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Category: International

Corporate News International Oil

TotalEnergies Confirms $20.5 Billion Budget as Mozambique LNG Project Nears Restart

TotalEnergies Set to Restart Mozambique LNG Project with $20.5 Billion Budget After Four-Year Freeze French energy giant TotalEnergies is preparing to restart its long-delayed Mozambique LNG project, with a confirmed budget of $20.5 billion, Chief Executive Officer Patrick Pouyanné told investors on Thursday. Pouyanné clarified that media reports had misinterpreted his recent letter to Mozambique’s president, which requested government approval for a $4.5 billion cost adjustment related to the project’s four-year suspension under force majeure.

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International Gas News

Mozambique and South Africa Strengthen Energy Ties Ahead of December Binational Summit

Mozambique and South Africa Deepen Energy Cooperation, Set to Sign MoU Before December Summit The Minister of Mineral Resources and Energy of Mozambique, Estêvão Pale, hosted the South African Minister of Electricity and Energy, Kgosientsho Ramokgopa, in Maputo yesterday as part of ongoing efforts to strengthen bilateral cooperation in the energy sector and prepare for the upcoming binational meeting between the two Heads of State, scheduled for December in Mozambique. Thursday’s meeting focused on consolidating

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International Energy Technology & Innovation

Mozambique Seeks Stronger Ties with Brazil on Energy Transition, Technology, and Climate Action

Mozambique and Brazil to Deepen Cooperation on Energy Transition and Innovation Ahead of COP30 Mozambique’s Minister of Foreign Affairs and Cooperation, Maria Lucas, has highlighted Brazil’s strategic role as a potential “central partner” in technological innovation, industrial development, and the global energy transition. The remarks were made ahead of a meeting between Mozambican President Daniel Chapo and Brazilian President Luiz Inácio Lula da Silva, as part of President Chapo’s official visit to Brazil, where he

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International Corporate News Gas

Sasol Achieves First LPG Loading from Mozambique’s Inhassoro Integrated Processing Facility

Sasol Marks Historic Milestone with First Cooking Gas Production in Mozambique Sasol successfully carried out the experimental loading of the first batch of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, produced in Mozambique, as part of its commissioning activities. This milestone highlights Sasol’s role as a pioneering operator in Mozambique’s oil and gas sector and reinforces its contribution to the country’s economic and industrial development. The LPG is produced at the new Integrated

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Renewable Energy International News

Zambia Commissions 15 New Solar Mini-Grids in Chadiza to Expand Rural Energy Access

Zambia Launches 15 Solar Mini-Grids in Chadiza District, Boosting Clean Energy Access in Rural Communities The Government of the Republic of Zambia has commissioned 15 new solar mini-grids in Chadiza District, Eastern Province, marking a significant milestone in expanding access to clean, reliable, and affordable energy for rural communities. The commissioning ceremony took place in Kumadzi Community, where Eastern Province Minister Peter Phiri delivered a keynote address on behalf of the Minister of Energy, Makozo

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Corporate News International Oil

Sonatrach Appoints Noureddine Daoudi as New CEO Following Leadership Shake-Up

Algeria’s Sonatrach Replaces CEO Rachid Hachichi with Noureddine Daoudi Amid Ongoing Energy Sector Restructuring Algerian state-owned energy giant Sonatrach has announced a major leadership change, with CEO Rachid Hachichi dismissed after two years in office, according to Algerian public television on Sunday evening. While the government did not immediately provide reasons for the decision, Hachichi, who assumed the role in October 2023, has been replaced by Noureddine Daoudi. The handover took place during an official

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Corporate News International Oil

Chevron Explores Energy Expansion in Libya as Prime Minister Dbeibah Welcomes U.S. Delegation

Chevron Eyes New Investments in Libya’s Oil and Renewable Energy Sectors During High-Level Talks in Tripoli Prime Minister Abdul Hamid Dbeibah of the Government of National Accord (GNA) met on Tuesday with a senior delegation from Chevron Corporation to discuss opportunities for expanding the company’s operations in Libya. The talks covered oil exploration, renewable energy projects, and the transfer of technical expertise. The meeting, held in Tripoli, was attended by Minister of Oil and Gas

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Renewable Energy International News

AfDB Approves $14.5 Million to Power Zambia’s Clean Energy Transition with New Solar Project

African Development Bank Funds $14.5 Million Solar Project to Boost Zambia’s Renewable Energy and Cut Power Shortages The African Development Bank Group (AfDB) has approved a $14.54 million financing package to support the Garneton North 20-megawatt solar power project in Zambia’s Copperbelt Province — a key milestone in the country’s shift toward renewable energy and energy security. The financing includes $7.27 million from the Bank’s own resources and an equal amount in concessional funding from

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Transport and Logistics International

Tanzania Port Closure Disrupts African Copper Shipments to China

Election Unrest in Tanzania Temporarily Halts Copper Exports, Forcing Rerouting to Durban, Walvis Bay, and Beira African copper shipments to China were disrupted by the temporary closure of the Port of Dar es Salaam in Tanzania following election-related unrest. Copper traders and producers in the Central African Copperbelt sought alternative routes for their cargoes, leading to congestion at other ports, including Durban in South Africa, according to multiple market sources. The closure also meant that

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Corporate News Gas International Oil

BP Confirms New Oil and Gas Discovery in Namibia’s Orange Basin

BP and Eni’s Azule Energy Uncover Major Gas Condensate Discovery in Namibia’s Orange Basin BP has confirmed a significant oil and gas discovery in Namibia’s Orange Basin, a frontier region that has rapidly become one of the most promising exploration zones in the world. The UK-based energy major, through Azule Energy—its 50/50 joint venture with Italy’s Eni—validated preliminary findings from the Volans-1X exploration well, initially reported earlier this month by Rhino Resources, the project operator.

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