Morocco’s Ministry of Energy has issued an expression of interest for the development of a liquefied natural gas (LNG) terminal at the Port of Nador, marking the first phase of a tender process aimed at strengthening the country’s energy infrastructure. The proposed terminal will include a floating storage and regasification unit (FSRU) and will be connected to a planned pipeline stretching south to Dakhla, eventually linking to the Nigeria-Morocco Gas Pipeline, which will span 13
The National Petroleum Corporation of Namibia (NAMCOR) has signed a Memorandum of Understanding (MoU) with global offshore energy contractor Subsea7, marking a significant step toward advancing offshore infrastructure development in Namibia’s rapidly emerging oil and gas sector. The agreement follows recent offshore energy discoveries and is set to promote knowledge-sharing, capacity-building, and the development of a highly skilled and technically proficient local workforce. NAMCOR stated that the partnership will “drive innovation, enhance safety, and support
De Beers Group has joined forces with Stuller, the largest jewelry manufacturer in the United States, to expand the distribution of its DiamondProof verification device throughout the U.S. retail market. Announced on Monday, the partnership names Stuller as the official sales distributor for DiamondProof. This collaboration follows the device’s retail debut in February and is aimed at making diamond-verification technology more accessible to jewelers across the country. DiamondProof is designed to quickly and accurately identify
Somalia has signed a sweeping energy agreement with Turkey, granting the country rights to 90% of oil and gas production under a long-term cooperation deal. The agreement, signed in Istanbul on March 7, 2024, by energy ministers from both countries, was submitted to the Turkish Parliament for ratification on April 22 and has since been made public. This deal marks a major expansion of Turkey’s strategic footprint in the Horn of Africa, aligning with Ankara’s
Afreximbank has launched a $3 billion Revolving Intra-African Oil Trade Financing Programme to address Africa’s heavy reliance on imported refined petroleum, which costs around $30 billion annually due to limited local refining capacity. The initiative aims to support African and Caribbean oil buyers in sourcing refined products while promoting regional refining development. This revolving facility is expected to finance between $10 billion and $14 billion in intra-African petroleum imports over time. It aligns with the
Arab Consulting Office (ACO) has partnered with global tech leaders Sungrow and Tongwei to sign a framework agreement with IRSC for the development of 75 MW of solar projects across Egypt. This collaboration establishes a long-term partnership, leveraging Tongwei’s high-efficiency PV modules and Sungrow’s advanced inverters and energy storage systems. The solar projects are set to boost Egypt’s renewable energy capacity, aligning with the country’s Vision 2030 targets. This initiative also serves as a model
Namcor has announced that Namibia could produce more than 2.5 million tons of natural gas annually, based on recent discoveries and early-stage assessments from 2022 to the present. At the Namibia International Energy Conference held in Windhoek on Thursday, April 24, 2025, Mtundeni Ndafyaalako, Namcor’s Executive of Upstream Development and Production, shared this projection during a session titled Monetizing Natural Gas: Lessons, Solutions, and Infrastructure. The session was moderated by Francisco Simao, Legal & Corporate
Chevron announced Thursday that it is considering drilling an exploration well in Namibia’s Walvis Basin, with operations potentially beginning as early as 2026 or 2027. The U.S. energy giant stated it is advancing its offshore exploration portfolio in Namibia—a region that has rapidly gained attention as a global exploration hotspot. The proposed well will be located in Petroleum Exploration License (PEL) 82 in the Walvis Basin, situated north of the Orange Basin, where companies like
Burkina Faso’s military-led government has granted an industrial mining license to Russian company Nordgold for the development of a new gold project. The move comes as the West African nation seeks to capitalize on record-high gold prices to strengthen an economy battered by ongoing insecurity, according to Reuters. Last year, Burkina Faso reaffirmed its commitment to deepening ties with Russia, emphasizing that the partnership extends beyond military cooperation. This latest development highlights the country’s growing
The United States has expressed interest in investing in Africa’s most ambitious gas pipeline project, which aims to connect Nigeria to Morocco. Nigeria’s Finance Minister, Wale Edun, revealed the U.S. interest, highlighting the potential for American involvement in the project. . According to The Cable, Minister Edun disclosed this development in a statement summarizing outcomes from the ministry’s bilateral engagements during the 2025 Spring Meetings of the International Monetary Fund (IMF) and the World Bank
