Libya and Algeria Deepen Energy Ties with Four Strategic Oil and Gas Agreements

Libya’s NOC and Algeria’s Sonatrach Sign Four Key MoUs to Expand Energy Cooperation in Exploration, Services, and Training Libya’s National Oil Corporation (NOC) has signed four memorandums of understanding (MoUs) with Algeria’s state-owned oil company Sonatrach, strengthening bilateral cooperation across key areas of the energy sector. The agreements were signed at Sonatrach’s headquarters in Algiers and aim to enhance collaboration in operations, oilfield services, training, and knowledge exchange. The first MoU was signed between the

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TotalEnergies Increases Angola’s Oil Production with Begonia and CLOV Phase III Projects

TotalEnergies Adds 60,000 Barrels Per Day to Angola’s Oil Production with New Offshore Projects TotalEnergies SE has expanded its oil production capacity in Angola by 60,000 barrels per day (bpd) with the launch of the Begonia and CLOV Phase III offshore projects. The Begonia project, located 150 kilometers off the Angolan coast, contributes 30,000 bpd from five subsea wells connected to the Pazflor FPSO (Floating Production, Storage, and Offloading) vessel. Notably, Begonia marks Angola’s first

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Woodside Energy Posts Strong Q2 Revenue on Sangomar Boost, Despite Hydrogen and Decommissioning Write-Downs

Woodside Energy Beats Q2 Revenue Forecast on Sangomar Output, Exits Hydrogen Project with $140M Loss Australia’s Woodside Energy delivered an 8% rise in second-quarter revenue, beating market expectations on the back of strong production from Senegal’s Sangomar project. However, the company also reported significant write-downs tied to a failed hydrogen venture and rising decommissioning costs at aging offshore assets. The country’s largest gas producer generated $3.28 billion in revenue for the three months ending June

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Dangote Refinery Turns to Angola’s Fleet Amid Nigeria’s Maritime Capacity Challenges

Dangote Refinery has begun relying on Angola’s shipping fleet for the transportation of its crude oil and refined products. Speaking at the 2025 Maritime Law Seminar in Lagos, Ladi Olubowale, President of the African Shipowners Association in Nigeria, revealed that Dangote’s decision stems from the lack of suitably sized vessels owned by Nigerian ship operators. Olubowale, a retired ship captain, explained that Nigerian shipowners currently do not possess vessels with the capacity to handle Dangote’s

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Diamantino Awarded Medal for Peace and Energy Leadership as Angola Charts Bold Energy Future

The African Energy Chamber supports Minister Azevedo’s national honor, recognizing his leadership in transforming Angola’s oil and gas sector through major reforms and strategic projects In recognition of a lifetime dedicated to peace, development and the advancement of Angola’s oil and gas industry, Diamantino Pedro Azevedo, Minister of Mineral Resources, Petroleum and Gas, has been awarded the Commemorative Medal for the 50th Anniversary of National Independence in the Peace and Development Class by Angola’s President

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Angola’s Oil and Gas Output Drops 10.2 Percent in Q2 2025 Amid Sector Struggles

Angola Oil Production Falls to One Million Barrels Per Day in Q2 2025 as Sector Contracts Over 10 Percent Oil and gas production in Angola fell by 10.2 percent in the second quarter of 2025, according to an estimate released Monday by the Economic Studies Department of Banco Fomento Angola (BFA). The decline brought daily oil output down to approximately 1 million barrels per day, reinforcing the ongoing structural downturn in the country’s crude oil

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Galp Energia Boosts 2024 Profit Outlook and Seeks Partner for Massive Namibia Oil Find

Galp Raises 2024 Earnings Forecast and Eyes Strategic Partner for 10 Billion-Barrel Namibia Oil Discovery Portuguese energy group Galp Energia has raised its full-year profit forecast after reporting better-than-expected second-quarter results and revealed plans to bring in a development partner for its significant offshore oil discovery in Namibia. The company now expects adjusted EBITDA to exceed €2.7 billion in 2024, up from its previous estimate of €2.5 billion.The revision comes on the back of strong

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Zambia Inks $1.1 Billion Deal for Oil Refinery and Energy Hub in Ndola

Zambia to Build $1.1 Billion Oil Refinery in Ndola to Cut Fuel Imports and Boost Exports Zambia has signed a landmark $1.1 billion agreement to construct a crude oil refinery and integrated energy complex in Ndola, located in the country’s Copperbelt Province, the government announced Monday. The project, aimed at reducing Zambia’s heavy reliance on imported fuel, will be developed through a partnership between the state-owned Industrial Development Corporation (IDC) and China’s Fujian Xiang Xin

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East African Crude Oil Pipeline Hits 64.5% Completion, Driving Regional Growth

EACOP Pipeline Reaches 64.5% Completion, Generates $19.5 Million for Tanzania The East African Crude Oil Pipeline (EACOP), also known as the Uganda–Tanzania Crude Oil Pipeline (UTCOP), has reached a major implementation milestone, with 64.5% of construction now complete. The $5 billion cross-border infrastructure project has already generated over TSh50 billion (approximately $19.5 million) in revenue for Tanzania through taxes, levies, and construction-related charges. Spanning 1,443 kilometers, EACOP is set to become the world’s longest heated

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Uganda Advances Energy Strategy with New Oil Refinery and Workforce Development

Uganda Partners with UAE Firm to Build Oil Refinery and Boost Skilled Workforce in Energy Sector Uganda is strengthening its national oil strategy by launching a domestic crude oil refinery to complement its export-oriented projects. A new agreement with a UAE-based company will lead to the construction of this key facility, with ownership shared between the foreign investor and the Uganda National Oil Company (UNOC). Construction is expected to commence soon, and the refinery is

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