Algeria Strengthens Energy Ties with US Giants Chevron and ExxonMobil
Algeria Strengthens Energy Ties with US Giants Chevron and ExxonMobil Algeria is making bold moves to expand its energy partnerships with American oil giants, as President Abdelmadjid Tebboune held high-stakes meetings with top executives from both Chevron and ExxonMobil. The diplomatic push comes as Algeria leverages economic diplomacy to counter growing international pressure over the […]
Massive Green Ammonia Project Set to Transform Egypt’s Port Said into Global Fuel Hub
Massive Green Ammonia Project Set to Transform Egypt’s Port Said into Global Fuel Hub A groundbreaking green energy project is poised to revolutionize Egypt’s position in the global maritime fuel market, with Project Ra set to produce up to 2 million tonnes of green ammonia annually at East Port Said. The ambitious development has secured […]
Agiba Petroleum Hits Record 44,196 Barrels Per Day in Egypt’s Western Desert
Agiba Petroleum Hits Record 44,196 Barrels Per Day in Egypt’s Western Desert In a stunning display of operational excellence, Agiba Petroleum has achieved a remarkable production milestone, reaching 44,196 barrels of oil equivalent per day (boe/d) in May 2025, marking the highest daily production in the company’s history. This breakthrough comes as Egypt intensifies efforts […]
Uganda Mandates Ethanol Blending to Cut $2 Billion Petroleum Import Bill
Uganda Mandates Ethanol Blending to Cut $2 Billion Petroleum Import Bill Uganda will require all fuel distributors to blend locally produced ethanol into petrol starting January, in a strategic move to reduce the East African nation’s substantial $2 billion annual petroleum import expenditure. The energy ministry announced this significant policy shift as part of […]
Perenco Drives $1 Billion Gas Revolution Across Central Africa
Perenco Drives $1 Billion Gas Revolution Across Central Africa Independent oil and gas company Perenco is positioning natural gas at the center of its African expansion strategy, with the transformative $1 billion Cap Lopez LNG project in Gabon leading the charge as a regional energy game-changer. Located at the existing Cap Lopez oil terminal, the […]
Afreximbank Boosts Oando’s Production Strategy with $375 Million Facility
Afreximbank Boosts Oando’s Production Strategy with $375 Million Facility Nigerian oil and gas company Oando Oil Limited has moved significantly closer to its ambitious production targets following the completion of a $375 million reserve-based lending facility upsizing by the African Export-Import Bank. The enhanced facility, supported by Mercuria Asia Resources PTE Limited, represents a strategic […]
Zimbabwe Grants National Project Status to Invictus Energy’s Cabora Bassa Development
Zimbabwe Grants National Project Status to Invictus Energy’s Cabora Bassa Development Invictus Energy Limited has achieved a major milestone as Zimbabwe’s Ministry of Finance prepares to grant National Project Status to the company’s 80%-owned Cabora Bassa Project. This designation will unlock significant fiscal and non-fiscal incentives including duty exemptions, expedited permitting, and streamlined access to […]
China’s Sunrev Invests $200 Million in Major Egyptian Solar Manufacturing Hub
China’s Sunrev Invests $200 Million in Major Egyptian Solar Manufacturing Hub Chinese industrial group Sunrev has commenced construction of a massive $200 million solar components manufacturing facility in Egypt’s Suez Canal Economic Zone, marking a significant step in the country’s renewable energy manufacturing ambitions. The ambitious two-phase project spans 20 hectares in Ain Sokhna and […]
Tower Resources Secures Additional £250,000 for Cameroon Drilling Operations
Tower Resources Secures Additional £250,000 for Cameroon Drilling Operations Tower Resources has successfully expanded its bridge loan facility by 50%, increasing the total funding from £500,000 to £750,000 through its partnership with Gibraltar-registered Prime Resources. The enhanced funding will support the company’s upcoming drilling operations in Cameroon and advance its Namibia farm-out negotiations. The loan […]
Khalda Petroleum Slashes $18 Million in Costs Through Revolutionary Drilling Innovation
Khalda Petroleum Slashes $18 Million in Costs Through Revolutionary Drilling Innovation Egyptian oil company Khalda Petroleum has achieved remarkable operational breakthroughs, saving a staggering $18 million through innovative drilling technologies in just 18 months. The company, partnering with Apache, revolutionized drilling operations in Egypt’s Western Desert with game-changing efficiency improvements. The breakthrough came through optimizing […]