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Local News Oil

Angola Signs 25-Year Risk Service Contract for Block CON 4 to Boost Onshore Oil Development

28, May, 202528, May, 2025

Angola’s National Agency for Petroleum, Gas and Biofuels (ANPG) has signed a Risk Service Contract for Block CON 4 with a consortium made up of Etu Energias, national oil company Sonangol, and Gesprocon. The agreement grants the consortium a 25-year operating license—comprising five years for exploration and 20 years for production—on the onshore block. Paulino Jerónimo, Chairman of the ANPG Board of Directors, highlighted the importance of the technical studies outlined in the contract, stating

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International Corporate News Oil

TotalEnergies Eyes Mid-2025 Restart for $20 Billion Mozambique LNG Project

28, May, 202528, May, 2025

TotalEnergies is preparing to seek approval from the Mozambican government to lift the force majeure on its $20 billion liquefied natural gas (LNG) project, with plans to resume construction by mid-2025, according to a report by Reuters. The project, which has been on hold since 2021 due to insurgent violence in the Cabo Delgado region, includes the development of the Golfinho and Atum gas fields in Offshore Area 1, along with the construction of a

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Oil Local News

Cabinda Oil Platform Blast Underscores Safety Concerns in Angola’s Offshore Sector

28, May, 202528, May, 2025

The General Secretary of the Cabinda Oil Industry and Related Workers Union (STIPAC), André Capita, has expressed concern over the frequency of accidents in Angola’s oil sector, following a recent incident on the Benguela Belize Lobito Tomboco (BBLT) platform that left 17 people injured and one missing. The fire occurred early Tuesday on the basement deck of the deep-water BBLT platform, operated by Cabinda Gulf Oil Company (Cabgoc), a Chevron subsidiary, located in Block 14

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Corporate News Diamonds Local

Oman’s Taadeen Joins Catoca Mining Company Following Share Restructuring

28, May, 202528, May, 2025

Taadeen, a subsidiary of the Omani Sovereign Wealth Fund, has officially become a shareholder in the Catoca Mining Company following the signing of a public deed on Monday, May 26. The formal entry was confirmed in a statement issued by Angola’s Ministry of Mineral Resources, Oil and Gas. The agreement, signed by representatives of the involved companies, marks Taadeen’s acquisition of shares previously held by Angola’s state-owned diamond company, Endiama EP. According to the Ministry,

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International Renewable Energy

Canada’s Borna Plans $40 Million Green Energy Investment in Egypt

28, May, 202528, May, 2025

Hossam Heiba, CEO of Egypt’s General Authority for Investment and Free Zones (GAFI), recently met with executives from Borna, a Canadian company specializing in gas processing and carbon capture, to discuss introducing the firm’s advanced technologies to Egypt. The discussions focused on localizing Borna’s solutions to support Egypt’s transition to a low-carbon energy future. Borna CEO Sam Salimi announced a $40 million investment plan to establish a facility in Egypt that will recover flared gas

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Renewable Energy Corporate News International

AXIAN Energy Launches West Africa’s Largest Solar-Storage Project in Senegal

28, May, 202528, May, 2025

AXIAN Energy has officially commenced construction of the NEA Kolda solar and battery storage facility, a major step toward advancing Senegal’s renewable energy ambitions. Launched on May 22 in the southern region of Kolda, the hybrid power plant will generate 60 megawatts (MW) of solar energy and store 72 megawatt-hours (MWh), supplying clean electricity to over 25,000 households and reaching nearly 235,000 people. The project reflects AXIAN’s commitment to an inclusive and impactful energy transition,

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Corporate News Gas International Oil

Renaissance Africa Energy Unveils $15 Billion Investment Plan for Niger Delta Oil and Gas Projects

28, May, 202528, May, 2025

Renaissance Africa Energy Company Limited has announced plans to invest $15 billion over the next five years to develop oil fields located onshore and in the shallow waters of Nigeria’s Niger Delta. The company—a consortium of Nigerian-owned oil firms—recently acquired oil assets formerly operated by Shell Petroleum Development Company (SPDC), following Shell UK’s exit from onshore operations in the region. Greg Akhibi, Head of Supply Chain at Renaissance Africa Energy, disclosed the investment plans during

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International Corporate News Renewable Energy

Metacon to Supply Green Hydrogen Pilot Plant for Moroccan Wind-to-Hydrogen Project

28, May, 202528, May, 2025

Metacon has secured a key contract worth €1,820,600 to design and deliver a containerized electrolysis plant for a groundbreaking green hydrogen pilot project in Morocco. The plant, designed as a fully integrated and ready-to-install system, will test pressurized alkaline electrolyzers directly connected to wind turbines. The insights gained from this pilot will help the client—a major player in Africa’s wind energy sector—scale up industrial production of green hydrogen, e-fuels, and green ammonia. This initiative highlights

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Corporate News International Oil

TotalEnergies Eyes Mid-2025 Restart for $20 Billion Mozambique LNG Project

28, May, 202528, May, 2025

TotalEnergies is preparing to request Mozambique’s approval to lift the force majeure on its $20 billion liquefied natural gas (LNG) project, with plans to resume construction by mid-2025, according to Reuters. The project has been suspended since 2021 due to insurgent attacks in the Cabo Delgado region. It involves the development of the Golfinho and Atum gas fields in the Offshore Area 1 block, along with the construction of a two-train liquefaction plant with an

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Corporate News International Oil

Tullow Oil Resumes Drilling at Jubilee Field Following Successful Maintenance

28, May, 202528, May, 2025

Tullow Oil, through its Ghanaian subsidiary, has resumed drilling operations at the Jubilee Field, marking a new phase in the company’s development activities in the country. This latest campaign follows the successful completion of a previous drilling program that delivered 18 wells ahead of schedule and under budget. “The restart of drilling marks another milestone in our journey in Ghana and underscores our confidence in the country’s resource potential,” said Jean-Médard Madama, Managing Director of

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