Senegal’s Dependence on Nigerian Crude Highlights Domestic Refining Challenges

Senegal Relies on Nigerian Crude Despite Rising Local Oil Output — Dakar Refinery’s Supply Challenges Explained Senegal has emerged as a significant importer of Nigerian crude, highlighting a paradox in Dakar’s oil sector. Despite joining Africa’s league of oil-producing nations in 2024, Senegal still struggles to process its own crude oil efficiently. Industry data from energy analytics firm Kpler reveals that Senegal’s 30,000-barrel-per-day (kbd) Dakar Refinery is running predominantly on Nigeria’s Erha crude. Shipments have

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Chevron Advances Offshore Exploration with Seismic Survey Completion in Angola

Chevron Completes Seismic Data Acquisition for Angola’s Blocks 49 and 50, Boosting Offshore Exploration American multinational energy company Chevron has completed seismic data acquisition for Blocks 49 and 50, located in the ultra-deepwaters of Angola’s Lower Congo Basin. The company is now moving forward with data processing to assess the blocks’ exploration potential. This initiative is part of Chevron’s broader strategy to expand offshore exploration in Angola. It follows the signing of a Risk Service

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Angola to Award 60 Oil and Gas Concessions by End of 2025

Angola Plans to Grant 60 Oil and Gas Blocks by 2025 to Boost Production Above One Million Barrels Per Day Angola is on track to award 60 oil and gas concessions by the end of 2025, driven by its multi-year licensing rounds and direct negotiation program. This move represents a significant step in Angola’s strategy to maintain production above one million barrels per day. At the African Energy Week: Invest in African Energies 2025, Alcides

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China’s Niobonga Launches Angola’s First Niobium Mining Project in Huila Province

Angola’s First Niobium Mine to Launch in Huila with $150M Investment by Niobonga The Chinese company Niobonga has secured a concession to mine niobium in the village of Bonga, within the Quilengues municipality of Huila province, Angola. The company has invested $150 million in the project, which is expected to produce 8,000 tons of ferroniobium and 150,000 tons of sulfuric acid per year. Exploration is slated to begin later this year, marking the first niobium

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BW Energy Considers Acquiring Azule Energy’s Stake in Angola’s Block 14/14K

Norway’s BW Energy Evaluates Purchase of Azule Energy’s Non-Operating Stake in Angola’s Offshore Block 14/14K Norwegian oil and gas company BW Energy has announced that it is evaluating the potential acquisition of Azule Energy’s non-operating stake in Block 14/14K, located offshore Angola. The company emphasized that no binding agreement has been reached and there is no certainty that the discussions will lead to a transaction. In a statement published on its website, BW Energy explained

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Ethiopia Launches First LNG Project and $5 Billion in Energy Investments to Boost Industrial Growth

Prime Minister Abiy Ahmed Unveils Ogaden LNG Project, Fertilizer Plant, and Oil Refinery Worth $5 Billion Ethiopian Prime Minister Abiy Ahmed has inaugurated the first phase of the Ogaden Liquefied Natural Gas (LNG) Project in Calub, marking a major step toward the country’s long-term goal of energy independence and industrial expansion. The newly commissioned facility is designed to produce 111 million liters of natural gas annually and generate up to 1,000 megawatts of electricity. During

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Senegal to Build Second Oil Refinery as SAR Targets Energy Self-Sufficiency by 2029

Senegal Plans $2–5 Billion Second Refinery to Boost Oil Processing and Cut Imports Senegal plans to begin construction of a second oil refinery in 2026, aiming to expand domestic processing capacity and attract between $2 billion and $5 billion in new investment, according to Abib Diop, CEO of Société Africaine de Raffinage (SAR). Diop revealed that potential investors from China, Turkey, and South Korea have already submitted financing proposals for the project. The new refinery—informally

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Rhino Resources Makes Third Consecutive Offshore Discovery in Namibia’s Orange Basin

Rhino Resources Strikes Third Offshore Gas Condensate Discovery in Namibia’s Orange Basin Block 2914A Rhino Resources has announced its third consecutive offshore discovery in Namibia’s Block 2914A, situated in the Orange Basin under Petroleum Exploration License (PEL) 85. The Volans-1X exploration well, drilled by the semisubmersible rig Deepsea Mira on July 31, encountered 26 meters of net pay in rich gas condensate reservoirs characterized by excellent petrophysical properties and no water contact. The well reached

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EU Launches €545 Million Plan to Boost Renewable Energy Across Africa

EU Invests €545 Million to Expand Clean Energy and Electrification in Nine African Nations The European Union (EU) has announced a €545 million ($638 million) investment package to accelerate renewable energy development across Africa, aiming to expand electrification, modernize power grids, and increase access to affordable clean power. Despite the continent’s vast renewable potential, nearly 600 million Africans still live without electricity. The European Commission stated that the new initiative could help create up to

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Eni Resumes Offshore Drilling in Libya After Five-Year Hiatus

Eni and BP Restart Offshore Exploration in Libya, Ending Five-Year Pause in Energy Operations Italian energy giant Eni has resumed offshore exploration drilling northwest of Libya, the country’s National Oil Corporation (NOC) announced, marking the end of a five-year hiatus in exploration activity. In 2024, Eni partnered with BP to relaunch exploration efforts in Libya, nearly a decade after onshore drilling came to a standstill in 2014, when the outbreak of civil war divided the

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