Angolan Mining Oil & Gas

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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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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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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