Mozambique’s Coral Sul Platform Set to Generate $16 Billion Revenue Over 30 Years
Mozambique’s Coral Sul Platform Set to Generate $16 Billion Revenue Over 30 Years Mozambique’s offshore energy sector received a massive boost with revelations that the Coral Sul floating LNG platform will contribute approximately $16 billion to the state over its 30-year operational lifespan through taxes and fees. The stunning financial projection was unveiled during a […]
Ghana Braces for Nationwide Power Cuts as Eni Suspends Gas Plant Operations
Ghana Braces for Nationwide Power Cuts as Eni Suspends Gas Plant Operations Ghana is preparing for significant power disruptions as Italian energy giant Eni temporarily shuts down operations at a crucial gas plant to implement a major supply increase. The West African nation, which relies heavily on the facility for electricity generation, announced the planned […]
Three Workers Die in Catastrophic Fire on Angola’s Deepwater Oil Platform
Three Workers Die in Catastrophic Fire on Angola’s Deepwater Oil Platform Angola’s oil sector is under intense scrutiny following a deadly fire that claimed three lives and left several workers critically injured on the Benguela Belize Lobito Tomboco platform in May. The deepwater facility, operated by Chevron subsidiary Cabinda Gulf Oil Company (Cabgoc) in Block […]
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 […]