Energy and Resources

Regulatory Revisions Energize Electricity Sector Growth Eng. Ziria Tibalwa Waako, Electricity Regulatory Authority, (ERA) CEO talks to World Business Journal about beneficial regulatory changes, improving the investment climate for renewables, and moves towards a universal clean energy access target by...

In a significant development, member countries of OPEC+ have come to a consensus on a new output target of 40.46 million barrels per day (bpd) beginning in 2024. The agreement, outlined in a statement issued by the group, reflects their collective commitment to maintaining stability in the oil market.

Stellantis, the multinational automotive company, has entered into a new agreement with Vulcan Energy Resources, an Australian lithium supplier listed on the stock exchange.

China Energy Investment Corporation (China Energy) has recently unveiled the largest carbon capture project in Asia tailored specifically for the coal-fired power sector. The cutting-edge facility, situated in Jiangsu Province in eastern China, has commenced operations, marking a significant step towards curbing carbon dioxide (CO2) emissions.

  Kuwait's Vision 2035 places a strong emphasis on infrastructure development, leading to increased demand for advancements in the country's national infrastructure. KPMG, a prominent audit and advisory services group, highlights Kuwait's robust pipeline of infrastructure projects valued at an...

NEOM Green Hydrogen Company (NGHC) has achieved a significant milestone by securing financial close for the world's largest green hydrogen production facility. The company finalized financial deals with 23 local, regional, and international banks and investment firms, resulting in a total investment value of $8.4 billion. The facility, located in Oxagon, NEOM, Saudi Arabia, is currently under construction.

Uganda and Tanzania proudly unveiled the Kikagati Hydropower Project (Kikagati HPP), a groundbreaking initiative that marks the first cross-border hydropower project between the two nations.

  Amid fanfare and high expectations, Nigeria’s outgoing President, Muhammadu Buhari, commissioned the much-vaunted Dangote refinery alongside his counterparts from Ghana, Togo, Senegal, Niger, and Chad. The massive 650,000 barrels per day oil plant sits on 2,635 hectares of land...

  The Democratic Republic of Congo’s Hydrocarbons Ministry has revealed that talks are underway with neighbouring Uganda to use the latter’s $3.5 billion 1,445-kilometer pipeline dubbed as East African Crude Oil Pipeline (EACOP).  If all goes well, Uganda is expected...

Twelve companies have been awarded 20 concessions in Britain’s first-ever carbon storage licensing round, the North Sea Transition Authority announced