You are Here

Category: Corporate News

Corporate News Local Oil Partnerships

Sonangol Partners with MIT to Advance Angola’s Energy, Mining, and Innovation Sectors

Angola’s national oil company Sonangol has signed two strategic agreements with the Massachusetts Institute of Technology (MIT), aimed at accelerating the development of Angola’s natural and mineral resources through cutting-edge research, innovation, and technology from the United States. The agreements were formalized during a high-level meeting chaired by Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo. The first agreement, with the MIT Industrial Liaison Program (MIT-ILP), grants Sonangol direct access to MIT’s research

Loading

Read More Here

Local Corporate News Oil

Afentra and Maurel & Prom Expand Offshore Angola Holdings in $23 Million Deal

Upstream oil and gas companies Afentra and Maurel & Prom (M&P) have signed a sale and purchase agreement with Etu Energias to acquire additional minority stakes in Angola’s offshore Blocks 3/05 and 3/05A. Under the agreement, both Afentra and M&P will each acquire a 5% working interest in Block 3/05 and 6.67% in Block 3/05A. The total consideration for the deal is $23 million, allocated as $22 million for Block 3/05 and $1 million for

Loading

Read More Here

Local Corporate News Mining Projects

Pensana Signs Rare Earth Offtake Deal with Toyota Tsusho to Boost Global Supply Chain

Rare earths developer Pensana has signed a five-year offtake agreement with Toyota Tsusho, a subsidiary of Toyota Group, for up to 20,000 tons per year of mixed rare earth carbonate from the Longonjo mine in Angola. Pricing details are yet to be finalized. Under the Memorandum of Understanding (MoU), the two companies aim to develop an independent and resilient rare earth supply chain. Toyota Tsusho intends to process the material at its facility in India,

Loading

Read More Here

Corporate News International Oil

Aliko Dangote Eyes Namibia for Next Phase of Pan-African Investment Expansion

Billionaire industrialist Aliko Dangote is considering Namibia as a new frontier for his conglomerate’s expanding investment portfolio. Fresh from completing what he described as the world’s largest oil refinery, Dangote hinted at potential future investments in the southern African nation during a high-level meeting with President Netumbo Nandi-Ndaitwah in Windhoek this week. The visit signals a continuation of the Dangote Group’s broader strategy to expand its footprint across the African continent. Already active in over

Loading

Read More Here

International Corporate News Oil

TotalEnergies Set to Resume $20 Billion Mozambique LNG Project This Summer

TotalEnergies plans to restart development of its $20 billion liquefied natural gas (LNG) project in Mozambique this summer, according to Chief Executive Patrick Pouyanné. He made the announcement during a session at the Japan Energy Summit in Tokyo on Wednesday. The project has been under force majeure since 2021 due to insurgent attacks in the region. It involves the development of the Golfinho and Atum natural gas fields in the Offshore Area 1 concession, along

Loading

Read More Here

International Corporate News Renewable Energy

Zambia Welcomes Major Solar Investment from China’s LONGi Green Energy

The Zambian Government has welcomed a major renewable energy investment from Chinese solar technology giant LONGi Green Energy Technology Co., which plans to develop a 100-megawatt (MW) solar power plant in Zambia. Scheduled to become operational by December 2025, the project marks the first phase of a broader plan to scale up to 200MW—offering a substantial boost to Zambia’s renewable energy sector. The announcement was made during a courtesy visit by LONGi executives to the

Loading

Read More Here

Corporate News International Oil Petroleum

Dangote Refinery Set to Disrupt Nigeria’s Fuel Market with Free Direct Distribution and Credit Incentives

Nigeria’s downstream petroleum sector is bracing for a major shake-up following the announcement by Dangote Petroleum Refinery that it will begin direct, free distribution of Premium Motor Spirit (PMS) and diesel across the country, starting August 15, 2025. Unveiled on Sunday, June 15, the plan includes the deployment of 4,000 Compressed Natural Gas (CNG)-powered tankers to deliver fuel directly to petrol stations, manufacturers, aviation companies, telecom operators, and other large-scale consumers. This move bypasses traditional

Loading

Read More Here

Oil Corporate News

Sonangol and MIT Sign Strategic Cooperation Agreements

Sonangol and the Massachusetts Institute of Technology (MIT) signed two strategic cooperation agreements: the MIT Industrial Liaison Program (MIT-ILP) and MIT-Africa, the latter of which includes the Global Classroom and Global Teaching Labs initiatives. The signing ceremony took place during an official visit by a high-level Angolan delegation, led by the Minister of Mineral Resources, Petroleum, and Gas, Diamantino Azevedo, and attended by senior executives, public sector managers, and officials from Angola’s energy and mining

Loading

Read More Here

Corporate News International Oil

Eni Congo Launches Yasika Logistics Hub to Support LNG and Oil Operations

Energy giant Eni’s Congolese subsidiary has officially inaugurated the Yasika logistics platform, located at oilfield services company Saipem’s base in Pointe-Noire, Republic of Congo. Commissioned on June 11, the Yasika platform will serve as the central operational hub for Eni Congo’s onshore and offshore activities. It is designed to streamline the transit of equipment, materials, and personnel. The facility also plays a critical role in supporting the Congo LNG project. This includes the Tango FLNG

Loading

Read More Here

Corporate News International Oil

Mozambican President and Eni CEO Discuss Major Energy and Sustainability Projects

On June 11, Mozambican President Daniel Francisco Chapo met with Claudio Descalzi, CEO of Eni, in Maputo to review ongoing and future collaborations in liquefied natural gas (LNG), agribusiness, and sustainability. The meeting celebrated the success of the Coral South Project, which, according to the International Monetary Fund, accounted for 50% of Mozambique’s GDP growth in 2023 and is projected to drive 70% of the country’s growth in 2024. Discussions also focused on the newly

Loading

Read More Here

1 … 37 38 39 40 41 … 70