Petrobras Puts $1 Billion Gas Pipeline Studies on Hold Amid Regulatory Uncertainty

Petrobras Suspends Studies for $1 Billion Brazil Gas Pipeline as Regulatory Changes Raise Investment Concerns Brazilian energy giant Petrobras has paused studies for a proposed US$1 billion natural gas pipeline in Sergipe, citing uncertainty over planned changes to the country’s gas market rules. The pipeline would connect two planned offshore floating production units to shore and is linked to Petrobras’ Sergipe deepwater development. The project is expected to support future production from offshore fields, with

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Dangote Refinery Retains Europe’s Top Jet Fuel Supplier Position, Surpassing US

Dangote Refinery Beats US for Second Month to Become Europe’s Leading Jet Fuel Supplier Nigeria’s Dangote Petroleum Refinery has retained its position as Europe’s largest external supplier of jet fuel for a second consecutive month, strengthening Nigeria’s growing role in the global aviation fuel market. The refinery supplied more than 400,000 tonnes of jet fuel to Europe in July, accounting for roughly 20% of the region’s 2.06 million tonnes of total imports, according to commodity

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Development Finance, Advisory and Research Leaders Join Power Africa Today at AEW 2026

The institutional architecture around African power investment has grown considerably more sophisticated in recent years, with multilateral lenders, specialized blended finance vehicles, global law firms and energy research houses all playing active roles in how projects are structured, financed and brought to market. Speakers confirmed for the Power Africa Today conference during African Energy Week (AEW) 2026 in Cape Town, October 12-16, represent the complete investment ecosystem at work across the continent. The World Bank’s

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Sandvik to Supply 15-Unit Underground Fleet for Lucara’s Karowe Mine

Sandvik to Supply 15-Unit Underground Mining Fleet for Lucara’s $779 Million Karowe Project in Botswana Sandvik has secured an order from Lucara Botswana to supply a 15-unit underground mining fleet for the Karowe diamond mine in Botswana, supporting the operation’s transition from open-pit to underground mining. The equipment package includes development drills, loaders, a cable bolter and a longhole drill, along with spare parts, rock tools and aftermarket services.  Deliveries are already under way and

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Afentra Confirms Pacassa Field Extension Offshore Angola

Afentra Confirms Up to 70 Million Barrels of Recoverable Oil in Pacassa Field Extension Offshore Angola Afentra and its partners have confirmed an extension of the producing Pacassa oil field offshore Angola following successful drilling at the Pacassa Southwest (Pacassa SW) well in Block 3/05. The well encountered a substantial oil-bearing interval within the fractured Albian Pinda carbonate reservoir. Logging data and oil shows identified about 217 metres of hydrocarbon-bearing section, including an estimated 136

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VAALCO Brings New Gas-Supply Well Online Offshore Gabon

VAALCO Brings New Gas-Supply Well Online Offshore Gabon to Cut Diesel Costs and Boost Field Efficiency VAALCO Energy has successfully drilled, completed and brought the ETBNM-3 gas-supply well into production offshore Gabon, strengthening the company’s operations at the Etame Marin block. The well, located on the North Tchibala structure, targets the Dentale D-15 reservoir and delivered results above pre-drill expectations. It encountered strong porosity and permeability, with more than 10 metres of net reservoir pay.

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Saipem Secures $260 Million Offshore Drilling Contract in Ivory Coast

Saipem Secures $260 Million Ivory Coast Offshore Drilling Contract as Baleine Development Expands Italian energy services company Saipem has secured a $260 million offshore drilling contract from Eni Côte d’Ivoire for a long-term development drilling campaign off the coast of Ivory Coast. Under the agreement, Saipem will deploy its Santorini drillship, with operations expected to begin in early 2027. The contract includes a firm drilling commitment as well as options for additional work, including the

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Nigeria Approves New Deep Offshore Incentives to Unlock $50 Billion in Investment

Nigeria Approves Deep Offshore Incentives to Unlock $50 Billion in Oil and Gas Investment Nigeria has approved a new deep offshore oil and gas investment framework designed to attract up to $50 billion in fresh investment, revive stalled projects and increase the country’s oil production capacity. Approved by President Bola Ahmed Tinubu, the framework replaces the previous system of project-by-project negotiations with a more transparent and rules-based incentive regime. The government says the new approach

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Pensana Joins US Presidential Briefing on Critical Minerals Supply

Pensana’s Angola Rare Earth Project Gains US Attention as Washington Targets Non-Chinese Critical Mineral Supply Pensana has participated in a private briefing with US President Donald Trump, Secretary of State Marco Rubio and senior US officials focused on strengthening independent American supply chains for rare earths and other critical minerals. The briefing highlighted the US administration’s support for reducing reliance on China for critical mineral supplies, particularly rare earth elements used in defence systems, electric

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Lucara Revenue Falls 6% as Karowe Underground Project Advances

Lucara Revenue Falls 6% to $41 Million as Karowe Underground Project Advances Toward 2028 Production Botswana-focused diamond producer Lucara Diamond Corp. reported a 6% year-on-year decline in second-quarter revenue to $41 million, mainly due to lower carat sales and a weaker average price for diamonds weighing less than 10.8 carats. The company recovered 90,082 carats during the quarter, including 176 special diamonds weighing more than 10.8 carats. The period also included the sale of the

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