Oil & Gas Market Updates

ACEP Seeks Next Generation Leaders to Strengthen Africa’s Energy Governance Landscape With Next Generation Resource Governance Leaders Program 2027

As Africa accelerates efforts to expand energy access, attract investment and develop its natural resources responsibly, the need for skilled governance professionals is becoming increasingly critical. To help address this challenge, the Africa Centre for Energy Policy (ACEP) has opened applications for its 2027 Next Generation Resource Governance Leaders Programme, a fully funded initiative designed…

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Tetracore Expands Integrated Energy Footprint Across Africa

As African economies pursue industrial growth and greater energy security, integrated infrastructure developers are emerging as key enablers of the continent’s energy transition. Among them, Tetracore Energy Group is expanding its footprint across Nigeria and beyond through investments in gas infrastructure, power generation and industrial energy projects. Founded in 2022, the company has adopted an…

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H1 and Revego Assess Merger to Create Over $800M Renewable Energy Investment Platform

H1 Holdings and Revego Fund Managers are evaluating a merger that would create one of South Africa’s largest specialist renewable energy equity platforms, with a combined asset base of about $800m.The proposed deal would unite H1 Holdings’ portfolio of operational renewable assets with the Investec-backed Revego Africa Energy Fund platform, creating a larger vehicle aimed…

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QatarEnergy Strikes Promising Oil Discovery in Namibia’s Orange Basin

QatarEnergy has reported a significant oil discovery offshore Namibia following the successful drilling of the Merlin-1X exploration well in Petroleum Exploration Licence 39 (PEL 0039), reinforcing growing industry confidence in the Orange Basin’s hydrocarbon potential. The Merlin-1X well, the tenth drilled under the licence, has delivered the most encouraging subsurface results recorded within the block…

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CleanMax Deepens Renewable Energy Alliance with Meta as New 837 MW Portfolio Drives Market Optimism

Shares in Clean Max Enviro Energy Solutions climbed sharply on Wednesday after the company announced a significant expansion of its renewable energy partnership with technology giant Meta, reinforcing investor confidence in the growing demand for corporate clean energy procurement in India. The renewable energy developer revealed that it has signed agreements with Meta to develop…

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Zambia Pioneers Debt-Linked Energy Financing Model, A New Blueprint for Africa

Zambia is advancing an innovative financing mechanism that could reshape how African governments address sovereign debt burdens while funding critical energy infrastructure. By combining debt management with targeted investment in power networks, the country is testing a model that may offer a new pathway for fiscally constrained economies seeking to modernise their electricity systems. At…

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EU Looks to North Africa to Support Energy Transition

The European Union is strengthening its push for clean energy imports by investing in renewable energy projects across North Africa and the Middle East, aiming to enhance energy security while supporting its long-term decarbonisation goals. This week, the European Commission announced a $5.8 billion funding package for renewable energy infrastructure in the region. Brussels expects…

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Africa Dominates Global Off-Grid Solar Market as Nigeria Fuels Growth

Africa strengthened its position as the world’s leading off-grid solar market in 2025, accounting for more than 90% of global sales as demand for decentralised energy solutions continued to grow across the continent. According to the 2025 Global Off-Grid Solar Market Report from the Global Off-Grid Lighting Association (GOGLA), sub-Saharan Africa recorded sales of 9.26…

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Tobechukwu Arize’s PowerLabs Helps Reduce Energy Costs and Improve Resilience

Nigerian entrepreneur Tobechukwu Arize is positioning PowerLabs at the forefront of industrial energy management, developing technology solutions designed to help businesses gain greater visibility over energy consumption and improve operational efficiency. Headquartered in San Francisco, PowerLabs was established in 2023 with a mission to address one of the most pressing challenges facing commercial and industrial…

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Petrobras Expands West African Footprint with Eight Offshore Blocks in Côte d’Ivoire

Brazilian energy major Petrobras is set to significantly strengthen its presence in West Africa after advancing production sharing contracts for eight offshore exploration blocks in Côte d’Ivoire, a move widely viewed as a vote of confidence in the region’s upstream potential. The agreements, which have been welcomed by the African Energy Chamber (AEC), cover approximately…

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