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Eesti Energia launches voluntary takeover bid of Enefit Green
Eesti Energia, Estonia’s state-owned energy group, has launched a takeover bid to acquire full ownership of its renewables subsidiary, Enefit Green, the largest wind energy producer in the Baltics.
Saudi national afforestation programme to launch digital monitoring platform
Saudi Arabia's National Afforestation Programme will soon launch an electronic platform to monitor projects interactively and provide accurate, real-time reports to officials and stakeholders.
Nigeria’s electricity distributors report $331mn revenue in Q4 2024 amid improved collections
Electricity distribution companies (DisCos) in Nigeria generated revenue of NGN509.84bn ($331mn) in the fourth quarter of 2024, achieving a collection efficiency rate of 77.44%.
Nigerian Exchange chairman appointed to Africa Oil Corp board amid leadership overhaul
South African legislators deem strategic fuel reserves “insufficient” to address potential major supply disruptions
Members of South Africa’s Portfolio Committee on Mineral and Petroleum Resources have expressed concern over the limited availability of the country’s strategic crude oil reserves.
Panama revokes 128 ship registrations in crackdown on Russia and Iran’s shadow fleet
Panama has intensified its crackdown on sanctioned vessels by revoking the registration of 128 ships, a move primarily targeting the "shadow fleet" facilitating oil exports from Russia and Iran.
France's Investisseurs & Partenaires supports Zimbabwean start-up NeedEnergy
Zimbabwean tech start-up NeedEnergy has received funding from French high-impact investor Investisseurs & Partenaires (I&P), under its $5.2mn I & P Digital Energy Programme.
Bayas del Sur inaugurates Chilean battery storage system
Bayas del Sur, a Chilean company specializing in berry product processing, has inaugurated a new 200-kW, 800-kWh battery energy storage system at its facility in Purranque, Los Lagos region.
Ghana secures $25bn climate deal in major public-private partnership
Ghana has struck a landmark $25bn agreement with the private sector to combat climate change and drive sustainable development, marking one of the largest nature-based initiatives globally.
Nigerian oil company NNPCL advances plans for public listing under 2021 reform mandate
Nigeria's state-owned oil corporation NNPCL is entering the final phase of preparations for an initial public offering (IPO), in a strategic effort to transition into a fully commercial entity as mandated by the Petroleum Industry Act (PIA) of 2021.
Ukraine's gas consumption forecast to rise in 2025, deputy minister says
Ukraine’s gas consumption is expected to increase in 2025, reaching between 21.8 and 22 bcm.
Ugandan Parliament approves $118mn payout for electricity distributor Umeme, rejecting $234mn claim
Uganda’s Parliament has approved a $118mn buyout payment to Umeme Limited, dismissing the electricity distributor’s demand for $234mn following the end of its 20-year concession.
Turkish conglomerate Calik Holding mulls expanding operations in Kazakhstan
Ahmet Calik, chairman of Turkey’s Calik Holding, has expressed an interest in expanding the conglomerate’s operations in Kazakhstan with a focus on nonferrous metals mining and a potential entry into the country’s gas sector.
South Korea’s KHNP holds meeting with Kazakhstan’s Nuclear Energy Agency in Astana
Korea Hydro & Nuclear Power (KHNP), a subsidiary of Korea Electric Power Corporation, and Kazakhstan’s newly formed Nuclear Energy Agency (NEA) held a meeting in Astana to explore potential collaboration in the development of nuclear energy.
Ghana to raise $1.1bn in 2025 to settle Eni gas debt
Ghana’s government plans to raise $1.1bn in 2025 to settle outstanding payments owed to Italian energy giant Eni for gas supply, as financial strain mounts in the country’s energy sector.
US sends Kyiv an even harsher fourth version of the mineral deal
A new draft of the proposed US-Ukraine minerals deal has drawn criticism in Kyiv as the new demands are even harsher than the previous three versions.
Malaysian government under scrutiny over Sapura Energy financial crisis
The company’s debt started ballooning due to aggressive expansion strategies that started in 2018, when it sought external financing to sustain operations, taking on multi-currency loans from various financial institutions.
India’s nuclear power generation capacity rises to 35,333 MW
India’s nuclear power generation capacity has increased from 22,480 MW in 2014 to 35,333 MW currently, while installed capacity has doubled from 4,780 MW to 8,880 MW
EACOP secures first tranche of financing as East African oil pipeline construction advances
EACOP Ltd. has secured the first tranche of external financing for the East African Crude Oil Pipeline (EACOP), with funding from a syndicate of financial institutions
Equinor extends Floatel Victory contract for Brazil offshore operations
Norwegian energy firm Equinor has extended its contract with Floatel International for the Floatel Victory accommodation unit at its Peregrino oilfield offshore Brazil.
Pará’s bioeconomy push could boost GDP and jobs in Brazil
Pará state could become a centre for Brazil’s bioeconomy, with BRL720mn ($125.3mn) in investment potentially adding BRL816mn to GDP and generating BRL44mn in tax revenue.
Brazil pushes for ethanol edge in Japan
A Brazilian delegation in Japan is advocating for the country to prioritise Brazilian ethanol under a new biofuel mandate, arguing it has a lower carbon footprint than US ethanol.
Colombia’s Cerrejón cuts coal output as Asia becomes key market
Cerrejón, Colombia's largest coal mine operated by Glencore, plans to cut its annual production by 5 to 10mn tonnes, reducing output to between 11 and 16mn tonnes, citing unsustainable maritime transport costs for thermal coal.
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