Nigerian Independent FIRST E&P Targets Massive Production Boost by 2030
Nigerian Independent FIRST E&P Targets Massive Production Boost by 2030 Nigerian independent energy company FIRST Exploration and Petroleum Development Company Limited has unveiled ambitious plans to dramatically increase its oil production to 250,000 barrels per day by 2030. The Ademola Adeyemi-Bero-owned company is simultaneously developing a comprehensive midstream gas business, targeting 1 billion standard cubic […]
Angola’s Block 1/14 Set to Deliver First Gas Production This Year
Angola’s Block 1/14 Set to Deliver First Gas Production This Year Angola’s national oil and gas concessionaire has announced that first gas from offshore Block 1/14 is expected to begin production in 2025, marking a significant milestone for the country’s offshore gas sector. The announcement was made by Paulino Jerónimo, President of the National Oil, […]
TotalEnergies Makes Historic Return to Nigerian Waters with Two Major Offshore Permits
TotalEnergies Makes Historic Return to Nigerian Waters with Two Major Offshore Permits TotalEnergies has secured two significant offshore exploration licenses in Nigeria, marking the first time an international company has been awarded exploration licenses in the country through a bid round in over a decade. The French energy giant was granted permits PPL 2000 and […]
Shell and South Africa Battle Court Ruling That Halted Major Offshore Drilling Plans
Shell and South Africa Battle Court Ruling That Halted Major Offshore Drilling Plans Shell and the South African government are fighting back against a court decision that scrapped environmental authorization for massive oil and gas drilling operations off the country’s southwest coast. The Western Cape High Court ruled against the environmental approval for Block […]
GHANA THREATENS DATV SHUTDOWN OVER SUBSCRIPTION PRICES
GHANA THREATENS DATV SHUTDOWN OVER SUBSCRIPTION PRICES Government demands 30% reduction in DSTV subscription fees or faces licence suspension; MultiChoice responds cautiously, investors express concern over regulatory tensions Ghana’s government has threatened to suspend DSTV services unless operator MultiChoice reduces subscription prices, escalating a standoff over consumer costs. Communications Minister Samuel Nartey George said on […]
BURKINA FASO CRIMINALISES SAME-SEX RELATIONS WITH NEW LAW
BURKINA FASO CRIMINALISES SAME-SEX RELATIONS WITH NEW LAW New law enforces prison sentences of 2–5 years and fines, as activists warn of declining safety and growing repression Burkina Faso’s military-led government has passed a new law criminalising same-sex relations, reversing the country’s previous legal stance and placing it among more than half of African states […]
RAND HOLDS FIRM AS INVESTORS AWAIT SOUTH AFRICA’S Q2 GDP AND KEY ECONOMIC DATA
RAND HOLDS FIRM AS INVESTORS AWAIT SOUTH AFRICA’S Q2 GDP AND KEY ECONOMIC DATA Currency steadies near R17.58/$ as markets look to GDP, mining, manufacturing, and current account figures; stronger reserves and central bank rate cut provide support The South African rand was steady on Monday, trading at R17.58 to the U.S. dollar by 06:28 […]
Tanzania and Algeria Strengthen Oil and Gas Regulatory Cooperation
Tanzania and Algeria Strengthen Oil and Gas Regulatory Cooperation Tanzania’s Petroleum Upstream Regulatory Authority (PURA) and Algeria’s National Agency for the Valorization of Hydrocarbon Resources (ALNAFT) have established cooperation aimed at exchanging experiences and building capacity in regulating oil and natural gas exploration and production activities. The meeting, held in Algiers on Sunday, was attended […]
Zimbabwe Grants National Project Status to Invictus Energy’s Cabora Bassa
Zimbabwe Grants National Project Status to Invictus Energy’s Cabora Bassa The Cabora Bassa Project by Invictus Energy Ltd has received National Project Status from Zimbabwe Finance Minister Mthuli Ncube, following constructive meetings that finalized terms of the Petroleum Production Sharing Agreement (PPSA), now being prepared for execution. National Project Status is reserved for projects deemed […]
Egypt Plans to Double Power Sector Investment to $7.6 Billion
Egypt Plans to Double Power Sector Investment to $7.6 Billion Egypt will dramatically increase investment in the electricity and renewable energy sector to EGP 136.3 billion ($7.6 billion) in the 2025-2026 fiscal year, nearly doubling the EGP 72.6 billion allocated in 2024-2025. Public investments will account for 73% of the total, with private contributions representing […]