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International Corporate News Gas Oil

Heirs Energies Secures Major Afreximbank Financing to Accelerate Nigeria’s Energy Growth

Heirs Energies Raises $750 Million Afreximbank Facility to Double Oil Output and Boost Gas Supply in Nigeria Nigeria’s efforts to rebuild domestic energy capacity received a significant boost after Heirs Energies secured a $750 million financing facility from the African Export-Import Bank (Afreximbank), marking one of the largest Africa-backed energy transactions concluded this year. The funding is expected to double the indigenous producer’s crude oil output to around 100,000 barrels per day and increase gas

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Local Gas Mining News Oil

Angola Moves Forward on Key Mineral Projects with Focus on Execution and Capacity Building

Angola Reports Progress on Mineral, Oil, and Gas Structuring Projects with Focus on Full Execution Angola’s Ministry of Mineral Resources, Petroleum and Gas has reported that the country has 16 structuring projects for prospecting and exploring mineral resources, but only 11 of these are currently active. The projects cover a range of minerals, including diamonds, iron, copper, phosphate, rare earths, lithium, and gold, with 68.75% in operation. The remaining five projects, representing 31.25%, are currently

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Local Energy Gas Oil

Azevedo Emphasizes Rigorous Implementation of Mineral and Energy Sector Projects

Angola’s Mineral, Oil, and Gas Sector Focuses on Results-Driven Project Execution The Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, emphasized the central role of the sector in Angola’s economic development, economic diversification, investment attraction, and value creation. He highlighted that this responsibility requires a high level of professionalism, rigor, and a strong commitment to achieving results. Minister Azevedo made these remarks at the opening of the XII Meeting of the Advisory Council of

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Corporate News Gas International

Eni’s Zohr Discovery Transforms Egypt’s Natural Gas Outlook

Eni Discovers Up to 30 Tcf of Gas at Zohr, Egypt’s Largest-Ever Gas Field Eni has discovered natural gas reserves estimated at up to 30 trillion cubic feet (Tcf) in Egypt’s Zohr field, marking the largest gas discovery ever recorded in the country and a turning point for its energy sector. Hamdy Abdel-Aziz, spokesperson for Egypt’s Ministry of Petroleum, said the find increases Egypt’s total natural gas reserves by roughly one-third. Egypt’s proven gas reserves

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International Gas News

NNPC Advances AKK Gas Pipeline to Drive Industrial Growth in Northern Nigeria

Nigeria’s NNPC Nears Completion of AKK Gas Pipeline to Boost Industry and Power in the North Nigeria’s state-owned energy company is counting on the long-delayed Ajaokuta–Kaduna–Kano (AKK) gas pipeline to stimulate industrial development across northern Nigeria, according to its chief executive following a briefing with President Bola Tinubu. Bashir Ojulari, Group Chief Executive Officer of NNPC Ltd, said the company has completed welding of the pipeline’s main line, including the critical River Niger crossing that

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International Gas News Oil

Egypt Drills New Oil and Gas Wells to Boost Western Desert Production

Egypt Increases Oil and Gas Output with New Western Desert Wells and Nile Delta Discovery Egypt’s Ministry of Petroleum and Mineral Resources has announced the successful drilling of two new oil and gas production wells in the Western Desert, reinforcing efforts to raise domestic energy output. According to the ministry, Agiba Petroleum Company drilled the Dorra 36 and West Yasmine 3 wells, with initial tests confirming strong natural flow rates from both locations. Preliminary estimates

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International Gas News Oil

Waha Oil Brings New Gas Wells Online to Support Libya’s Power Supply

Waha Oil Boosts Libya’s Electricity Supply with Two New Gas Wells Waha Oil Company has brought two new gas wells into production as part of efforts to strengthen Libya’s electricity supply and reduce recurring fuel shortages at power plants. The company connected the new wells to existing surface facilities, enabling gas to be delivered quickly into the national grid. Most of the additional volumes will be directed to power generation, helping to address chronic fuel

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Oil Gas International News

Europa Oil & Gas Secures Chinese Partner to Advance Offshore Gas Drilling in Equatorial Guinea

Europa Oil & Gas Signs Farm-In Deal to Drill High-Potential Barracuda Gas Prospect Offshore Equatorial Guinea UK-listed Europa Oil & Gas has moved a step closer to drilling a major shallow-water gas prospect offshore Equatorial Guinea after finalizing a farm-in agreement with a Chinese investor, strengthening momentum behind one of the company’s most promising African assets. Under the agreement, Fuhai (Beijing) Energy, a wholly owned subsidiary of privately held Fuhai Group New Energy Holding, will

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International Gas News Oil Petroleum

Egypt Signs $6.5 Million Exploration Deal with UK’s Terra Petroleum

Egyptian General Petroleum Corporation Enters $6.5 Million Oil and Gas Deal with Terra Petroleum The Egyptian General Petroleum Corporation (EGPC) has signed a $6.5 million oil and gas exploration agreement with UK-based Terra Petroleum, marking the company’s first entry into the Egyptian energy market. Under the terms of the agreement, Terra Petroleum will drill three exploration wells in the Northwestern El Moghra concession in Egypt’s Western Desert. The company will also conduct comprehensive 2D and

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Local Gas News

Angola Inaugurates $4 Billion Gas Processing Plant in Soyo to Boost Energy Diversification

Angola Launches $4 Billion Soyo Gas Plant to Strengthen LNG Production and Industrial Growth Angolan President João Lourenço has inaugurated a $4 billion gas processing plant in Soyo, marking a major step in the country’s strategy to diversify its energy sector beyond crude oil. The project positions Angola to become a key player in Africa’s natural gas and liquefied natural gas (LNG) markets. Developed by the Novo Consórcio de Gás (NCG), the facility has the

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