Vital Industry News
UAE Exit from OPEC Raises Volatility Risks for Global Oil Markets and African Producers Sudan’s Gold Sector Becomes Economic Lifeline Amid Prolonged Conflict Dangote Backs New East African Refinery Project in Tanzania Libya Partners with Chevron to Assess Shale Oil and Gas Potential Uganda Plans New Oil Licensing Round to Expand Reserves Cameroon Awards Five Oil and Gas Blocks in 2025–2026 Licensing Round Dakar LNG Terminal Project Set to Strengthen Senegal’s Energy Security UAE Exit from OPEC Raises Concerns Over Oil Market Stability and Nigeria’s Revenue Outlook Angola Oil Revenue Rises to $7.16 Billion in Q1 on Stronger Prices Angola Oil Sector Faces Medium Risk of Money Laundering, Study Finds
International Corporate News Oil

UAE Exit from OPEC Raises Volatility Risks for Global Oil Markets and African Producers

Gold International News

Sudan’s Gold Sector Becomes Economic Lifeline Amid Prolonged Conflict

International Corporate News Oil

Dangote Backs New East African Refinery Project in Tanzania

More Angolan Mining News

International Corporate News Oil

UAE Exit from OPEC Raises Volatility Risks for Global Oil Markets and African Producers

UAE OPEC Exit Sparks Supply Uncertainty as Global Oil Market Faces Demand Weakness and Rising…
Gold International News

Sudan’s Gold Sector Becomes Economic Lifeline Amid Prolonged Conflict

Sudan Relies on Gold Revenues as War Enters Fourth Year, Smuggling and Investor Shifts Reshape…
International Corporate News Oil

Dangote Backs New East African Refinery Project in Tanzania

Dangote to Lead Tanzania Refinery Project as East Africa Pushes to Cut Fuel Imports Aliko…
Oil Corporate News Gas

Libya Partners with Chevron to Assess Shale Oil and Gas Potential

Libya’s NOC and Chevron Sign Deal to Study 123 Tcf Gas and 18 Billion Barrels…
International News Oil

Uganda Plans New Oil Licensing Round to Expand Reserves

Uganda to Launch Third Oil Licensing Round as It Prepares for First Crude Production Uganda…
International Gas News

Cameroon Awards Five Oil and Gas Blocks in 2025–2026 Licensing Round

Cameroon Grants Key Exploration Blocks to Murphy and Octavia to Revive Oil Output Cameroon’s Société…
International

World Bank and AfDB Launch $30 Billion Mission to Electrify 300 Million Africans by 2030

The World Bank and African Development Bank (AfDB) have begun implementing an ambitious plan to provide electricity to 300 million Africans by 2030, starting with an initial pledge of $30 billion and assessing potential beneficiaries. The program, known as Mission 300, aims to raise over $90 billion in total to expand energy access across the continent. Prominent climate organizations, including the Rockefeller Foundation, Global Alliance for People and Planet (GEAPP), and Sustainable Energy For All,

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Gas International News

Nigeria and Libya in Talks Over New Regional Gas Pipeline

The Nigerian government has initiated discussions with Libya regarding a potential gas pipeline linking the two nations. Nigeria’s Minister of Petroleum (Gas), Ekperikpe Ekpo, announced this during a meeting with Libya’s Minister of Oil, Dr. Khalifa AbduAlsadik, at the Gastech Exhibition and Conference 2024 in Houston, USA. Ekpo stated that the proposed gas pipeline would start in Nigeria and extend to Libya, aiming to enhance energy cooperation between the two countries. He shared the update

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International Gas News

Egypt Aims to Restore Gas Production by Summer 2025 Amid Debt Resolution Efforts

On Thursday, September 19, 2024, Egyptian Prime Minister Mostafa Madbouly announced plans to restore natural gas production by next summer as the government works to resolve its outstanding debts to production companies. At a news conference, Madbouly explained that declining production was linked to arrears but did not specify the amount owed or the timeline for repayment. In March, sources told Reuters that the government had earmarked up to $1.5 billion to settle debts with

