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International News Oil

Awodi-07 Discovery Boosts Nigeria’s Oil Sector Amid Refinery Expansion

Nigeria Confirms Awodi-07 Oil Discovery as Dangote Refinery Strengthens Domestic Energy Supply Nigeria’s oil sector has received a fresh boost following the Nigerian National Petroleum Company (NNPC) Limited’s confirmation of a new discovery at the Awodi-07 appraisal and exploration well in the western Niger Delta. The well, drilled by Chevron Nigeria Limited (CNL) under its joint venture with NNPC Ltd, is located in shallow offshore acreage and has confirmed hydrocarbons across multiple reservoir zones, reinforcing

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International Gas Transport and Logistics

Morocco to Launch Nador West Med Port as Second Major Mediterranean Deepwater Hub

Morocco Set to Open Nador West Med Port in Q4, Expanding Mediterranean Trade and Energy Capacity Morocco is preparing to bring its second Mediterranean deepwater port, Nador West Med, into operation in the fourth quarter of this year, marking a major step in expanding the country’s maritime and logistics capacity. The new port is designed to build on the global success of Tanger Med, which is currently the largest port in both the Mediterranean region

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International News Renewable Energy

Zambia Secures MoU with Chinese Companies for Up to 1,000MW of Solar Power Investment

Zambia Signs Major Renewable Energy MoU with Chinese Firms to Develop Large-Scale Solar Projects The Government of the Republic of Zambia has signed a landmark Memorandum of Understanding (MoU) with China Pingmei Shenma Holding Group Company Limited and LONGi Green Energy Technology Company Limited to develop large-scale renewable energy projects, with a primary focus on solar power generation. The agreement was signed at State House and witnessed by President Hakainde Hichilema. It was executed on

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International Gold Mining Projects

Power Metal Resources Advances Tati Gold Project with Key Approvals and Next-Phase Preparations

Power Metal Resources Secures Environmental Approval and Prepares for Drilling at Tati Gold Project in Botswana AIM-listed Power Metal Resources, together with its option partner Tuscan Holding and its in-country operations team, has completed critical preparatory work for the next phase of activity at the company’s 100%-owned Tati Gold Project. The project is located on the highly prospective Tati Greenstone Belt near Francistown, Botswana. The progress follows the share option agreement entered into with Tuscan

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International News Oil

Nigeria Strengthens Oil Leadership with Awodi-07 Discovery and Dangote Refinery Boost

Nigeria Confirms Awodi-07 Oil Discovery as Dangote Refinery Transforms Domestic Energy Market Nigeria’s oil sector has received a significant boost following a new discovery at the Awodi-07 appraisal and exploration well in the western Niger Delta, reinforcing the country’s position as Africa’s leading oil producer. The well, drilled by Chevron Nigeria Limited (CNL) under its joint venture with NNPC Limited, is located in shallow offshore acreage and confirmed hydrocarbons across multiple reservoir zones. NNPC spokesperson

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International News Oil

Libya Secures $20 Billion Energy Investment to Revive Oil Sector and Challenge Nigeria’s Lead

Libya Signs $20 Billion Deal with TotalEnergies and ConocoPhillips to Boost Oil Production by 850,000 BPD Libya, Africa’s largest holder of proven oil reserves, has secured a landmark $20 billion investment from US and French energy giants in a 25-year agreement aimed at revitalizing its oil sector and potentially positioning the country as Africa’s top oil producer. The deal, executed through Waha Oil Company, a subsidiary of Libya’s state-run National Oil Corporation (NOC), involves TotalEnergies

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Corporate News International Oil

Shell Weighs $20bn Investment in Nigeria’s Bonga South West Offshore Oil Project

Shell Considers $20 Billion Offshore Oil Investment in Nigeria’s Bonga South West Field Shell Plc and its partners in Nigeria are evaluating development options for the Bonga South West deepwater oil project, an offshore asset that could attract up to $20 billion in investment if it reaches a final investment decision (FID), according to Shell’s chief executive officer, Wael Sawan. Speaking in a video shared by Nigeria’s presidency, Sawan said Shell is working closely with

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International News Oil

GNPC Explorco Prepares to Launch Oil Exploration in Ghana’s Northern Region

GNPC Explorco to Begin Crude Oil Exploration in Ghana’s Voltaian Basin in 2026 GNPC Explorco, the exploration and production subsidiary of the Ghana National Petroleum Corporation (GNPC), is preparing to commence crude oil exploration in Ghana’s Northern Region as part of a broader strategy to expand the country’s energy sector and support economic growth. The planned exploration will focus on the Voltaian Basin, which covers large parts of the Northern Region and is widely believed

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Corporate News International Oil

Sintana Energy Secures Exclusive Negotiation Rights for Offshore Namibia Block

Sintana Energy Wins Exclusivity to Negotiate Stake in Namibia’s Walvis Basin PEL 37 Sintana Energy has secured exclusive rights to negotiate a potential investment in a large offshore exploration licence in Namibia’s Walvis Basin, strengthening its footprint in one of the world’s most closely watched emerging oil provinces. The company said it has signed a letter of intent granting exclusivity until 30 April 2026 to negotiate an indirect interest in Petroleum Exploration Licence (PEL) 37.

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Corporate News Gas International Oil

Chevron Returns to Libya with New Oil and Gas Exploration Agreement

Chevron Signs MoU with Libya’s NOC to Assess New Oil and Gas Opportunities Energy major Chevron has signed a memorandum of understanding (MoU) with Libya’s National Oil Corporation (NOC) to evaluate potential oil and gas exploration and development opportunities, supporting the country’s efforts to boost hydrocarbon production. The agreement was signed during the opening ceremony of the Libya Energy and Economic Summit 2026 in Tripoli on Saturday. It was formalised by NOC Chairman Masoud Suleiman

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