Afrique de l’Est

Shell focuses on African offshore and revives upstream amid challenging environment

The Anglo-Dutch company maintains its oil and gas operations on the African continent, betting on offshore exploration and the reactivation of onshore fields, while the institutional and regulatory context remains uncertain.

TotalEnergies in Mozambique: $4.7 bn US loan challenged in court by NGO

TotalEnergies’ Mozambique LNG gas project is at the centre of a legal challenge in Washington, following the approval of a $4.7 bn loan by the US Exim Bank, amid security concerns and opposition from civil society groups.

Backbone Infrastructure Nigeria Limited launches $15bn refinery project in Nigeria

Backbone Infrastructure Nigeria Limited is investing $15bn to develop a 500,000-barrel-per-day oil refinery in Ondo State, a major project aimed at boosting Nigeria’s refining capacity.
en_114014072031540

Technip Energies signs major contract for floating natural gas unit in Africa

Technip Energies has secured a contract to lead preparatory works for a floating liquefied natural gas unit in Africa, confirming its presence in the international gas infrastructure market.

Asia accounts for 71% of new renewable capacity, Africa remains marginalised

Asia dominated global new renewable energy capacity in 2024 with 71% of installations, while Africa recorded limited growth of only 7.2%, according to the latest annual report from IRENA.

Shell forecasts decline in key business activities in second quarter

Shell revises downward its forecasts for the second quarter of 2025, anticipating notably a decline in Integrated Gas and Upstream segments, impacted by reduced volumes and lower profitability in several major activities.
en_11407092059540

Afreximbank raises to $375 mn the reserve-based credit for Oando

The African Export-Import Bank extends the Nigerian oil company’s facility, providing room to accelerate drilling and modernisation by 2029 as international lenders scale back hydrocarbon exposure.

Renewable energy: access improving, but financing still insufficient for Africa

According to the 2025 report on global energy access, despite notable progress in renewable energy, insufficient targeted financing continues to hinder electricity and clean cooking access, particularly in sub-Saharan Africa.

Kenya: Globeleq secures ATIDI guarantee for Menengai geothermal project

Globeleq and African Trade & Investment Development Insurance finalise a payment guarantee for the Menengai geothermal project (35 MW), securing financing ahead of its planned operational launch in Kenya.
en_1140290933540

Globeleq launches South Africa’s largest energy storage facility

Globeleq and African Rainbow Energy finalise commercial agreements for a 153 MW energy storage project in South Africa, aimed at enhancing national grid stability and optimising peak energy management.

Gazprom offers Pakistani company Nigerian assets to boost Asian expansion

Gazprom, affected by a historic $6.9bn loss in 2023, is offering Pakistani state-owned firm OGDCL its petroleum assets in Nigeria to strengthen its presence in Asia’s energy market, according to Pakistani sources.

Port-au-Prince plunged into darkness after forced shutdown of hydroelectric plant

Port-au-Prince is without electricity after residents of Mirebalais forcibly shut down a hydroelectric plant protesting government inaction amid escalating gang-related violence.
en_114019062070540

Global emissions: Europe reduces locally but massively outsources its pollution

Global CO₂ emissions reach a record level in 2024, while Europe reports a local decrease but significantly outsources its pollution to emerging economies, revealing a pronounced gap between stated ambitions and economic realities.

Nigeria struggles to secure $5 billion loan from Aramco

Oil-backed financing is weakened by falling crude prices and persistent production constraints in the country.

Shell plans additional 12 million tonnes of LNG capacity by 2030

Shell is expanding its global Liquefied Natural Gas (LNG) capacities, primarily targeting markets in Asia and North America, to meet rising demand anticipated by the end of the decade.
en_1140291001540

CBAK Energy secures $11.6mn order from major African electric mobility player

Chinese lithium-ion battery manufacturer CBAK Energy confirmed a $11.6mn order for LFP cylindrical batteries to power the electric motorcycle fleet of a rapidly growing African group.

Only 2.1% of African green hydrogen sites deemed competitive for export to Europe

A study reveals that the profitability of African green hydrogen exports to the European Union depends on political support from Europe, despite the abundance of ongoing projects on the continent.

Africa captures only 2% of global clean energy investment in 2025

While capital is flowing into clean technologies globally, Africa remains marginalised, receiving only a fraction of the expected flows, according to the International Energy Agency.
en_1140290961540

Eni Pays €8.4 Billion to Energy-Producing Countries in 2024

In 2024, Italian energy giant Eni paid approximately €8.4 billion to various global governments. These payments, primarily concentrated in Africa and Asia, reflect its commitments in the international energy sector.

Lagos launches carbon credit project for 80 million households in Nigeria

The Lagos State government has launched a programme to deploy 80 million improved cookstoves, generating up to 1.2 billion tonnes of tradable carbon credits.

