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International Oil Petroleum

Ghana Advances $28 Billion Petroleum Hub Expansion with New Development Agreement

26, October, 202626, October, 2026

Ghana Signs $28 Billion Petroleum Hub Expansion Deal Featuring Refinery, Petrochemicals and Storage Infrastructure Ghana has taken another step toward establishing itself as a major petroleum processing and trading hub in West Africa after signing a memorandum of understanding (MoU) for a proposed US$28 billion expansion of its flagship Petroleum Hub project. The agreement was signed in Accra on 19 October by the Petroleum Hub Development Corporation and a consortium led by UAE-based Global Sphere,

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International Gas News Oil

Namibia Urges Local Businesses to Position for Oil and Gas Opportunities

26, October, 202626, October, 2026

Namibia Calls on Local Companies to Build Capacity for Oil and Gas Supply Chain Contracts As Namibia moves closer to developing its offshore petroleum resources, President Netumbo Nandi-Ndaitwah has called on local businesses to strengthen their capabilities and prepare for opportunities emerging across the oil and gas value chain. Speaking at the opening of the Swakopmund International Trade Expo (SWAiTEX) in Swakopmund, Nandi-Ndaitwah emphasised that Namibian companies must take proactive steps to build the technical,

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Local Energy News

Namibia and Angola Fast-Track N$941 Million Power Interconnector and Baynes Hydropower Project

26, October, 202626, October, 2026

Namibia and Angola Prioritise N$941 Million Interconnector and Baynes Hydropower Project to Boost Regional Energy Security Namibia and Angola have reaffirmed their commitment to strengthening regional energy infrastructure by prioritising the N$941 million Angola-Namibia Interconnector and the long-planned Baynes Hydropower Project, two strategic initiatives expected to enhance power security, economic cooperation, and cross-border development. The projects were highlighted during the inaugural session of the Angola-Namibia Bi-National Commission (BNC) in Luanda, co-chaired by Namibian President Netumbo

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Local News Oil

Namibia’s President Visits Luanda Refinery as Angola Strengthens Regional Energy Cooperation

22, October, 202622, October, 2026

Namibia President Netumbo Nandi-Ndaitwah Visits Luanda Refinery During Angola State Visit Namibia’s President Netumbo Nandi-Ndaitwah visited the Luanda refinery in Angola on Tuesday, 20 October 2026, before concluding her state visit to the country, as both nations seek to strengthen cooperation in the energy sector. The visit provided an opportunity for the Namibian delegation to learn more about Angola’s petroleum refining operations and its efforts to expand domestic processing capacity. The Luanda refinery, operated by

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Local News Oil

President Lourenço Invites Namibia to Take Stake in US$6.6 Billion Lobito Refinery

22, October, 202622, October, 2026

Angola Invites Namibia to Invest in 200,000 bpd Lobito Refinery Project Angola has invited Namibia to acquire a stake in the Lobito refinery, a major downstream energy project under construction in Benguela Province that is designed to process 200,000 barrels of crude oil per day. Angolan President João Lourenço announced the invitation on 19 October 2026 during a state visit to Luanda by Namibian President Netumbo Nandi-Ndaitwah. The proposal forms part of efforts to deepen

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Local Energy News

Angola and Namibia Move to Accelerate Construction of US$1.5 Billion Baynes Dam

22, October, 202622, October, 2026

Angola and Namibia Advance 860 MW Baynes Hydropower Project as Financing Plans Take Shape Angola and Namibia are working to accelerate the construction of the Baynes Binational Hydropower Project, a US$1.5 billion development on the Cunene River expected to strengthen electricity supply and energy security in both countries. The energy ministers of the two countries met in Luanda on 16 October 2026 to discuss the project’s implementation schedule, financing arrangements and outstanding administrative requirements needed

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Corporate News International Oil

Eni Targets 2028 Start-Up for Coral North LNG Project in Mozambique

22, October, 202622, October, 2026

Eni Advances US$7.2 Billion Coral North LNG Project Towards 2028 Start-Up Italian energy company Eni is advancing development of its Coral North floating liquefied natural gas (FLNG) project offshore Mozambique, with production targeted for 2028 as the company prepares to expand the country’s LNG export capacity. The project is located in Area 4 of the Rovuma Basin, offshore Cabo Delgado in northern Mozambique. It is designed to produce approximately 3.55 million tonnes of LNG annually,

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Corporate News International Oil

South Africa Dismisses Appeals Against TotalEnergies’ Offshore Exploration

22, October, 202622, October, 2026

South Africa Rejects Appeals Challenging TotalEnergies’ Offshore Exploration Plans South Africa’s environmental authorities have dismissed appeals challenging TotalEnergies’ offshore oil and gas exploration activities, allowing the company’s exploration plans to proceed following a review of objections raised by environmental organisations and other stakeholders. The dispute centres on offshore exploration activities in South African waters, where concerns have been raised about the potential effects of seismic surveys and drilling on marine ecosystems, fishing communities and coastal

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Corporate News Local Oil

Afentra Prioritises Impala-2 Well in Revised Angola Drilling Programme

22, October, 202622, October, 2026

Afentra Targets January 2027 First Oil from Impala-2 Well Offshore Angola Afentra plc has revised its offshore drilling schedule in Angola, prioritising the Impala-2 development well in Block 3/05 before returning to complete a sidetrack at the Pacassa SW discovery. The revised programme will see the Borr Grid drilling rig move directly to Impala-2 while preparations and equipment mobilisation for the Pacassa SW sidetrack continue. Both wells are expected to begin production in the first

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International News Oil

BW Energy Confirms Up to 9 Million Barrels of Recoverable Oil Offshore Gabon

22, October, 202622, October, 2026

BW Energy Identifies Up to 9 Million Barrels of Oil at Gabon’s Dussafu Field BW Energy has confirmed commercial oil volumes in two appraisal wells at the Dussafu field offshore Gabon, with combined gross recoverable resources estimated at between 8 million and 9 million barrels. The results from the 10P2 and 10P1 appraisal wells support plans to drill two additional production wells, with the first expected to be incorporated into the company’s ongoing MaBoMo Phase

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