South Africa’s Gas Sector Achieves Record Production Breakthrough
South Africa’s Gas Sector Achieves Record Production Breakthrough Australian-listed Kinetiko Energy has achieved a significant milestone in South Africa’s emerging gas sector, recording its strongest-ever gas flow at a test well that exceeded previous records by more than threefold. The company’s Brakfontein well produced flows that far surpass any previous results, demonstrating what Executive Chairman […]
Angola’s Energy Sector Attracts Major International Investment Commitments
Angola’s Energy Sector Attracts Major International Investment Commitments Angola’s oil and gas industry has secured significant commitments from international energy giants, with major operators pledging to expand upstream projects, boost natural gas development, and strengthen the country’s position as a regional energy powerhouse. ExxonMobil, maintaining its 30-year presence in Angola, secured a license extension for […]
Eco Atlantic Streamlines Namibian Operations with Strategic Portfolio Restructuring
Eco Atlantic Streamlines Namibian Operations with Strategic Portfolio Restructuring Canadian oil and gas company Eco Atlantic has undertaken a comprehensive optimization of its Namibian operations, securing license extensions across all four petroleum exploration licenses while divesting its shallow-water interests to focus on deeper, more prospective acreage. The AIM-listed company successfully negotiated a 12-month extension to […]
Egypt’s Oil Production Surges with Major New Exploration Deals Worth Over $460 Million
Egypt’s Oil Production Surges with Major New Exploration Deals Worth Over $460 Million Egypt has secured a massive influx of foreign investment in its energy sector, with new exploration agreements totaling more than $460 million as the country works to reverse years of declining oil and gas production. The deals span multiple regions and involve […]
South Africa Ends Years-Long Fuel Hub Dispute, Grants Long-Term Leases to Oil Giants
South Africa Ends Years-Long Fuel Hub Dispute, Grants Long-Term Leases to Oil Giants South Africa has resolved a protracted dispute over critical fuel infrastructure, granting oil majors including BP and Vitol extended long-term access to the nation’s primary petrochemical hub at Durban’s Island View Precinct. The breakthrough ends years of uncertainty that threatened investment and […]
Nigeria’s Dangote Refinery Makes Historic First Gasoline Export to United States
Nigeria’s Dangote Refinery Makes Historic First Gasoline Export to United States Global oil trader Vitol and North American fuel distributor Sunoco have taken delivery of the first-ever gasoline cargo from Nigeria’s massive Dangote refinery bound for the United States, marking a pivotal moment for Africa’s largest oil processing facility. The milestone shipment arrived Monday aboard […]
Ghana Secures Massive $1.5 Billion Energy Investment Deal with ENI and Vitol
Ghana Secures Massive $1.5 Billion Energy Investment Deal with ENI and Vitol In a major development for Ghana’s energy sector, the government has inked a transformative $1.5 billion memorandum of intent with Italian energy giant ENI, trading powerhouse Vitol, and the Ghana National Petroleum Corporation (GNPC). The strategic investment plan aims to dramatically boost the […]
DOLLAR HITS FOUR-YEAR LOW VS EURO AHEAD OF FED’S RATE DECISION
DOLLAR HITS FOUR-YEAR LOW VS EURO AHEAD OF FED’S RATE DECISION Markets expect a 25bps rate cut Wednesday as U.S. jobs weaken; sterling, aussie also rally; BoE and BoJ decisions loom. The U.S. dollar slid sharply on Tuesday, sinking to its weakest level against the euro since September 2021, as investors firmed up expectations that […]
KENYA ISSUES ARREST WARRANT FOR BRITISH CITIZEN OVER 2012 MURDER OF AGNES WANJIRU
KENYA ISSUES ARREST WARRANT FOR BRITISH CITIZEN OVER 2012 MURDER OF AGNES WANJIRU High Court in Nairobi orders extradition proceedings as family and legal experts hope for long-awaited justice. Kenya’s High Court has issued an arrest warrant for a British citizen accused of murdering 21-year-old Agnes Wanjiru more than a decade ago, moving to expedite […]
AT LEAST 50 SUDANESE REFUGEES DEAD AFTER VESSEL CATCHES FIRE OFF LIBYA COAST
AT LEAST 50 SUDANESE REFUGEES DEAD AFTER VESSEL CATCHES FIRE OFF LIBYA COAST 75 people aboard; 24 survivors rescued, IOM says, highlights mounting peril of the Mediterranean migration route. At least 50 people died when a vessel carrying 75 Sudanese refugees caught fire off the coast of Libya on Sunday, according to the International […]