Africa’s largest oil producer, Nigeria, has set December 1 for its 2025 Licensing Bid Round, with high expectations of attracting more international oil companies to help achieve its production target of 2.75 million barrels per day beyond 2026.
Nigeria’s current oil production averages between 1.7 million and 1.83 million barrels per day, and the government expects to increase output by an additional 1 million barrels by the end of 2026.
Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, announced this at the Commission’s Project 1MMBOPD Additional Production Investment Forum in London on Tuesday.
“We are announcing that we are ready, following the approval of the Minister of Petroleum Resources in line with the Petroleum Industry Act, to commence the 2025 Licensing Round beginning December 1, 2025,” he said.
The 2025 Licensing Round aims to unlock Nigeria’s undeveloped and fallow oil and gas fields, with particular focus on gas assets. According to Komolafe, the initiative seeks to accelerate upstream production and bring previously discovered but unexploited fields into commercial operation.
Licensing rounds have been a key feature of Nigeria’s upstream sector for decades. Major rounds were conducted in 2000, 2005, and 2007, while the 2010s featured smaller, targeted rounds for marginal fields and deepwater assets.
These exercises were designed to attract investors and stimulate production, although some blocks awarded in earlier rounds stalled due to technical, financial, or regulatory challenges.
The NUPRC is expected to publish detailed guidelines — including the list of blocks on offer, pre-qualification requirements, and submission timelines — ahead of the licensing round to ensure transparency and clarity for all prospective investors.
At the forum, which was attended by CEOs of oil companies, bank representatives, and potential investors, Komolafe noted that funding remains the biggest challenge in Nigeria’s upstream sector. He explained that the Commission, as a business enabler, plans to address this by connecting interested parties.
He said the event was organized to bring together all stakeholders to help make the additional one million barrels per day target a reality.
“One of the factors that affected business was that activities were happening in silos, but the NUPRC now realizes the need to bring everyone together,” the CCE said, adding, “We want you all to network. Bank of America is here, as well as representatives of other banks.”
Komolafe stated that the reforms initiated by the President Bola Ahmed Tinubu-led administration have improved Nigeria’s economic metrics. He noted that crude production now averages 1.71 million barrels of oil per day (BOPD), with peak daily output reaching 1.83 million barrels of oil per day (MMBOPD) — evidence of tangible progress.
He disclosed that 46 Field Development Plans had been approved from January 2025 to date, representing immediate investment commitments and production growth potential.
The NUPRC boss also noted that the rig count has grown to over 60, with at least 40 rigs currently active.
Komolafe said this was the best time for existing investors to deepen their participation in Nigeria’s oil and gas sector.
“The drive to reach and sustain one million barrels per day in incremental capacity and beyond will require Floating Production, Storage and Offloading (FPSO) units for cluster developments; Floating Storage and Offloading (FSO) vessels for crude evacuation and storage; and a variety of Modular Offshore Production Units and Early Production Facilities to enable early production and accelerated monetization. All these need investments — and the prospects are here in Nigeria,” he added
Malawi’s Minister for Natural Resources, Energy and Mining, Hon. Dr. Jean Mathanga, has undertaken a familiarization tour of the Electricity Generation Company (EGENCO)’s solar power plant currently under construction at Nanjoka in the Salima District.
The project, designed to generate 10 megawatts (MW) of electricity from solar energy, forms part of Malawi’s broader efforts to expand renewable energy generation and reduce dependence on hydropower.
Speaking during the visit, Dr. Mathanga reaffirmed the Government’s commitment to securing the required external financing by the end of December 2025 to enable EGENCO to complete the ongoing works.
She emphasized that the Nanjoka Solar Project represents a key milestone in the country’s energy transition and a strategic intervention to address power shortages that continue to affect industrial productivity and economic growth.
“The Government is determined to ensure that by next year, Malawi experiences a significant reduction in load shedding. Projects such as this one in Salima will help stabilize the national grid and support economic activities across various sectors,” said Dr. Mathanga.
EGENCO Chief Executive Officer, Mr. Maxon Chitawo, disclosed that approximately USD 13 million (about MK22.5 billion) is required to complete the first phase of the solar project.
