Etu Energias Sets Sights on 80,000 BPD Production Target by 2030
Etu Energias Sets Sights on 80,000 BPD Production Target by 2030 Angola’s leading private oil producer, Etu Energias, is accelerating ambitious expansion plans to achieve 80,000 barrels per day production by 2030, supporting Angola’s goal of maintaining oil output above one million barrels per day well beyond 2027. Driving this ambitious target is an aggressive […]
Africa’s Oil and Gas Sector Poised for Investment Surge
Africa’s Oil and Gas Sector Poised for Investment Surge Industry analysts across Africa predict robust investment flows into the continent’s oil and gas sector as independent and national oil companies rapidly expand their portfolios, breathing new life into mature fields while global energy majors reduce their funding focus to high-return projects. During a Welligence Energy […]
Swedfund Commits $10 Million to Boost African Green Startups
Swedfund Commits $10 Million to Boost African Green Startups Swedfund, Sweden’s development finance institution, has invested $10 million in Novastar Ventures’ third fund, officially designated as the Novastar Ventures Africa People and Planet Fund III (NVIII), targeting climate-positive technologies across Nigeria and Kenya. The fund specifically focuses on African startups developing solutions in renewable energy, […]
Green Energy International Unveils Game-Changing $400 Million Oil Terminal
Green Energy International Unveils Game-Changing $400 Million Oil Terminal Green Energy International Limited (GEIL) is poised to revolutionize Nigeria’s crude oil evacuation capabilities with the imminent unveiling of its $400 million Otakikpo oil terminal, marking a historic first for any private indigenous oil company in the country. Located strategically near the Ogoni and Opobo fields […]
Solar Panda Illuminates West Africa with Senegal Launch
Solar Panda Illuminates West Africa with Senegal Launch Solar energy manufacturer Solar Panda has officially commenced operations in Senegal, marking a significant expansion of clean energy access across West Africa after successfully powering over 35,000 homes in Kenya. “This launch represents a key step in our broader expansion across Africa,” declared Andy Keith, Founder and […]
Egypt and Germany Forge €118 Million Clean Energy and Education Partnership
Egypt and Germany Forge €118 Million Clean Energy and Education Partnership Egypt and Germany have solidified their commitment to sustainable development through a substantial €118 million financial cooperation agreement focusing on wind energy advancement and inclusive technical education enhancement. The comprehensive deal allocates €86 million specifically toward interconnecting the ACWA Power 1 and 2 wind […]
Federal Government Seals Major Gas Infrastructure Deals Worth Billions
Federal Government Seals Major Gas Infrastructure Deals Worth Billions In a landmark move to accelerate Nigeria’s gas revolution, the Federal Government has signed comprehensive agreements with ten companies for the construction of gas processing plants and critical supply infrastructure, marking a significant milestone in the nation’s Decade of Gas initiative. The joint venture investment agreements […]
NUPRC and NNPC Energy Services Forge Strategic Alliance to Transform Nigeria’s Oil Sector
NUPRC and NNPC Energy Services Forge Strategic Alliance to Transform Nigeria’s Oil Sector The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and NNPC Energy Services (ENSERV) have signed a groundbreaking collaboration agreement that promises to reshape Nigeria’s oil and gas landscape through enhanced regulatory cooperation and frontier basin exploration. The historic agreement was formalized during a […]
Seplat Energy Doubles Production in Historic Oil Block Expansion
Seplat Energy Doubles Production in Historic Oil Block Expansion Nigerian energy giant Seplat Energy has achieved a remarkable milestone, more than doubling its daily oil production from 50,000 to over 120,000 barrels following the successful activation of 11 oil blocks across the country. In an exclusive interview with Forbes Africa, CEO Roger Brown revealed that […]
The Soviet PLAN TO Reverse Siberia’s Rivers with ‘Peaceful Nuclear Explosions’
The Soviet PLAN TO Reverse Siberia’s Rivers with ‘Peaceful Nuclear Explosions’ In the 1970s, the USSR used nuclear devices to try to send water from Siberia’s rivers flowing south, instead of its natural route north. The project was a grand failure – but 50 years on, the idea still won’t completely go away. To the […]