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Category: International

Transport and Logistics International

DRC Joins Luxembourg Rail Protocol, Opening Door to Major Rail Investment in Africa

DRC Accession to Luxembourg Rail Protocol Set to Unlock Rail Investment and Boost African Trade Corridors The Democratic Republic of Congo (DRC)’s accession to the Luxembourg Rail Protocol is being viewed as a major milestone for Africa’s transport and logistics sector, with the potential to unlock private investment in railway rolling stock and strengthen key regional trade corridors. The Luxembourg Rail Protocol, which entered into force on 8 March 2024, establishes an internationally recognised legal

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Corporate News International Oil

TotalEnergies Plans Exit from Ethiopia Fuel Retail Market in Potential OLA Energy Deal

TotalEnergies to Sell 120 Ethiopian Fuel Stations to OLA Energy as Downstream Sector Reshapes TotalEnergies is preparing to exit Ethiopia’s fuel retail market through the planned sale of its network of approximately 120 service stations to OLA Energy, a pan-African downstream operator formerly known as OiLibya. The agreement, which has not yet been publicly confirmed by either company, would transfer one of Ethiopia’s most established international fuel retail networks to OLA Energy. The financial terms

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International Energy Gas News

World Bank Warns Rising Gas Flaring Undermines Africa’s Energy Security

Global Gas Flaring Reaches 167 Billion Cubic Metres, Matching Africa’s Annual Gas Consumption, World Bank Says Global gas flaring increased to 167 billion cubic metres in 2025, its highest level since 2019, highlighting a growing challenge for energy security and economic development, particularly in Africa, according to the World Bank’s Global Gas Flaring Tracker Report 2026. The report found that gas flaring has risen for the third consecutive year, indicating that efforts to reduce the

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International News Oil

Strait of Hormuz Shipping Rebounds, Easing Fuel Supply Risks for Africa

Record Vessel Traffic in Strait of Hormuz Signals Easing Energy Supply Risks for Africa’s Fuel Importers Shipping activity through the Strait of Hormuz has surged to its highest level since recent conflict disrupted operations in one of the world’s most critical energy corridors, offering potential relief for African economies heavily reliant on imported fuel. According to vessel tracking data from S&P Global Market Intelligence and S&P Global Commodities at Sea, 78 vessels transited the strait

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International Gold News

Ghana Raises Mandatory State Gold Purchases to Strengthen Reserves and Expand Local Value Addition

Ghana Increases Gold Sales to State to 30% as It Builds Reserves and Expands Domestic Refining Strategy Africa’s largest gold producer, Ghana, is increasing the volume of gold that mining companies must sell to the state as part of a broader strategy to strengthen foreign reserves, stabilise the national currency, and retain more value from its mineral resources. From July 1, large-scale mining companies operating in the country will be required to sell 30% of

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International Corporate News Oil

Dangote Refinery Imports 1.46 Billion Litres of Blendstock Amid Production Ramp-Up

Dangote Refinery Imports 1.46 Billion Litres of Gasoline Blendstock While Maintaining Over 100% Capacity Utilisation Nigeria’s 650,000-barrel-per-day Dangote Refinery imported an estimated 1.46 billion litres of intermediates and gasoline blendstock over a five-month period from January to May 2026, according to industry data derived from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) statistics. The imported products are not sold directly to consumers. Instead, they are used as secondary feedstock, blended with other refinery

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International News Oil

Sierra Leone Awards Offshore Exploration Licence to Marginal Energy Limited

Sierra Leone Grants Offshore Oil and Gas Licence to Marginal Energy for 6,800 km² Block Area Sierra Leone has granted an offshore oil and gas exploration and production licence to Nigerian-based Marginal Energy Limited, marking a significant step in the country’s efforts to attract investment into its emerging upstream petroleum sector. The agreement was signed by the Petroleum Directorate of Sierra Leone (PDSL) and covers offshore blocks G-145, G-146, G-147, G-160, and G-161. Collectively, the

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International Gas Oil

Chevron Begins New Drilling Campaign at Egypt’s Nargis Offshore Gas Field

Chevron Launches New Well Drilling at Nargis Gas Field Offshore Egypt’s East Nile Delta Basin Chevron has commenced drilling a new appraisal well at Egypt’s Nargis natural gas field, marking a key step forward in the development of the offshore discovery made in 2022. The project is being led by Chevron in partnership with Eni, Mubadala Energy, and Tharwa Petroleum Company. The Nargis field is located in the East Nile Delta Basin, approximately 50 kilometres

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Corporate News International Oil

Eco Atlantic Farms Down South Africa Offshore Block Stake to Navitas Petroleum

Eco Atlantic Sells 37.5% Interest in South Africa’s Block 1 CBK to Navitas Petroleum Eco Atlantic Oil & Gas has signed a definitive farm-down agreement with Navitas Petroleum, transferring a 37.5% working interest in Block 1 CBK offshore South Africa as the companies deepen their strategic partnership in offshore exploration. The transaction represents a key milestone under the strategic framework agreement between the two companies, which granted Navitas an option to acquire an interest in

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Corporate News International Oil

Eni Launches Global Tender for Third FLNG Project Offshore Mozambique

Eni Opens EPCIC Tender for Third Floating LNG Project in Mozambique’s Rovuma Basin Mozambique Rovuma Venture (MRV), led by Eni, has launched an international tender for the engineering, procurement, construction, installation and commissioning (EPCIC) of a third floating liquefied natural gas (FLNG) facility in Mozambique’s offshore Rovuma Basin. The proposed FLNG unit will be deployed in the deep waters of Area 4, off the coast of Cabo Delgado Province, and is expected to have an

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