Angola Prepares Final Licensing Round by Q4 2025
Angola Prepares Final Licensing Round by Q4 2025 Angola’s Minister of Mineral Resources, Petroleum and Gas Diamantino Azevedo has announced that the country’s next licensing round will open by Q4 2025, offering acreage in the proven Kwanza and Benguela basins as part of efforts to sustain oil production above one million barrels per day in […]
Indian Oil Corporation Shifts Strategy, Buys 2 Million Barrels of Nigerian Crude
Indian Oil Corporation Shifts Strategy, Buys 2 Million Barrels of Nigerian Crude Top Indian refiner Indian Oil Corp has made a strategic shift in its latest tender, skipping U.S. oil purchases entirely and instead acquiring 2 million barrels of West African crude and 1 million barrels of Middle Eastern grade. The state refiner purchased one […]
UK’s Afentra Secures Strategic Angolan Offshore Block
UK’s Afentra Secures Strategic Angolan Offshore Block UK-headquartered and AIM-listed upstream oil and gas company Afentra has taken significant steps to secure its first offshore operatorship by expanding its portfolio with Block 3/24, adjacent to its existing assets off the coast of Angola. The company announced signing heads of terms with Angola’s National Agency of […]
Nigeria Targets 10 Billion SCF Daily Gas Output by 2030
Nigeria Targets 10 Billion SCF Daily Gas Output by 2030 The Nigerian federal government has reaffirmed its ambitious target of producing 10 billion standard cubic feet (SCF) of gas per day by 2030, with fresh assurances that ongoing reforms are positioning the country as a global energy hub. The commitment was made in Abuja by […]
Congo Signs Massive $23 Billion Hydrocarbon Deal with Chinese Firm
Congo Signs Massive $23 Billion Hydrocarbon Deal with Chinese Firm The Republic of the Congo has inked a transformative $23 billion hydrocarbon agreement with Chinese oil and gas company Wing Wah for the integrated development of three major permits, setting an ambitious target to boost national oil output to 200,000 barrels per day by 2030. […]
Dangote Refinery’s Gasoline Unit Could Remain Offline for Months
Dangote Refinery’s Gasoline Unit Could Remain Offline for Months Nigeria’s massive Dangote Refinery, one of the world’s largest single-train refineries with a capacity of 650,000 barrels per day, faces an extended shutdown of its critical gasoline production unit that could last two to three months, sending shockwaves through global fuel markets. The Residue Fluidised Catalytic […]
Eni Advances Sustainability Initiatives in Côte d’Ivoire
Eni Advances Sustainability Initiatives in Côte d’Ivoire Italian energy company Eni has released its second sustainability report for Côte d’Ivoire, highlighting progress on the Baleine project, Africa’s first net-zero emissions upstream development. The project utilizes advanced technologies and local initiatives to offset emissions while supporting community development. The company successfully launched a 30-year conservation project […]
Angola Pushes for Onshore Investment Amid Production Decline
Angola Pushes for Onshore Investment Amid Production Decline Angolan President João Lourenço has urged energy companies to increase investment in onshore oil fields as the country battles sustained crude production decline. Angola’s output dropped below one million barrels per day in July, threatening state revenues that fund over 90% of exports. The government is finalizing […]
ReconAfrica Advances Namibian Exploration Campaign
ReconAfrica Advances Namibian Exploration Campaign Reconnaissance Energy Africa Ltd has provided updates on its Kavango West 1X exploration well in Namibia, with drilling operations proceeding on schedule since spudding in July. The well is currently drilling the 8.5-inch section at approximately 1,910 meters depth. Company President and CEO Brian Reinsborough confirmed that operations are progressing […]
MODEC and Africa Finance Corp Forge Strategic Partnership
MODEC and Africa Finance Corp Forge Strategic Partnership Japanese floating production specialist MODEC has entered a cooperation agreement with Africa Finance Corp (AFC) to collaborate on FPSO and maritime infrastructure projects across Africa. The partnership combines MODEC’s extensive experience as a floating platforms supplier and operator with AFC’s sophisticated financing capabilities. MODEC has previously delivered […]