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Energy Corporate News International Oil

Sintana Energy Confirms Third Light Oil Discovery at Namibia’s Mopane Complex

Sintana Energy’s Mopane-2X Well Strengthens Namibia’s Offshore Oil Potential Sintana Energy has successfully completed drilling operations at the Mopane-2X well in Namibia’s PEL 83 offshore block, confirming the presence of high-quality light oil and further strengthening the exploration potential of the Mopane complex. The discovery adds to growing evidence that PEL 83 is emerging as one of Namibia’s most promising hydrocarbon regions, with results expected to support future development opportunities and Sintana Energy’s long-term growth

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International Energy Oil

Gulf Pipeline Expansion Creates New Opportunities for Africa’s Energy Export Strategy

Gulf States Advance Seven Pipeline Projects to Bypass Strait of Hormuz, Reshaping Africa’s Energy Trade Gulf countries are accelerating the development of seven major oil and gas pipeline projects designed to bypass the Strait of Hormuz, a strategic maritime chokepoint through which nearly one-fifth of the world’s oil supply passes. The investments aim to strengthen energy security, reduce export risks and ensure uninterrupted access to international markets. The projects, led by Saudi Arabia, the United

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Local Corporate News Energy Oil

Angola and DRC Deepen Energy Cooperation on Shared Offshore Hydrocarbon Resources

Angola and DRC Advance Joint Offshore Oil Development with New Cooperation Measures for Common Interest Area Angola and the Democratic Republic of Congo (DRC) have continued to strengthen their energy partnership after technical experts from both countries met in Luanda on Tuesday and Wednesday to advance cooperation within the Area of Common Interest (ACI). According to Angola’s Ministry of Mineral Resources, Petroleum and Gas, the meeting focused on reviewing the implementation of the legal framework

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Energy Economy News Oil

Angola Positioned to Support Global Energy Security Through Oil and Gas Development

Angola Highlights Oil and Gas Potential to Meet Growing Global Energy Security Demand Angola has reaffirmed its ability to contribute to global energy security by leveraging its significant oil and gas resources, expanding investment opportunities, and strengthening its role as a reliable energy supplier. The government says the country has the necessary resources, infrastructure, and strategic position to respond to rising global demand for stable and secure energy supplies, while continuing to develop its hydrocarbons

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International Energy News Oil

IEA Warns Strait of Hormuz Crisis Could Threaten Global Energy Security

Global Energy Security at Risk as IEA Warns Strait of Hormuz Disruption Could Last for Weeks The International Energy Agency (IEA) has warned that global energy security could come under serious pressure if disruptions in the Strait of Hormuz are not resolved within weeks. IEA Executive Director Fatih Birol said prolonged instability around the strategic waterway could have major consequences for global oil and gas markets, given the strait’s role as one of the world’s

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Local Corporate News Energy

Trafigura Withdraws from Angola’s $2 Billion Power Project Amid Development Challenges

Trafigura Exits Angola’s $2 Billion Power Plant Project, Raising Questions Over Energy Expansion Plans Global commodities company Trafigura has withdrawn from a planned US$2 billion power project in Angola, creating uncertainty around one of the country’s major energy infrastructure developments. The project, which was expected to support Angola’s electricity generation capacity and strengthen industrial growth, was part of broader efforts to expand the country’s energy infrastructure and improve power supply reliability. Trafigura’s decision to step

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Local Energy News

Angola Approves 30-Year Electricity Corridor to Supply Power to DRC

Angola Grants Somagec 30-Year Power Transmission Deal to Export Electricity to DR Congo Angola has granted Somagec Energy Holding Limited (SEHL) a 30-year concession to develop and operate an electricity transmission system that will enable power exports to the Democratic Republic of Congo (DRC). The project, known as the Northern Corridor, will also strengthen electricity supply to Angola’s Cabinda Province. The concession was awarded under a Build, Own, Operate and Transfer (BOOT) model, allowing Somagec

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International Corporate News Energy Oil

QatarEnergy Confirms New Oil Discovery in Namibia’s Orange Basin

QatarEnergy Announces Light Oil Discovery at Merlin-1X Well in Namibia’s Orange Basin QatarEnergy has announced a new offshore oil discovery in Namibia’s Orange Basin following the successful drilling of the Merlin-1X exploration well in Petroleum Exploration Licence 39 (PEL 39), further reinforcing the country’s status as one of the world’s most promising emerging hydrocarbon provinces. The Merlin-1X well encountered a significant oil-bearing reservoir, with preliminary geological analysis confirming the presence of high-quality light crude oil

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Local Energy News Oil

Angola Urged to Accelerate Energy Diversification as Oil Production Decline Looms

Angola must invest in electricity exports and prepare for post-oil economy, warns Antonio Costa Silva Former Portuguese Economy Minister António Costa Silva has urged Angola to urgently accelerate economic diversification and prepare for a post-oil future, warning that declining production from mature oil fields could significantly impact the country’s revenues in the coming years. Speaking in Luanda during the presentation of a Deloitte banking sector report, Costa Silva noted that Angola could face an estimated

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International Corporate News Energy Mining Personality

Seplat Energy Names Tony Elumelu Chairman-Elect and Effiong Okon CEO in Major Leadership Transition

Seplat Energy Appoints Tony Elumelu as Chairman-Elect and Effiong Okon as CEO Amid Leadership Restructuring Seplat Energy has announced a major leadership transition, appointing billionaire investor Tony Elumelu as its incoming Chairman effective January 2027, while naming Engr. Effiong Okon as its new Chief Executive Officer from 1 August 2026. The company disclosed the appointments in a filing with the Nigerian Exchange Limited (NGX), signed by Company Secretary Edith Onwuchekwa. Elumelu will succeed current Chairman

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