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International News Oil

South Africa Launches National Petroleum Company to Revive Energy Sector and Boost Self-Sufficiency

3, June, 20253, June, 2025

South Africa has officially launched the South African National Petroleum Company (SANPC), a new state-owned energy enterprise formed through the consolidation of three entities—PetroSA, iGas, and the Strategic Fuel Fund. All were previously part of the Central Energy Fund. The move is aimed at creating a financially sustainable national oil and gas leader. SANPC, led by CEO Godfrey Moagi and chaired by former PetroSA CEO Sipho Mkhize, began operations in May 2025. The new company

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Corporate News International Renewable Energy

AXIAN Energy Breaks Ground on West Africa’s Largest Solar-Storage Project in Senegal

3, June, 20253, June, 2025

AXIAN Energy has commenced construction of the NEA Kolda project, a large-scale solar and battery storage facility aimed at advancing Senegal’s renewable energy objectives. Launched on May 22 in the southern Kolda region, the hybrid plant will generate 60 megawatts of solar power and store up to 72 megawatt-hours of energy. Once operational, it is expected to supply clean electricity to more than 25,000 households, benefiting nearly 235,000 people. AXIAN positions the project as part

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International Renewable Energy

Egypt Inaugurates Largest Solar Power Plant to Advance Clean Energy Goals

3, June, 20253, June, 2025

Egypt has completed the construction of the 500-megawatt Kom Ombo solar power plant, now the country’s largest solar photovoltaic facility. Developed by China Energy Construction, the plant is located in the Aswan Governorate and represents a major step toward achieving Egypt’s Vision 2030 for clean and sustainable energy. The Kom Ombo plant features a direct current installed capacity of 560 megawatts, incorporating over one million solar panels and a 220-kilovolt booster station to enhance transmission

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Corporate News International Oil

Dangote Refinery to Import Over 5 Million Barrels of U.S. Crude in July Amid Supply Gaps and Rising Investments

3, June, 20253, June, 2025

The Dangote Petrochemical Refinery is set to import over five million barrels of crude oil in July 2025, primarily sourced from the United States, according to Reuters. The refinery has contracted approximately 161,000 barrels per day (bpd) of U.S. West Texas Intermediate (WTI) crude for the month, although the final volume could increase if additional contracts are signed. This follows a record-breaking June, when the refinery imported around 300,000 bpd of WTI crude—the highest in

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International Gas News

Egypt Fast-Tracks Gas Output with Early Production from Raven Field Wells

3, June, 20253, June, 2025

Egypt began producing natural gas from two new wells in the Mediterranean’s Raven gas field in February 2025—three months ahead of schedule, according to the Ministry of Petroleum and Mineral Resources. British Petroleum (BP) completed the drilling using the ultra-deepwater drillship Valaris DS-12, marking a swift and efficient expansion of the Raven field. This development aligns with Egypt’s broader strategy to ramp up natural gas production, drive economic growth, and attract foreign investment. The two

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International Corporate News Gas Oil

Renaissance Africa Energy to Invest $15 Billion in Niger Delta Oil and Gas Projects

3, June, 20253, June, 2025

Renaissance Africa Energy Company Limited has announced plans to invest $15 billion over the next five years in developing oil fields onshore and in the shallow waters of Nigeria’s Niger Delta. The Nigerian-owned energy consortium recently acquired oil assets previously managed by Shell Petroleum Development Company (SPDC), following Shell UK’s exit from onshore operations in the region. The announcement was made by Greg Akhibi, Head of Supply Chain at Renaissance Africa Energy, on behalf of

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International Gold

Burkina Faso Set to Boost Gold Output as New Mines Come Online

31, May, 202531, May, 2025

Burkina Faso is on track to increase industrial gold production in 2025, driven by the ramp-up of operations at Soleil Resources International’s Youga mine and the anticipated launch of West African Resources’ Kiaka project. According to Aristide Belemsobgo, Director General of Mines and Geology at the Ministry of Energy, Mines and Quarries, output from large-scale mining operations is projected to rise by 4% to 55.7 tonnes this year. Gold remains Burkina Faso’s top export earner,

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Corporate News Diamonds International Renewable Energy

Debswana and BPC Partner to Advance Renewable Energy Goals Through REC Agreement

31, May, 202531, May, 2025

Botswana Power Corporation (BPC) and Debswana Diamond Company have signed a Memorandum of Agreement (MoA) to collaborate on the use of Renewable Energy Certificates (RECs)—a move that supports Botswana’s push toward a more sustainable energy future. Debswana, jointly owned by the Government of Botswana and De Beers Group, operates four diamond mines across the country: Orapa, Letlhakane, Damtshaa, and Jwaneng. This partnership will enable Debswana to access and demonstrate its use of renewable electricity, sourced

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Corporate News Local Mining Projects

Pensana Secures £2-Million Investment Boost as Longonjo Mine Construction Advances

31, May, 202531, May, 2025

London-listed Pensana has secured a fresh £2-million in funding, with £1-million coming from major institutional shareholder M&G Investment Management, and an additional £1-million from other strategic investors. This new investment follows a recent $25-million injection by the Angolan sovereign wealth fund, Fundo Soberano de Angola, into Ozango Minerais, Pensana’s 84%-owned subsidiary. The funding has enabled the commencement of main construction works at the Longonjo rare earths project in Angola. Pensana holds an 84% interest in

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International Gas News

South Africa Proposes 10-Year LNG Import Deal with the U.S. to Boost Trade and Energy Security

31, May, 202531, May, 2025

South Africa has proposed a long-term agreement to import liquefied natural gas (LNG) from the United States over a ten-year period, aiming to enhance trade relations and support its energy transition. The proposal was detailed in a ministerial statement signed by Minister in the Presidency, Khumbudzo Ntshavheni, and published on the South African government news agency website. According to the statement, South Africa plans to import between 75 and 100 petajoules (PJ)—equivalent to approximately 75

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