African Export-Import Bank (Afreximbank) has disbursed a $975 million financing facility to part-fund the management buyout of Oryx Energies, the holding company of Addax Energy, bringing the long-established African energy products and services provider under majority African ownership for the first time.
Venezuela’s amended Organic Hydrocarbons Law has created new investment opportunities across its oil and gas sector, offering international companies different contractual options for developing heavy-oil reserves, mature fields, offshore gas resources and refining infrastructure.
Southeast Asia could increase its installed renewable energy capacity to nearly three terawatts by 2050 through cumulative investment of $2.5 trillion, strengthening energy security, supporting industrial growth and reducing reliance on fossil fuel imports, according to the International Renewable Energy Agency (IRENA).
Kia Europe and TotalEnergies have extended their partnership for five years through 2031, continuing a collaboration that began in 2011 to supply high-quality lubricants to Kia customers and dealers across Europe.
Atmospheric levels of carbon dioxide, methane and nitrous oxide reached record highs in 2025, intensifying long-term global warming risks, according to the World Meteorological Organization (WMO). CO2 concentrations climbed to 426.8 parts per million, 153 per cent above pre-industrial levels.
TotalEnergies has completed the sale of its subsidiary TotalEnergies EP Nigeria’s (TEPNG) 10 per cent non-operated stake in the Renaissance JV licences to Vaaris for $800 million.
Ethiopia’s growing power generation capacity and abundant renewable resources offer opportunities for economic growth and regional electricity trade, but the International Energy Agency (IEA) says improving supply reliability, expanding energy access and attracting investment remain critical priorities.
TotalEnergies has acquired a 25 per cent working interest in 26 Chevron-operated exploration leases offshore the US, strengthening the companies’ partnership and expanding its US exploration portfolio.
AMPO POYAM VALVES will supply 18 specially engineered check and globe valves for Aramco’s CRPO 147/157 offshore trunkline project at the Zuluf field, one of the region’s largest offshore oil fields.
A World Bank report estimates that delivering off-grid solar’s potential to connect hundreds of millions of people to reliable electricity by 2030 will require investment of around $11.4 billion.
