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Category: International

Corporate News International Oil Petroleum

Dangote Refinery Advances Fuel Supply Agreements with Eight African Nations

The Dangote Refinery is progressing in negotiations with eight African countries to secure fuel supply agreements, according to reports from The Punch. The refinery’s management is in advanced talks with South Africa, Angola, Niger, Chad, Burkina Faso, the Central African Republic, and Namibia to initiate fuel exports. In addition to Premium Motor Spirit (PMS), the refinery has already begun exporting diesel to several African nations, reaching a significant volume of nearly 100,000 barrels per day

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International Gas

ExxonMobil Aims for First LNG Production in Mozambique by 2030

ExxonMobil expects to begin liquefied natural gas (LNG) production from its Mozambique project by 2030, an executive announced on Thursday. Partnering with Italy’s Eni and China’s CNPC, ExxonMobil is leading the development, construction, and operation of onshore liquefaction and related facilities in northern Mozambique. “We anticipate starting early works at the Afungi site next year to keep the project on track for first LNG output in 2030,” said Frank Kretschmer, General Manager of ExxonMobil’s Mozambique

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Corporate News International Oil

TotalEnergies Pledges Major Investment in Nigeria Amid Policy Concerns

TotalEnergies CEO Patrick Pouyanne announced that the company plans to invest billions of dollars in Nigeria by actively participating in the country’s current oil bid round. Pouyanne shared this commitment during a recent visit with Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Chief Executive, Gbenga Komolafe, at the commission’s Abuja headquarters. This pledge comes just months after TotalEnergies allocated $6 billion to projects in Angola, citing challenges with Nigeria’s regulatory landscape as a deciding factor for

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International Economy Oil

Ghana Boosts Crude Oil Production by 10.7% in First Half of 2024

Ghana’s crude oil production saw a significant 10.7% increase in the first half of 2024, marking a recovery from the 13.2% decline recorded the previous year. This update was shared by Constantine Kudzedzi, Chairman of the Public Interest and Accountability Committee (PIAC), during the presentation of the 2024 Semi-Annual Report on Petroleum Revenue Management and Usage. According to Kudzedzi, the SGN field contributed 20% of Ghana’s total oil production, while the Jubilee and TEN fields

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International Exploration Petroleum

Tanzania to Auction 26 Petroleum Exploration Blocks in 2025 Licensing Round

Tanzania is set to launch its fifth petroleum licensing round in March 2025, offering 26 exploration blocks to global investors. Dr. James Mataragio, the Energy Deputy Permanent Secretary for Oil and Gas, announced the plan during a presentation on Tanzania’s oil and gas sector at the African Energy Week in Cape Town, South Africa. The conference, which brings together policymakers, investors, and industry leaders, focuses on advancing energy innovations and sustainable development strategies across Africa.

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International Corporate News Exploration Oil

Egypt and Chevron Discuss Expanding Exploration and Production Amid New Incentives

Egypt’s Petroleum and Mineral Resources Minister, Karim Badawi, recently met with Chevron’s International Exploration and Production President, Clay Neff, to discuss Chevron’s activities in Egypt and strategies for boosting production. The meeting highlighted the potential impact of new incentives from Egypt’s Ministry of Petroleum. The discussion covered Chevron’s ongoing negotiations with the Egyptian Natural Gas Holding Company (EGAS) concerning the acquisition of two new concessions. Minister Badawi emphasized the range of investment opportunities available through

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International Exploration Oil

Algeria Opens Six Onshore Blocks for Hydrocarbon Exploration to Attract Global Investment

Algeria’s National Agency for the Valorization of Hydrocarbon Resources (ALNAFT) has launched six new onshore blocks for conventional hydrocarbon exploration, inviting competitive bids as part of its five-year plan to boost upstream investments. These six blocks, covering a combined area of 152,000 km², offer high-potential exploration, development, and export opportunities. Interested parties can access tender documents and data packages starting November 26, with bids due by April 15, 2025. The data sets include over 102,000

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Gas International News

Republic of Congo to Launch Gas Code and Master Plan to Boost Industry Investment

The Republic of Congo (RoC) is preparing to unveil a new Gas Code alongside a comprehensive Gas Master Plan (GMP) in the coming months, both designed to accelerate the development of its natural gas sector. These policies will act as a blueprint for investment across the RoC’s gas value chain. The Gas Code aims to establish a clear legal and regulatory framework that will attract investment in gas exploration and production. It outlines specific legal

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Corporate News International Renewable Energy

GridAfrica and Huawei Partner to Deliver 72 MW Solar Power for Zimbabwe’s Mining Sector

Renewable energy firm GridAfrica and global tech giant Huawei have joined forces to install 72 MW of solar power infrastructure to support Zimbabwe’s mining sector. This collaboration aims to reduce reliance on the national grid and cut operational costs for local mining companies. “This initiative will not only optimize energy usage but also provide a sustainable power source that enhances the mining sector’s efficiency and financial stability,” stated Norman Moyo, CEO of GridAfrica. The solar

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Corporate News International Oil

Perenco Reaches 80,000 bpd Production Milestone in Republic of Congo

Independent hydrocarbon producer Perenco has boosted its production rate in the Republic of Congo to 80,000 barrels per day (bpd), following a $300 million investment into its Congolese operations. Looking forward, the company aims to achieve 100,000 bpd by 2025 through expanded activities and investments in new oil fields. To increase output, Perenco has employed advanced techniques to revive aging wells and tap into previously untapped reserves. In March 2024, the company strengthened its position

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