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Category: International

International Energy Gas News

Senegal Takes Full Control of Yakaar-Teranga Gas Project After Kosmos Energy Withdrawal

Senegal Transfers Yakaar-Teranga Gas Project to State Firm PETROSEN as Kosmos Energy Exits Major Offshore Development Senegal has moved to assume full control of its strategic Yakaar-Teranga Gas Project following an agreement for the withdrawal of US-based Kosmos Energy, marking a significant shift in the country’s upstream energy landscape. The decision places the development of one of West Africa’s largest gas discoveries firmly under state management. Prime Minister Ousmane Sonko announced that the agreement allows

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International Corporate News Oil

Rhino Resources Advances Capricornus Oil Discovery Appraisal Offshore Namibia

Rhino Resources Launches Capricornus-1A Appraisal Well to Assess Light Oil Discovery in Namibia’s Orange Basin Rhino Resources is advancing appraisal activities at its Capricornus oil discovery offshore Namibia following confirmation of a high-quality light oil-bearing reservoir in the Orange Basin, one of the world’s most closely watched new petroleum frontiers. The company has announced that it has contracted the Saipem 12000 drillship to carry out the Capricornus-1A appraisal well in Block 2914, which falls under

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Corporate News Gas International Oil

TotalEnergies Expands Local Supplier Spending as Namibia’s Oil and Gas Sector Gains Momentum

TotalEnergies Invests $141 Million in Namibian Suppliers to Boost Local Participation in Offshore Oil and Gas Industry TotalEnergies has spent more than US$141 million on local goods and services in Namibia since 2022, as the energy major intensifies efforts to expand local participation in the country’s fast-growing oil and gas sector. The investment reflects a broader push to strengthen domestic supply chains and ensure Namibian businesses benefit from the development of offshore energy resources. Speaking

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International News Oil

France Intensifies Push into Namibia’s Oil Sector as TotalEnergies Targets Major Offshore Projects

France Expands Energy Partnership with Namibia Amid Rising Competition for New Oil Frontier France is stepping up efforts to secure a foothold in Namibia’s rapidly expanding oil industry, backing its major energy companies and strengthening diplomatic ties despite recent regulatory tensions surrounding offshore deals. A delegation of around 20 French energy and industrial companies concluded a business mission to Namibia on April 17, signaling Paris’ intention to position the energy sector at the core of

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International News Renewable Energy

Zambia Secures $1.5 Billion China Deal to Add 900 MW Power Capacity and Strengthen Energy Security

Zambia has secured a $1.5 billion investment from China Machinery Engineering Corporation (CMEC) to expand its electricity generation capacity by 900 megawatts (MW), in a major step toward strengthening national energy security and supporting long-term infrastructure development. The agreement, signed with the Zambia Development Agency, supports the country’s broader target of reaching 10,000 MW of installed power capacity by 2031. It comes as Zambia continues to face electricity shortages driven largely by prolonged droughts, which

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International News Oil

Dangote Plans Major East Africa Refinery Expansion as African Leaders Push for Industrial Self-Sufficiency

Dangote Proposes 650,000 bpd East Africa Refinery to Boost Regional Industrialisation and Energy Security Africa’s richest man, Aliko Dangote, has announced plans to expand his refining operations into East Africa with a proposed large-scale refinery similar in size to his flagship facility in Nigeria. The move comes as African leaders intensify efforts to strengthen industrial self-sufficiency and reduce reliance on imported refined products. Speaking at the “Africa We Build” summit in Nairobi, Dangote said his

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International Energy Expos & Events

DRC Pushes for Energy Transformation as It Showcases Massive Hydropower Potential at African Energy Forum

DRC Highlights 167,000 MW Hydropower Potential at Invest in African Energy Forum 2026, Calls for Faster Project Execution The Minister of Water Resources and Electricity, Aimé Sakombi Molendo, participated on Tuesday, April 22, 2026, in a ministerial panel at the Invest in African Energy Forum 2026. The forum brings together governments, investors, and industry leaders to address financing, energy development, and energy security across Africa. During his intervention, the Minister revealed that the Democratic Republic

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International News Renewable Energy

Global Energy Transition Accelerates in 2025 as Renewables and Nuclear Expand

The global energy transition strengthened in 2025, with more than 12 GW of nuclear capacity under construction, according to a new International Energy Agency (IEA) report published on April 20, 2026. This reflects a renewed global interest in nuclear power as a low-carbon, reliable energy source, increasingly valued in the context of energy security concerns. Renewable energy also expanded at record speed, with nearly 800 GW of new capacity added in a single year. Solar

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International News Oil

PHC Plans Palm Oil Refinery in DRC to Boost Local Value Addition and Reduce Import Gap

DRC’s PHC to Build Palm Oil Refinery by 2028 as Company Targets Vertical Integration and Higher Output Plantations et Huileries du Congo (PHC), controlled by Kuramo Capital Management with an estimated 76% stake since 2021, is moving forward with plans to construct a palm oil refinery in the Democratic Republic of Congo as part of a broader strategy to strengthen vertical integration and capture more value locally. Speaking in an interview with Forbes Afrique published

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International Gas News

IEA Warns Middle East Conflict Could Disrupt Up to 120 bcm of Global LNG Supply Through 2030

Middle East Conflict May Cut 120 bcm of Global LNG Supply by 2030, Warns International Energy Agency The ongoing conflict in the Middle East could result in the loss of approximately 120 billion cubic metres (bcm) of liquefied natural gas (LNG) supply between 2026 and 2030, representing around 15% of expected global supply growth, according to the International Energy Agency (IEA). In its latest quarterly gas outlook released on April 24, the IEA said the

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