He further noted that the company’s long-term vision is to scale up generation capacity to 50 MW in order to contribute meaningfully to the diversification of Malawi’s power generation mix.
Salima District Commissioner, Mr. James Mwenda, commended the project, noting that it has already benefited the local community by providing employment opportunities to residents in surrounding areas.
Once completed, the Nanjoka Solar Power Plant will enhance EGENCO’s generation capacity, improve power reliability, and contribute to the achievement of national energy access targets under the Malawi 2063 development agenda.
A Federal High Court in Abuja, the capital of Nigeria, has convicted David Udensik, also known as Dr. Jacob Bello, for his involvement in an international oil fraud scheme worth over $1 million.
The conviction followed a petition by a United States–based energy company, which accused the suspect of defrauding it under the pretext of facilitating crude oil transactions in Nigeria.
Nigeria Police Force Public Relations Officer, Benjamin Hundeyin, disclosed this in a statement on Tuesday, November 11, 2025.
Investigations by operatives of the National Cybercrime Centre (NPF–NCCC) revealed that Udensik operated a criminal network between 2018 and 2023.
Udensik was also found to have forged documents purportedly issued by the Nigerian National Petroleum Company Limited (NNPCL) and other regulatory agencies to deceive the victim company.
According to the statement, “The Nigeria Police Force has secured the conviction of one Mr. David Udensik, also known as Dr. Jacob Bello, for his role in a transnational oil-related fraud scheme amounting to over one million United States dollars (USD $1,000,000). The conviction followed a petition by a United States–based energy company alleging that the suspect obtained funds from the firm under the pretext of facilitating legitimate crude oil transactions in Nigeria.
“Acting on the petition, operatives of the Nigeria Police Force – National Cybercrime Centre (NPF–NCCC) commenced investigations, which revealed that the suspect, between 2018 and 2023, operated a coordinated criminal network that forged documents purportedly emanating from the Nigerian National Petroleum Company Limited and other regulatory bodies to deceive the victim company.”
Forensic analysis confirmed that the documents, seals, and authentication materials used in the transactions were fake. Funds traced from the deal were allegedly diverted into accounts linked to the suspect and his accomplices.
Hundeyin further stated that the court, delivering its judgment on October 22, 2025, found Udensik guilty of forgery, obtaining by false pretence, and money laundering.
“The court further ordered the forfeiture of assets valued at several hundreds of millions of naira, including real estate and other properties derived from the proceeds of the crime, to facilitate restitution to the victim company,” the statement added.
Hundeyin also noted that the Inspector-General of Police, Kayode Egbetokun, commended the officers who handled the investigation and prosecution for their professionalism.
“He reaffirmed the commitment of the Force to protecting Nigeria’s corporate integrity and ensuring that cyber-enabled financial criminals, irrespective of status or location, are brought to justice,” the statement concluded.
Zambia’s Energy Minister, Makozo Chikote, has apologised to the public for the recent fuel shortages experienced across the country, assuring that supply will normalise soon.
In a statement, Mr. Chikote said the shortages were caused by logistical challenges and not depleted reserves.
He disclosed that as of Tuesday, 11th November 2025, the country had 57.3 million litres of diesel and 40.1 million litres of petrol in stock.
“The Ministry expects the situation to stabilise soon as normal fuel supply resumes nationwide,” he said, adding that both short- and long-term measures have been implemented to prevent future disruptions.
The Minister reaffirmed the government’s commitment to ensuring a stable and reliable supply of petroleum products across Zambia.
Kenya is considering public-private partnerships (PPPs) to expand its electricity generation capacity to 10,000 megawatts (MW) by 2032.
The East African nation also plans to use similar PPP arrangements for infrastructure and irrigation projects.
According to President William Ruto, the partnerships will play a key role in scaling up investment in power generation and modern infrastructure to support industrial growth and food security.
“Our talks focused on deepening investment partnerships in infrastructure and energy, including projects to expand Kenya’s energy generation capacity to 10,000 megawatts in the next seven years,” President Ruto said after meeting a United Arab Emirates (UAE) delegation in Nairobi on Monday.
“We are committed to strengthening our bilateral relations with the UAE through enhanced trade, investment, and economic cooperation under the Comprehensive Economic Partnership Agreement (CEPA), unlocking opportunities for growth, job creation, and shared prosperity,” he added.
