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International Corporate News Gas Oil

Petrobras Eyes Return to Nigeria with Renewed Focus on Deepwater Exploration

Petrobras, Brazil’s state-controlled oil giant, is actively seeking a return to Nigeria’s oil and gas sector, with a renewed focus on frontier deepwater exploration. This marks a strategic shift from its earlier divestment approach and signals Petrobras’ intent to expand its global footprint once again. The development was revealed by Nigeria’s Vice President, Kashim Shettima, in a post on X (formerly Twitter). Shettima attributed Petrobras’ revived interest to the economic reforms being implemented under President

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Corporate News Gas Oil

KNOC to Expand Egypt Oil Investments

Petroleum Minister Karim Badawi held discussions with KNOC CEO Dong Sub Kim and his delegation to explore investment and cooperation opportunities in Egypt’s oil and gas sector. KNOC showed strong interest in expanding its investments, focusing on four areas in the Gulf of Suez and the Western Desert. Dana Petroleum Ltd. and the Petro Nefertiti joint venture are managing these investments. Badawi stressed that Egypt’s petroleum sector has the capacity and expertise to deliver large-scale

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Corporate News Gas International Oil

Woodside Approves $17.5 Billion LNG Project in Louisiana Amid U.S. Energy Push

Woodside Energy has approved a $17.5 billion investment to construct a new liquefied natural gas (LNG) plant in Louisiana, marking the first major U.S. LNG project to reach final investment decision (FID) since President Donald Trump returned to office and declared an energy emergency aimed at expanding American energy exports. The announcement positions the U.S. to further solidify its status as the world’s largest LNG exporter. The Louisiana facility will feature three liquefaction trains with

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International Gas News Oil

AE Joins $25 Billion Nigeria-Morocco Gas Pipeline Project Amid Rising Global Interest

The United Arab Emirates (UAE) has reportedly joined efforts to co-finance the $25 billion Nigeria-Morocco gas pipeline project, following growing interest from the United States and other international stakeholders. Morocco’s Minister of Energy, Leila Benali, recently confirmed the UAE’s involvement, noting that the ambitious transcontinental project has also secured backing from major financial institutions, including the Islamic Development Bank (IDB), the OPEC Fund, and the European Investment Bank (EIB). Morocco continues to position itself as

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Gas International

Ghana Loses US$100 Million Annually Due to Gas Flaring

Ghana is losing an estimated US$100 million annually from gas flaring in its oil and gas sector, according to Mr. John Nkaw, Country Director of ActionAid Ghana. In a recent interview, Mr. Nkaw emphasized the significant economic, environmental, and health-related consequences of the ongoing practice, which sees excess gas flared instead of processed. “We have data showing that $100 million worth of gas is flared each year due to the inability to process excess gas.

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International Gas News

Morocco Launches LNG Terminal Project to Support Energy Transition and Regional Connectivity

Morocco’s Ministry of Energy has issued an expression of interest for the development of a liquefied natural gas (LNG) terminal at the Port of Nador, marking the first phase of a tender process aimed at strengthening the country’s energy infrastructure. The proposed terminal will include a floating storage and regasification unit (FSRU) and will be connected to a planned pipeline stretching south to Dakhla, eventually linking to the Nigeria-Morocco Gas Pipeline, which will span 13

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International Gas Oil

Somalia Grants Turkey Sweeping Control Over Oil and Gas in Landmark Energy Deal

Somalia has signed a sweeping energy agreement with Turkey, granting the country rights to 90% of oil and gas production under a long-term cooperation deal. The agreement, signed in Istanbul on March 7, 2024, by energy ministers from both countries, was submitted to the Turkish Parliament for ratification on April 22 and has since been made public. This deal marks a major expansion of Turkey’s strategic footprint in the Horn of Africa, aligning with Ankara’s

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Gas International

Namibia Targets 2.5 Million Tons in Annual Gas Production

Namcor has announced that Namibia could produce more than 2.5 million tons of natural gas annually, based on recent discoveries and early-stage assessments from 2022 to the present. At the Namibia International Energy Conference held in Windhoek on Thursday, April 24, 2025, Mtundeni Ndafyaalako, Namcor’s Executive of Upstream Development and Production, shared this projection during a session titled Monetizing Natural Gas: Lessons, Solutions, and Infrastructure. The session was moderated by Francisco Simao, Legal & Corporate

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Local Economy Gas Oil

Angola’s Q1 Oil Revenues Fall 18% as Gas Exports to Europe Surge

Angola generated $6.4 billion from oil sales in the first quarter of 2025, marking an 18% decline compared to the same period in 2024, according to the Secretary of State for Oil, José Barroso. Speaking during the presentation of the oil sector’s Q1 performance and Q2 projections, Barroso revealed that Angola exported 85.1 million barrels of crude during the first quarter—a drop of 13.5% from Q4 2024 and 9.8% year-on-year. Revenue from oil exports also

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International Gas News

U.S. Shows Interest in Nigeria-Morocco Gas Pipeline Amid Growing Competition with China

The United States has expressed interest in investing in Africa’s most ambitious gas pipeline project, which aims to connect Nigeria to Morocco. Nigeria’s Finance Minister, Wale Edun, revealed the U.S. interest, highlighting the potential for American involvement in the project. . According to The Cable, Minister Edun disclosed this development in a statement summarizing outcomes from the ministry’s bilateral engagements during the 2025 Spring Meetings of the International Monetary Fund (IMF) and the World Bank

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