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International Gas News

Nigeria Launches $550 Million Ubeta Upstream Gas Project to Boost Energy Security

The $550 million Ubeta Upstream Gas Project, a joint venture between NNPC Ltd. and TotalEnergies, has officially commenced, marking a significant milestone in Nigeria’s energy sector. Announced by the Presidency, the project aims to enhance Nigeria’s gas production and strengthen energy security, targeting an output of 350 million standard cubic feet of gas per day when fully operational. Olu Verheijen, Special Adviser to the President on Energy, shared this update during the inaugural US-Nigeria Strategic

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International Renewable Energy

EU Partners with South Africa to Advance Green Hydrogen Initiatives

The European Union considers green hydrogen crucial for the global energy future and views its collaboration with South Africa as vital in decarbonizing heavy industries. The EU’s hydrogen strategy, outlined in 2020, aims to produce and import 10 million tonnes of hydrogen by 2030. Following a R628 million deal to support South Africa’s green hydrogen agenda, the EU expressed its commitment to investing in hydrogen markets both domestically and globally, underscoring initiatives like the EU

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International Gas Oil

Namibia’s Oil and Gas Boom Major Discoveries Propel Nation to Exploration Hotspot

Namibia’s upstream oil and gas sector has garnered significant interest recently, particularly in the Orange Basin off the west coast. The energy industry’s attention was piqued in 2022 when Shell and TotalEnergies announced major light oil and natural gas discoveries in the Graff and Jonker fields. This excitement intensified in 2023 with Galp’s Mopane discovery, positioning Namibia as an emerging hotspot for exploration. Until now, Namibia’s upstream activities have focused solely on exploration, with no

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International Renewable Energy

Egypt to Add 3 GW of Solar and Wind Power to National Grid by 2025

The Egyptian Ministry of Electricity and Energy plans to integrate 3 gigawatts (GW) of solar and wind power into the national grid by the summer of 2025, as reported by a government official to Asharq Business. All projects will be executed by private sector companies under a build, own, operate (B.O.O.) model. This model allows investors to finance, construct, operate, and own the renewable energy projects, while the Egyptian Electricity Transmission Company (EETC) will commit

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International Oil

South Sudan and Sudan Work to Resume Crude Oil Exports Amid Economic Challenges

South Sudan and Sudan are making progress toward resuming the flow of South Sudan’s crude oil through the pipeline that traverses Sudan, a critical move for South Sudan’s oil-dependent economy. In a statement released on September 16, 2024, following a meeting in Juba between South Sudan President Salva Kiir and Sudan’s army chief, Abdel Fattah al-Burhan, Kiir’s office confirmed that Sudanese engineers have completed the necessary technical preparations for the resumption of oil production. The

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International Gas News

Mozambique nationalism election debate risks LNG project delays

Mozambique’s presidential candidates are advocating for the renegotiation of contracts related to the nation’s major projects with developers, a move that could potentially delay the construction of liquefied natural gas (LNG) facilities by TotalEnergies SE and ExxonMobil Corp. Daniel Chapo, the candidate from the ruling Liberation Front of Mozambique (Frelimo), expressed last month that contract revisions should be conducted on a case-by-case basis. This sentiment has been echoed by candidates from three opposition parties, sparking

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Local Oil Petroleum

Sonangol Expands Light Well Intervention Program in Offshore Block 3/05

The National Fuel Company of Angola (Sonangol) is set to continue its light well intervention program in Offshore Block 3/05, aimed at enhancing facility reliability and optimizing oil production. This initiative was detailed in a semi-annual earnings update from oil and gas company Afentra. The upgrade program will focus on increasing water injection rates, building on the maximum injection rate of approximately 60,000 barrels per day achieved in April. Additionally, the project will involve the

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