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Local Gas News Oil

Angola’s Oil and Gas Sector Attracts $60 Billion in New Investments

12, March, 202512, March, 2025

Angola’s oil and gas industry is experiencing renewed global interest as international energy companies seek to tap into the country’s vast reserves. With rising global energy demand, Angola is positioning itself as a key player, according to Alcides Andrade, Executive Administrator of the National Agency for Petroleum, Gas, and Biofuels (ANPG). Speaking at CERAWeek in Houston, Andrade announced that Angola has secured over $60 billion in commitments for upcoming projects, attracting both established and new

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Corporate News Local Mining Projects

Minbos Secures Second Tranche of Funding for Cabinda Phosphate Project

12, March, 202512, March, 2025

Minbos Resources has received the second tranche of funding for the Cabinda Phosphate Fertilizer Project in Angola, securing $2.43 million from the Fundo Soberano de Angola. The final $1.17 million tranche will be disbursed upon completion of project insurance renewals and supplier quotations. Located in Cabinda Province, the project involves open-pit mining and fertilizer production, with an estimated 20-year mine life. Proven and probable reserves stand at 4.72 million tons. Minbos Resources, which holds an

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Corporate News Exploration Gas Oil

Predator Oil Expands Gas Exploration in Morocco with MOU-5 Well

11, March, 202511, March, 2025

Predator Oil is advancing its gas exploration efforts in Morocco, having already drilled four wells within its Guercif license. The company began drilling the MOU-5 well on March 3, 2025, as part of a strategic push to assess the site’s gas potential. Estimates suggest the region may contain up to 6 trillion cubic feet (TCF) of gas. A successful discovery could enhance Morocco’s energy security and reduce its reliance on imports. Despite mixed results from

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Corporate News International Oil

Libya’s Akakus Oil Completes High-Yield Well as NOC Opens New Exploration Opportunities

11, March, 202511, March, 2025

Akakus Oil Operations has successfully completed drilling the B-52H well in the Sharara oil field in southern Libya, with an estimated production capacity of 1,750 barrels per day. In a significant move to boost oil exploration, Libya’s National Oil Corporation (NOC) recently launched its first exploration tender since 2008. The tender offers over 20 exploration blocks, spanning both onshore and offshore areas, as part of a broader effort to revive the country’s energy sector and

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Renewable Energy International News

Morocco Approves $32.5 Billion in Green Hydrogen Projects to Boost Industrial Output

11, March, 202511, March, 2025

Morocco has approved green hydrogen projects worth 319 billion dirhams ($32.5 billion) to support the production of ammonia, steel, and industrial fuel, marking a major step toward energy transition and economic growth. A Moroccan government committee has chosen leading international firms to spearhead the development of green ammonia, including U.S.-based Ortus, Spain’s Acciona, and Germany’s Nordex, according to a statement from the Prime Minister’s Office. However, project timelines and funding details remain undisclosed. Additionally, the

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Corporate News International Oil

Seplat Energy to Invest $320 Million in Production Boost and Infrastructure Upgrades

11, March, 202511, March, 2025

Seplat Energy has announced plans to invest up to $320 million in 2024, focusing on drilling new wells and upgrading infrastructure as part of its strategy to boost oil production. This follows Seplat’s acquisition of Exxon Mobil’s Nigerian assets, with the company aiming to more than double its output to 140,000 barrels per day (bpd). In October 2023, Seplat obtained government approval for a 40% stake in four oil mining leases, as well as key

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International Gold News

Mali Suspends New Mining Permits Amid Safety and Regulatory Overhaul

11, March, 202511, March, 2025

Mali, Africa’s second-largest gold producer, has suspended the issuance of new mining permits to foreign companies following a tragic mining accident that claimed over 40 lives. The decision, announced by the Council of Ministers, also includes a ban on issuing artisanal mining permits to foreign nationals while investigations continue. The collapse of an illegal gold mine near Kéniéba in the western Kayes region last month resulted in the deaths of at least 43 people, mostly

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Corporate News Oil

Dangote Group Remits N402.3 Billion in Taxes, Strengthens Market Dominance

11, March, 202511, March, 2025

Dangote Industries Limited (DIL) and its subsidiaries have announced a tax remittance of over N402.3 billion for 2024, making the group the highest taxpayer in Nigeria. Speaking at a media briefing in Lagos, Anthony Chiejina, Chief Branding and Communication Officer of Dangote Group, highlighted that the payment includes contributions from key subsidiaries such as Dangote Cement, NASCON, and Dangote Packaging Limited. “As a responsible business entity, Dangote Group remains committed to fulfilling its tax obligations

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International News Oil

Nigeria Expands Refining Capacity with New Refineries and Upgrades

11, March, 202511, March, 2025

Nigeria is making significant progress in boosting its crude oil refining capacity through new refinery projects and the rehabilitation of existing state-owned facilities. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued licenses for three new refineries, expected to add 140,000 barrels per day (bpd) to the country’s refining capacity. The newly licensed refineries include: These projects align with Nigeria’s goal of reducing dependence on imported petroleum products and enhancing local refining capabilities.

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Corporate News Oil

NNPC Negotiates New Naira-for-Crude Deal with Dangote Refinery

11, March, 202511, March, 2025

The Nigerian National Petroleum Company (NNPC) Limited has confirmed ongoing negotiations for a renewed naira-for-crude agreement with Dangote Petroleum Refinery. This clarification comes amid concerns over a potential hike in petrol prices following reports that NNPC had halted its crude supply deal with Dangote and other local refineries. In a statement signed by Chief Corporate Communications Officer Olufemi Soneye, NNPC explained that the initial agreement was structured as a six-month contract set to expire in

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