LATEST ARTICLES

Angola Produces 25,000 Barrels Of Oil, 50m Cubic Feet Of Gas From N’dola South Block

Angola has begun oil and gas production from the N’dola South Project, delivering approximately 25,000 barrels of oil per day and 50 million cubic feet of gas. Production commenced on December 24, 2025, according to the Angolan Ministry of Energy. The project integrates 12 wells and is jointly operated by the National Petroleum, Gas and Biofuels Agency (ANPG), Cabinda Gulf Oil Company Limited (CABGOC)—a subsidiary of Chevron in Angola and operator of Block 0—and other partners within the contractor group. The declaration of “first oil” marks the start of production destined for the Malongo Terminal in Cabinda, while the associated gas will be supplied to the Angola LNG plant. According to official documents, a significant portion of the project’s metal structures was manufactured locally, specifically in the provinces of Cuanza Sul and Cabinda. The platform consists of a jacket weighing about 1,100 tonnes and standing 73 metres high, built in Port Amboim, as well as upper structures weighing approximately 600 tonnes, manufactured in Malembo and assembled in Malongo, Cabinda Province. The investment also includes a 15-kilometre production pipeline connecting the platform to the Mafumeira complex, which receives and processes production from N’dola South. Speaking on the milestone, the Chairman of the Board of Directors of ANPG said the first oil from the N’dola South Project represents another successful step in the sector’s investment programme by partners who have shown confidence in Angola. Paulino Jerónimo added that the achievement reflects significant progress in local content development, noting that the project’s main structure was manufactured domestically by Angolan professionals in compliance with international quality and environmental standards. Meanwhile, Chevron’s General Manager for Southern Africa, Frank Cassulo, said the project demonstrates CABGOC’s commitment to promoting local content in Angola and efficiently developing resources in Block 0. He added that the construction phase generated more than 800 jobs for Angolans. Block 0 is operated by Cabinda Gulf Oil Company Limited (CABGOC) and includes partners Sonangol E.P., with a 41% stake, TotalEnergies with 10%, and Azule Energy with 9.8%.

Turkey Secures $9bn Funding From Russia For Akkuyu Nuclear Plant

Turkey has received $9 billion in new financing from Russia for the construction of the Akkuyu nuclear power plant, said Alparslan Bayraktar, Minister of Energy and Natural Resources. Russia’s Rosatom is building Turkey’s first nuclear power station in the Mediterranean province of Mersin under a $20 billion agreement signed in 2010. The plant was originally scheduled to begin operations this year but has faced delays. Bayraktar said the newly secured financing is expected to be deployed mainly in 2026 and 2027, with $4–5 billion anticipated to be used in 2026 as part of foreign funding inflows. According to a local report citing Reuters, the plant has been delayed after Germany’s Siemens Energy withheld key parts, prompting Russia’s Rosatom, the builder and owner, to buy them in China. Beyond Akkuyu, the minister said Turkey is holding discussions with South Korea, China, Russia, and the United States regarding potential nuclear projects in the Sinop province and the Thrace region, stressing that Ankara is seeking the most competitive proposals. Bayraktar also highlighted Turkey’s broader energy diversification plans, noting ongoing talks with Saudi Arabia’s ACWA Power over a 5,000-megawatt solar energy package. He said an agreement for the first phase, covering 2,000 megawatts (MW), is expected to be completed in the first quarter of 2026, with projects planned in Sivas and the Taşeli region. In addition, Turkey is in discussions with another Gulf-based company on a combined solar and energy storage project, which could involve investments of between $1.5 billion and $2 billion, Bayraktar said, without disclosing further details.  

Nigeria’s Power Grid Collapses Days To End Of 2025

Nigeria’s national electricity grid collapsed on Monday afternoon, disrupting power supply across Africa’s most populous nation. The Nigeria Independent System Operator (NISO) confirmed this on X formerly Twitter. The collapse occurred around 3:00 p.m. local time, according to local media reports. Data from electricity Distribution Companies (DisCos) showed that only the Ibadan Electricity Distribution Company and the Abuja Electricity Distribution Company received power at the time, recording allocations of 30 megawatts (MW) and 20 MW respectively. All other operators—including Benin, Eko, Enugu, Ikeja, Jos, Kaduna, Kano, Port Harcourt, and Yola DisCos—were allocated zero megawatts. Nationwide electricity distribution fell to just 50 MW, far below normal operating levels, leaving homes, businesses, and critical services without adequate power. The Nigerian National Grid (NNG) reported that efforts to restore the grid were ongoing at the time of filing this report. With only 50 MW supplied nationwide, the collapse ranks among the most severe power disruptions in recent years. The near-total blackout affected not only households but also businesses and public infrastructure that depend on a stable electricity supply. As of the time of reporting, no official explanation had been provided by the Transmission Company of Nigeria or the Federal Ministry of Power, leaving the cause of the collapse and the expected restoration timeline unclear. Prior to this incident, the country had already been shedding load due to supply constraints.

