TotalEnergies Fires Up Two Major Angola Projects, Adding 60,000 Barrels Daily
Fires Up Two Major Angola Projects, Adding 60,000 Barrels Daily TotalEnergies sent shockwaves through the energy sector today as the French giant announced the simultaneous startup of two major offshore Angola projects, instantly adding 60,000 barrels per day to the nation’s oil output. The BEGONIA and CLOV Phase 3 projects mark a watershed moment for […]
Tullow Oil Exits Kenya in Massive $120 Million Deal with Gulf Energy
Tullow Oil Exits Kenya in Massive $120 Million Deal with Gulf Energy In a stunning development that marks the end of an era, Tullow Oil has agreed to sell its entire Kenyan operations to Auron Energy E&P, an affiliate of Gulf Energy Ltd, for a minimum of $120 million, sources confirmed today. The blockbuster deal […]
Nigeria’s Dangote Warns of Russian Oil Product Threat to African Refineries
Nigeria’s Dangote Warns of Russian Oil Product Threat to African Refineries Nigerian billionaire Aliko Dangote has raised alarm over discounted Russian petroleum products flooding African markets and threatening to undermine the continent’s emerging refining industry. Dangote, who operates Africa’s largest refinery with an initial capacity of 650,000 barrels per day near Lagos, warned of increasingly […]
Portugal’s Galp Energia Raises Profit Targets, Seeks Namibia Development Partner
Portugal’s Galp Energia Raises Profit Targets, Seeks Namibia Development Partner Portugal’s Galp Energia raised its core profit target for the full year after better-than-expected second-quarter performance and announced expectations to find a partner for developing a promising oil discovery offshore Namibia. The company raised its target for adjusted earnings before interest, taxes, depreciation and amortisation […]
Kenya’s Hass Petroleum Eyes Strategic Partnership with Mozambique
Kenya’s Hass Petroleum Eyes Strategic Partnership with Mozambique Hass Petroleum Group Chairman Abdinasir Ali Hassan has revealed his company’s interest in creating partnerships with the Mozambican government in the electricity sector and extractive industry following a meeting with President Daniel Chapo. Hassan described the discussion as very fruitful, exploring how to create partnerships with the […]
President Al-Sisi Reviews Egypt’s Energy Security Strategy with Key Officials
President Al-Sisi Reviews Egypt’s Energy Security Strategy with Key Officials President Abdel Fattah Al-Sisi held a strategic meeting with Prime Minister Mostafa Madbouly and Petroleum Minister Karim Badawi to address the state’s efforts to secure citizens’ needs for petroleum products and provide natural gas to various sectors, especially electricity generation. Minister Badawi reviewed the main […]
Egypt Strengthens Energy Partnership with BP Following Mediterranean Gas Discoveries
Egypt Strengthens Energy Partnership with BP Following Mediterranean Gas Discoveries Minister of Petroleum and Mineral Resources Karim Badawi met with BP’s Executive Vice President William Lin to discuss the company’s new investment plans for natural gas development and production in Egypt, particularly following recent Mediterranean discoveries. BP completed drilling activities from two gas discoveries offshore […]
Libya’s NOC and AGOCO Chart Strategic Vision for 2026 Exploration Activities
Libya’s NOC and AGOCO Chart Strategic Vision for 2026 Exploration Activities The National Oil Corporation’s Exploration Department conducted a comprehensive two-day meeting with the Arabian Gulf Oil Company to discuss recent developments in exploration activities and develop a strategic vision for 2026 plans. The meeting, attended by AGOCO Chairman Mohamed Ben Shatwan and committee members […]
Libya’s Zallaf Company Launches Second Phase of Strategic Southern Refinery Project
Libya’s Zallaf Company Launches Second Phase of Strategic Southern Refinery Project Zallaf Oil and Gas Exploration, Production, and Refining Company has confirmed the launch of the second phase of the Southern Refinery Project, with its board coordinating closely with the National Oil Corporation on this strategic national initiative. The company emphasized that the project is […]
JGC Secures Major African FLNG Contract Worth $550 Million
JGC Secures Major African FLNG Contract Worth $550 Million JGC France, a subsidiary of Japan’s JGC Holdings Corporation, has won preliminary work on a floating liquefied natural gas project in Africa, with the contract covering engineering, procurement, and construction activities for the FLNG unit. The award, executed as part of a joint venture, has […]