The President noted that the initiative will include the development of 50 mega dams under PPP arrangements to boost irrigation and food production.
It would be recalled that President Ruto recently visited Qatar, where he cited Kenya’s limited power supply as a major constraint to attracting foreign direct investment, including the establishment of data centers that require at least 10,000 MW of reliable electricity.
Kenya’s installed capacity currently stands at 3,192 MW, according to data from the Energy and Petroleum Regulatory Authority (EPRA).
However, system losses in transmission and distribution averaged 23.36 percent in the year to June 2025—meaning nearly one in four units generated never reaches consumers.
The figures underscore the scale of the challenge ahead, as the country must not only triple its generation capacity but also significantly cut losses to meet future demand.
The government says its pivot to PPPs aims to mobilize private capital for new power plants and infrastructure while modernizing the national transmission grid to improve efficiency and reliability.
In November 2024, the administration signaled plans to explore alternative financing for the country’s aging power network following the cancellation of a Kenya Electricity Transmission Company (KETRACO) deal with Indian-based conglomerate Adani Solutions.
Alaa El-Din Abdel Fattah has been appointed as the new Chairman of the Egyptian Petrochemicals Holding Company (ECHEM), effective January 1, 2026. He succeeds Ibrahim Mekki.
El-Din Abdel Fattah began his career as a chemist at the Alexandria Petroleum Company in 1993. He rose through the ranks to become Assistant General Manager for Operations at the Egyptian Linear Alkyl Benzene Company (ELAB) in 2010.
He later served as General Manager for Paraffin and Alkyl Production in 2017 and was appointed Chairman and Managing Director of ELAB in 2024.
Minister of Petroleum and Mineral Resources Karim Badawi congratulated Abdel Fattah on his appointment and emphasized the importance of continuing ECHEM’s comprehensive modernization plans aimed at maximizing the value of Egypt’s petrochemical sector, boosting local production, substituting imports, and expanding exports.
The minister also commended Mekki for his contributions to updating the national plan for the petrochemical industry, implementing green initiatives, and expanding production at key complexes such as MOPCO, ELAB, and Egyptian Petrochemicals.
Badawi noted that the coming period will focus on building upon these achievements and completing ongoing ambitious projects.
TMC Compressors (TMC) has secured a contract from MODEC to supply a large-capacity marine compressed air system for the FPSO Gato do Mato, which will operate offshore Brazil.
Under the contract, TMC will deliver a marine compressed air system consisting of multiple compressors to provide control and service air across the vessel. The company did not disclose the contract value.
The system is designed for high reliability and easy onboard maintenance, minimizing downtime and operating costs for the remote deepwater facility located about 200 km from shore.
“We have designed our compressors so that the offshore crew can easily maintain them without needing external service technicians,” said Hans-Petter Tanum, TMC’s Director of Sales and Business Development. “Our systems are purpose-built for marine and offshore environments such as FPSOs operating far from shore.”
The FPSO Gato do Mato – Orca Project is being developed through a partnership among Shell (50%, operator), Ecopetrol (30%), and TotalEnergies (20%), with PPSA serving as contract manager. Once completed and installed, the FPSO will have an oil production capacity of 120,000 bpd and will be moored in 2,000 m of water.
TMC has previously supplied marine compressed air systems to multiple MODEC-built FPSOs. According to Tanum, the new award underscores a long-standing collaboration between the two companies built on performance reliability and trust developed over several decades.
Ghana’s Ministry of Energy and Green Transition, together with the National Petroleum Authority (NPA), has indicated that it is exploring ways to ensure that the Cylinder Recirculation Model (CRM) introduced by the previous administration does not lead to wastage of existing investments in LPG refuelling stations.
The Chief Executive of the NPA, Mr. Godwin Kudzo Tameklo, Esq., said the intention is to maintain both the CRM and the current LPG refill system concurrently.
“It is wrong to use policies to collapse people’s investments. When people invest, we can’t use a policy to destroy their investment,” he said.
Mr. Tameklo made these remarks on Tuesday at the launch of the NPA 2025 Consumer Week Celebration at Ashaiman in the Greater Accra Region.
