Category: Energy

Eni’s Gambian, Guinea Entry Tests the Next Frontier in West African Exploration

Eni awarded 1,300 km2 across offshore Block A1 in The Gambia. Energy major also secures reconnaissance rights across 15 deepwater Guinea blocks. Dual deals signal rising confidence in the next phase of MSGBC frontier exploration.Italian energy major Eni has strengthened its position in the MSGBC frontier through a pair of major offshore agreements in Guinea and The Gambia, securing basin-scale acreage across two of West Africa’s least-explored hydrocarbon provinces. The company’s latest expansion places the supermajor at the forefront of the region’s next exploration wave, raising fresh questions about how the region’s improving investment climate and offshore potential…

What is the climate impact of the Climate Investment Fund?

By:Karoline Teien Blystad and Bjornar Baugerud Climate and Impact Director                            Head of Climate Investment Fund The Climate Investment Fund,managed by Norfund,has received many headlines linked to large amounts of avoided emissions.But how do you calculate how much emissions the fund’s investments actually avoided? If the world is to succeed in limiting the climate crisis, we are running out of time to phase out fossil energy. The good news is that renewable energy is now competitive. The bad…

How Dangote plans to transform Nigeria from an oil exporter into a global fuel powerhouse

For decades, Nigeria exported crude oil, imported fuel and watched global refining hubs capture much of the value in between. Now, Africa’s richest industrialist wants to change that. Dangote Refinery plans to expand its crude processing flexibility from about 40 grades to as many as 130. The move forms part of a broader strategy to transform the Lagos facility into a global refining, trading and export hub. The refinery is preparing to more than double capacity to 1.4 million barrels per day while increasing imports of crude from international markets.…

AfDB-Gov’t of Rwanda launch Results Based-Financing II program to accelerate universal energy access

The African Development Bank Group, in partnership with the Asian Infrastructure Investment Bank (AIIB) and the Government of Rwanda, has launched the Energy Sector Results Based Financing Phase II (RBF II) Program, to drive achievement of universal access to reliable, clean, and affordable energy in the country. With a total program cost of $300 million, phase two will be financed through a loan of $200 million from the African Development Bank and a $100 million loan from AIIB,  reflecting strong multilateral collaboration to scale up impact in Rwanda’s energy sector. RBF II…

31st IRENA Council Ushers New Era of Global Energy Transition

More than 300 delegates to discuss the expanding role of renewables in powering energy security, resilience and digital economies. The thirty-first Council meeting of the International Renewable Energy Agency (IRENA) has started in the United Arab Emirates(UAE) in a hybrid format according to an official statement issued in Abu Dhabi,Thursday Over 300 government representatives,the statement said, are attending the meeting at IRENA Headquarters in Abu Dhabi, both in person and virtually. Over the course of two days,it said, the Council will review progress on the Agency’s work and discuss collective…

Uganda-Dangote Group join hands for East Africa’s Energy Security

Ugandan President has expressed his support for the construction of a proposed regional oil refinery valued at USD17bn, aimed at strengthening industrialisation and energy security in East Africa (Ugandan government statement, 17/05/2026). According to the statement, the President made these remarks during a meeting with visiting Nigerian industrialist Aliko Dangote, the project’s proponent. He stated that the refinery would contribute to broader efforts to advance regional integration, value addition, and industrial development across Africa. The proposed refinery is estimated to cost between USD15bn and USD17bn, with a designed processing capacity of 650 kb/d of crude oil. The facility is intended to supply Uganda, Kenya, Tanzania, Ethiopia, South Sudan, the Democratic Republic…

Italian Engineering Giant Webuild Clinches Samoter Innovation Award for Africa’s Largest Dam

By: Addis Insight,First Published,May 14, 2026 Italian construction titan Webuild has officially secured the prestigious Samoter Innovation Award 2026. The accolade recognizes the company’s groundbreaking work on the Grand Ethiopian Renaissance Dam (GERD), a project that is redefining the landscape of renewable energy in Africa. Why the GERD Won Big Presented at the Samoter International Construction Machinery Exhibition in Italy, the award celebrates more than just “building a wall.” The judges highlighted the GERD as a masterpiece of technological and engineering excellence. “The recognition highlights the GERD not only for its complexity but for its…

U.S. solar energy firm plans $750 million power grid expansion across four African countries

Renewvia Energy Corp. is expanding its solar-powered mini-grid operations into four African countries as renewable energy providers increasingly move to address the continent’s widening electricity deficit. Renewvia Energy Corp. is expanding its solar-powered mini-grid operations into Uganda, Rwanda, Ethiopia, and the Democratic Republic of Congo. The company plans an investment of about $750 million to provide roughly 2.1 million electricity connections across these countries. Sub-Saharan Africa faces significant energy poverty, with nearly 600 million people lacking access to electricity. Renewvia currently operates 24 mini-grids in Kenya and Nigeria and is…

Africa could replace lost Middle East oil supplies – Nigeria tells global investors

Segun Adeyemi, Africa Business Insider,First Published,07 May 2026 08:24 AM Nigeria and several African oil-producing nations could benefit from a major global supply gap created by escalating tensions in the Middle East, according to Nigeria’s upstream petroleum regulator, which says the continent is increasingly being viewed as a critical alternative source of crude oil and natural gas. Africa is emerging as a key alternative oil supplier after an estimated 10 million barrels per day were removed from the global market due to Middle East tensions. Nigeria’s oil regulator says declining…

Ghana signs gas deal with Eni, others to increase production at OCTP by 2028

Ghana has signed a key term sheet agreement to expand its domestic gas capacity. The deal which brings together Eni Ghana E&P, Vitol Upstream Ghana Limited and the Ghana National Petroleum Corporation (GNPC) is to advance the next phase of the Offshore Cape Three Points (OCTP) project. The agreement signed on Tuesday May 5, 2026 by the Minister of Energy and Green Transition, John Jinapor formalises commercial principles for the proposed Non-Associated Gas (NAG) Upgrade Project and marks a transition from earlier strategic intent to execution-focused planning. Eni serves as…