Shell Secures 60% Stake in South Africa’s Block 2C with $25 Million Signing Bonus
South Africa’s legacy national oil company, PetroSA, has approved a landmark deal granting Shell Offshore a 60% stake in its…
Nigeria Unveils 50 Oil Blocks in Major 2025 Licensing Round to Boost Investment
The Nigerian Upstream Petroleum Regulatory Commission has unveiled crucial eligibility and bidding details for its 2025 Licensing Round, offering 50…
Morocco’s Tendrara Gas Project Reaches First Gas Milestone, Revenue Generation Set for Q1 2026
Mana Energy has commenced initial commissioning activities for the TE-5 Horst development project in the Tendrara Production Concession as first…
Egypt Secures Additional $30 Million for Gulf of Suez Oil Exploration with Cheiron Partnership
Egypt’s Ministry of Petroleum and Mineral Resources has finalized a new agreement for oil exploration and production in the East…
Libya’s Akakus Oil Completes Strategic Injection Well to Revive Shut-In Production
The National Oil Corporation has announced that Akakus Oil Operations successfully completed the drilling and commissioning of injection well I-30INC186,…
Egypt’s Refining Leaders Unite to Strengthen Sector Integration and Development
Leaders of Egypt’s refining sector companies convened in Alexandria to explore integration opportunities and share expertise among state-owned companies, in…
Egypt Explores Opportunities in Saudi Arabia’s NEOM Project and Petrochemical Sector
Egypt is exploring broader opportunities for its petroleum and engineering companies to participate in Saudi Arabia’s NEOM project and strengthen…
African Youth Entrepreneurs Compete in 2025 JA Africa Company-of-the-Year Contest
The 15th Junior Achievement Africa (JA Africa) Company-of-the-Year competition has brought together high-school entrepreneurs from across the continent to present…
Youth Led Climate & Innovation Grants Power Resilience Across Africa
The Global Centre on Adaptation (GCA), in partnership with a leading African university, awarded small grants to 15 youth-led organizations…
Europe Partnership Supports Trade, Investment, and Development
African and European leaders have renewed commitments to deepen cooperation in trade, investment, and human development. The partnership focuses on…
Africa Strengthens Focus on Clean Energy & Green Development
African nations are increasingly prioritizing renewable energy and clean development initiatives. Investments in solar, wind, and hydropower projects are expanding…
Africa Europe Civil Society & Youth Forum Advances Inclusive Governance
African and European civil society and youth leaders convened to develop policy recommendations on governance, social inclusion, climate resilience, and…
African Universities Push for Strengthened Education & Research Collaboration
African and European universities have called for enhanced partnerships in higher education and research to drive innovation and youth development…
African Development Bank Approves US $1.78 Billion Financing Plan for Namibia
The African Development Bank (AfDB) has approved a US $1.78 billion financing package for Namibia, aimed at supporting infrastructure, energy, transport, and…
Kenya Secures US $1 Billion Debt-for-Food Swap to Boost Food Security
Kenya and the U.S. International Development Finance Corporation (DFC) have agreed on a US $1 billion debt-for-food security swap, designed to reduce…
Libya Prepares to Drill Record-Depth Offshore Well in Sirte Basin This January
The National Oil Corporation has announced its readiness to drill Libya’s first deep-water exploration well in the submerged offshore zone…
Libya to Announce Winners of First Oil Exploration Licenses in Nearly Two Decades
Libya will announce early next year which companies have won its first tender for oil and gas exploration licenses in…
South Africa’s Tax Authority Moves to Seize PetroSA Refinery Over R4.5 Billion Debt
The South African Revenue Service has moved to seize PetroSA’s Mossel Bay refinery amid mounting concerns that the state-owned oil…
Eco Atlantic and Navitas Forge Strategic Partnership to Advance South Africa’s Orange Basin Exploration
Eco Atlantic has entered into a strategic partnership with Navitas Petroleum that could advance exploration across South Africa’s Orange Basin…
NAMCOR Confirms Hydrocarbon Discovery at Kavango West Well with Production Test Scheduled for Q1 2026
NAMCOR, the National Petroleum Corporation of Namibia, together with joint venture partners Reconnaissance Energy Africa and BW Energy, has announced…