South Africa Approves Sasol Gas Price Increase Amid Market Pressures
South Africa Approves Sasol Gas Price Increase Amid Market Pressures The National Energy Regulator of South Africa has approved a 4% increase in Sasol Gas’s maximum price, raising it from R87.04 to R90.57 per GigaJoule for the second quarter of 2025/2026. The adjustment responds to rising costs of gas imported from Mozambique, oil-linked derivatives fluctuations, […]
Kenya Positioned to Become Major E-Fuels Producer for Maritime Industry
Kenya Positioned to Become Major E-Fuels Producer for Maritime Industry Kenya’s abundant renewable energy resources position the country to establish competitive e-fuels production for both domestic and international maritime markets, according to a new Global Maritime Forum report. The study, titled “Powering clean shipping: Kenya in the global power-to-x economy,” identifies the country’s wind, solar, […]
Oil Majors Reaffirm Long-Term Commitment to Angola’s Energy Future
Oil Majors Reaffirm Long-Term Commitment to Angola’s Energy Future Leading international operators have reinforced their dedication to Angola’s next phase of exploration and production development. ExxonMobil, which has produced over 2.5 billion barrels in the country, signed a license extension for Block 15 in 2025 and invested in the frontier Namibe basin. Country Manager Katrina […]
Congo Secures Massive $23 Billion Oil Development Deal with Chinese Company Wing Wah
Congo Secures Massive $23 Billion Oil Development Deal with Chinese Company Wing Wah The Republic of Congo has closed a transformational $23 billion agreement with Chinese company Wing Wah for the integrated development of three major oil permits: Banga Kayo, Holmoni, and Cayo. The deal was officially signed by Minister of Hydrocarbons Bruno Jean-Richard Itoua […]
ReconAfrica Enters Offshore Gabon with Strategic $23 Billion Oil Discovery Deal
ReconAfrica Enters Offshore Gabon with Strategic $23 Billion Oil Discovery Deal Reconnaissance Energy Africa has signed a production sharing contract for Gabon’s offshore Block C-7, now renamed Ngulu, positioning the company as an offshore West Africa operator. The deal includes an existing oil discovery at the Loba field, drilled in 1976, which offers potential production […]
TotalEnergies Set to Lift Force Majeure on $20 Billion Mozambique LNG Project After Four-Year Shutdown
TotalEnergies Set to Lift Force Majeure on $20 Billion Mozambique LNG Project After Four-Year Shutdown TotalEnergies is taking final steps toward lifting the force majeure clause on its massive $20 billion Mozambique LNG project, which has been suspended since March 2021 due to security concerns in Palma district, Cabo Delgado province. General Manager Maxime Rabilloud […]