Mozambique Launches $7.2 Billion Coral Norte LNG Megaproject
Mozambique Launches $7.2 Billion Coral Norte LNG Megaproject Construction begins next month as President Chapo announces massive natural gas development in Rovuma Basin Mozambique will officially launch its ambitious $7.2 billion Coral Norte natural gas project next month, President Daniel Chapo announced during a high-level energy meeting in New York. The massive undertaking, led by […]
Liberia Signs Landmark $15 Million Oil Exploration Deal After Decade-Long Hiatus
Liberia Signs Landmark $15 Million Oil Exploration Deal After Decade-Long Hiatus Atlas Oranto Petroleum secures four offshore blocks in first upstream petroleum contracts since 2015 Liberia has signed four Production Sharing Contracts (PSCs) with Atlas Oranto Petroleum International Ltd., marking the country’s return to upstream petroleum development after more than ten years of inactivity. The […]
Stable Regulatory Frameworks Drive African Upstream Investment Surge
Stable Regulatory Frameworks Drive African Upstream Investment Surge Nigeria and Angola attract billions while South Africa faces setbacks from regulatory uncertainty Regulatory reforms across Africa’s upstream oil and gas sector are creating stark contrasts in investment attraction, with stable frameworks driving record capital inflows while uncertain policies derail promising projects. Nigeria’s Petroleum Industry Act (PIA), […]
Nigeria Embraces Natural Gas Transition as Diesel Dominance Wanes
Nigeria Embraces Natural Gas Transition as Diesel Dominance Wanes Businesses save millions through CNG and LNG conversions while infrastructure gaps remain challenge Nigeria’s diesel-dependent economy is experiencing a fundamental shift toward natural gas as the cleaner, more cost-effective alternative transforms power generation and transportation sectors. With over 200 trillion cubic feet of natural gas reserves, […]
Egypt Strengthens Energy Partnerships as Foreign Firms Pledge $1.6 Billion Investment
Egypt Strengthens Energy Partnerships as Foreign Firms Pledge $1.6 Billion Investment Strategic cooperation with Cyprus advances while international companies target gas output revival Egypt is positioning itself as a regional energy hub through expanded partnerships and significant foreign investment commitments. A group of international oil companies has pledged $1.6 billion to Egypt’s gas sector during […]
ExxonMobil Demands Security Improvements Before Advancing Mozambique LNG Project
ExxonMobil Demands Security Improvements Before Advancing Mozambique LNG Project US energy giant ties $300 million investment to Cabo Delgado stability as production timeline extends to 2030 ExxonMobil has firmly linked the progress of its multi-billion-dollar LNG project in Mozambique’s Cabo Delgado province to continued security improvements in the region, which has faced terrorist attacks since […]
TotalEnergies’ $860 Million Nigeria Exit Deal Collapses
TotalEnergies’ $860 Million Nigeria Exit Deal Collapses French energy giant’s divestment plans suffer major setback as regulators revoke approval citing unmet financial obligations TotalEnergies’ strategic retreat from Nigeria’s onshore oilfields has hit a major roadblock after regulators revoked approval for its planned $860 million sale of a 10 percent stake in the Shell Petroleum Development […]
Libya Oil Production Surges Toward 2 Million Barrel Target
Libya Oil Production Surges Toward 2 Million Barrel Target National output rises 7,600 barrels daily as major international operators return to bolster ambitious growth plans Libya’s oil production has experienced a significant uptick, rising by approximately 7,600 barrels per day in the past 24 hours as the country pushes toward its ambitious target of reaching […]
British Company Afentra Emerges as Major Partner in Angola Oil Operations
British Company Afentra Emerges as Major Partner in Angola Oil Operations Independent British exploration and production company Afentra has established itself as a significant international partner of Angola’s national oil company Sonangol, achieving remarkable production results in offshore operations. Block 3/05, where Afentra holds substantial stakes, recorded average gross production exceeding 21,000 barrels of crude […]
Nigeria and Egypt Showcase Clean Energy Solutions Through Technology Exchange
Nigeria and Egypt Showcase Clean Energy Solutions Through Technology Exchange Egypt’s Natural Gas Vehicles Company (Cargas) hosted a delegation from Nigeria’s petroleum sector, providing comprehensive briefings on Egyptian experience in converting vehicles to compressed natural gas technology. The visit represents part of expanding cooperation between the two African nations in alternative energy solutions. The Nigerian […]