Skip to content
Africa posts rising FDIs, suffers low finance access
Sopuruchi Onwuka Latest global trade reports show the incongruity of Africa’s rising foreign direct investments and low access to development finance; highlighting the predicament of world’s least developed countries, especially West Africa, where nations remain consistently remain in search of…
Shell dismisses BP acquisition rumour
Shell said weekend that it has not actively considered an offer to buy over BP and would still not do so, according to a report by Oilprice. The clarification came in response to media report which in the week sparked…
Global energy investments indicate shifting demand patterns
Sopuruchi Onwuka The declaration by the International Energy Agency (IEA) that some 67 percent of the $3.3 trillion of global energy investments in 2025 is dedicated to development of clean energy amplifies the staggered but determined move by global institutions…
EU sets 2027 deadline to cut Russian gas imports
As the European Union seeks to end its dependency on Russian energy, the European Commission is set to propose this week a ban on new contracts for natural gas supply with Russia on the basis of trade law, which needs…
ADNOC-led consortium throws in $18.7 bn bid for Santos
Sopuruchi Onwuka A consortium led by Abu Dhabi National Oil Company (ADNOC) has thrown in attention-grabbing $18.7 billion offer to acquire Australia’s second-largest gas producer, Santos, in a bid that focuses on the future potentials of both companies when merged…
Nigeria’s Aka Nwokedi appointed IGU’s Coordinator
Sopuruchi Onwuka , President of the Nigerian Gas Association (NGA), Mr Aka Nwokedi, has been appointed the African Regional Coordinator of the International Gas Union (IGU), making him one of the few Africans that have taken strategic roles in the…
Africa Energy Bank: Will Nigeria miss another great opportunity?
Sopuruchi Onwuka The delay in the full funding and activation of the highly anticipated African Energy Bank (AEB) clearly falls into pattern with the inability of African countries to muster critical collaborative thrust in pushing collective agenda; it reinvents the…
Trump’s sanctions on Iran re-ignite oil market volatility
Sopuruchi Onwuka The US Department of Treasury weekend announced new sanctions on Iran, targeting 10 individuals and 27 commercial entities as nuclear negotiations seemingly hit a roadblock after Tehran rejected the idea of transferring its inventory of enriched uranium. More…
Clean energy forms 67% of global $3.3 trn energy investments
Sopuruchi Onwuka Despite the deceleration of demand migration from fossil fuels amid supply uncertainties from new energy sources, investors have continued to express strong confidence in the future of green energy which now commands global investment decisions. And China which…
Africa-Paris Declaration: Financing Africa’s energy future
[NJ Ayuk] The African Energy Chamber’s Africa-Paris Declaration reaffirms the continent’s commitment to pragmatic energy development, investor-driven partnerships and equitable energy access — with financing at the heart of the conversation. Following the Invest in African Energy Forum in Paris…
