REA signs MOUs on N500bn renewable energy investment

July 29, 2025 The Rural Electrification Agency (REA) on Monday signed multiple Memoranda of Understanding with key institutions and private sector players, targeting over N500bn in private-sector-led investments and significant infrastructure deployments across underserved communities. The event, themed “Strengthening Partnership for Sustainable Energy Access and Socio-Economic Development”, took place in Abuja, gathering stakeholders from the […]Read More

Chevron wins Exxon case but loses time, oil and billions

July 18, 2025 Exxon Mobil (XOM.N), opens new tab has lost its arbitration challenge to block Chevron’s (CVX.N), opens new tab $55 billion Hess (HES.N), opens new tab acquisition deal, but the top U.S. oil producer managed to delay the tie-up by over a year, costing its rival billions in lost Guyana oil revenue and slowing integration. Chevron’s deal, first announced in October 2023, […]Read More

America needs more electricity-Trump has the worst idea for how

Reversing progress on renewable energy will profoundly damage our country, our economy and our environment. July 17, 2025 How America President Donald Trump is feeling at the moment hinge , he will tell you either that the U.S. is about to embark on a “golden age” in which Americans will prosper beyond our wildest dreams, […]Read More

Sahara Energy Resource Closes USD 225 Million Facility to Drive

July 13, 2025 Sahara Energy Resource Limited (Isle of Man) (“Sahara”) is pleased to announce the successful closing of a USD 225 million unsecured, committed Revolving Credit Facility (RCF). The facility was significantly oversubscribed, underscoring the confidence of the international financial community in Sahara’s business model, performance, and strategic vision of bringing energy to life […]Read More

Renaissance CEO seeks PIA review, applauds regulatory progress

Managing Director and CEO of Renaissance Africa Energy Company Limited, Tony Attah, has called for a review of the Petroleum Industry Act (PIA) to align with current economic and sector realities. Speaking on the theme “Nigeria Oil and Gas: From Reforms to Recovery,” at the 2025 BusinessDay Annual CEO Nigeria Forum held in Lagos on […]Read More

BRICS Summit: President Tinubu called for reevaluation of current global

July 7, 2025 President Bola Tinubu has called for a reevaluation of the current global governance structure and the financial and healthcare systems, urging greater equity and inclusion for low-income and emerging economies, particularly in Africa. At the 17th meeting of the Global South and the Emerging Economies bloc, BRICS, on Saturday in Rio de […]Read More

Global Carbon Emissions Record is High Despite Green Efforts -Robert

Jul 04, 2025 Global carbon emissions reached a new all-time high in 2024, hitting 40.8 billion metric tons of CO2-equivalent emissions, despite significant growth in renewable energy and numerous international climate pledges. China, the U.S., and India are the three largest carbon emitters, collectively accounting for over half of global emissions, with the U.S. showing […]Read More

AEF 2025: Genesis Energy, Desert Technologies Signed Agreement to Accelerate

Genesis Energy Holding  a leading Pan-African clean energy infrastructure development and asset management company, and Desert Technologies Industries Factory CJSC , a global leader in smart solar infrastructure headquartered in Saudi Arabia, have formally signed a Strategic Collaboration Agreement during the 27th Africa Energy Forum (AEF 2025)—the continent’s premier platform for energy investment and collaboration. […]Read More

Oil price hits $76.71/barrel as Iran-Israel Conflict Deepens

The prices of oil rose on Wednesday, June 18, 2025, extending a 4% gain from the previous session on worries that the Iran-Israel conflict could disturb supplies. Brent crude futures rose 26 cents, or 0.3%, to $76.71 a barrel by 0440 GMT, while U.S. West Texas Intermediate crude futures rose 35 cents, or 0.5%, to […]Read More

Investment Drive: Oborevwori Commissions New Virgin Forest Energy Fuel Station In

In a remarkable demonstration of Delta State’s growing reputation as a business-friendly environment, Governor Sheriff Oborevwori has officially commissioned a new fuel station in Asaba, established by Virgin Forest Energy.  Represented by the Commissioner for Special Duties, Government House, Asaba, Dr. Ifeanyi Osuoza, the Governor extended warm congratulations and reaffirmed the State government’s commitment to […]Read More

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