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ALGERIA PARTNERS WITH CHEVRON, RESOLVES DISPUTE FOR ENERGY SECTOR GROWTH.
Algeria is venturing into new territory in energy industry growth by forging alliances with prominent international developers to tap into its vast potential in the oil and gas sectors. in a recent development, Algerian energy giant Sonatrach and its us counterpart chevron have signed a memorandum of understanding to explore opportunities for developing hydrocarbon resources in areas of mutual interest within the Ahnat and Berkine basins.
- 1 year, 11 months
AUSTRALIA IS BUILDING A GIANT ELECTRICITY STORAGE BATTERY.
Australia is making strides to bolster its capacity to accommodate the surge in renewable energy production, a cornerstone in its strategy to combat greenhouse gas emissions and address the pressing challenges of climate change.
- 1 year, 11 months
THE LARGEST SOLAR POWER PLANTS IN THE WORLD.
Chinese dominance is evident in the compilation of the world's largest solar power plants, where they claim five spots out of ten. Notably, the recently inaugurated Xinjiang Farm stands as the largest globally, boasting a capacity of 5 GW.
- 1 year, 11 months
GLOBAL OIL FLOWS THROUGH CAPE OF GOOD HOPE RISE 50%.
Oil flows through the Cape of Good Hope route, situated at the southernmost point of Africa, have surged by approximately 50% in the initial five months of 2024 compared to the average of 2023, attributing this increase to shifts in global shipping patterns.
- 1 year, 11 months
AFRICA'S LARGEST GAS RESERVES TAKE NEW STEP TOWARDS EXPORT.
Africa's largest gas reserves are banking on a new liquefied natural gas (LNG) project to tap into vast resources and achieve economic prosperity.
- 1 year, 11 months
AFRICA TO RECEIVE ONLY 2% OF GLOBAL CLEAN ENERGY INVESTMENT.
The International Energy Agency (IEA) anticipates that global investment in renewable energy, spanning electric vehicles, nuclear power, grids, storage, low-emission fuels, efficiency upgrades, and heat pumps, will reach $2 trillion this year. This figure represents a doubling of investment compared to fossil fuels, marking the second consecutive year where renewable energy and grid investments outpace those directed toward fossil fuels.
- 1 year, 11 months
Africa Energy Insights (AEI) is an African platform with latest news, insights and investment report of Energy Sectors. We bridging the gap and mobilizes investment in Energy resources for Sustainable and reliable Energy supply.