Newmont Pours First Gold at Ahafo North Project in Ghana, Commercial Output Set for Q4 2025 Gold producer Newmont has poured its first gold at the Ahafo North project in Ghana, marking a major milestone on September 19, 2025, as the company advances toward commercial production in the fourth quarter of this year. “The first gold pour at Ahafo North represents a major operational milestone that validates years of careful planning, engineering, and construction, and
ExxonMobil Says Mozambique LNG Project Could Begin by 2030 if Cabo Delgado Security Improves US energy giant ExxonMobil has reaffirmed that security remains the decisive factor for advancing its multi-billion-dollar LNG project in Cabo Delgado, northern Mozambique. The company is leading the construction and future operation of natural gas liquefaction and related facilities for Area 4, one of the Rovuma Basin’s largest offshore blocks. The project is operated by Mozambique Rovuma Venture (MRV), a joint
ExxonMobil Confirms Mozambique LNG Production Could Begin by 2030 if Cabo Delgado Security Improves ExxonMobil’s general manager in Mozambique, Arne Gibbs, has said that the company’s gas project in Cabo Delgado will only move forward if the security situation in the province continues to improve. The region, rich in natural gas reserves, has faced terrorist attacks since 2017. Speaking at the 10th Mozambique Gas and Energy Summit and Exhibition in Maputo, Gibbs stressed that “the
Mozambique Greenlights $7.2 Billion Coral Norte LNG Project, Backed by Eni, to Boost Gas Exports Mozambique will officially launch the $7.2 billion Coral Norte natural gas project next month in the Rovuma Basin’s Area 4, President Daniel Chapo announced on Monday during the Global Energy Alliance meeting in New York, held alongside the 80th United Nations General Assembly. Construction of Coral Norte is set to begin in October 2025, led by Italian energy major Eni.
EBRD Backs 200 MW Ras Ghareb Wind Farm, Advancing Egypt’s 10 GW Renewable Energy Target by 2028 The European Bank for Reconstruction and Development (EBRD) has approved $74.1 million to develop a 200 MW wind farm in Ras Ghareb, reinforcing Egypt’s ambitions to expand its renewable energy capacity. The project will be led by Infinity Power and Masdar, supported by a senior EBRD loan of up to $60.7 million, a $3.38 million concessional loan from
Libya Targets 2 Million Barrels per Day as NOC Seeks $4 Billion Investment to Boost Oil and Gas Output Libya plans to nearly double its oil production to two million barrels per day by 2027, according to Farhat Bengdara, head of the National Oil Company (NOC). Speaking to Sky News Arabia, Bengdara said Libya currently produces about 1.2 million barrels per day and anticipates revenues of $35–$37 billion this year. He emphasized that the country
Nigeria Signs Agreement to Build 1,000MW Solar Panel Factory to Boost Local Production and Clean Energy The Nigerian government has signed an agreement to establish a 1,000-megawatt solar panel manufacturing plant, a move aimed at increasing domestic production, reducing reliance on imports, and supporting the country’s transition to cleaner energy. The signing ceremony took place at the Infrastructure Corporation of Nigeria (InfraCorp) office in Abuja. The project involves a partnership between the Rural Electrification Agency
TotalEnergies Expands Deepwater Exploration with New Offshore Blocks in Liberia TotalEnergies has signed new agreements to explore offshore Liberia, securing acreage awarded under the country’s latest licensing round. The blocks are located in the southern end of the Liberia Basin, opening fresh opportunities in deepwater exploration. As part of its initial commitments, the French energy major will conduct a detailed seismic study to evaluate the subsurface potential, laying the groundwork for wider exploration campaigns in
Nigeria and Seven Countries Sign AFRIPERF Charter to Boost Investment and Align Petroleum Regulations Across Africa Nigeria has signed a charter establishing the African Petroleum Regulators Forum (AFRIPERF), a new continental body designed to harmonize petroleum regulations, attract investment, and strengthen governance across Africa’s oil and gas sector. The charter was endorsed by regulators from eight countries—Nigeria, Ghana, Somalia, Gambia, Madagascar, Sudan, Guinea, and Togo—while representatives from seven additional nations pledged to join after internal
Egypt’s EGPC and Nigeria’s NNPC Forge Partnership to Strengthen Refinery Operations and Gas Infrastructure The Egyptian General Petroleum Corporation (EGPC) and the Nigerian National Petroleum Corporation (NNPC) have signed a cooperation agreement aimed at expanding the role of Egyptian petroleum companies in Nigeria’s development projects. The deal builds on Egypt’s growing footprint in African energy markets and the proven track record of Egyptian Projects Operation and Maintenance (EPROM) in managing Nigerian refineries. The agreement was
