The Ministry of Energy has officially opened the bidding process for oil marketing companies (OMCs) seeking access to the Tazama pipeline. This follows the successful completion of a review of the guidelines governing the Tazama Pipeline Open Access Framework. According to Principal Public Relations Officer Bob Sianjalika, both local and foreign OMCs are now invited to submit their bids for the use of the pipeline to transport diesel from Dar es Salaam to Zambia. The
French oil major TotalEnergies has announced a $500 million investment to enhance exploration and production activities at the Moho Nord offshore field in the Republic of Congo. CEO Patrick Pouyanné made the commitment earlier this week during a meeting with Congolese President Denis Sassou Nguesso in Oyo, where they discussed the company’s current operations and future investment plans. TotalEnergies aims to increase Moho Nord’s output by 40,000 barrels per day (bpd), further solidifying its position
Aim-listed Vast Resources has announced the release of a historic diamond parcel that had been held in safekeeping at the Reserve Bank of Zimbabwe by order of the country’s Supreme Court since early 2010. The diamonds are now under the company’s custody and have been sent to its nominated tender house in Dubai for cleaning and re-sorting, ahead of the sales process, which is expected to commence within a month. Upon completion of the sale,
Woodside Energy, Australia’s largest gas producer, is evaluating the potential impact of new U.S. tariffs and trade measures on its Louisiana LNG project, as it moves closer to a final investment decision. The company acquired the project—formerly known as Driftwood—from Tellurian for $1.2 billion last year, aiming to strengthen its position as a global LNG leader. The first phase of development is projected to cost $16 billion. In a quarterly update, CEO Meg O’Neill said
De Beers has reported an 11% year-on-year decline in rough diamond production for the first quarter of 2025, totaling 6.1 million carats. The drop reflects the company’s continued production adjustments in response to prolonged weak market demand, according to its quarterly production report released on April 24. In Botswana, output declined by 8% to 4.6 million carats, in line with planned production cuts. Namibia’s production remained steady, as lower output from Debmarine Namibia was offset
Algeria is set to launch a strategic partnership with China aimed at revolutionizing its renewable energy sector through local solar panel manufacturing. The upcoming investment agreement is expected to mark a significant step toward expanding the country’s clean energy capacity and reducing reliance on imported technology. According to a statement from the Algerian Ministry of Industry, local industrial group Elec will sign a cooperation deal this week with Chinese solar giant LONGi Green Energy Technology
The Abu Dhabi Fund for Development (ADFD) has inaugurated a 6.3-megawatt solar power plant in the Union of the Comoros, funded with AED 25.7 million (US$7 million). This milestone project significantly boosts the country’s energy infrastructure, meeting growing electricity demand while promoting sustainable development. The plant provides clean and reliable electricity to the capital city of Moroni and surrounding areas, reducing dependence on fossil fuels, cutting carbon emissions, and improving the quality of life for
Egypt has launched a renewed oil exploration campaign in the Gulf of Gharib, a region in the Eastern Desert, with plans to drill 75 new wells over the next year. The initiative is being led by the state-owned Egyptian General Petroleum Corporation (EGPC), which is deploying three advanced drilling rigs to accelerate development in this modest but strategically important oil-producing region. Currently producing around 1,500 barrels per day, the Gulf of Gharib is expected to
The multinational company PLASFER, which specializes in raw material exports, is advancing administrative and technical processes to leverage the Lobito Corridor as a “New Copper Industry Export Route.” This strategic logistics route aims to connect the Democratic Republic of Congo (DRC), Angola, Latin America, and Europe. PLASFER has spent over three years developing an innovative project in the DRC, in collaboration with partners across Europe and the Americas. The company considers this new logistics initiative
Angola is moving beyond its traditional role as a mere supplier of raw materials, declared the Minister of Mineral Resources, Petroleum, and Gas, Diamantino Azevedo, on Wednesday in Huambo Province. “We want to create value here. We want to cut stones here, refine here, transform here, and employ people here. We want the wealth extracted to circulate within Angola and benefit Angolans,” said the minister during the Mining Investment Forum taking place in the southern
