The prospect of a permanent toll on ships transiting the Strait of Hormuz has become a credible risk for global markets and could prove far more consequential for investors than the latest military escalation, warns Nigel Green, CEO of financial advisory giant deVere Group.
South Africa// — Leading Nigerian oil and gas operators are set to play a major role at African Energy Week (AEW) 2026, bringing upstream expertise, project development experience and investment momentum to Cape Town as Africa seeks to accelerate regional energy collaboration.
Amman, Jordan//- Vivo Energy has announced the completion of the transaction to acquire 100% of the shares in TotalEnergies Marketing Jordan.
The Ghana Grid Company Limited (GRIDCo) and the Electricity Company of Ghana (ECG) have announced the temporary shutdown of the Mallam and Achimota primary substations following severe flooding caused by heavy rains in parts of the Greater Accra Region.
Accra, Ghana// — President John Dramani Mahama has announced a major turnaround in Ghana’s energy sector, revealing $3.5 billion in new commitments from global energy giants to reverse a six-year production slump.
President John Dramani Mahama has announced that Explorco, the exploration subsidiary of the Ghana National Petroleum Corporation (GNPC), will begin onshore drilling activities in the Voltaian Basin before the end of 2026 as part of efforts to determine the commercial viability of petroleum reserves in the area.
Whilst ship transits through the Strait of Hormuz remain a fraction of their previous norm (130-140 transits per day), plunging crude oil prices suggest the commodity markets anticipate that flows would start to recover sooner rather than later.
Mission 300 — the initiative led by the World Bank Group and the African Development Bank Group to connect 300 million people across Africa to electricity by 2030 — has just reached a remarkable milestone.
The World Liquid Gas Association (WLGA) will join the International Energy Agency (IEA) at the jointly hosted LPG Leadership Forum to discuss securing global liquefied petroleum gas (LPG) supplies.
This week’s US-Iran talks, the first organised attempt of the two sides to move beyond the current transitional ceasefire period, have eased the market’s concerns about global supply disruptions, with ICE Brent edging slightly lower to $77-78 per barrel.
