Energy

Oil giants face backlash for handing record profits to investors Big Oil’s record profits are a big hit on Wall Street, but the corridors of...

ExxonMobil’s record-breaking $20bn profit nearly matches Apple’s Oil company’s third-quarter result smashes Wall Street forecasts – as does Chevron’s £11.2bn. The US oil supermajor ExxonMobil has reported...

TotalEnergies, Shell post bumper profits, LNG business diverges Europe’s two largest energy companies Shell and TotalEnergies reported profits of more than US$9 billion in the third quarter,...

Brent crude to average $92 per barrel in 2023 The price of Brent crude is forecast to average $92 per barrel in 2023, down from...

Nigeria orders seizure of assets of former Oil Minister Nigeria’s Economic and Financial Crimes Commission says a federal high court has ordered the final seizure of...

Flurry of million-dollar deals flow into Nigeria’s renewable energy space So far in 2022, there has been a flurry of million-dollar deals in Nigeria’s renewable...

South Africa's $8.5bn climate change pact is 97% loans Less than 3% of an $8.5 billion climate finance deal being offered to South Africa by...

Next Africa: Oil resource curse clouds climate change debate As the next COP climate summit approaches, African nations from Senegal to South Africa are clamoring for the right to...

Global credit risks rises as recession, gas crisis loom Global credit risks have risen over the past quarter as the triple threat of rate rises,...

Power transmission company, Ghana Grid Company Limited (GRIDCo) has received a $60m loan facility from the ECOWAS Bank for Investment and Development (EBID). The signing...