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Category: Gas

International Gas News Oil

Uganda, Tanzania, and Zanzibar Sign Landmark Oil and Gas Cooperation Agreement

Uganda has signed a trilateral agreement with Tanzania and Zanzibar to strengthen regional cooperation in regulating the oil and gas sector. The move supports Uganda’s goal of producing its first oil by 2026, even as uncertainty persists over the timeline for its long-delayed refinery project. The agreement unites Uganda’s Petroleum Authority, Tanzania’s Petroleum Upstream Regulatory Authority (PURA), and the Zanzibar Petroleum Regulatory Authority (ZPRA) in a coordinated effort to enhance petroleum development across East Africa.

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Corporate News Gas International Oil

QatarEnergy Enters Algerian Upstream Market with Strategic Exploration Win

QatarEnergy has secured exploration rights for oil and gas in Algeria, marking its entry into the country’s upstream sector through the 2024 Algeria Bid Round. The announcement was made by ALNAFT, Algeria’s national agency responsible for hydrocarbon resource management. The Ahara Block was awarded to a consortium comprising QatarEnergy (24.5%), TotalEnergies (24.5%, also designated as the operator during the exploration phase), and Algeria’s state-owned Sonatrach (51%). QatarEnergy’s President and CEO, H.E. Mr. Saad Sherida Al-Kaabi,

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International Gas

Egypt Secures Over $8 Billion in LNG Deals to Avert Power Crisis Amid Energy Struggles

Egypt has finalized agreements with several major energy companies and global trading houses to purchase 150–160 cargoes of liquefied natural gas (LNG) through 2026, as the country races to secure fuel for its power grid amid deepening energy and economic challenges. Valued at more than $8 billion based on current market prices, the LNG procurement underscores the growing financial strain on Egypt’s government, already grappling with falling domestic gas production, a foreign currency shortage, and

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International Gas News

Zimbabwe Confirms First Commercial Gas Discovery

Zimbabwe has entered a new era in its energy sector with the confirmation of its first commercial natural gas discovery in the Cabora Bassa Basin. This milestone positions the country to join the growing list of emerging natural gas producers in Africa. The discovery was made by Invictus Energy, which has now secured approval to begin pilot production. As part of this initial phase, the company plans to supply gas to the Eureka Gold Mine—a

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International Gas News

Egypt Fast-Tracks Gas Output with Early Production from Raven Field Wells

Egypt began producing natural gas from two new wells in the Mediterranean’s Raven gas field in February 2025—three months ahead of schedule, according to the Ministry of Petroleum and Mineral Resources. British Petroleum (BP) completed the drilling using the ultra-deepwater drillship Valaris DS-12, marking a swift and efficient expansion of the Raven field. This development aligns with Egypt’s broader strategy to ramp up natural gas production, drive economic growth, and attract foreign investment. The two

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International Corporate News Gas Oil

Renaissance Africa Energy to Invest $15 Billion in Niger Delta Oil and Gas Projects

Renaissance Africa Energy Company Limited has announced plans to invest $15 billion over the next five years in developing oil fields onshore and in the shallow waters of Nigeria’s Niger Delta. The Nigerian-owned energy consortium recently acquired oil assets previously managed by Shell Petroleum Development Company (SPDC), following Shell UK’s exit from onshore operations in the region. The announcement was made by Greg Akhibi, Head of Supply Chain at Renaissance Africa Energy, on behalf of

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International Gas News

South Africa Proposes 10-Year LNG Import Deal with the U.S. to Boost Trade and Energy Security

South Africa has proposed a long-term agreement to import liquefied natural gas (LNG) from the United States over a ten-year period, aiming to enhance trade relations and support its energy transition. The proposal was detailed in a ministerial statement signed by Minister in the Presidency, Khumbudzo Ntshavheni, and published on the South African government news agency website. According to the statement, South Africa plans to import between 75 and 100 petajoules (PJ)—equivalent to approximately 75

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Corporate News Gas International Oil

Renaissance Africa Energy Unveils $15 Billion Investment Plan for Niger Delta Oil and Gas Projects

Renaissance Africa Energy Company Limited has announced plans to invest $15 billion over the next five years to develop oil fields located onshore and in the shallow waters of Nigeria’s Niger Delta. The company—a consortium of Nigerian-owned oil firms—recently acquired oil assets formerly operated by Shell Petroleum Development Company (SPDC), following Shell UK’s exit from onshore operations in the region. Greg Akhibi, Head of Supply Chain at Renaissance Africa Energy, disclosed the investment plans during

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Local Corporate News Gas Oil Partnerships

Petrobras and Sonangol Forge Strategic R&D Partnership in Oil and Gas

Brazilian state-owned energy giant Petrobras has signed a memorandum of understanding (MoU) with Angola’s national oil company, Sonangol, to collaborate on research and development in the oil and gas sector. The agreement was formalized during Angolan President João Lourenço’s state visit to Brazil in May 2025, which focused on deepening trade and energy ties between the two nations. Both President Lourenço and Brazilian President Luiz Inácio Lula da Silva emphasized the importance of strengthening bilateral

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Local Gas News Oil

Angola Pledges Support for Namibia’s Growing Oil and Gas Sector

Angola has expressed its readiness to assist Namibia in building its oil and gas industry by leveraging its decades of experience in the sector. Presidential spokesperson Alfredo Hengari confirmed that Angola is well-positioned to train Namibians in oil and gas and has already begun capacity-building initiatives. He reaffirmed Angola’s full commitment to supporting the development of Namibia’s emerging energy sector. This pledge comes in the wake of Namibian President Netumbo Nandi-Ndaitwah’s recent working visit to

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