Ghana: ECG Workers Hoist Red Flags To Protest Gov’t Plan To Appoint Transaction Advisor For PSP

Workers in Ghana’s power sector, under the aegis of the Public Utilities Workers Union (PUWU), have begun a nationwide protest by hoisting red flags to oppose the government’s plan to appoint a transaction advisor, following the official launch of the Guiding Framework for Private Sector Participation (PSP) in the electricity distribution sector. The workers say the move could threaten the future of the Electricity Company of Ghana (ECG) and have warned of further industrial action if the government fails to suspend the intended appointment. According to PUWU, private sector participation in the electricity distribution sector is unnecessary, arguing that ECG is on track to meet key performance indicators agreed between the company and the Minister of Energy, Dr. John Abdulai Jinapor, during a recent meeting. Red flags now adorn ECG offices across the country as part of the protest. Addressing the media on Monday, PUWU General Secretary Timothy Nyame said workers remain committed to the effective functioning of ECG but insist that the appointment of a transaction advisor must be suspended. He warned that agitation could escalate if the government ignores their concerns. Deputy Secretary General of the Trades Union Congress (TUC), Dr. Kwabena Nyarko Otoo, also cautioned that the move could disrupt industrial peace and urged the government to reconsider its decision. The TUC maintains its long-standing opposition to the privatization of state-owned utilities. There are also questions over whether the proposed appointment of the transaction advisor is linked to Ghana’s programme with the International Monetary Fund (IMF). For now, workers say the red-flag protest will continue until their concerns are addressed.

Ghana: ECG Restores Services For MMS-Compliant Meters

The Electricity Company of Ghana (ECG) has restored services for its MMS-compliant meters following the resolution of a technical challenge that affected electricity credit purchases a few days ago. Customers can now purchase electricity credits via the ECG Power App, the short code 226#, and approved third-party vendors. ECG expressed appreciation to customers for their patience and cooperation during the disruption.

Zambia, Zimbabwe Reaffirm Strategic Power Investments To Strengthen Regional Energy Security

The Government of the Republic of Zambia, through the Minister of Energy and Chairperson of the Zambezi River Authority (ZRA) Council of Ministers, Mr. Makozo Chikote, has reaffirmed Zambia and Zimbabwe’s commitment to strategic power generation and transmission investments aimed at enhancing energy security, resilience, and regional integration. Speaking at the 43rd Ordinary Meeting of the ZRA Council of Ministers held at Elephant Hills Resort in Victoria Falls, Energy Minister Makozo Chikote said the two countries were intensifying collaboration on key energy infrastructure projects following climate-induced challenges that have adversely affected hydropower generation at the Kariba Complex. The Minister identified the Batoka Gorge Hydro-Electric Scheme (2,400MW) as a priority bilateral investment, describing it as a transformative project expected to drive industrialisation, job creation, and economic growth in both countries. He urged the Zambezi River Authority to fast-track implementation by executing project milestones in parallel, in line with directives from the two Heads of State. Mr. Chikote further underscored the importance of regional transmission infrastructure, highlighting the Zimbabwe–Zambia–Botswana–Namibia (ZIZABONA) Phase I Project, which will provide an alternative power wheeling route between Zambia and Zimbabwe. The project is expected to address existing transmission constraints and enhance power trading under the Southern African Power Pool. On infrastructure sustainability, the Minister announced continued progress on the Kariba Dam Rehabilitation Project, noting that plunge pool reshaping was completed in 2024, Spillway Refurbishment Phase I was completed in November 2025, and Phase II works are currently at 30 per cent completion. He said the rehabilitation programme remains a critical investment to safeguard the long-term structural integrity and operational safety of the Kariba Dam. In line with Zambia’s energy diversification agenda, Mr. Chikote welcomed support from the African Development Bank, including a US$1 million allocation towards feasibility studies for a floating solar photovoltaic plant on Lake Kariba, noting that the project will complement hydropower generation and strengthen energy resilience in the face of climate variability. Meanwhile, the incoming Chairperson of the ZRA Council of Ministers and Zimbabwe’s Minister of Energy and Power Development, Mr. July Moyo, MP, commended the Zambezi River Authority for the prudent management of the shared water resource despite challenging hydrological conditions. He further praised the strong partnership between Zambia and Zimbabwe, stating that collective planning and cooperation have been central to addressing energy challenges and sustaining power supply in both countries. Mr. Chikote reaffirmed Zambia’s commitment, under the leadership of President Hakainde Hichilema, to deepening bilateral cooperation with Zimbabwe to ensure reliable, affordable, and sustainable energy that supports economic growth and regional development. Zambia has formally handed over the Chairpersonship of the Zambezi River Authority Council of Ministers to Zimbabwe.

