Senegal Achieves Milestone with Africa’s First LNG-to-Power Project
Senegal Achieves Milestone with Africa’s First LNG-to-Power Project Senegal has successfully launched Africa’s first LNG-to-power project, with a floating power plant from Türkiye’s Karpowership fleet now producing energy using liquefied natural gas off the coast of Dakar. The achievement represents a significant milestone for a country with relatively short oil and gas history and a […]
Nigeria’s Refineries Face Privatization Debate as Experts Call for Reform
Nigeria’s Refineries Face Privatization Debate as Experts Call for Reform Industry experts and stakeholders are increasingly advocating for the privatization of Nigeria’s three state-owned refineries, arguing that these assets have become technically insolvent and chronically non-operational despite billions in rehabilitation investments. The debate was reinvigorated by recent discussions from the Bayo Ojulari-led NNPC management regarding […]
ExxonMobil Secures 12-Year Extension for Prolific Angolan Block 15
ExxonMobil Secures 12-Year Extension for Prolific Angolan Block 15 US energy major ExxonMobil has successfully extended its license for Angola’s highly productive Block 15 until 2037, marking a significant milestone in the company’s three-decade presence in the region. The Houston-headquartered company has extracted over 2.5 billion barrels of oil from the asset since receiving the […]
Libya Maintains Lead in Africa’s Oil Reserves with 48.36 Billion Barrels
Libya Maintains Lead in Africa’s Oil Reserves with 48.36 Billion Barrels Libya continues to dominate African oil reserves, maintaining its position at approximately 48.36 billion barrels, a figure that has remained stable since 2013. The North African nation’s reserves represent a significant portion of the continent’s total proven crude oil resources. According to the latest […]
Dolphin Drilling Wins $105 Million in Nigerian Arbitration Battle
Dolphin Drilling Wins $105 Million in Nigerian Arbitration Battle Scotland-based offshore drilling contractor Dolphin Drilling has secured a major victory in its arbitration dispute with Lagos-based General Hydrocarbons Limited (GHL), winning an award of approximately $105 million following the termination of a drilling contract off Nigeria’s coast. Nigeria’s Federal High Court of Lagos granted the […]
Nigeria’s Finance Minister Meets Russian Deputy PM for Major Energy Partnership Talks
Nigeria’s Finance Minister Meets Russian Deputy PM for Major Energy Partnership Talks Nigeria’s Finance Minister and Coordinating Minister for Economic Affairs Olawale Edun held crucial talks with Russia’s Deputy Prime Minister Alexander Novak on expanding full-cycle cooperation in the oil and gas sector, marking a significant diplomatic development in Africa-Russia energy relations. The high-level meeting […]
TotalEnergies Resumes $20 Billion Mozambique LNG Project After Four-Year Suspension
TotalEnergies Resumes $20 Billion Mozambique LNG Project After Four-Year Suspension In a major development for Africa’s energy sector, TotalEnergies has officially resumed work on its massive $20 billion liquefied natural gas project in Mozambique’s Cabo Delgado province after a four-year suspension due to security concerns. The French energy giant’s CEO Patrick Pouyanne met with President […]
Nigeria’s Modular Refinery Sector Attracts $1.2 Billion Investment Surge
Nigeria’s Modular Refinery Sector Attracts $1.2 Billion Investment Surge PetroNor E&P ASA has achieved notable improvements in operational efficiency at its Congo operations, despite a modest decline in overall production volumes during the second quarter of 2025. The company generated an average of 4,240 barrels of oil per day net working interest production from its […]
DRC and Tanzania Establish Joint Committee for Enhanced Oil and Gas Cooperation
DRC and Tanzania Establish Joint Committee for Enhanced Oil and Gas Cooperation The Democratic Republic of the Congo and Tanzania have agreed to establish a joint technical committee to strengthen cooperation in the oil and gas sector, following productive bilateral discussions between their energy ministers. The decision was announced after a July 8 meeting […]
Sri Lankan Ambassador Warns Against South Sudan Crude Oil Deal
Sri Lankan Ambassador Warns Against South Sudan Crude Oil Deal Sri Lanka’s former Ambassador to South Sudan has issued a strong warning against the country’s interest in importing crude oil from South Sudan, citing insurmountable challenges including sanctions, supply chain instability, and refinery incompatibility. Ambassador Kana Kananathan urged Sri Lankan energy authorities to reconsider the […]