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International News Oil

Somalia to Begin Oil Drilling in Coming Months, President Announces

Somalia Launches Oil Drilling Initiative to Boost Economic Growth and Infrastructure Somalia’s President, Hassan Sheikh Mohamud, has announced that the country will begin oil drilling operations in the coming months, marking a significant step toward harnessing Somalia’s natural resources for national development. Speaking on Monday at the opening of the 7th Session of the Federal Parliament in Mogadishu, President Mohamud said the initiative will be a catalyst for Somalia’s growth. “We are committed to using

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International Gas News Oil

Equatorial Guinea to Launch Major Oil & Gas Licensing Round in April 2026

Equatorial Guinea Announces 2026 Oil & Gas Licensing Round to Boost Exploration Amid Declining Output Equatorial Guinea will launch a new oil and gas licensing round in April 2026 to encourage exploration and counter declining production, Hydrocarbons and Mining Development Minister Antonio Oburu Ondo announced. Known locally as “la ronda”, the licensing round is planned for the second quarter of 2026. Detailed timelines, application procedures, and requirements will be announced closer to the launch. The

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Oil Gas International News

Equatorial Guinea to Launch 2026 Oil & Gas Licensing Round with 24 Blocks to Revive Production

Equatorial Guinea to Launch 2026 Oil & Gas Licensing Round with 24 Blocks to Revive Production Equatorial Guinea is set to launch a new oil and gas licensing round in April 2026 to stimulate exploration and address the decline in hydrocarbon production, Hydrocarbons and Mining Development Minister Antonio Oburu Ondo announced. The licensing round, referred to locally as “la ronda,” will begin in the second quarter of 2026, with detailed timelines, application procedures, and requirements

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International News Renewable Energy

Tunisia’s Kairouan Solar Project Surpasses 82% Completion, Nearing Year-End Launch

Kairouan Solar Project in Tunisia Hits 82% Completion, Set to Begin Operations by 2025 Construction of Tunisia’s Kairouan solar project is progressing rapidly, surpassing 82% completion as of September 2025. Senior officials, including Secretary of State for Energy Transition Ouael Chouchene, STEG CEO Tarifa Faycel, Kairouan Governor Dhaker Barguaoui, and Almud Weitz from the World Bank Group, recently visited the site to assess progress. The 120 MWp facility, located in Metbassta within Kairouan governorate, is

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Renewable Energy International News

RWE Pulls Out of Namibia’s $10 Billion Green Ammonia Project, Jeopardizing Hydrogen Ambitions

RWE Exits $10B Hyphen Green Ammonia Project, Namibia’s Hydrogen Hub Plans Hit Setback German power utility RWE has withdrawn from Namibia’s $10 billion Hyphen Green Ammonia venture, delivering a major blow to the southern African nation’s aspirations to become a leading hydrogen hub. The decision highlights growing caution among energy companies toward costly investments in emerging technologies, particularly amid slower-than-expected demand for hydrogen and hydrogen derivatives in Europe. RWE had signed a preliminary, non-binding memorandum

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Oil International News

Nigerian Billionaire Arthur Eze Secures Four Offshore Oil Blocks in Liberia

Arthur Eze’s Atlas Oranto Petroleum Wins Four Offshore Exploration Blocks in Liberia, Boosting West Africa’s Oil Sector Nigerian billionaire Prince Arthur Eze has secured four offshore exploration blocks in Liberia through his company, Atlas Oranto Petroleum Limited, marking a significant milestone for Liberia’s long-stalled energy sector. The Liberia Petroleum Regulatory Authority (LPRA) and Atlas Oranto Petroleum International Ltd. signed four Production Sharing Contracts (PSCs) in Paris — Liberia’s first major upstream oil agreements in over

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Renewable Energy International News

EU Launches €545 Million Renewable Energy Fund to Power Africa’s Future

European Union Announces €545 Million Renewable Energy Package to Boost Electrification in Africa The European Union has announced a €545 million ($638 million) renewable energy investment package aimed at accelerating electrification, modernizing power grids, and improving access to clean energy across Africa. Despite Africa’s vast renewable energy potential, nearly 600 million people on the continent still live without electricity. The European Commission stated that this initiative could help create up to 38 million green jobs

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Diamonds International News

Botswana Launches Emergency Diamond Auction to Boost Revenues Amid Market Slump

Botswana Holds Rare Diamond Auction as Global Gem Demand Weakens Botswana is staging an unprecedented diamond auction in a bid to shore up government revenues battered by a prolonged slump in the global gems market. The state-owned Okavango Diamond Company (ODC) is offering about 1 million carats of rough diamonds in a one-off “closed” tender, ODC spokesperson Dennis Tlaang confirmed on Thursday. Unlike the company’s regular auctions—planned well in advance for registered buyers—this ad-hoc sale

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International Gas News

Mozambique to Launch $7.2 Billion Coral Norte LNG Project in October

Mozambique Greenlights $7.2 Billion Coral Norte LNG Project, Backed by Eni, to Boost Gas Exports Mozambique will officially launch the $7.2 billion Coral Norte natural gas project next month in the Rovuma Basin’s Area 4, President Daniel Chapo announced on Monday during the Global Energy Alliance meeting in New York, held alongside the 80th United Nations General Assembly. Construction of Coral Norte is set to begin in October 2025, led by Italian energy major Eni.

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Local News Oil

Angola Faces Declining Oil Outlook Through 2032 Without New Discoveries

Angola Oil Outlook Negative Until 2032 as Production Falls and New Reserves Needed Angola’s oil sector faces a “very negative” outlook until at least 2032, with stabilization in production only possible through the discovery of new reserves, according to the Economic Report for the First Quarter of 2025 by the Economic Research Center of Lusiada University of Angola (CINVESTEC). The study warns that oil production will continue to decline over the next seven years unless

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