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
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
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
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
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
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
Energy giant ExxonMobil and its consortium partners have signed a production sharing contract (PSC) extension for Block 17, a key offshore oil asset in Angola. The renewed agreement includes TotalEnergies, Equinor, Azule Energy—a 50/50 joint venture between bp and Eni—and Angola’s state-owned oil company, Sonangol. “As a partner, we have witnessed firsthand the significant contribution that Block 17 has made to Angola’s oil and gas industry,” said Katrina Fisher, President of ExxonMobil Angola. The extension
Petra Diamonds reported a decline in rough diamond prices at its latest combined tender, reflecting a shift toward smaller, lower-quality goods and ongoing challenges at its Cullinan mine in South Africa. The miner generated $53 million from the sale of 613,747 carats during its combined fifth and sixth trading sessions, which took place partially in April and concluded in June, the company announced Monday. While like-for-like prices rose 3% across most product categories compared to
Botswana’s Debswana Diamond Company is seeking funding from international capital markets to finance its ambitious $6 billion Jwaneng underground expansion, as falling revenues challenge its ability to support large-scale capital projects. Speaking at a mining conference in Gaborone on Monday, Managing Director Andrew Motsomi said the company is pushing forward with plans to extend the life of its flagship Jwaneng Mine to 2054 by transitioning from open-pit to underground operations—despite a global slump in diamond
Dutch floating production specialist SBM Offshore has reached an agreement to divest its entire ownership in the FPSO Aseng lease and operations business to GEPetrol, marking its planned exit from Equatorial Guinea. The company will undergo a transition period of up to one year before fully withdrawing from the country. According to SBM Offshore, this sale aligns with its ongoing strategy to optimize its leasing and operations portfolio, following a series of recent divestments. The
