Central Africa Unites for Regional Pipeline System to Combat Energy Shortages
Central Africa Unites for Regional Pipeline System to Combat Energy Shortages The Central African Economic and Monetary Community, African Petroleum Producers’ Organization, and Central Africa Business & Energy Forum have signed a groundbreaking Memorandum of Understanding to develop the Central African Pipeline System aimed at ending pervasive regional energy shortages. The MoU establishes framework for […]
Cameroon’s Decade-Long Drilling Wait Nears End as Tower Resources Secures Rig Contract
Cameroon’s Decade-Long Drilling Wait Nears End as Tower Resources Secures Rig Contract Cameroon’s prolonged wait for drilling in its Thali license is set to conclude later this year following Tower Resources’ award of a rig contract to Saudi services company ADES. The UK-listed exploration company has secured one of ADES’ 48 jack-up rigs for the […]
Mozambique and Eni Strengthen Energy Partnership with Focus on LNG Expansion
Mozambique and Eni Strengthen Energy Partnership with Focus on LNG Expansion Mozambican President Daniel Francisco Chapo met with Eni CEO Claudio Descalzi in Maputo to review current and upcoming projects, including LNG expansion, agribusiness, and sustainability initiatives. The meeting highlighted the remarkable success of the Coral South Project, which contributed 50% of Mozambique’s GDP growth […]
Liberia’s NOCAL Fires Back at Critics Over Presidential Oil Block Allocation
Liberia’s NOCAL Fires Back at Critics Over Presidential Oil Block Allocation National Oil Company of Liberia has strongly defended President Joseph Boakai’s executive allocation of oil blocks following criticism from an anonymous industry expert who labeled the move “premature and disruptive.” NOCAL Vice President for Finance and Investment Emmanuel Azango dismissed the claims as baseless […]
Brazil’s Petrobras Eyes Nigeria Return After Decade-Long Absence
Brazil’s Petrobras Eyes Nigeria Return After Decade-Long Absence Nigeria’s federal government is preparing to welcome a high-level delegation from Brazil’s state-owned oil company Petrobras, which is planning a strategic re-entry into Nigeria years after exiting the country. Foreign Minister Yusuf Tuggar revealed in May that discussions have begun regarding exploration of Nigeria’s deep water oil […]
ModuSpec Lands Major Rig Inspection Contracts in Egypt’s Expanding Energy Sector
ModuSpec Lands Major Rig Inspection Contracts in Egypt’s Expanding Energy Sector MR Group’s ModuSpec has secured contracts valued at over $175,000 for rig intake and inspection services covering both onshore and offshore operations in Egypt. The deals with new and existing clients include the intake of one conventional-design jack-up and two land-based drilling rigs. The […]
TotalEnergies Secures Golden Block Extension Off Angola, Eyes 300 Million Additional Barrels
TotalEnergies Secures Golden Block Extension Off Angola, Eyes 300 Million Additional Barrels TotalEnergies and its partners have successfully negotiated an extension of their production sharing contract for Block 17, one of Angola’s most prolific offshore oil exploration blocks located 150 kilometers off the coast. The extension allows operations to continue at the “golden block,” which […]
Somalia’s President Tours Turkish Oil Vessel as Historic Energy Partnership Takes Shape
Somalia’s President Tours Turkish Oil Vessel as Historic Energy Partnership Takes Shape Somali President Hassan Sheikh Mohamud has conducted a high-profile tour of the Turkish oil exploration vessel Oruç Reis in Mogadishu, marking the official conclusion of its groundbreaking mission off the Somali coast and signaling a potential economic transformation for the Horn of Africa […]
Egypt Finalizes Massive LNG Import Deals Worth Billions as Energy Crisis Deepens
Egypt Finalizes Massive LNG Import Deals Worth Billions as Energy Crisis Deepens Egypt has locked in sweeping liquefied natural gas supply agreements with energy giants Saudi Aramco, Shell Plc, and Trafigura, securing up to 290 LNG cargoes over the next two and a half years in a desperate bid to stabilize its power grid ahead […]
Nigeria Slashes Petrol Import Bill by 54% as Dangote Refinery Transforms Energy Landscape
Nigeria Slashes Petrol Import Bill by 54% as Dangote Refinery Transforms Energy Landscape In a dramatic shift that signals Nigeria’s march toward energy independence, the country’s petrol import bill has crashed by 54% in the first quarter of 2025, dropping from N3.81 trillion to N1.76 trillion year-on-year. This stunning decline represents the most significant reduction […]