Japanese Giant MODEC Partners with African Finance Corporation for Offshore Infrastructure Push
Japanese Giant MODEC Partners with African Finance Corporation for Offshore Infrastructure Push Japan’s leading floating production specialist MODEC has signed a comprehensive cooperation agreement with the Africa Finance Corporation to jointly develop floating production, storage, and offloading units and other maritime infrastructure projects across the continent. The partnership creates a framework for future collaboration in […]
Angola Launches Historic Kaminho Offshore Oil Project in Deepwater Frontier
Angola Launches Historic Kaminho Offshore Oil Project in Deepwater Frontier Angola has officially launched construction of the Kaminho Project, marking the country’s first offshore oil development in the previously unexplored Kwanza Basin, in a ceremony that signals a new chapter for the nation’s deepwater exploration sector. The groundbreaking “first steel cutting” event at the Petromar […]
Libya Prepares to Revive Multi-Billion Dollar Gas Megaproject Amid Power Crisis
Libya Prepares to Revive Multi-Billion Dollar Gas Megaproject Amid Power Crisis Libya’s National Oil Corporation is moving forward with plans to resurrect a massive natural gas development project aimed at addressing the country’s chronic electricity shortages, potentially becoming one of the biggest new energy projects in the nation. The state-run energy company wants its Arabian […]
TotalEnergies Makes Historic Return to Nigerian Waters After Decade-Long Absence
TotalEnergies Makes Historic Return to Nigerian Waters After Decade-Long Absence In a groundbreaking development that marks Nigeria’s most significant offshore energy milestone in over a decade, French energy giant TotalEnergies has secured two major exploration permits in Nigerian waters, becoming the first international oil company to win new deepwater assets since 2015. The Production Sharing […]
Kenya Launches First Oil Exploration Licensing Round in Six Years
Kenya Launches First Oil Exploration Licensing Round in Six Years Kenya has announced the opening of bidding for 10 oil exploration blocks this month, marking the country’s first licensing round since implementing new petroleum legislation six years ago. The move represents a renewed push to develop Kenya’s oil and gas industry following a period of […]
Mozambique Strengthens Development Partnership with TotalEnergies
Mozambique Strengthens Development Partnership with TotalEnergies The Northern Integrated Development Agency (ADIN) has signed a memorandum of understanding with TotalEnergies, operator of the Mozambique LNG Project, to enhance cooperation in promoting income generation and job creation in the districts of Palma and Mocímboa da Praia in Cabo Delgado province. The agreement represents a strategic milestone […]
Nigeria, UAE, and Qatar Plan Joint LNG Shipping Network
Nigeria, UAE, and Qatar Plan Joint LNG Shipping Network Nigeria is collaborating with the United Arab Emirates and Qatar to establish a unified shipping network aimed at expanding Africa-Asia Liquefied Natural Gas connectivity. The initiative emerged from bilateral meetings between Nigeria’s Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, and his counterparts from the […]
Tower Resources Extends Bridge Loan for Cameroon Drilling Project
Tower Resources Extends Bridge Loan for Cameroon Drilling Project AIM-listed oil and gas company Tower Resources has expanded its bridge loan with Prime Resources by £250,000, increasing the total facility from £750,000 to £1 million with effect from August 29, 2025. The extension provides additional working capital flexibility as the company prepares for drilling operations […]
Nigerian Gas Company Doubles Delivery Capacity
Nigerian Gas Company Doubles Delivery Capacity Tetracore Energy Group Limited has significantly expanded its operations by doubling its daily gas delivery capacity to 6.2 million standard cubic feet per day following the commissioning of a new Compressed Natural Gas facility in Ogbere, Ogun State. The facility is strategically located along the Benin-Sagamu Expressway and represents […]
East Africa Pipeline Project Accelerates Toward Completion
East Africa Pipeline Project Accelerates Toward Completion The East Africa Crude Oil Pipeline project is making significant progress after overcoming several funding delays, with completion now at 64.5% and $3.6 billion of the project’s investment already utilized. The ambitious infrastructure project continues to advance despite ongoing opposition from environmental groups. The EACOP will become the […]