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TWO DRILLING RIGS MOVE TO MISSION IN AFRICA AFTER CONTRACT WITH ARAMCO SUSPENDED.
Two drilling rigs operated by UAE-based Shelf Drilling have arrived in West Africa to begin new assignments after being released from contracts with Saudi Aramco.
- 1 year, 3 months
KOSMOS ENERGY STRIKES A POSITIVE TONE ON GHANA.
Kosmos Energy has announced Q1 2025 net production in Ghana of 33,000 boe/d.
- 1 year, 3 months
TANZANIA TARGETS 80PC CLEAN COOKING ACCESS IN 10 YEARS.
The Tanzanian government has launched a decade-long initiative to ensure that 80% of its population gains access to clean cooking energy by distributing subsidised gas cylinders and expanding piped gas infrastructure. The plan aims to reduce dependence on charcoal and firewood, improve health outcomes, and promote sustainable energy use across the country.
- 1 year, 3 months
TAIWAN TO BUILD ESWATINI STRATEGIC OIL RESERVE FACILITY.
Taiwan’s state-owned Overseas Investment and Development Corporation is to start construction of an oil storage facility in the Lubombo region.
- 1 year, 3 months
NIGERIA: NEW NNPC BOSS OJULARI RESHUFFLES DOWNSTREAM LEADERSHIP.
Appointed in April to lead the Nigerian National Petroleum Company (NNPC), Africa’s largest oil firm, Bashir Bayo Ojulari has set to work to reform the state-owned giant.
- 1 year, 3 months
UNIPER SELLS HYDROPOWER OUTPUT THROUGH 2027 AS PART OF HEDGING STRATEGY.
German utility Uniper has announced the sale of significant portions of its future hydropower output as part of a hedging strategy to manage price volatility and secure favorable production prices. For 2026, Uniper sold 30% of its German hydropower output at an average price of 86 euros per megawatt hour (MWh), and 5% of its 2027 output at 80 euros/MWh, slightly below the current wholesale market rates. This hedging approach helps the company mitigate unpredictable market fluctuations caused by varying fuel prices and weather patterns. Additionally, Uniper has sold 80% of its 2025 German hydropower at 121 euros/MWh, reflecting a significant price increase from previous years. In the Nordic region, the company sold 40% of its 2026 nuclear and hydropower output and 25% of its 2027 output at an average price of 38 euros. Compared to sector peer Vattenfall, which secured slightly higher prices for similar future outputs, Uniper’s strategy demonstrates a proactive effort to stabilize its energy revenue. While this announcement focuses on hydropower and nuclear energy, Uniper also operates other generation assets like coal, gas, wind, and solar across Europe.
- 1 year, 3 months
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