The event, which was preceded by LPG safety awareness durbars in Maamobi and Teshie, as well as market engagements in Ashaiman, was held under the theme: “LPG: A Sustainable Energy for a Better Tomorrow.”
Godwin Edudzi Tameklo Esq., Chief Executive Officer of National Petroleum Authority (NPA)
Participants—including industry players, opinion leaders, market women, traders, transport operators, and students—were treated to performances by Stonebwoy and Nacee.
The week-long celebration aims to sensitize the public on the benefits of using Liquefied Petroleum Gas (LPG), the implementation of the CRM, and the Authority’s role in protecting consumer interests within the petroleum downstream sector.
The NPA Boss noted that LPG forms a key part of Ghana’s sustainable future, stressing that by choosing LPG over charcoal and firewood, “we protect the forests, reduce pollution, and improve public health.”
“Through the CRM, the NPA ensures that all cylinders are safely filled, inspected, and distributed through licensed bottling plants. Our goal is to make LPG the preferred energy choice for every Ghanaian household,” he said.
Mr. Tameklo added that the NPA envisions a downstream petroleum industry that is innovative, efficient, and sustainable.
“Since assuming office as Chief Executive of the NPA, I have emphasized the importance of affordability, quality, and reliability in the supply of petroleum products to Ghanaians. Our commitment remains to ensure fair pricing and strict adherence to industry standards, in alignment with the vision of His Excellency President John Dramani Mahama to reset and transform the sector while rolling out the 24-hour economy,” he said.
The Deputy Minister of Energy and Green Transition, Mr. Richard Gyan-Mensah, who delivered the keynote address on behalf of the sector Minister, Mr. John Abdulai Jinapor, stated that LPG has emerged as one of the most viable transitional fuels, serving as a bridge between dependence on traditional biomass (charcoal and firewood) and the cleaner, modern energy systems the country seeks to develop.
Hon. Richard Gyan- Mensah, Deputy Minister for Energy and Green Transition
“LPG is not just a cooking fuel; it is a health intervention, an environmental safeguard, and a driver of economic empowerment. Compared to charcoal or firewood, LPG produces up to 60 percent fewer carbon emissions, significantly improving indoor air quality while helping to reduce deforestation,” he said.
For his part, the Chairman of the Chamber of Bulk Oil Distributors (CBOD), Mr. Gabriel Kumi, said the Chamber is not opposed to the introduction of the CRM but rather to the mode of implementation that threatens existing investments in the LPG sector.
Gabriel Kumi, Chairman of Chamber of Oil Marketing Companies (COMAC)
“The Chamber is not against the introduction of the CRM. What we are against is the previous attempt to shut down existing investments. We believe you don’t collapse existing businesses—you run them side by side,” he said.
The renewable energy boom has been heating up around the world, with many countries shattering their previous records for clean energy expansion year after year.
But in many grids, the rapid growth of renewables has outpaced the advancement of critical supportive infrastructure, from sufficient power lines to reliable and practical energy storage options.
As a result, renewable energy is facing a two-pronged and seemingly dichotomous problem – too many new clean energy projects without a grid to plug into, and too much clean energy already on the grid at times when no one needs it. But all of this is about to change as the world’s rate of electrification heads into overdrive.
The AI boom is reshaping energy systems, policy, investing, and infrastructure around the world. As the private sector races to build as many new data centers as it possibly can, the public sector is frantically trying to predict and adequately prepare for future energy demand.
The problem is that no one knows exactly how much energy the tech sector of the future will demand – but most experts project that it will be a whole lot. However, while we know that AI is extremely energy-intensive and that its integration will continue to expand at a rapid pace, scientists also argue that AI will be instrumental to increasing the energy efficiency of countless other sectors, creating a seriously messy spreadsheet for utilities to puzzle out.
But it is clear that we will need all of the clean energy we can get to power our ever-more electrified and data-driven world without tossing climate ambitions out with the bathwater.
This means that we can no longer afford to see new renewable power projects beset by grid-connection delays, nor can we afford to give away clean energy for free at peak production hours. As Utility Drive reported last week, “The era of ‘free’ excess renewable energy is over.”
This year, the world will see a record number of hours of negative electricity prices, as excess supply and low demand cause utilities to drop their prices below zero, effectively paying consumers to take energy off their hands.
