billion per year for Ethiopia, according to the government.
The South African judiciary has revoked TotalEnergies’ authorization to explore a 10,000 km² offshore block, forcing the group into a new procedure that includes a public consultation.
The government of Tanzania is working to finalize an attractive fiscal framework for a $42 billion gas project. Industrial partners are awaiting these guarantees to confirm their investments, while regional competition speeds up market developments.
With 600 million Africans without electricity, massive investments in off-grid solar are emerging as a key solution. Cheaper and quicker to deploy than national grids, this model is attracting interest from donors and governments.
The Zambia-Tanzania Interconnector (ZTIP) project, backed by international financing, aims to strengthen electrical exchanges between Zambia and Tanzania, with major implications for energy integration in sub-Saharan Africa.
Following a premature announcement of an oil discovery in Lake Kivu, Rwanda clarified that the work is still in an exploratory phase, with partners being sought to move forward.
Husk Power Systems doubled its network of solar mini-grids in 2024, reaching 20 MW installed capacity, positioning itself as a key player in rural electrification across Sub-Saharan Africa.
Zanzibar takes a step towards energy independence with an ambitious 18 MW solar project funded by the World Bank. This initiative is part of a sustainable energy production strategy for the archipelago.
Rubis, an energy group based in Paris, appoints Jean-Christian Bergeron as the General Manager of Rubis Énergie. He will assume his role in January 2025 to lead growth strategy in global energy distribution markets.
The OPEC Fund has validated a financing portfolio totaling nearly one billion dollars in the fourth quarter of 2024, distributed across structuring projects in governance, infrastructure, and trade in several strategic regions.
India is building the world's largest solar power plant in the Gujarat desert. With 60 million panels and 770 wind turbines, Khavda exemplifies a colossal ambition to address the country's energy and climate challenges.
The Adani conglomerate has lost $55 billion in market capitalization following corruption charges against its CEO, Gautam Adani, in the United States. The case has shaken markets and jeopardized its international partnerships.
Despite pressure on refining margins, Africa is accelerating refinery projects to meet growing demand and enhance energy security, while facing competition from global giants.
The 2024 China-Africa Renewable Energy Summit solidified strategic partnerships for a sustainable energy transition while offering solutions tailored to the continent's specific challenges.
At COP29, six countries joined an ambitious declaration to triple global nuclear capacity by 2050, bringing the number of signatories to 31, backed by major financial institutions.
At COP29, Rafael Grossi, Director General of the International Atomic Energy Agency (IAEA), emphasizes the inclusion of nuclear energy in climate financing, while targeting a regulated access approach for developing countries.
Facing a severe fuel shortage due to a lack of foreign currency, Malawi has implemented rationing measures, raising fears over food security and the stability of the agricultural and economic sectors.
The "Forecasting Green Jobs in Africa" report by FSD Africa and Shortlist reveals the potential to create millions of green jobs on the continent by 2030, focusing on key sectors like energy, agriculture, and sustainable mobility.
Africa is resolutely moving towards a renewable energy transition, combining economic growth with addressing the energy needs of 1.5 billion inhabitants. This evolution presents both strategic opportunities and complex challenges.