Texas Launches $350 Million Nuclear Energy Initiative

Texas Governor Greg Abbott has congratulated the Texas Legislature for passing House Bill 14, saying it will help revolutionize Texas’ energy sector and cement the state’s role in leading a nuclear power renaissance in the United States. “Texas is the energy capital of the world, and this legislation will position Texas at the forefront of America’s nuclear renaissance,” said Governor Abbott. “By creating the Texas Advanced Nuclear Energy Office and investing $350 million–the largest national commitment–we will jumpstart next-generation nuclear development and deployment. “This initiative will also strengthen Texas’ nuclear manufacturing capacity, rebuild a domestic fuel cycle supply chain, and train the future nuclear workforce. I look forward to signing it into law. The U.S. nuclear power sector is seeing renewed momentum as electricity demand rises, particularly from data centers, alongside policy support for carbon-free generation and growing interest in long-duration, firm power. Large technology companies are increasingly positioning themselves around nuclear energy through long-term power contracts, development partnerships, and early-stage investments, marking a shift from decades of limited new nuclear deployment. Microsoft has signed a 20-year power purchase agreement with Constellation Energy tied to the company’s nuclear generation fleet, as Constellation evaluates the future of assets including the Three Mile Island site in Pennsylvania. Separately, Microsoft is backing nuclear fusion development through its partnership with Helion Energy. Alphabet has partnered with nuclear startup Kairos Power to support the development of small modular reactor technology, with the aim of sourcing power from future reactors expected to come online in the 2030s. Google has also invested in fusion developer TAE Technologies and early-stage fission company Elemental Power. Meta Platforms has also signed a 20-year agreement with Constellation Energy for electricity from an existing nuclear reactor in Illinois and has issued a request for proposals seeking 1–4 gigawatts of new nuclear capacity in the United States. Meanwhile, TerraPower, founded and backed by Microsoft co-founder Bill Gates, is developing a sodium-cooled fast reactor, with a demonstration project underway in Wyoming. Oklo, backed by OpenAI chief executive Sam Altman, is developing small-scale nuclear reactors aimed at supplying power to data centers, with the company targeting initial deployment later this decade, subject to regulatory approval.

South Africa: Severe Weather Hampers Power Restoration Across South Africa – Eskom

South Africa’s power utility, Eskom, has reported that severe weather conditions have disrupted its electricity networks nationwide, slowing power restoration efforts. According to Eskom, the adverse weather has led to a sharp increase in faults across its supply areas countrywide. While major disruptions in the Eastern Cape have largely been resolved, the KwaZulu-Natal, Limpopo, and Free State provinces remain severely affected, the utility said in a statement issued on Sunday. Eskom explained that its teams are on the ground repairing damaged infrastructure to restore supply to affected communities, including Tzaneen and Mashashane in Limpopo. The utility noted that the prevailing conditions are placing significant strain on response times, particularly in areas where access is restricted due to flooding, damaged infrastructure, or unsafe terrain. Despite these challenges, Eskom said its teams are working around the clock to restore electricity supply safely and as quickly as possible. “We sincerely appreciate the patience and understanding of our customers during this holiday period,” Eskom said. “For safety reasons, customers are reminded to always treat electrical networks as live, even when supply appears to be off.”  

Ghana: ECG Reports Technical Challenge With MMS-Compliant Meters, Assures Swift Fix

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The Electricity Company of Ghana (ECG) has reported a technical challenge affecting the purchase of electricity credits for MMS-compliant meters through the ECG Mobile App, short codes, and third-party vendors. In a statement, ECG assured customers its technical team is working to resolve the issue swiftly. The company apologized for the inconvenience caused.      

