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International Gas News Oil

Biden Bans New Offshore Oil and Gas Development, Defying Trump’s Future Plans

13, January, 202513, January, 2025

US President Joe Biden has announced a ban on new offshore oil and gas development along most US coastlines, a decision that could be difficult for President-elect Donald Trump, who has promised to boost domestic energy production, to reverse. The White House confirmed on Monday that Biden would use his authority under the 70-year-old Outer Continental Shelf Lands Act to protect federal waters off the East and West coasts, the eastern Gulf of Mexico, and

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International Exploration Gas Oil

Azule Energy’s Farm-In Deal Boosts Namibia’s Role in Africa’s Energy Landscape

13, January, 202513, January, 2025

Azule Energy’s successful farm-in agreement for Block 2914A in Namibia’s Orange Basin marks a pivotal moment in Africa’s offshore oil and gas exploration. The deal underscores the enormous hydrocarbon potential of the Orange Basin and Namibia’s emergence as a key player in the global energy sector. This agreement highlights the growing trust in Africa’s abundant offshore energy resources. Azule Energy now holds a 42.5% interest in Block 2914A, a significant step toward unlocking the basin’s

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International Exploration Gas Oil

Global Petroleum Pursues Farm-In Agreement for Namibian Offshore Exploration

13, January, 202513, January, 2025

Australian-based Global Petroleum, an AIM-listed upstream oil and gas exploration company, is in early commercial discussions to secure a farm-in agreement with an undisclosed potential operating partner for its Petroleum Exploration License (PEL) 94 in Block 2011A, located in Namibia’s Walvis Basin. With increased offshore exploration activity in Namibia, particularly in the Walvis Basin—where Chevron recently acquired an 80% operated interest in PEL 82—Global Petroleum has reported heightened interest in the PEL 94 data. The

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International Renewable Energy

Namibia Accelerates Renewable Energy Push with 330 MW Solar Allocation

13, January, 202513, January, 2025

Namibia has unveiled plans to procure and implement 330 megawatts (MW) of solar photovoltaic (PV) capacity as part of its 2024 ministerial determination, the Ministry of Mines and Energy announced. According to Minister Tom Alweendo, the new capacity will be distributed between state-owned utility NamPower and independent power producers (IPPs). This initiative marks a significant step toward Namibia’s energy independence and sustainability goals. “The 2024 ministerial determination reflects a cohesive strategy aligned with our economic

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Local Economy Oil

Angola’s Oil Production Expected to Stagnate Amid Global Challenges

8, January, 20258, January, 2025

Angola’s oil production is projected to remain steady at 1.173 million barrels per day in 2025, following a 3.6% increase to 1.170 million barrels per day in 2024, according to a report by Oxford Economics. The British consultancy highlighted that Angola achieved its government-set production targets in November, with a slight rise in crude oil output. Analysts forecast a modest growth in production from 2024 to 2025, marking continued stability in the sector. Oxford Economics’

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Gas Local News

Angola’s Gas Master Plan Proposal Reviewed by Council of Ministers

7, January, 20257, January, 2025

The Draft Gas Master Plan (PDG) was reviewed last Friday during a Council of Ministers session after being open for public consultation since October last year. The proposal, developed by the Ministry of Mineral Resources, Petroleum, and Gas, has received government approval to proceed with the next steps. The PDG outlines the government’s strategy to promote the development of a gas value chain. Its implementation is expected to attract approximately $30 billion in investments to

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Corporate News International News Oil

Shell Approves Final Investment Decision for Nigeria’s Bonga North Deepwater Project

7, January, 20257, January, 2025

Shell, through its Nigerian subsidiary, has finalized its decision to invest in the Bonga North Deepwater Development project in Nigeria. Located within an extension of the active Bonga field in Oil Mining Lease (OML) 118, the project is designed to sustain production at the Bonga facility, with first oil expected by 2030. The development aims to achieve a daily production target of 100,000 barrels of oil and includes 16 wells—eight oil production wells and eight

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Local News Oil

Angola’s Oil Production Falls Short of OPEC Targets Amid Structural Challenges

7, January, 20257, January, 2025

Angola’s oil production is set to remain below the targets previously set by the Organization of Petroleum Exporting Countries (OPEC), contributing to the country’s decision to exit the organization in late 2023, according to the report The State of African Energy in 2025. The report highlights Angola’s departure from OPEC as a significant development, triggered by the allocation of a smaller production quota than the country intended. Angola’s oil output is projected to average just

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Local Energy News

Power Outage Leaves 11 Provinces Without Electricity in Angola

7, January, 20257, January, 2025

A widespread power outage has left 11 provinces in Angola without electricity following an interruption in the North and Central Interconnected System. The blackout, which occurred on the afternoon of Monday, January 6, 2025, affected areas including Luanda, Bengo, Benguela, Huambo, and Bie, among others. According to a statement from the National Electricity Transmission Network (RNT), the outage disrupted electricity supply to more than 10 provinces. “At 2:42 pm, there was an interruption in the

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Corporate News Diamonds International

Alrosa Deputy CEO Vladimir Marchenko Steps Down for New Industry Role

7, January, 20257, January, 2025

Alrosa’s deputy CEO, Vladimir Marchenko, is stepping down from his role to pursue a new opportunity within the diamond industry. Marchenko joined Alrosa in 2017 as vice president of production for Africa and South America, before being promoted to deputy CEO in 2018. In his tenure, Marchenko led key projects in Africa, including efforts to identify new diamond deposits in Zimbabwe. He also currently heads the Russia-Zimbabwe Business Council (RZBC). Alrosa CEO Pavel Marinychev praised

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