Gabon’s Oil Industry Urged to Transform Corporate Social Responsibility Approach
Gabon’s Oil Industry Urged to Transform Corporate Social Responsibility Approach Gabon’s petroleum sector faces calls for substantial CSR reform following criticism that current programs rely too heavily on one-off sponsorships and donations rather than structured, measurable initiatives aligned with national development priorities. Minister of Petroleum and Gas Sosthène Nguema Nguema recently emphasized that “CSR funds […]
Gabon Targets 200,000 BPD Production with Deepwater Focus
Gabon Targets 200,000 BPD Production with Deepwater Focus Gabon is pursuing renewed upstream development momentum following the March 2025 Bourdon discovery in the offshore Dussafu License, alongside production increases from Perenco, BW Energy, and VAALCO Energy. The government aims to boost national output to 200,000 barrels per day by unlocking value from both mature fields […]
Meren Energy Advances Multi-Country Offshore Development Strategy
Meren Energy Advances Multi-Country Offshore Development Strategy Meren Energy, formerly Africa Oil Corp, is advancing significant offshore oil projects across three African nations following its quarterly results update. The company’s strategic focus centers on developing Namibia’s Venus oil field, exploring South Africa’s Orange Basin prospects, and expanding Nigerian assets. In Namibia’s Orange Basin, Meren holds […]
Egypt’s Energy Council Approves Major Industrial Project Expansion
Egypt’s Energy Council Approves Major Industrial Project Expansion The Supreme Council of Energy, chaired by Minister of Electricity and Renewable Energy Mahmoud Esmat, has approved energy supply for 14 new industrial projects and existing facility expansions. The approved projects include new solar glass factories, an industrial complex for chemically derived sodium sulfate production, seawater […]
Egypt Expands LNG Import Capacity to Record 2.25 Billion Cubic Feet Daily
Egypt Expands LNG Import Capacity to Record 2.25 Billion Cubic Feet Daily Egypt has successfully established robust LNG import infrastructure with unprecedented capacity, according to Minister of Petroleum and Mineral Resources Karim Badawi. During a meeting with Arthur Regan, CEO of US-based Energos Infrastructure Management LLC, Badawi confirmed that Egypt’s three operating regasification units at […]
Azule Energy Races to Beat TotalEnergies in Namibia Oil Production
Azule Energy Races to Beat TotalEnergies in Namibia Oil Production In a high-stakes competition to become Namibia’s first oil producer, Azule Energy—a joint venture between bp and Eni—is fast-tracking development of its Capricornus discovery in block 2914A. CEO Adriano Mangini revealed that a final investment decision by the end of next year is “challenging but […]
Nigeria’s Oil Minister Promises New Era of Investment Incentives
Nigeria’s Oil Minister Promises New Era of Investment Incentives Federal Minister of State for Petroleum Resources Senator Heineken Lokpobiri has announced sweeping changes to Nigeria’s oil investment landscape during a high-profile visit to the NNPC/Chevron Joint Venture’s Escravos Gas-to-Liquids facility in Delta State. The minister declared that “things have changed” since the current administration took […]
Court Delivers Major Blow to TotalEnergies’ South African Oil Ambitions
Court Delivers Major Blow to TotalEnergies’ South African Oil Ambitions In a significant legal setback for international oil exploration in South African waters, the Western Cape High Court has overturned environmental authorization for TotalEnergies’ Block 5/6/7 offshore exploration project. The court ruled that the environmental impact assessment was “deeply flawed, failing to address key risks, […]