Ghana: TOR Confirms Restart Of Crude Oil Processing After Years Of Inactivity

Management of Tema Oil Refinery (TOR) Ltd. has confirmed the restart of crude oil refining at the facility, as earlier reported by this portal last Sunday, marking a major milestone in Ghana’s downstream petroleum sector after several years of inactivity. The refinery resumed crude oil processing at its Crude Distillation Unit (CDU) on Friday, December 19, 2025, and is currently processing approximately 28,000 barrels of crude oil per stream day. This development comes as welcome news to Ghanaian petroleum consumers and industry stakeholders who had grown increasingly concerned about the refinery’s deteriorating condition over the years. The restart follows extensive rehabilitation works on the CDU carried out between August 1 and October 30, 2025. The maintenance programme was executed in line with strict international engineering, safety, and operational standards to ensure the ageing facility meets modern performance benchmarks. In a statement issued on Saturday, December 27, TOR attributed the refinery’s revival to sustained government support and clear policy direction. The company specifically commended President John Dramani Mahama for his vision, leadership, and commitment to restoring TOR as a critical pillar of Ghana’s energy infrastructure. It also praised the Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, for providing technical oversight and aligning the turnaround process with national energy priorities. TOR further extended appreciation to its Board of Directors, management team, and entire workforce for their resilience, professionalism, and determination throughout the prolonged period of inactivity. Management stressed that staff played a central role in preparing the plant for restart and remain committed to sustaining the refinery’s renewed momentum while achieving operational excellence. The Board and Management also expressed gratitude to stakeholders and the Ghanaian public for their patience, confidence, and continued support throughout the refinery’s long road to recovery.        

Nigeria: Newly Appointed NUPRC CEO Assumes Office

Nigeria’s newly appointed petroleum upstream regulator Mrs. Oritsemeyiwa Eyesan, has assumed office with a strong commitment to advancing the country’s upstream oil and gas sector in line with the Commission’s mandate as enshrined in the Petroleum Industry Act (PIA) 2021. Speaking at her first town hall meeting with management and staff on Tuesday, December 23, 2025, Mrs. Eyesan disclosed plans to position the Commission as a business enabler and to reignite investment in the upstream sector. She also outlined a firm production ambition aimed at growing Nigeria’s crude oil output and increasing gas production. “The goal is that we must enable the industry. We are regulators, and we must enable the industry through our interactions with stakeholders and with everyone,” she said. “My main objective is to ensure that we make a difference. I believe the NUPRC is at the centre of the industry,” she added. The Commission’s new boss, who has served for over three decades in the oil and gas sector, promised to entrench digitisation, transparency, and efficiency in the Commission’s operations. The CEO stated that, with the support of staff and management, the NUPRC would become the gold-standard regulator in Africa. She also pledged to prioritise capacity development, strengthen technical expertise, and sustain engagement with stakeholders, unions, and professional bodies. On her leadership style, Mrs. Eyesan promised an open-door policy and frequent staff engagement, while soliciting the support and cooperation of employees as the industry enters its next phase of transformation. “If we work together, we can unleash opportunities. I do not see impediments—only opportunities,” she added. Mrs. Eyesan takes over from Mr. Gbenga Komolafe, who resigned from the position a few days ago after successfully leading the Commission and helping to increase Nigeria’s daily crude oil output.  

Zambia: Gov’t Approves Pilot Petrol Bulk Importation To Drive Costs Lower

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The Zambian government has approved a pilot programme for the bulk importation of gasoline, popularly known as petrol, to be implemented over a four-month period through a limited bidding process. The decision was taken by Cabinet during its final meeting for 2025, held on December 23, according to the Chief Government Spokesperson and Minister of Information and Media, Cornelius Mweetwa. The primary objective of the pilot programme is to lower the average cost of fuel imports by aggregating demand across multiple oil marketing companies, thereby unlocking economies of scale. According to Mr. Mweetwa, the initiative is expected to provide access to more competitive international purchase prices, improved financing terms, enhanced risk management, and greater operational efficiency. He added that Cabinet noted the programme is also designed to streamline distribution logistics, improve supply chain efficiency, ensure optimal utilisation of fuel storage depots, and ultimately deliver more affordable fuel to consumers while strengthening national fuel supply security.  

OPEC Secretary-General: Does The ‘Fossil Fuel’ Label Require A Rethink?

