You are Here

Category: Oil

Corporate News International News Oil

TotalEnergies Eyes New Offshore Drilling in South Africa Amid Regulatory Uncertainty

French energy giant TotalEnergies has announced plans to begin offshore drilling in South Africa in 2025, pending regulatory approval. The move represents a potential turning point in South Africa’s efforts to grow its oil and gas exploration sector. Mike Sangster, TotalEnergies’ Senior Vice President for Africa, disclosed the company’s intentions at an industry conference on Tuesday. He confirmed that TotalEnergies currently holds exploration rights over four offshore blocks in South African waters. If the drilling

Loading

Read More Here

International Corporate News Oil

Dangote Refinery Cancels June Maintenance After Early Repairs During Unplanned Shutdown

Nigeria’s Dangote Oil Refinery has cancelled a planned maintenance shutdown for June on its 204,000 barrels-per-day gasoline-producing unit, having completed the necessary work during an earlier unplanned outage, according to industry data from IIR (Industrial Info Resources). The maintenance was originally scheduled to last 30 days in June and would have targeted the refinery’s Residue Fluid Catalytic Cracking (RFCC) unit, which is critical for gasoline production. However, the refinery used the unexpected downtime between April

Loading

Read More Here

Oil Local News Petroleum

Angola and DRC Deepen Strategic Ties Through Oil and Infrastructure Cooperation

Angola and the Democratic Republic of Congo (DRC) are strengthening their bilateral relationship through joint hydrocarbon exploration, power grid integration, and regional transport development. Key projects such as the co-development of Block 14/23 in the Maritime Zone of Common Interest, electricity interconnection initiatives, and the Lobito Corridor railway are expected to advance cross-border trade and energy security, underscoring the value of regional collaboration. In April, Angola’s government approved a landmark agreement defining revenue sharing and

Loading

Read More Here

International News Oil Petroleum

DRC to Overhaul Petroleum Code in Bid to Attract Global Investors

In an interview with Jeune Afrique, Democratic Republic of Congo’s Minister of Hydrocarbons, Aimé Sakombi Molendo, announced that the country will undertake a complete revision of its Petroleum Code. According to him, the reform proposal will be submitted to the Council of Ministers within the next three months before being forwarded to Parliament for approval. Explaining the need for this reform, the Minister cited the failure of the oil block tender launched on July 28,

Loading

Read More Here

Local Economy News Oil

Angola’s Oil Sector Drives Economic Growth

The oil sector has been one of the fastest-growing industries in Angola in recent years, making a significant contribution to the national economy, according to the Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo. Speaking on the sidelines of the launch of the book “History of the Petroleum Sector in Angola”, Azevedo stated that oil remains one of the most developed sectors in the country and continues to be the main contributor to Angola’s

Loading

Read More Here

Local News Oil

Angola–U.S. Chamber of Commerce Urges Reform of Oil Sector Foreign Exchange Law

The President of the Angola–United States Chamber of Commerce, Pedro Godinho, has called for an urgent revision of Angola’s current Foreign Exchange Law for the oil sector to prevent further corporate insolvency. Speaking to the press on Thursday in Luanda, following a meeting with the Vice President of the Republic, Esperança da Costa, Godinho emphasized that fiscal instability is hindering the creation of a favorable business environment for both local and foreign investment. According to

Loading

Read More Here

Oil

Ghana Resumes Crude Processing with First Angolan Oil Delivery to Sentuo Refinery

Ghana has taken a significant step toward reviving its domestic fuel production with the arrival of its first shipment of Angolan crude oil at the Sentuo Refinery, following a six-month operational pause. The cargo was delivered by the Greek-operated Suezmax tanker Nicolaos, which docked at the refinery after loading approximately 500,000 barrels of Palanca crude on April 25. According to vessel tracking data, the ship was scheduled to offload between May 3 and 5 at

Loading

Read More Here

International News Oil

South Sudan Restarts Oil Exports Through Sudan After Pipeline Repairs

South Sudan has resumed crude oil exports through Sudan’s port following the repair of a key pipeline damaged during Sudan’s ongoing civil conflict, providing a critical financial lifeline for Juba. The pipeline was shut down in April 2023 after it ruptured in White Nile State, an area controlled by the Rapid Support Forces (RSF) amid intense fighting with the Sudanese Armed Forces (SAF). The conflict displaced millions and worsened an already dire humanitarian situation. According

Loading

Read More Here

Corporate News Gas Oil

KNOC to Expand Egypt Oil Investments

Petroleum Minister Karim Badawi held discussions with KNOC CEO Dong Sub Kim and his delegation to explore investment and cooperation opportunities in Egypt’s oil and gas sector. KNOC showed strong interest in expanding its investments, focusing on four areas in the Gulf of Suez and the Western Desert. Dana Petroleum Ltd. and the Petro Nefertiti joint venture are managing these investments. Badawi stressed that Egypt’s petroleum sector has the capacity and expertise to deliver large-scale

Loading

Read More Here

Corporate News International Oil

Chevron Eyes Expansion in Egypt’s Offshore West Star Block

Chevron is in advanced discussions with the Egyptian government to expand its presence in the West Star block, situated in Egypt’s deep offshore waters near the Cyprus border, just south of ExxonMobil’s Cairo and Masry blocks, according to the Middle East Economic Survey (MEES). In addition to these talks, Chevron has submitted bids for two of the 12 offshore blocks offered in the most recent licensing round by the Egyptian Natural Gas Holding Company (EGAS),

Loading

Read More Here

1 … 3 4 5 6 7 … 146
en English pt Portuguese