Tullow Oil sells Kenyan assets to Gulf Energy for $120 mn and remains on standby

Tullow Oil sold its stakes in the Lokichar Basin to Gulf Energy while retaining a future entry right, marking a new step in its debt reduction strategy in Kenya.

Eni finalises contract for second FLNG unit at Rovuma worth $2.5bn

Eni is set to award a $2.5bn contract for a new floating LNG unit off Mozambique, aiming to intensify the development of the Coral North gas field.

Niger turns to solar after Nigeria cuts electricity exports

Niger is increasing its reliance on solar energy to offset the reduction in Nigerian electricity exports, a direct consequence of diplomatic tensions following the regime change in Niamey.
en_1140290968540-4

New pipeline sabotage in Nigeria’s Niger Delta reignites tensions

Two armed groups claimed responsibility for attacks on strategic oil infrastructure in the Niger Delta, disrupting Nigerian firm Oando’s operations and reviving concerns over regional stability.

Sasol restarts strategic gas project in Mozambique for September 2025

Sasol confirms the launch in September 2025 of a key gas project to supply a major power station in Mozambique, following an unexplained delay from the originally scheduled March date.

Nigeria considers ban on imported solar panels to boost local production

The ban proposed by the Nigerian government aims to support the domestic industry, but raises concerns among stakeholders over its economic and energy-related consequences.
en_1140290944540-3

Fuel shortage disrupts electoral logistics in Burundi

Burundi’s main opposition coalition warns of direct consequences from the energy crisis on the organisation of the June legislative elections.

TotalEnergies strengthens its global portfolio with three renewable acquisitions

TotalEnergies has completed strategic acquisitions in the wind, solar and hydropower sectors across Europe, Africa and Canada, thereby reinforcing its integrated power business in several key markets.

Nigeria:Tinubu reshuffles NNPC leadership to revive oil production

The Nigerian president has replaced the leadership of the Nigerian National Petroleum Company amid declining output and eroding investor confidence.
en_1140290961540-2

Uganda finalizes historic agreement to build Hoima oil refinery

After several years of negotiations, Uganda officially signs an agreement to establish the Hoima oil refinery, a central project in the country's energy strategy aimed at reducing dependency on fuel imports.

Nigerian oil giant NNPC prepares imminent stock market debut

The Nigerian national oil company, NNPC, is finalizing the last steps toward its highly anticipated stock market listing, mobilizing investors and financial institutions for what promises to be a pivotal moment in Africa’s energy market.

TotalEnergies supports Mozambican investigation into alleged crimes near gas site

TotalEnergies welcomed the launch of a criminal investigation in Mozambique into allegations of crimes committed by security forces near its suspended gas project in Cabo Delgado province.
en_1140290954540-21

CNOOC Limited posts 11.4% rise in net profit for 2024

Chinese oil group CNOOC Limited reported higher net profit for 2024, driven by growing reserves, record production and strict cost discipline.

Algeria Targets Annual Gas Production of 200 Billion m³ by 2030

Algeria announces an ambitious goal to increase its annual natural gas production to 200 billion cubic meters within five years, supported by significant investments and strategic infrastructure projects aimed at the international market.

Support for Mozambique LNG: Washington split over US energy priorities

The $4.7bn financing granted by the US Exim Bank to the Mozambique LNG project reignites tensions in the United States over foreign energy policy and national interests.
en_1140290955540-17

Fire on a key pipeline in Nigeria, authorities quickly bring the situation under control

A fire damaged the Trans Niger Delta Pipeline in Nigeria, the country's main pipeline. The incident was swiftly controlled, although details of material and environmental damage remain unclear.

Zelensky: Between Europe and the United States, the Crucial Choice for Ukraine’s Geopolitical Future

Amidst war and geopolitical uncertainty, Ukraine must choose between European influence and the strategic promises of the United States, a choice that could redefine its economic and security future, particularly in terms of natural resources.

Shell sells SPDC to Renaissance for $2.4 billion and refocuses on offshore operations

Shell has completed the sale of its 30% stake in the oil and gas joint venture Shell Petroleum Development Company (SPDC) in Nigeria for $2.4 billion. This transaction marks a new phase in the group's strategy to concentrate on offshore projects.
en_1140290955540-11

TotalEnergies vs NGOs: Frequent Accusations, Rarely Convicted

TotalEnergies faces multiple lawsuits initiated by international NGOs over environmental and social issues related to its global projects. While several cases remain ongoing, the majority have been dismissed or dropped by the courts, questioning their legitimacy.

Washington approves $4.7 billion loan for TotalEnergies in Mozambique

The United States reactivates a major loan for TotalEnergies' Mozambique LNG project, stalled since 2021 due to a jihadist attack. The funding should enable a market-anticipated restart by 2030.