CONGO-CHINA TRADE SURGES PAST $6 BILLION MILESTONE
Energy investments fuel 60-fold trade growth since early 2000s Trade between the Republic of Congo and China has skyrocketed to more than $6 billion, marking an extraordinary growth trajectory from less than $100 million in the early 2000s. The remarkable 60-fold increase was highlighted by Qiu Jianming, Attaché for the Chinese Embassy in Congo. Strategic […]
NIGERIA SETS AMBITIOUS 2.5 MILLION BPD OIL TARGET
Petroleum minister confident despite decade-long production challenges Nigeria has established an aggressive new oil production target of 2.5 million barrels per day by year-end, significantly raising the bar from previous goals. Petroleum Resources Minister Heineken Lokpobiri revealed the ambitious objective during the Oil Technology Conference Africa Energy Forum. “When the new NNPC management visited me, […]
ZAMBIA APPROVES $370M ENERGY BOOM PACKAGE
Dozens of petroleum and renewable projects get green light Zambia’s Energy Regulation Board has approved an impressive array of 62 license applications and eight construction permits for petroleum and renewable energy projects collectively valued at $370 million. The approvals represent a major step in the country’s strategic push to diversify its energy mix and accelerate […]
PIPELINE MEGAPROJECT TO REVOLUTIONIZE AFRICAN ENERGY CORRIDOR
$1.5 billion Mozambique-Zambia pipeline deal promises economic transformation A game-changing $1.5 billion pipeline agreement between Mozambique and Zambia is set to dramatically reshape the energy landscape across southern Africa. Announced today by Mozambican President Daniel Chapo at the opening of the prestigious 11th Mozambique Mining and Energy Conference (MMEC), the landmark infrastructure project will create […]
ENERGY TITANS LIBYA AND MALTA JOIN FORCES IN HISTORIC PARTNERSHIP
Major oil and gas collaboration could reshape Mediterranean energy landscape In a dramatic development for Mediterranean energy markets, Libya and Malta have initiated high-level talks aimed at forging unprecedented cooperation across oil, gas, and broader energy sectors. The groundbreaking discussions, held on May 5, saw Libya’s Minister of Oil and Gas Khalifa Abdelsadeq meet with […]
OCEANEERING LANDS MASSIVE SUBSEA CONTRACT FOR BP’S FRONTIER GAS PROJECT
Multi-year deal worth millions to support groundbreaking African energy development Oceaneering International has secured a game-changing contract from BP to provide crucial subsea services for one of Africa’s most promising energy developments. The multi-year agreement will see Oceaneering deliver inspection, maintenance, and repair (IMR) services alongside remotely operated vehicle (ROV) operations at the Greater Tortue […]
Egypt and Greece to launch 1,000 km underwater power interconnection
In a significant step toward deepening energy cooperation between Europe and North Africa, Greece and Egypt have reaffirmed their joint commitment to the development of a groundbreaking undersea electricity cable project. The initiative, aimed at transporting renewable energy from Egypt to the European continent, was a central topic of discussion during a high-level bilateral […]
Australia’s opposition left reeling after crushing election defeat
Australia’s opposition party has been left reeling after a bruising defeat in Saturday’s federal election, with a result that is shaping up to be its worst ever loss. Peter Dutton, the Liberal party leader, also lost his own seat of Dickson, which he had held for the past 24 years. Labor’s landslide victory means the […]
US and China to start talks over trade war this week
US and Chinese officials are set to start talks this week to try to deescalate a trade war between the world’s two biggest economies. Chinese Vice Premier He Lifeng will attend the talks in Switzerland from 9 to 12 May, China’s Ministry of Foreign Affairs says. US Treasury Secretary Scott Bessent and US Trade Representative […]
Colombia’s wind farms bring promise and pain for indigenous group
When José Luis Iguarán steps outside his home in La Guajira, northern Colombia, he is met with a line of 10 towering wind turbines stretching across the cactus-strewn terrain toward the Caribbean Sea. The Wayuu indigenous group, which Mr Iguarán belongs to, has lived on the arid peninsula region for centuries, herding goats, tending to […]