Libya’s Central Bank and NOC Unite to Boost Oil Production by 247,000 Barrels Daily
Libya’s Central Bank and NOC Unite to Boost Oil Production by 247,000 Barrels Daily Central Bank of Libya Governor Naji Issa conducted strategic discussions with National Oil Corporation Chairman Masoud Suleiman to establish support mechanisms for increasing daily oil production by approximately 247,000 barrels, potentially generating additional revenues of $6 billion annually. The high-level meeting, […]
88 Energy Secures Critical Extension for Namibian Onshore Exploration Through 2026
88 Energy Secures Critical Extension for Namibian Onshore Exploration Through 2026 88 Energy has successfully obtained a 12-month extension for its onshore Owambo Basin petroleum exploration license PEL93 in Namibia, extending the first renewal exploration period through October 2026 with new commitments totaling $800,000 in minimum expenditure. The extension requires the company to acquire an […]
Perenco Advances $2 Billion Floating LNG Project as Gabon Prepares for Energy Transformation
Perenco Advances $2 Billion Floating LNG Project as Gabon Prepares for Energy Transformation Independent oil and gas company Perenco has commissioned a cutting-edge floating LNG vessel currently under construction in Dubai, marking Gabon’s first large-scale gas development at the Cap Lopez LNG terminal scheduled for 2026 operations. The ambitious $2 billion project promises annual production […]
Morocco’s Akwa Group Strategically Expands into Senegal with New Oil Storage Facility
Morocco’s Akwa Group Strategically Expands into Senegal with New Oil Storage Facility Moroccan energy and petroleum distributor Akwa Group has successfully launched an oil storage facility in Bargny-Sendou, Senegal, approximately 30 kilometers from Dakar, featuring natural gas processing capabilities designed to enhance the country’s energy infrastructure. The strategic project arrives as Senegal begins oil production […]
Iraq and Libya Forge Strategic Energy Partnership Through New Cooperation Framework
Iraq and Libya Forge Strategic Energy Partnership Through New Cooperation Framework Libya’s National Oil Corporation Chairman Masoud Sulaiman met with Iraqi Embassy Chargé d’Affaires Ahmed Al-Sahhaf in Tripoli to establish enhanced cooperation mechanisms in the oil and energy sectors between the two nations. The meeting focused on reviewing Iraq’s activities in the vital energy sector, […]
Mozambique President Calls for Collective Security Action to Revive $20 Billion TotalEnergies Gas Project
Mozambique President Calls for Collective Security Action to Revive $20 Billion TotalEnergies Gas Project Mozambican President Daniel Chapo has emphasized that his government and private companies must work collectively to establish necessary security measures enabling TotalEnergies to restart construction of its $20 billion gas project, while acknowledging that risks will persist even with improved conditions. […]
Pancontinental Energy Uncovers Massive 20 Billion Barrel Oil Kitchen Beneath Namibian Orange Basin
Pancontinental Energy Uncovers Massive 20 Billion Barrel Oil Kitchen Beneath Namibian Orange Basin Australia-based Pancontinental Energy has revealed groundbreaking study results showing a massive oil kitchen directly beneath the Saturn Complex in Namibia’s Orange Basin, with the mature area estimated to have produced approximately 20 billion barrels of oil—sufficient to charge the full Saturn prospect […]
Turkey Launches Ambitious $500 Million Trade Push with Angola in Major Energy Partnership
Turkey Launches Ambitious $500 Million Trade Push with Angola in Major Energy Partnership Turkey has set an ambitious target to quadruple its trade volume with Angola to $500 million, up from $126 million last year, as Energy and Natural Resources Minister Alparslan Bayraktar announced during high-level bilateral talks with Angola’s Mineral Resources, Petroleum and Gas […]
Anzana Electric Group Secures $760 Million Hydropower Deal to Power 30 Million People Across Three Nations
Anzana Electric Group Secures $760 Million Hydropower Deal to Power 30 Million People Across Three Nations Anzana Electric Group has signed a groundbreaking tentative agreement with Ruzizi III Holding Power Co. Ltd. (RHPCL) to acquire up to 10 percent stake in a massive 206-megawatt hydroelectric project that will serve Burundi, the Democratic Republic of the […]
bp South Africa Announces Major Infrastructure Expansion with 40 New Retail Sites and EV Charging Network
bp South Africa Announces Major Infrastructure Expansion with 40 New Retail Sites and EV Charging Network bp South Africa is implementing a comprehensive nationwide transformation of its fuel distribution network, launching extensive upgrades to existing service stations while announcing plans to construct 40 new retail sites equipped with advanced offerings including electric vehicle charging stations […]