ExxonMobil Confirms Mozambique LNG Production Could Begin by 2030 if Cabo Delgado Security Improves ExxonMobil’s general manager in Mozambique, Arne Gibbs, has said that the company’s gas project in Cabo Delgado will only move forward if the security situation in the province continues to improve. The region, rich in natural gas reserves, has faced terrorist attacks since 2017. Speaking at the 10th Mozambique Gas and Energy Summit and Exhibition in Maputo, Gibbs stressed that “the
Eni and Azule Energy Commit Billions to Angola Oil and Gas with Focus on Deepwater, Gas, and Clean Energy The CEO of Italian multinational oil company Eni announced that Azule Energy has already invested $5 billion (4.3 billion euros) in Angola and plans to invest additional funds over the next four years. Speaking at the 6th Angola Oil & Gas International Conference, Claudio Descalzi emphasized Eni’s pioneering role in deepwater operations and complex, market-oriented projects,
Afentra Strengthens Angola Presence with Block 3/05 Stake, Driving 21,000 BPD Output Independent British oil exploration and production company Afentra has emerged as a major international partner of Sonangol, Angola’s national oil company, according to a statement from Afentra. “In the first half of this year alone, Block 3/05, where Afentra holds a significant stake, recorded an average gross production of over 21,000 barrels of crude oil per day. This confirms the rehabilitation potential of
TotalEnergies Expands Deepwater Exploration with New Offshore Blocks in Liberia TotalEnergies has signed new agreements to explore offshore Liberia, securing acreage awarded under the country’s latest licensing round. The blocks are located in the southern end of the Liberia Basin, opening fresh opportunities in deepwater exploration. As part of its initial commitments, the French energy major will conduct a detailed seismic study to evaluate the subsurface potential, laying the groundwork for wider exploration campaigns in
Nigeria’s Dangote Refinery Secures First U.S. Gasoline Sales, Proving Capability in Premium Markets Nigeria’s $20 billion Dangote Refinery has reached a major milestone, delivering its first gasoline cargo to the United States after meeting the country’s strict fuel standards. The move signals the refinery’s growing global relevance and its ability to compete in premium markets. The inaugural shipment, carried aboard the tanker Gemini Pearl, was discharged on Monday at Sunoco’s Linden terminal in New York
South Africa Grants Long-Term Durban Oil Hub Leases to BP, Shell, and Vitol Amid Import Dependence South Africa has granted multinational oil majors and traders—including BP, Shell, and Vitol—extended leases at its key petrochemical hub in Durban, ending years of uncertainty over short-term contracts that had threatened investment and supply security. The decision, announced by the Transport Ministry, allows the companies long-term access to the Island View Precinct at Durban port, which handles about 70%
Chevron and Israel Ink $610M Nitzana Pipeline Deal to Expand Gas Exports Amid Regional Tensions Chevron and its partners in Israel’s Leviathan offshore gas field have signed a $610 million agreement with Israel Natural Gas Lines to build the Nitzana pipeline, a strategic project that will transport Israeli natural gas to Egypt. The 65-kilometer pipeline, expected to be operational by 2028, will carry at least 600 million cubic feet of gas per day. Once completed,
Botswana Targets Majority Control of De Beers as Diamond Market Faces Crisis Botswana’s President Duma Boko says his government aims to finalize a deal to acquire majority control of De Beers by the end of October, even as negotiations continue with Anglo American Plc and other interested parties. Anglo American, which currently owns 85% of the diamond giant, began seeking to divest its stake 16 months ago as part of a broad restructuring plan. The
De Beers Boosts Marine Diamond Recovery with Advanced Subsea Crawler on Benguela Gem De Beers’ Upstream Technology division in South Africa has developed a new generation of advanced subsea diamond recovery crawlers, marking a major step forward in marine mining technology. The first unit has been installed on Debmarine Namibia’s flagship vessel, the Benguela Gem, following nearly four years of development. According to project manager Rudi Agostinho, the crawler represents a carefully engineered blend of
Dangote Refinery Slashes Petrol Prices to ₦841, Begins Free Fuel Delivery to 11 Nigerian States The Dangote Petroleum Refinery has announced a significant reduction in petrol prices alongside the launch of direct fuel distribution across 11 states, effective Monday, September 15, 2025. In a statement released Thursday on its official X account, the refinery confirmed that pump prices have been lowered to ₦841 per litre in Lagos and the South West, and ₦851 per litre
