Italy’s Eni makes major oil find in Angola

Largest offshore discovery in years made in time to avert decline of the country's industry

Portugal’s EDP to sell Iberian assets to fund renewable energy plans

Utility company will sell €2bn worth of assets in Portugal and Spain, and raise another €4bn via an asset rotation programme until 2022

City Power fires another allegedly corrupt employee

The City has fired its second employee in a week over alleged misconduct related to R126m contract to build a substation in Eldorado Park

Tariff hike gouges R102bn hole at Eskom

Tariff increases are more than twice the upper limit of the Reserve Bank’s 3%-6% inflation range

Hike leaves Eskom with R102bn hole

Tariff increases are more than twice the upper limit of the Reserve Bank’s 3%-6% inflation range

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DRC ordered to pay SA oil company $617m for failing to honour contracts

Outgoing president Joseph Kabila’s belated assent to one of the contested deals with Dig Oil suggests the state may be seeking ways to avoid paying the penalty

Investors wait to see if Vivo can make Engen acquisition a success

The pan-African fuel retailer believes its bold moves into the continent will pay off

Exxon says no to cost cutting, and lifts spending targets to highest since 2014

Exxon Mobil says annual capital outlays will average $32bn to the end of 2020, a 24% increase from 2018

EXCLUSIVE: No feedback yet on Eskom’s turnaround plan months after strategy proposal

Power utility submitted a new strategy proposal to  department of enterprises months ago, but is yet to receive response

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$40m funding deal gets SA helium production off the ground

Alternative energy company, Renergen, says a US developmental financier has recognised the strategic importance of developing its Free State gas field

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Competition Commission gives Glencore’s Chevron merger the green light

The watchdog has recommended the deal go through subject to several conditions including that there be no retrenchments at Chevron SA as a result of the merger

France’s Engie to exit 20 countries, wary of big mergers and acquisitions

Company will focus its investments on energy services, renewable energy and infrastructure in the next three years

Russia’s Yamal LNG plant ships record gas volumes to Europe

Country surpasses traditional suppliers such as Qatar, Nigeria and Algeria, as well as newcomer US

Cyprus gas find its largest yet

Gas bearing reservoir could represent 5-trillion to 8-trillion cubic feet of gas

Mozambique gas — a $500m business opportunity for SA

The largest gas find in recent history is not just a boon for Mozambique, but a potential windfall for SA too

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WATCH: What Sasol has to say about Lake Charles

Sasol joint-CEO Bongani Nqwababa talks to Business Day TV about the group’s half-year results

Published by Tiso Blackstar and distributed with the Financial Mail on the last Thursday of every month except December and January.