Sturdee Energy and the Frans Indongo Group have partnered to develop two solar power projects in Namibia, located in Mariental and Kokerboom, each with a 10 MW capacity, for a combined total of 20 MW. The initiative is backed by a USD 27.98 million investment, with RMB Namibia serving as the lead financial arranger. These projects aim to harness the region’s abundant solar potential using Tier 1 solar equipment and long-term power purchase agreements (PPAs)
The Dangote Refinery, Africa’s largest oil refinery, in partnership with Neptune Oil, has successfully exported Premium Motor Spirit (PMS) to Cameroon for the first time. This achievement marks a significant milestone in advancing regional energy integration and strengthening economic ties between Nigeria and Cameroon. This historic collaboration highlights the shared commitment of both companies to addressing the region’s growing energy demands. Speaking on the development, Alhaji Aliko Dangote, President and CEO of the Dangote Group,
Algeria’s state-owned oil company, Sonatrach, is set to restart exploration activities in Libya’s Ghadames Basin, specifically on plots 95 and 96, after a hiatus of nearly ten years. The decision follows a recent technical meeting between Sonatrach and Libya’s National Oil Corporation (NOC), during which seismic survey data was reviewed and the resource potential of the region reevaluated. As part of the renewed efforts, operations will soon resume on the A1-96/2 exploratory well, which has
Lucara Diamond Corp forecasts diamond sales of 400,000 to 420,000 carats in 2025, generating revenues between $195 million and $225 million. This outlook reflects steady progress at the company’s Karowe mine in Botswana, a world-class operation achieving significant milestones in 2023. CEO William Lamb highlighted these achievements in a December 4 operational guidance update, noting that production targets were surpassed. “Our strategic focus on the underground mining project has shown remarkable progress, with shaft depths
Endiama, Angola’s state-owned diamond company, has projected a production target of 15.1 million carats of diamonds for 2025, surpassing the 14.6 million carats forecasted for 2024. These projections were announced during the 10th Advisory Council meeting of the Ministry of Mineral Resources, Oil, and Gas, held under the theme: “Mineral Resources, Oil and Gas: Challenges and Solutions.” In the past year, Endiama focused on optimizing production processes and enhancing geological and mining research, especially in
Maaden, the Omani company set to replace Russian diamond giant Alrosa in the Catoca and Luaxe mines in Angola, has initiated discussions with its new partner, the state-owned Endiama. The Ministry of Mineral Resources, Oil, and Gas announced that the first meeting between Ganga Junior, President of Endiama, and Abdul Aziz Al Maqbali, President of Maaden, took place in Luanda earlier this week. The replacement of Alrosa, a Russian company affected by international sanctions, by
Oando Energy Resources Nigeria Limited has reported a nearly 50% increase in crude oil production within three months, following its acquisition of Nigerian Agip Oil Company from Eni earlier this year. During a meeting with joint venture partner Nigerian National Petroleum Corporation Limited (NNPCL) in Abuja, Oando’s Managing Director, Dr. Ainojie Irune, credited the remarkable growth to seamless integration and strong collaboration between the two entities. “Within less than 100 days of the acquisition, we
Chappal Energies has officially concluded the acquisition of Equinor Nigeria Energy Company (ENEC), a subsidiary of Norway’s Equinor ASA, solidifying its presence in Nigeria’s energy sector. Initially announced in November 2023, the transaction saw Equinor sell its 54% stake in the OML 128 oil and gas lease to Chappal Energies. The acquisition was finalized on December 6, 2025, following a year-long process. The deal is valued at up to $1.2 billion, comprising a $710 million
The Nigerian National Petroleum Company Limited (NNPC) has successfully sold its inaugural shipment of Port Harcourt low-sulfur straight-run fuel oil (LSSR) to Dubai-based Gulf Transport & Trading Limited (GTT). This marks the beginning of operations at the Port Harcourt Refinery and the export of petroleum products. The Wonder Star MR1 vessel is set to load 15,000 metric tons of LSSR, equivalent to approximately 13.6 million liters. Although the current export volume from NNPC is modest,
Mitsui & Co., in partnership with TotalEnergies and the Mozambique government, is finalizing plans to restart construction of the $20 billion Mozambique liquefied natural gas (LNG) project, according to Mitsui CEO Kenichi Hori. The project, led by TotalEnergies, has faced delays due to security concerns stemming from violent unrest in the region. However, Hori expressed optimism about recent improvements in the area’s security and assured investors that all parties are addressing remaining challenges. “We are
