Taadeen, a subsidiary of the Omani Sovereign Wealth Fund, has officially become a shareholder in the Catoca Mining Company following the signing of a public deed on Monday, May 26. The formal entry was confirmed in a statement issued by Angola’s Ministry of Mineral Resources, Oil and Gas. The agreement, signed by representatives of the involved companies, marks Taadeen’s acquisition of shares previously held by Angola’s state-owned diamond company, Endiama EP. According to the Ministry,
Hossam Heiba, CEO of Egypt’s General Authority for Investment and Free Zones (GAFI), recently met with executives from Borna, a Canadian company specializing in gas processing and carbon capture, to discuss introducing the firm’s advanced technologies to Egypt. The discussions focused on localizing Borna’s solutions to support Egypt’s transition to a low-carbon energy future. Borna CEO Sam Salimi announced a $40 million investment plan to establish a facility in Egypt that will recover flared gas
AXIAN Energy has officially commenced construction of the NEA Kolda solar and battery storage facility, a major step toward advancing Senegal’s renewable energy ambitions. Launched on May 22 in the southern region of Kolda, the hybrid power plant will generate 60 megawatts (MW) of solar energy and store 72 megawatt-hours (MWh), supplying clean electricity to over 25,000 households and reaching nearly 235,000 people. The project reflects AXIAN’s commitment to an inclusive and impactful energy transition,
Renaissance Africa Energy Company Limited has announced plans to invest $15 billion over the next five years to develop oil fields located onshore and in the shallow waters of Nigeria’s Niger Delta. The company—a consortium of Nigerian-owned oil firms—recently acquired oil assets formerly operated by Shell Petroleum Development Company (SPDC), following Shell UK’s exit from onshore operations in the region. Greg Akhibi, Head of Supply Chain at Renaissance Africa Energy, disclosed the investment plans during
Metacon has secured a key contract worth €1,820,600 to design and deliver a containerized electrolysis plant for a groundbreaking green hydrogen pilot project in Morocco. The plant, designed as a fully integrated and ready-to-install system, will test pressurized alkaline electrolyzers directly connected to wind turbines. The insights gained from this pilot will help the client—a major player in Africa’s wind energy sector—scale up industrial production of green hydrogen, e-fuels, and green ammonia. This initiative highlights
TotalEnergies is preparing to request Mozambique’s approval to lift the force majeure on its $20 billion liquefied natural gas (LNG) project, with plans to resume construction by mid-2025, according to Reuters. The project has been suspended since 2021 due to insurgent attacks in the Cabo Delgado region. It involves the development of the Golfinho and Atum gas fields in the Offshore Area 1 block, along with the construction of a two-train liquefaction plant with an
Tullow Oil, through its Ghanaian subsidiary, has resumed drilling operations at the Jubilee Field, marking a new phase in the company’s development activities in the country. This latest campaign follows the successful completion of a previous drilling program that delivered 18 wells ahead of schedule and under budget. “The restart of drilling marks another milestone in our journey in Ghana and underscores our confidence in the country’s resource potential,” said Jean-Médard Madama, Managing Director of
French marine contractor GEOCEAN has successfully completed a key phase in the installation of a mooring system for a floating liquefied natural gas (FLNG) unit offshore Congo, part of Eni’s Congo LNG project in the Marine XII block. This milestone involved the placement of a drilling guide template and diver-assisted inspections to ensure precise alignment and safety in the offshore environment. It followed the arrival of the jack-up barge La Sianna at the site in
Energy services firm BW Offshore, along with its exploration partner BW Energy, has successfully transferred operations and maintenance (O&M) responsibilities for the FPSO BW Adolo to BW Energy’s Gabonese subsidiary, BW Energy Gabon SA. Under the revised agreement, BW Energy will continue to own the FPSO through a bareboat charter arrangement, leasing the unit to BW Energy Gabon under existing terms, excluding O&M services. The vessel is currently producing oil from the offshore Dussafu Marin
Offshore engineering company Subsea7 has been awarded a significant subsea contract for a project located offshore West Africa. Valued between $50 million and $150 million, the contract includes the transportation and installation of flexible pipelines, umbilicals, and associated subsea infrastructure to connect a floating production, storage and offloading (FPSO) vessel. The scope also covers pre-lay activities in preparation for an upcoming drilling campaign. “Our close and agile collaboration with clients enables us to deliver cost-effective
