Energy & Natural Resources

Oil and gas, power sector, renewables, mining, environmental regulation, and climate governance.

Nigeria Clears $128 Million Gas Debts to Reinforce Power-Supply Chain

Posted on by Newsroom Operations
Nigeria Clears $128 Million Gas Debts to Reinforce Power-Supply Chain

Abuja — In a major move aimed at stabilising Nigeria’s troubled electricity sector, the federal government has approved payment of 185 billion naira (approximately USD 128 million) to settle long-standing debts owed to natural gas producers supplying power generation companies (GenCos). The decision, endorsed by the National Economic Council (NEC), chaired by the Vice President, follows a directive from Bola Tinubu to clear legacy arrears that have undermined investment, strained cash flow, and restricted gas…

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African Nations Call for Realistic Energy Transition Amid Climate Finance Gaps

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African Nations Call for Realistic Energy Transition Amid Climate Finance Gaps

Belém, Brazil – As global climate finance talks ramp up at COP30 in Belém, Brazil, African countries are pressing for greater flexibility in energy transition demands — warning that a severe shortfall in funding threatens both climate goals and development priorities. At a high-level gathering under the banner of “Africa at the Forefront of Climate Action”, ministers, regional leaders and development bodies called for a new financing architecture that aligns climate ambitions with the continent’s…

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Offshore Oil Gains Momentum in Southern Africa

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Offshore Oil Gains Momentum in Southern Africa

Kimberley, South Africa – In a significant development for Southern Africa’s energy landscape, major offshore oil projects are advancing even as the continent grapples with ambitious climate and energy transition targets. Recent approvals for international oil firms to expand offshore operations highlight the persistent tension between economic growth imperatives and sustainable development objectives. South Africa’s national oil company, PetroSA, recently approved Shell as the majority partner in Block 2C, off the country’s west coast. The…

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