World Bank Grants Iberdrola €300m to Develop Renewable Projects

The World Bank’s private sector investment arm, the International Finance Corporation (IFC), has granted Iberdrola, a…

NUPRC to Implement PIA, Increase Crude Oil Production

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said it will prioritise the implementation of the…

BlackRock Invests $400m in Positive Zero for Gulf Countries’ Energy Transition

Positive Zero, a Dubai-based decarbonisation firm, secured a significant investment of up to $400 million from…

McPhy Energy Plans to Sell Hydrogen Refuelling Station Business

McPhy Energy SA, a French hydrogen equipment company, plans to sell its refuelling station business to…

NIGERIA’S MEASURES TO PROTECT CONSUMERS FROM RISING ENERGY PRICES

Subsidies have been a primary tool the Nigerian government employs to mitigate the impact of rising…

COP28: Countries Agree to Reduce Fossil Fuel Dependency

At COP28, representatives from almost 200 countries agreed on reducing global fossil fuel consumption to combat…

NUPRC Unveils Regulatory Framework for Energy Transition

In line with Nationally Determined Contributions (NDCs), the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has unveiled…

BasiGo Secures BII’s $5m Loan for EV Assembly

BasiGo has received a $5 million (KSh766.7 million) loan from British International Investment (BII) to support…

BP Energy Moves into Japan’s Power Retail Market

Oil-and-gas multinational BP Plc will intensify its activities in Japan after securing regulatory approval to operate…

Britain’s Octopus Energy to Build First Wind Farm in Sierra Leone

Britain’s Octopus Energy said its generation arm has partnered with Sherbro Alliance Partners (SAP) to build…