While negative prices are a boon for consumers in the short term, they present a serious problem for investors and for power grids themselves. Plus, a lot of that excess energy ends up going to waste, since there is no profit to be made.
But Utility Drive reports that “with rising energy demand, wasting power will soon be an unaffordable luxury,” and that surpluses will very soon become a thing of the past. Making sure that no energy is wasted will require major advances in energy efficiency and energy storage, and especially long-duration energy storage (LDES).
LDES can capture excess electricity at peak production hours – when the sun is beaming on photovoltaic panels and the wind is roaring through turbines – and feed it back into the grid as needed, after sunset or even in later seasons when the daylight hours are shorter, for example.
Currently, global energy storage systems are dominated by lithium-ion batteries, even the best of which can only hold onto energy for a maximum of four hours, give or take.
Finding a longer-term solution will be critical to ramping up clean energy production to meet demand projections without compromising energy security.
There is currently a fierce global race to find a high-efficiency, affordable, and long-term storage solution to fit the increasing demands of our rapidly changing energy landscape.
The Economist has noted that, as a result of its integral importance, energy storage is heating up to be “clean energy’s next trillion-dollar business.”
Potential solutions vary wildly in approach and in materials, from huge weights for gravity-storage in high-rises to storing heat in mounds of sand or dirt, to name just a few projects from among a myriad of other technologies currently in development.
But not all of these storage solutions are created equal, especially in terms of efficiency – a factor which will soon become all-important as energy demand continues to rise.
“Round-trip efficiency, or RTE, will be a key determinant of which technologies can deliver at the scale and cost we need and which ones will perpetuate the pattern of waste,” reports Utility Drive. “The industry must prioritize high-efficiency LDES technologies now to achieve both our climate goals and economic viability.”
Ghana’s Minister for Energy and Green Transition, John Abdulai Jinapor, has reaffirmed the government’s commitment to strengthening collaboration with the World Bank to drive ongoing reforms and enhance efficiency within the country’s energy sector.
Mr. Jinapor made this known when he received a delegation from the World Bank, led by Dr. Robert Taliercio O’Brien, Country Director for Ghana, Liberia, and Sierra Leone, during a courtesy call on Monday.
The discussions, he noted, focused on key areas of partnership, ongoing reforms, and strategies to sustain and build on the progress achieved so far in the sector.
According to the Minister, his top priorities remain centred on three critical objectives— reducing system losses, improving operational efficiency, and ensuring affordable and reliable power for all Ghanaians.
“I emphasized that our focus is on strengthening the fundamentals of the energy sector to deliver sustainable, affordable, and reliable electricity to every Ghanaian,” Mr. Jinapor stated in a post on his Facebook wall.
He further noted that the Ministry is pursuing strategic efforts to secure additional generation capacity at lower costs, stressing that the government’s overarching objective is to obtain the most cost-effective new power sources to strengthen the sector and deliver long-term benefits to the nation.
The World Bank team, for its part, reaffirmed the institution’s role as a strategic partner to Ghana and expressed continued commitment to9 supporting the Ministry in achieving its objectives.
The former Managing Director of the Bulk Oil Storage and Transportation (BOST) Company Limited, now known as BOST Energies, Dr. Edwin Provencal, has reportedly been arrested by the Economic and Organised Crime Office (EOCO) while attempting to board a flight at the Kotoka International Airport.
Dr. Provencal was said to be en route to Mozambique for an engagement when the arrest took place.
It is not yet clear what necessitated EOCO’s action.
Some social commentators are linking his arrest to the previous administration’s Gold-for-Oil (G4O) programme.
However, this portal recalls that in October 2025, EOCO issued a statement debunking a report about the alleged arrest of the Chief Executive Officer of Springfield E&P, Mr. Kevin Okyere, in Dubai, following claims that the agency had failed to act on a petitioner’s case.
In that statement, EOCO clarified that it was investigating two cases. It explained that the first case involved Springfield E&P, while the second concerned a dispute between Springfield E&P and BOST, following a petition the office had received.
EOCO noted that the BOST–Springfield case was of significant economic importance, with immediate implications for BOST’s finances, making it a priority investigation.
This portal cannot confirm whether Dr. Provencal’s arrest is connected to the Gold-for-Oil programme or the Springfield E&P–BOST dispute.
