Libya’s Zueitina Oil Boosts Production by 8,000 Barrels Daily with New Injection Unit
Libya’s National Oil Corporation has reported that its subsidiary, Zueitina Oil and Gas Company, achieved a significant milestone with the…
Libya Launches Well-Fire Response Project to Strengthen Oil Field Safety
The National Oil Corporation has announced a new project aimed at improving the country’s ability to control oil and gas…
US LNG Exports Will Shrink if Margin Squeeze Intensifies
The future of US LNG exports is facing fresh uncertainty as profit margins tighten amid volatile global market conditions. Analysts…
Vodacom Takes Control of East Africa’s Largest Telecom Company in $2.4 Billion Deal
South Africa’s Vodacom Group has finalized a landmark $2.4 billion transaction to take controlling interest in East Africa’s biggest telecom…
Three Super Eagles Players Likely to Replace Ekong as Captain
With leadership changes looming in the Super Eagles camp, analysts have identified three standout players likely to replace William Troost-Ekong…
Why Energy Traders Are Sceptical of the Data Centre Build-Out
Energy traders are raising concerns over the rapid expansion of data centres worldwide, arguing that projections for future electricity demand…
AfDB to Provide $1.78 Billion for Namibia’s Development Projects
The African Development Bank has announced a substantial $1.78 billion investment to support Namibia’s development agenda. The funding aims to…
East Asia & Pacific Livelihoods Improve as World Bank and Partners Boost Rural Resilience
Millions of people across East Asia and the Pacific are experiencing improved livelihoods thanks to new World Bank–supported initiatives aimed…
Turkey Eyes US Gas Field Investments After Wave of LNG Deals
Turkey is positioning itself for a deeper role in the global energy market as it expresses interest in investing in…
Top 10 Major African Cities With the Highest Purchasing Power as the Year Ends
Africa’s economic landscape continues to shift as several cities emerge with significantly stronger purchasing power heading into the end of…
South Africa and Mozambique Launch Major Sasol Gas Processing Facility in Inhambane Province
South Africa and Mozambique have inaugurated a new gas processing facility built by Sasol in Inhambane Province, marking a significant…
Egypt Awards First-Ever Sustainable Aviation Fuel Production License, Targets 120,000 Tons Annually
Egypt has awarded its first Sustainable Aviation Fuel (SAF) production license to the Egyptian Sustainable Aviation Fuel Company (ESAF), a…
Egypt Signs $121 Million Multi-Deal Package with Cheiron for Gulf of Suez Oil Expansion
Egypt has signed investment agreements worth over 121 million dollars with Cheiron Petroleum Corporation for oil exploration and production activities,…
ABL and Egypt’s PMS Launch Unified Rig Moving Service for Red Sea Operations
ABL is partnering with Egypt’s Petroleum Marine Services Co. (PMS) to introduce a unified rig moving service in the Red…
Saipem Achieves Early First Gas at Eni’s Congo LNG Project with Converted Drilling Rig
Italian engineering giant Saipem has announced the achievement of first gas ahead of schedule at Scarabeo 5, a semi-submersible drilling…
Uganda Sets Oil Production Countdown as Local Firms Face Critical Preparation Window
Uganda is entering a critical transition phase as it prepares to begin commercial oil production in the second half of…
Perenco Boosts Chad Oil Production Beyond Target with Successful Drilling Campaign
French oil producer Perenco has successfully increased its oil production capacity in Chad to over 18,000 barrels per day, exceeding…
South Africa’s Central Energy Fund Prepares to Acquire Major Oil Company Assets as Multinationals Exit Market
The Central Energy Fund (CEF) is positioning itself to acquire fuel infrastructure and other strategic assets from global oil companies…
Prada seals $1.38 billion deal to take full control of Versace
Italian luxury powerhouse Prada Group has finalized a $1.38 billion acquisition to take full ownership of Versace, consolidating two of…
EU agrees full ban on all Russian gas imports by 2027
The European Union has reached a landmark agreement to phase out all Russian gas imports by 2027, marking one of…