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
Namibia Launches Africa’s First Integrated Green Hydrogen Plant at Walvis Bay Port A 5 MW green hydrogen plant has begun operations at Namibia’s Walvis Bay port, marking a significant step toward cleaner energy use in Africa’s transport and logistics sector. The project was developed by Plug Power in partnership with Cleanergy Solutions Namibia and is among the continent’s first fully integrated commercial green hydrogen facilities powered entirely by renewable energy. Located within Namibia’s main export
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
Ghana to Increase Ownership in Jubilee Oilfield as License Extensions Drive New Drilling and Output Growth Ghana plans to increase its ownership in the Jubilee oilfield under proposed license extensions designed to keep production running into the next decade and counter natural output decline through new drilling activity. The government has approved extensions to the West Cape Three Points and Deep Water Tano petroleum agreements, which cover the Jubilee and TEN fields. The decision strengthens
Ghana Restarts Tema Oil Refinery in Bid to Cut Fuel Imports and Strengthen Energy Security Ghana’s state-owned Tema Oil Refinery (TOR) has reportedly resumed crude oil processing after more than six years of inactivity, marking a significant step toward reducing the country’s reliance on imported fuels and strengthening domestic energy security. Officials have confirmed that the refinery’s crude distillation unit is back online, although current output levels have not been formally disclosed. The restart follows
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
Ethiopia Mining Sector: $340 Million Secured to Develop Tulu Kapi, the Country’s Largest Modern Gold Project Ethiopia has taken a decisive step toward transforming itself from a marginal gold producer into a significant player in Africa’s mining industry after securing approximately $340 million in financing to develop the long-delayed Tulu Kapi gold project, the country’s largest modern mining venture. The financing milestone clears the way for construction to begin on one of Ethiopia’s most important
IMF Cautions Botswana on Expanding De Beers Stake as Diamond Demand Slumps The International Monetary Fund (IMF) has advised the Botswana government against increasing its ownership stake in De Beers, warning that the move could exacerbate the country’s fiscal pressures amid ongoing economic challenges and heavy reliance on the diamond sector. In a review of Botswana’s fiscal position published on December 8, the IMF highlighted heightened uncertainty stemming from the prolonged downturn in the global
Alrosa Confirms Profitability in 2025 Despite Sanctions, Diamond Market Slump Russian diamond miner Alrosa has confirmed that it remained profitable in 2025, despite ongoing international sanctions and a prolonged downturn in the global diamond market. “2025 was a challenging year for the company,” said Aisen Nikolaev, head of Russia’s Sakha (Yakutia) Republic, during a meeting on Tuesday with Alrosa CEO Pavel Marinychev. “Nevertheless, Alrosa fully achieved its key production targets and continued to implement a
ZCCM-IH Partners Ministry of Mines and MMR on Gold Exploration and Mining Project in Zambia ZCCM Investments Holdings Plc (ZCCM-IH) has signed a Memorandum of Understanding (MoU) with the Ministry of Mines and Mineral Development (MoMMD) and Mining Mineral Resources SAS (MMR) to collaborate on the development of a gold exploration and mining project in the Kikonge area of Mufumbwe District, North-Western Province. In a transaction announcement approved by the Lusaka Securities Exchange (LuSE) and
