Tullow Oil Moves to Extend Jubilee and TEN Licenses in Ghana to 2040

Tullow Oil Secures New Gas Deal and Plans Jubilee and TEN License Extensions in Ghana Through 2040 Tullow Oil is advancing plans to extend the operating licenses for Ghana’s Jubilee and TEN fields to 2040, following the finalization of a new gas sales agreement. The company is now working closely with government authorities to finalize the remaining agreements. Tullow’s newly appointed CEO, Ian Perks, who assumed the role in September 2025, highlighted these objectives in

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Eni Accelerates Phase 2 of Congo LNG Project Ahead of Schedule

Eni Advances Congo LNG Phase 2 with Early Gas Flow and Nguya FLNG Arrival, First Export Set for 2026 Eni has commenced Phase 2 of the Congo LNG project ahead of schedule, following the arrival of the Nguya FLNG unit and the entry of gas into the new offshore infrastructure. The company aims to export the first LNG cargo in early 2026. Phase 2 introduces three additional production platforms, the Scarabeo 5 unit for gas

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Nigeria Named Permanent Headquarters of African Petroleum Regulators Forum

Nigeria Emerges as Permanent Headquarters of AFRIPERF as NUPRC CEO Gbenga Komolafe Appointed Chairman The African Petroleum Regulators Forum (AFRIPERF), a coalition of oil and gas regulatory authorities across Africa, has selected Nigeria as its permanent headquarters and appointed the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, as its substantive chairman. The decision was reached during AFRIPERF’s inaugural Executive Committee meeting, which was held virtually on December 2, 2025.

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Pensana Strengthens Shareholder Support Ahead of Nasdaq Listing

Angolan Sovereign Wealth Fund Backs Pensana with Staged $15m Loan Conversion Ahead of Planned Nasdaq Listing The Angolan Sovereign Wealth Fund (FSDEA) has agreed to a staged conversion of a $15-million bridging loan into equity to manage its ownership percentage in London-listed Pensana, while enabling the introduction of new institutional investors ahead of the company’s proposed Nasdaq listing in mid-2026. In May, Pensana announced the terms and timing of an initial $25-million equity tranche, forming

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Africa Needs Grids to Move Power from Renewable Energy Projects to End Users

Africa stands at a defining moment in its energy transition. With some of the world’s richest solar, wind and hydro resources, the continent is rapidly scaling up renewable energy generation. However, a critical bottleneck threatens to derail this progress: the lack of adequate, modern and interconnected power grid infrastructure to move electricity from generation sites to where it is needed most. Across the continent, hundreds of renewable energy projects – from utility-scale solar farms in

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Lobito Atlantic Railway secures USD753 million to accelerate development in Angola

Lobito Atlantic Railway (“LAR”) announced it has secured USD753 million in financing from the US International Development Financial Corporation (DFC) and the Development Bank of Southern Africa (DBSA) to support the rehabilitation of the 1,300 km railway in Angola, which connects the Mineral Terminal at the Port of Lobito to Luau on Angola’s border with the Democratic Republic of Congo (DRC). The loan will enable upgrades to the railway’s track infrastructure, workshops, signalling systems, and

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Shell Gains 60% Stake in South Africa’s Block 2C, Expanding Orange Basin Presence

Shell Secures Major Offshore Expansion in South Africa’s Orange Basin with PetroSA Farm-In Deal South Africa’s state-owned PetroSA has approved a farm-in agreement granting Shell Offshore a 60% operating stake in Block 2C, significantly expanding the oil major’s presence in the strategic Orange Basin, according to a company document reviewed by Reuters. The Orange Basin, located along the maritime border between South Africa and Namibia, has become a leading exploration hotspot following several major discoveries

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TotalEnergies Secures Operatorship of Namibia’s Mopane Discovery Through Asset Swap With Galp

TotalEnergies Expands Offshore Namibia Footprint With Galp Asset Swap, Gains Control of Mopane Discovery TotalEnergies has strengthened its position in offshore Namibia after reaching an asset-swap agreement with Portugal’s Galp, granting the French major operatorship of the significant Mopane oil discovery. Under the terms of the deal, Galp will transfer its 40% interest in the PEL83 license, which contains the Mopane discovery. In exchange, Galp will receive a 10% stake in TotalEnergies’ PEL56 license—home to

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Pensana Secures $100 Million Strategic Investment to Advance Longonjo Project

Pensana Raises $100 Million to Accelerate US Mine-to-Magnet Rare Earth Supply Chain Strategy London-listed Pensana has completed a $100 million strategic investment to support the company’s US-focused mine-to-magnet supply chain strategy, strengthening funding for the development of its Longonjo rare earth project in Angola. Under the agreement, the strategic investor has subscribed for 95 million new ordinary shares, subject to confirmatory due diligence on the Longonjo project, shareholder approval for the share issuance, and regulatory

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BW Energy Enters Angola Through Offshore Asset Acquisition

BW Energy and Maurel & Prom Acquire Stakes in Angola’s Block 14 and 14K from Azule Energy BW Energy, in partnership with Maurel & Prom, has signed an agreement to acquire offshore interests in Angola from Azule Energy, marking BW Energy’s entry into the Angolan upstream sector. Under the transaction, the consortium will obtain a combined 20% non-operated interest in Block 14 and a 10% non-operated interest in Block 14K. BW Energy’s share of the

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