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International Gas News

South Africa Proposes 10-Year LNG Import Deal with the U.S. to Boost Trade and Energy Security

South Africa has proposed a long-term agreement to import liquefied natural gas (LNG) from the United States over a ten-year period, aiming to enhance trade relations and support its energy transition. The proposal was detailed in a ministerial statement signed by Minister in the Presidency, Khumbudzo Ntshavheni, and published on the South African government news agency website. According to the statement, South Africa plans to import between 75 and 100 petajoules (PJ)—equivalent to approximately 75

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International News Oil

South Africa’s Fuel Crisis Deepens as Refining Capacity Halved

Nearly half of South Africa’s oil refining capacity remains idle, reflecting a sharp decline over the past five years due to a combination of plant accidents and chronic underinvestment. This has forced the country to rely on imports for more than 60% of its fuel needs, according to state-owned logistics firm Transnet SOC Ltd. In the first quarter of 2025 alone, South Africa imported 4.2 million tons of refined petroleum products, with annual imports projected

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Local News Oil

Third Fatality Confirmed Following Cabinda Oil Platform Accident

Authorities have confirmed a third fatality resulting from the oil platform accident that occurred on May 20th off the coast of Cabinda. The latest victim, one of the 17 individuals injured in the incident, passed away in South Africa, where four of the injured were transferred for specialized medical care. This marks the second death recorded in South Africa linked to the accident. In addition, a worker who had previously been reported missing was found

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Local News Oil

Angola Signs 25-Year Risk Service Contract for Block CON 4 to Boost Onshore Oil Development

Angola’s National Agency for Petroleum, Gas and Biofuels (ANPG) has signed a Risk Service Contract for Block CON 4 with a consortium made up of Etu Energias, national oil company Sonangol, and Gesprocon. The agreement grants the consortium a 25-year operating license—comprising five years for exploration and 20 years for production—on the onshore block. Paulino Jerónimo, Chairman of the ANPG Board of Directors, highlighted the importance of the technical studies outlined in the contract, stating

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Oil Local News

Cabinda Oil Platform Blast Underscores Safety Concerns in Angola’s Offshore Sector

The General Secretary of the Cabinda Oil Industry and Related Workers Union (STIPAC), André Capita, has expressed concern over the frequency of accidents in Angola’s oil sector, following a recent incident on the Benguela Belize Lobito Tomboco (BBLT) platform that left 17 people injured and one missing. The fire occurred early Tuesday on the basement deck of the deep-water BBLT platform, operated by Cabinda Gulf Oil Company (Cabgoc), a Chevron subsidiary, located in Block 14

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Local News Oil

Angola Welcomes FPSO Agogo Ahead of 2025 Oil Production Launch

The floating production, storage, and offloading vessel (FPSO) Agogo—developed by Azule Energy (operator), the National Oil, Gas and Biofuels Agency (ANPG), and Block 15/06 partners Sonangol Exploration & Production and Sinopec—has arrived in Angolan waters as of May 15. With a production capacity of 120,000 barrels of oil per day, the vessel plays a key role in the upcoming Agogo Integrated West Hub Project, set to begin operations in the second half of 2025. According

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Local News Transport and Logistics

Lobito Corridor Platform Launched to Drive $1 Billion Investment in African Growth

The Angola Sovereign Wealth Fund (FSDEA), in partnership with entrepreneur Haim Taib — Founder of the international firm Mitrelli and the Menomadin Group — has launched a $1 billion investment initiative to accelerate development along the Lobito Corridor. This vital trade route spans Angola, Zambia, and the Democratic Republic of the Congo (DRC). The new initiative, named the Lobito Corridor Impact Development (LCID) platform, will operate as an independent investment vehicle. Its mission is to

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International News Oil

Republic of Congo Approves New Oil Exploration Permits to Boost Hydrocarbon Output

The Republic of Congo has approved two key decrees aimed at accelerating growth in the hydrocarbon sector and reinforcing the strategic role of the national oil company, Société Nationale des Pétroles du Congo (SNPC). During a Council of Ministers meeting held on May 13, the government granted SNPC the new Likouala II exploration permit. This followed the relinquishment of the original concession by independent oil and gas company Perenco and its joint venture with SNPC,

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International Economy News

Nigeria Finalizes Legal Framework for African Energy Bank Ahead of Launch

The Federal Government of Nigeria has finalized the key legal and governance frameworks required to launch the African Energy Bank, marking a significant step forward in the project’s implementation. During a recent meeting in Abuja, Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, hosted African Export-Import Bank (Afreximbank) President Prof. Benedict Oramah and African Petroleum Producers’ Organization (APPO) Secretary General Omar Farouk Ibrahim to review progress on the initiative. A statement issued on Sunday

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Local Gas News Oil

Angola Pledges Support for Namibia’s Growing Oil and Gas Sector

Angola has expressed its readiness to assist Namibia in building its oil and gas industry by leveraging its decades of experience in the sector. Presidential spokesperson Alfredo Hengari confirmed that Angola is well-positioned to train Namibians in oil and gas and has already begun capacity-building initiatives. He reaffirmed Angola’s full commitment to supporting the development of Namibia’s emerging energy sector. This pledge comes in the wake of Namibian President Netumbo Nandi-Ndaitwah’s recent working visit to

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