Efforts by this portal to reach his lawyers for comment have so far been unsuccessful.
Power distribution companies in the Federal Republic of Nigeria metered 70,888 new electricity customers in August 2025, bringing the total number of metered customers across all Distribution Companies (DisCos) in the country to 6.58 million.
The Nigerian Electricity Regulatory Commission (NERC) disclosed this in its Metering Factsheet for July and August 2025.
According to the data, 70,888 customers were metered in August, compared to 76,783 in July—reflecting ongoing metering efforts across the Nigerian Electricity Supply Industry (NESI).
As of July 2025, the active customer population across all DisCos stood at 11.89 million, but increased to 11.96 million in August.
“Out of this figure, 6.58 million customers were metered, resulting in a metering rate of 55.01 per cent, which represents a slight increase from 54.71 per cent recorded in July,” the report stated.
The factsheet listed the top-performing DisCos as Eko (84.25 per cent), Ikeja (84.83 per cent), and Abuja (73.92 per cent).
It added that these figures highlight gradual progress in closing Nigeria’s metering gap and improving transparency and billing accuracy for electricity consumers.
Zambia’s Energy Regulatory Board (ERB) has shut down Uno Hillview Service Station in Chalala, Lusaka, following reports of fuel contamination at the station.
According to the ERB, after receiving a report of contamination, it directed the suspension of all fuel sales at the station and commenced investigations into the incident.
A statement issued by ERB Public Relations Manager, Namukolo Kasumpa, said preliminary investigations revealed that the incident occurred on Saturday, 8th November 2025, around 09:00 hours.
“Findings so far indicate that a petrol tank at the service station may contain residual water from the recent rainfall, which may have led to the contamination of the fuel,” the statement said.
The ERB assured the public that it is carrying out a full investigation to bring the matter to its logical conclusion, reaffirming its commitment to protecting consumers and ensuring the delivery of quality energy products and services.
Ghana’s Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, has called on world leaders to rally behind Ghana and Africa in achieving clean and sustainable energy across the globe.
Speaking on behalf of President John Dramani Mahama at a high-level summit of world leaders at this year’s COP30 in Brazil, he emphasized that Africa has the capacity to influence the world’s energy landscape due to its vast natural resources.
According to him, the continent is endowed with abundant solar, wind, and hydropower potential that can be effectively harnessed to address the global climate crisis.
As leader of Ghana’s delegation, he therefore urged the hundreds of world leaders present to tap into Africa’s natural endowments to drive the necessary transformation in the world’s energy and climate situations.
“The African position is clear. We are not asking for charity. We are asking for partnership in the truest sense,” the Minister stated.
“We stand ready to be a powerhouse of green energy for the world. But we cannot do it alone. Therefore, on behalf of a continent poised at a pivotal moment in history, I call upon this assembly and our developed partners around the world: We urge you to match our ambition with your action,” Ghana’s Lands and Acting Environment Minister stressed.
Minister Buah also noted that, now more than ever, there is a crucial need for world leaders to walk the talk on global climate financing.
He said this would go a long way toward preserving the environment and reducing the adverse impacts of climate change worldwide.
“The climate finance promised for so long must now flow — not just in words, but in predictable, concessional, and private-sector-leveraged investments that reach the communities who need them most,” the Minister stated.
“We need increased ambition for climate finance, with a significant portion dedicated to adaptation and recognition of Africa’s special circumstances,” Armah-Kofi Buah emphasized.
In his concluding remarks, he reiterated Ghana’s readiness to be a key player in addressing the climate challenge and called for stronger collaboration and partnerships.
“Let us leave Belém with a resolve to harness not only finance, but also technology, innovation, and artificial intelligence to accelerate justice, equity, and shared prosperity.
From the Volta to the Western shores, Ghana stands ready to power Africa’s clean future,” the Minister concluded.
COP30 is the world’s largest climate conference, convening global leaders in Belém, Brazil, to accelerate efforts to cut emissions, scale up climate finance, and support countries most affected by climate impacts.
The summit serves as a key milestone in advancing the goals of the Paris Agreement.
Ghana is currently being represented by accredited delegates and individuals in Belém, located in Brazil’s northern region.