Precision is fundamental to science. This is particularly the case regarding accurate terminology. Unfortunately, within the discourse on future energy pathways, there is a widely used term that falls far short of the threshold of precise scientific terminology, namely ‘fossil fuel’ and its applicability as a description of crude oil. Three factors demonstrate its imprecision. The first relates to the word ‘fuel.’ Crude oil in and of itself is rarely used directly as a fuel. Rather it is refined into thousands of different products, some of which are fuels, many of which are not. Such oil-derived products are used in almost every economic sector and every stage of daily life. That is not to downplay oil’s importance as a fuel. However, to define it only as a fuel mischaracterizes how we use it. According to OPEC’s World Oil Outlook 2025, the petrochemical industry will be the single largest contributor to global incremental oil demand growth in the period 2024-2050. The second factor relates to the origin of the term ‘fossil fuel.’ The word ‘fossil’ comes from the Latin, fossilis, meaning obtained by digging. The first recorded use of the term ‘fossil fuel’ was defined in this regard. It came in a 1759 English translation of ‘The Chemical Works of Caspar Neumann’ and was used to distinguish material used for fuels that were dug from beneath the ground from those that came from above the ground like wood and charcoal. This definition referred to extraction methodology rather than chemical composition. Science has evolved a lot since 1759. Is it appropriate that an outdated eighteenth-century term is used to describe modern energy sources and commodities? The third factor that shows the term’s imprecision is the important differences between the geological formation of fossils and oil. Fossilization involves organic matter, buried in sediment, being preserved over geological time, becoming a stony substance. Oil comes from ancient organic matter, primarily plankton and decaying marine organisms, being buried under layers of sand, silt and rock. Over millions of years, intense heat and pressure from these burial layers cook the matter, transforming it into hydrocarbons, including crude oil. There is a key difference: fossilization involves organic matter being set in stone and preserved. The formation of oil involves organic matter being cooked and transformed into liquid. There are those that may argue, even if the term is deficient, as it is popularly used to describe coal, oil and gas, it should just be accepted. The counterargument to this is on issues regarding climate change, we are constantly told to listen to science. Are generic terms compatible with the rigour of scientific precision? Should they be used, despite their vagueness or ambiguity, in a scientific context or discussions on the world’s energy future? The reality is that rather than being a term of scientific precision, too often, ‘fossil fuel’ is bandied as a slur, a derogatory way of dismissing energy sources. It feeds into a narrative that some energies are morally superior to others, distorting what should be discussions on reducing greenhouse gas emissions into a misguided debate about replacing energy sources. The imprecision of the term ‘fossil fuel’ has also given rise to many myths about oil, one of the most common being that oil comes from dinosaur bones. This is clearly not the case. All this underscores the fact that there are too many misnomers or terms lacking scientific precision in the energy industry. Rather than present reality, they distort and provoke. For discussions on future energy pathways, it is imperative that we understand what oil is, how it forms and how we use it in daily life. Otherwise, we risk jeopardizing the present in the name of saving the future. Based on this, is it not time that the world rethinks the appropriateness of the term ‘fossil fuels’?

BP Sells Stake In Motor Oil Arm Castrol For $6bn

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BP has struck a $6bn (£4.4bn) deal to sell a majority stake in its motor oil division Castrol to a US investment firm.

The oil giant sold a 65% stake in Castrol, which makes lubricants for cars, motorcycles and industrial vehicles, to New York-based Stonepeak.

The deal valued Castrol at $10.1bn (£7.5bn), with BP receiving $6bn in cash, which it will use to pay down debts and allow it to focus on its core business.

BP will hold onto a 35% stake in Castrol, which it first took control of in 2000.

The London-based oil major said the sale is a “milestone” in its plans to overhaul its business and strip out costs. BP in February announced plans to sell off $20bn (£15bn) worth of assets in a bid to focus on its core crude oil and gas business and strengthen its balance sheet. The company says it is over half way toward meeting its target. It is also shifting its strategy away from investment in green energy and renewing its focus on oil and gas following pressure from some investors who were frustrated that its profits and share price had lagged behind rivals. Rivals Shell and Norwegian company Equinor have also scaled back plans to invest in green energy and US President Donald Trump’s call to “drill baby drill” has encouraged firms to invest in fossil fuels. The Castrol sale comes a week after BP unveiled its first female chief executive, Meg O’Neill, who will take the helm in April 2026. Her surprise appointment came only three months after BP appointed a new chairman, Albert Manifold. And she was handed the top job less than two years after Murray Auchincloss took over from Bernard Looney as chief executive. Wednesday’s deal is the latest in a series of sales by the firm, which included offloading its US onshore wind energy business and its Dutch mobility and convenience arm. Interim chief executive Carol Howle said the sale is a “very good outcome for all stakeholders”. “We are reducing complexity, focusing the downstream on our leading integrated businesses, and accelerating delivery of our plan,” she added. Russ Mould, investment director at AJ Bell, said the deal was “an early Christmas present” for BP shareholders. “The significant proceeds from the transaction will allow BP to make a decent dent in its onerous borrowings pile. It also means it is well on the way to achieving its goal of $20 billion worth of divestments by 2027,” he said. Shares in BP opened higher on Wednesday morning on the news, before giving up most of their gains.