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Author: Makungu Coco

International News Oil

Africa Energy Advances Development Plans for South Africa’s Block 11B/12B

Africa Energy Moves Ahead With Brulpadda and Luiperd Gas Development Offshore South Africa Africa Energy Corp. has advanced plans to develop the Brulpadda and Luiperd gas-condensate discoveries in South Africa’s offshore Block 11B/12B after submitting a new environmental authorisation application covering full-field development and production activities. The application was submitted by Main Street 1549 to the Petroleum Agency of South Africa on September 14, replacing an earlier application focused on a non-intrusive survey programme. A

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Local Gas News Oil

Indonesia Targets Deeper Oil and Gas Investment in Angola

Indonesia Eyes Angola Upstream Investment, Oil Offtake and Energy Training Partnerships Indonesia is seeking to deepen its oil and gas relationship with Angola through upstream and midstream investment, long-term crude and gas offtake agreements and technical training for Angolan students. Indonesia’s Vice Foreign Minister Arif Havas Oegroseno said the country wanted to build a broader partnership with Angola by drawing on its experience as a former oil exporter that has become increasingly dependent on imports.

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Oil International News

Oil Prices Near $100 as Middle East Strikes Raise Supply Risks

Brent Crude Nears $100 as Middle East Conflict Threatens Oil Supply and Shipping Routes Brent crude prices moved close to US$100 a barrel on September 9 as renewed attacks across the Middle East heightened concerns over disruptions to oil supplies and key shipping routes. Brent futures rose 1.3% to US$99.22 a barrel, while US West Texas Intermediate crude gained 1.2% to US$94.13 a barrel. Brent had increased by about 25% since early August as hopes

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Corporate News International Oil Petroleum

Dangote Refinery IPO Attracts N1.5 Trillion in First Hour

Dangote Refinery IPO Draws N1.5 Trillion in Early Demand as Africa’s Largest Share Sale Opens Investors committed about N1.5 trillion to the initial public offering (IPO) of Nigeria’s Dangote Petroleum Refinery within the first hour of the share sale opening, highlighting strong early demand for Africa’s largest refinery. The IPO opened on September 14 on the Nigerian Exchange (NGX), with Dangote offering 4.1 billion ordinary shares at N525 each. The offer is targeting approximately N2.15

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Expos & Events Sponsored

One Month to Go: AEW 2026 Gears Up for Five Days of Deals, Dialogue and Energy Leadership

The African Energy Week (AEW) 2026 Conference and Exhibition, Africa’s largest energy gathering taking place October 12-16, is preparing to bring the full spectrum of Africa’s energy industry to Cape Town. With just one month to go, the platform is gearing up to unlock a new wave of billion-dollar deals and energy partnerships, with over 400+ high-level speakers, 9,000+ delegates, five conference stages, targeted dealmaking and roundtable discussions positioning African energy at the forefront of

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International Corporate News Oil

Petrobras Secures Eight Offshore Exploration Blocks in Côte d’Ivoire

Petrobras to Invest Over CFA250B in Côte d’Ivoire’s Ultra-Deepwater Oil Exploration Programme Brazilian state-owned oil company Petrobras has signed production-sharing contracts (PSCs) for eight offshore exploration blocks in Côte d’Ivoire, expanding its presence along Africa’s Atlantic margin. The agreements, signed in Abidjan on September 17, cover blocks CI-513, CI-600, CI-601, CI-602, CI-603, CI-605, CI-701 and CI-702. Petrobras, through its wholly owned subsidiary Petrobras Netherlands B.V., will operate the eight blocks with a 90% interest, while

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International Corporate News Gas Oil

TotalEnergies Secures US$1.8 Billion Deal for African Oil and Gas Infrastructure

GIP to Inject US$1.8B Into TotalEnergies’ African Oil and Gas Infrastructure Portfolio TotalEnergies has entered into a partnership with Global Infrastructure Partners (GIP), part of BlackRock, covering some of the French energy company’s oil and gas infrastructure assets in Africa. Under the agreement, GIP will provide a US$1.8 billion capital contribution to TotalEnergies. In return, TotalEnergies will pay GIP a throughput-based tariff linked to the volumes transported through the infrastructure for a period of up

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Transport and Logistics Local News

Botswana and Angola Target Trade Growth by Removing Cross-Border Transport Barriers

Boko, Lourenço Call for Stronger Botswana-Angola Trade Connectivity Botswana and Angola are seeking to strengthen trade and transport links between the two countries, with Presidents Duma Boko and João Lourenço highlighting the need to address existing constraints on the movement of goods. The issue was raised during President Boko’s three-day state visit to Angola in September, where the two countries discussed measures to deepen economic and commercial cooperation. Lourenço said the potential for stronger bilateral

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Diamonds International News

Diamonds for Development Fund Targets Capital Mobilisation for Botswana Diversification

Botswana’s Diamonds Fund Seeks to Unlock Private and International Investment for Economic Diversification Botswana’s newly established Diamonds for Development Fund is seeking to mobilise additional domestic, private, institutional and international capital to support economic diversification and long-term investment across the country. Speaking in Gaborone, Fund Chairman Dr Akinwumi A. Adesina said the Fund would bring together government, businesses, financial institutions, industry and development partners to transform high-potential opportunities into investable projects. The Fund was established

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Corporate News International Oil Petroleum

Dangote Plans 2,650km Fuel Pipeline Through Botswana to South Africa

2,650km Dangote Pipeline to Link Walvis Bay With Southern African Fuel Markets Dangote Petroleum is planning to develop a petroleum-products pipeline of approximately 2,650 kilometres linking Namibia, Botswana and South Africa as part of a wider strategy to expand fuel distribution across Southern Africa. The proposed pipeline would transport petrol, diesel and aviation fuel from Dangote’s refinery in Nigeria to regional markets through a network centred on a planned storage facility at Walvis Bay, Namibia.

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