Ardian, a global private equity firm, has acquired Akuo, an independent power producer focused on renewable…
Category: Prospects & Challenge
EU Eyes Energy Law Overhaul in Bid to Ease Industry Struggles
Sources told Reuters that the European Commission plans to change EU energy laws to ease regulatory…
Hungary Defies EU, Strengthens Energy Pact with Russia
Hungary’s Foreign Minister, Péter Szijjártó, travelled to Moscow for talks on energy security with Russian officials.…
Minister of Power Condemns Attack on IKEDC by NAF Personnel
The Minister of Power, Mr Adebayo Adelabu, has condemned the Nigerian Air Force (NAF) personnel’s attack…
Nigeria’s Renewable Energy Growth Stalls Amid Global Record Surge
While global renewable energy capacity saw a record surge in 2024, Nigeria’s progress remained stagnant at…
Ithaca Energy Restructures Amid Expansion, Job Losses Expected
After acquiring Eni UK assets, Ithaca Energy (ITH.L), a key player in North Sea oil and…
Shell Flags Uncertain Outcome of $1.6-Billion Russian Court Claim
The outcome of a Russian claim against Shell for alleged unpaid natural gas deliveries is uncertain.…
Dangote Refinery Buys First Algerian Crude Cargo
Nigeria’s Dangote refinery has bought its first cargo of Algeria’s Saharan Blend crude, Argus Media reported.…
Trump Slaps 25% Tariff on Venezuela’s Trade Allies
U.S. President Donald Trump introduced a 25% customs duty on goods from countries engaging with Venezuela’s…