Blog
TOTALENERGIES Q1 PROFITS FALL ON LOWER OIL PRICES, WEAK REFINING MARGINS.
TotalEnergies experienced a 17% drop in Q1 2025 profits, bringing in $4.2 billion, mainly due to declining oil prices and weak refining margins in Europe. However, the company offset some of the impact with a 4% rise in oil and gas output and an 18% boost in electricity generation, showing resilience in its diversified energy portfolio.
- 1 year, 3 months
OIL AND GAS INVESTOR AFREXIMBANK EARNARK $3 BILLIONS TO SUPPORT LOCALLY REFINED PRODUCTIONS.
Africa is taking charge of its energy future! Afreximbank has launched a bold $3 billion initiative to boost local refining and cut dependence on costly fuel imports. With major investments already fueling new refineries and a vision to triple Africa’s refining capacity, the continent is gearing up for an energy revolution.
- 1 year, 3 months
ENI COMFIRMS OIL DISCOVERY IN NAMIBIA'S OFFSHORE.
A major offshore oil discovery in Namibia’s Orange Basin is drawing global attention, marking a significant milestone for the country’s energy ambitions. The Capricornus 1-X well has delivered highly promising results, with excellent reservoir quality, 38 meters of net pay, and light oil with minimal impurities—positioning it as a commercially attractive find. Operated by Rhino Resources and supported by global players like Eni and bp through Azule Energy, this discovery not only highlights the geological richness of the region but also reinforces investor confidence in Namibia’s growing role in the global oil and gas landscape.
- 1 year, 3 months
MOROCCO AND NIGERIA JOIN FORCES ON LANDMARK $25 BILLION GAS PIPELINE PROJECT.
In a world grappling with energy insecurity and shifting power dynamics, Africa is making a bold move that could reshape the global energy map. Morocco and Nigeria have sealed a historic $25 billion deal to construct a massive transcontinental gas pipeline, stretching across 13 countries and ending in Europe. This is more than just a pipeline it's a lifeline for regional development, a strategic lever in global energy diplomacy, and a clear signal that Africa is no longer waiting to be invited to the table it’s building its own. With a floating LNG terminal planned in Nador and major infrastructure ties already underway, this project has the potential to unlock economic growth across West Africa while offering Europe a stable and long-term energy partner. The stakes are high, the ambition is real, and the message is clear. Africa is ready to lead.
- 1 year, 3 months
BALLYMORE LAUNCHES; A STRATEGIC BOOST FOR GLOBAL OFFSHORE OIL PRODUCTON AND INVESTEMENT.
TotalEnergies and Chevron have officially launched the Ballymore oil field, a major milestone in offshore oil production. This innovative project is not only set to boost energy output but also highlights the evolving dynamics of global energy markets. With a focus on efficiency and sustainability, Ballymore offers a strategic opportunity for investors to tap into the growing demand for reliable energy resources. Read on to explore how this project could shape the future of energy and impact investment strategies worldwide.
- 1 year, 3 months
CHINA'S ABSENCE FROM UK ENERGY SUMMIT SIGNALS GROWING GEOPOLITICAL TENSIONS AND ITS IMPACT ON GLOBAL ENERGY COLABORATION.
China's decision to skip the UK-hosted energy summit marks a significant escalation in global geopolitical tensions, affecting energy security and clean energy goals. As the world's largest energy consumer, China's absence could shift the dynamics of international collaboration on climate and energy policies. This development is a crucial signal for anyone following the future of energy relations and the impact of diplomacy on global energy transitions.
- 1 year, 4 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.