Scientists Propose Novel Way of Treating Mosquitoes for Malaria
Scientists Propose Novel Way of Treating Mosquitoes for Malaria Two tiny mosquitoes native to Africa rest on someone’s, Mosquitoes should be given malaria drugs to clear their infection so they can no longer spread the disease, say US researchers. Malaria parasites, which kill nearly 600,000 people a year, mostly children, are spread by female mosquitoes […]
Pioneering New Finance Models in Africa Towards ‘Greener’ Future
Pioneering New Finance Models in Africa Towards ‘Greener’ Future Promoting sustainable development is key to securing Africa’s future, and “green financing” plays a vital role in driving this transition. This includes loans, bonds, and other funding mechanisms specifically designed to promote positive environmental impact such as initiatives that reduce carbon emissions or water use, improve […]
IFC AND CANADA INVEST $5M IN NIGERIAN SOLAR MINI-GRID EXPANSION
IFC AND CANADA INVEST $5M IN NIGERIAN SOLAR MINI-GRID EXPANSION The International Finance Corporation (IFC) has announced a $5 million investment in Husk Power Energy Systems Nigeria to expand solar hybrid mini-grids across rural Nigeria. The financing, supported by the Canadian government, will enable development and operation of up to 108 mini-grid sites. The project […]
NIGERIAN CRUDE TRADES AT $68 AMID IRAN-ISRAEL TENSIONS
NIGERIAN CRUDE TRADES AT $68 AMID IRAN-ISRAEL TENSIONS Nigerian crude oil settled near $68 per barrel as global oil markets responded to escalating geopolitical tensions between Iran and Israel. Oil prices surged following intelligence reports suggesting Israel may be preparing for potential attacks on Iranian nuclear facilities. Brent crude rose above $66 per barrel while […]
SOUTH AFRICA HOLDS OIL RESERVES UNTIL PRICES HIT $100 PER BARREL
SOUTH AFRICA HOLDS OIL RESERVES UNTIL PRICES HIT $100 PER BARREL South Africa will maintain its strategic crude oil reserves until global prices reach approximately $100 per barrel, according to senior energy officials. The country has been seeking to sell crude since 2022 when the government cushioned consumers from high fuel prices by temporarily cutting […]
TULLOW OIL FIRES UP JUBILEE FIELD DRILLING AFTER FOUR-MONTH PAUSE
TULLOW OIL FIRES UP JUBILEE FIELD DRILLING AFTER FOUR-MONTH PAUSE Tullow Oil Ghana Limited and its partners have announced the restart of drilling operations at the Jubilee Oil Field in Ghana’s Tano Basin following a temporary suspension since December 2024. The renewed activity aims to boost oil production and operational efficiency at the mature field. […]
CHEVRON PLATFORM FIRE INJURES 17 IN ANGOLA, INVESTIGATION UNDERWAY
CHEVRON PLATFORM FIRE INJURES 17 IN ANGOLA, INVESTIGATION UNDERWAY A serious fire incident at Chevron’s Benguela Belize Lobito Tomboco (BBLT) deepwater platform offshore Angola has injured 17 people, with four in severe condition. Angola’s National Agency for Petroleum, Gas and Biofuels (ANPG) confirmed that one person remains missing following the incident. The fire erupted at […]
GEO EXPLORATION UNCOVERS MASSIVE OIL POTENTIAL IN NAMIBIAN WATERS
GEO EXPLORATION UNCOVERS MASSIVE OIL POTENTIAL IN NAMIBIAN WATERS Geo Exploration Limited has confirmed significant de-risked resource potential in offshore Namibia following an independent geoscience evaluation of petroleum exploration licence (PEL) 94 in Block 2011A. The assessment identified two new sandstone leads with substantial commercial potential. The discoveries include the Emerald lead (in the Albian […]
BW ENERGY GABON TAKES CONTROL OF FPSO ADOLO OPERATIONS
BW Energy Gabon SA has assumed full operational and maintenance responsibility for the FPSO BW Adolo from parent companies BW Offshore and BW Energy. The transition includes an amended charter featuring a mutual put-and-call option on the FPSO valued at $100 million, exercisable in 2028. “Transferring daily operational control of BW Adolo to BW Energy […]
ENERGEAN PULLS OUT OF MOROCCO GAS PROJECT AFTER DISAPPOINTING RESULTS
ENERGEAN PULLS OUT OF MOROCCO GAS PROJECT AFTER DISAPPOINTING RESULTS Energean has officially withdrawn from its operated interests in two offshore Morocco licenses, handing them back to Chariot. The London-based independent operator now controls the Lixus Offshore and Rissana Offshore licenses with a 75% stake, with the remaining 25% held by Morocco’s state-owned ONHYM. Three […]