U.S. EXIM Bank Approves $4.7 Billion Loan for Mozambique LNG Project
The United States Export-Import (EXIM) Bank has re-approved a $4.7 billion loan for the TOTAL-operated Liquefied Natural Gas (LNG) project…
Major Oil Companies Continue Nigeria Divestments
Following Shell’s completed sale of its onshore and shallow water assets in Nigeria, only two major international oil companies remain…
Dangote Refinery to Undergo Maintenance in June
Nigeria’s Dangote oil refinery plans to shut its 204,000 barrels per day gasoline-making unit for a 30-day maintenance period starting…
Renaissance Completes $2.4 Billion Acquisition of Shell’s Nigerian Assets
Renaissance Africa Energy Holdings has finalized its $2.4 billion acquisition of Shell Petroleum Development Company of Nigeria (SPDC), marking a…
Angola Secures $60 Billion in Oil and Gas Investments
Angola is experiencing a resurgence in its oil and gas sector, with over $60 billion in investment commitments aimed at…
Congo Diversifies Energy Sector with Gas and Solar Initiatives
The Republic of Congo has received a $1.5 million grant from the African Development Bank to modernize its energy infrastructure,…
Equatorial Guinea Initiates New Hydrocarbon Exploration Strategy
Equatorial Guinea has embarked on a comprehensive initiative to counteract declining gas production and optimize its untapped hydrocarbon reserves. The…
Egypt in Talks with Excelerate Energy for Floating Gas Unit
Egypt is currently in discussions with U.S.-based Excelerate Energy regarding the acquisition of a floating storage and regasification unit (FSRU)…
Egypt to Lease German Gas Liquefaction Unit to Boost Production
Amid declining domestic gas production, Egypt plans to lease a floating gas liquefaction unit from Germany to enhance its energy…
Nigerian Senate Engages Foreign Experts to Tackle Oil Theft
The Nigerian Senate has enlisted the services of international experts to track illegal vessels used in crude oil theft from…
Nigeria’s Crude Oil Output Declines by 4.7%
Nigeria’s crude oil production in February 2025 dropped to an average of 1,465,006 barrels per day (BOPD), marking the lowest…
Tanzania to Auction Multiple Petroleum Exploration Blocks
The Tanzanian government, through the Petroleum Upstream Regulatory Authority (PURA), has announced plans to auction 26 petroleum exploration blocks to…
Botala Energy Secures Production License for Serowe Project
Australia’s Botala Energy has received approval from the Botswana government to advance its Serowe Coal Bed Methane (CBM) Gas Project…
74 Chinese Firms Express Interest in Nigeria’s Oil Sector
A total of 74 Chinese companies have expressed interest in investing in Nigeria’s oil and gas industry, forming part of…
Oando Selected as Preferred Bidder for Guaracara Refinery in Trinidad
Oando PLC has announced that its subsidiary, Oando Trading, has been selected as the preferred bidder to lease the refinery…
Nigeria’s Oil Production Declines by 5% in February, Falling Below OPEC Quota
Data from the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) indicates that Nigeria’s daily average crude oil production in February declined…
NNPC, First E&P Discover Hydrocarbons in Songhai Field
The Nigerian National Petroleum Company Limited (NNPC Limited) and FIRST Exploration & Petroleum Development Company Limited (FIRST E&P) joint venture…
Angola’s Greenfield and Brownfield Oil Blocks Offer Strong Investment Potential
As sub-Saharan Africa’s second-largest oil producer, Angola presents lucrative opportunities for both greenfield and brownfield investments in its oil and…
South Offshore and TotalEnergies Expand Subsea Innovations to Angola
South Offshore, a Congolese engineering, procurement, and construction (EPC) company, has partnered with TotalEnergies to deploy a rigless subsea light…
Renaissance Africa’s Acquisition of Shell’s Onshore Assets Reshapes Nigeria’s Energy Sector
Renaissance Africa Energy Company’s recent acquisition of Shell’s onshore assets in Nigeria is transforming the country’s energy landscape. This landmark…