Dangote Refinery to Build Major Fuel Storage Facility in Namibia to Boost Southern Africa Distribution Dangote Petroleum Refinery is set to build a large-scale fuel storage facility in Namibia with the capacity to hold over 1.6 million barrels of gasoline and diesel, according to two sources cited by Reuters. The project marks a significant step in the company’s strategy to expand its fuel distribution network across Southern Africa and reshape regional energy trade. The planned
The African Energy Chamber (AEC), the voice of the African energy sector, urges OPEC member states and their allies to take decisive action to reverse global bans on fossil fuel financing and champion Africa’s right to develop its oil and gas resources. As the 9th OPEC International Seminar convened on Tuesday in Vienna, the Chamber reiterated that it is time to urgently put upstream financing back on the table and push back against policies that
Kosmos Energy Launches Commercial Operations at Greater Tortue Ahmeyim LNG Project Kosmos Energy has officially commenced commercial operations at the Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project, located offshore Mauritania and Senegal, marking a major milestone for West Africa’s energy sector. According to a statement from Kosmos—listed on both the NYSE and LSE—the project’s floating LNG production unit, Gimi, has reached its Commercial Operations Date under a 20-year Lease and Operate Agreement. The
A Malian military helicopter transported gold from Barrick Gold’s (NYSE: GOLD) Loulo-Gounkoto mining complex on Thursday, according to a report by Reuters. The airlift follows a court-appointed administrator’s decision to sell the site’s bullion to help finance ongoing operations. According to the report, the helicopter landed at the mine’s tree-lined airstrip and was met by the site’s security team. The personnel were then escorted to the plant’s gold room, where the bullion was loaded. The
Top international oil companies, including ExxonMobil, Chevron, TotalEnergies, and Eni, are actively competing in Libya’s newly reopened oil and gas licensing round, according to Masoud Suleman, Chairman of the National Oil Corporation (NOC). This marks Libya’s first major bid round since the country descended into civil conflict following the fall of Muammar Gaddafi in 2011. The renewed offering has attracted strong interest from a wide array of global energy firms, signaling a potential turning point
TotalEnergies SE is taking significant steps to restart its long-stalled natural gas project in northern Mozambique, following years of delay due to a violent insurgency in the region. The French energy giant has issued formal notifications to contractors, instructing them to begin site preparations. Companies involved in the project have started mobilizing personnel and equipment, signaling a gradual return to full operations. Among those notified is Portuguese construction firm Mota-Engil, which, in partnership with Belgian
GameChange Solar has signed a major agreement with CEEC-ZTPC to supply its Genius Tracker™ 1P Single Row system for Phase II of Egypt’s Abydos Solar PV Plant, further strengthening its footprint in Africa’s renewable energy sector. The project, spearheaded by AMEA Power with CEEC-ZTPC handling construction, will feature a 1 GWac solar photovoltaic plant integrated with a 600 MWh battery energy storage system (BESS). Once completed, it will be one of the largest solar-plus-storage developments
Libya’s National Oil Corporation (NOC) has announced that energy giants BP and Shell have signed new agreements to evaluate hydrocarbon exploration and development opportunities across three key Libyan oilfields. The move signals a cautious but significant return of major foreign investment in Libya’s oil sector, which has faced years of instability and production disruptions due to armed conflicts and political rivalries over oil revenues. As a result, frequent shutdowns have plagued the operations of Africa’s
Northern Ocean Ltd has signed a N$740 million drilling contract with Rhino Resources Namibia (Pty) Ltd to deploy its semi-submersible rig, Deepsea Mira, for exploration in Namibia’s Orange Basin. The contract, covering approximately 112 firm days, includes drilling the Volans-1X exploration well and is scheduled to begin in mid-July 2025. The agreement provides for one confirmed well with Rhino and another for a second, unnamed operator, with options for up to three additional wells. The
Over its projected 30-year operational lifespan, the Coral Sul floating liquefied natural gas (LNG) platform is expected to contribute approximately 16 billion US dollars to the Mozambican state through taxes and fees. This estimate was revealed on Tuesday during a media visit to the Coral Sul platform, organized by Mozambique’s Ministry of Mineral Resources and Energy. Operated by Italian energy company ENI, the platform is managed locally by ENI Rovuma Basin. During the visit, ENI
