Africa’s Growth Holds Steady but Faces Rising Risks
Sub-Saharan Africa continues to record moderate economic growth, but new risks are threatening long-term stability. Growth remains around the mid-4…
Global Economy Slows as Inflation Pressures Persist Worldwide
The global economy is facing a slowdown in growth projections for 2026, driven by rising inflation, energy disruptions, and geopolitical…
Africa Pushes New Financial Independence Plan Amid Global Funding Decline
African leaders and financial institutions are advancing a new strategy aimed at reducing dependence on foreign aid and external borrowing.…
TotalEnergies Doubles Down on Angola with $6 Billion Kaminho FPSO, New Frontier Blocks and Extended Kaombo Licence
TotalEnergies is advancing a wide-ranging offshore growth strategy in Angola that combines new deepwater project development, brownfield optimisation, and frontier…
Weatherford Secures ExxonMobil Deepwater Contract Offshore Nigeria, Strengthening West Africa’s Subsea Expansion Drive
Weatherford International has won a deepwater integrated completions contract from Esso Exploration & Production Nigeria, an affiliate of ExxonMobil, in…
Oceaneering Lands Shell JV Contract to Restore Production at Egypt’s Giant Offshore Gas Field on Accelerated Timeline
Oceaneering has won an integrated offshore installation contract with Burullus Gas Company — a joint venture between the Egyptian General…
Panoro Energy Eyes 20,000 BPD Target as Block G Deal Reshapes Its Equatorial Guinea and Gabon Growth Story
Norway-listed Panoro Energy has reported first-quarter 2026 performance in line with expectations and outlined a series of significant operational and…
Afentra Pushes Ahead with Angola Exploration After Rejecting Suitors, Eyes First Oil from Block 3/24 by End-2027
UK-listed oil and gas company Afentra is pressing forward with an ambitious onshore and offshore exploration programme in Angola —…
Nigeria’s Attorney General Enters Fuel Import War: Federal Government Mounts Full Legal Defence Against Dangote Refinery’s Landmark Lawsuit
Nigeria’s Office of the Attorney General of the Federation has taken direct command of a coordinated legal defence as the…
Erdogan’s Historic Somalia Drilling Gamble: Turkey’s First Overseas Deep-Sea Oil Hunt Triggers Sovereignty Storm in the Horn of Africa
Turkish President Recep Tayyip Erdogan has announced that Ankara aims to complete its first-ever overseas deep-sea oil exploration operation off…
Nigeria’s Tank Farm Owners Back Dangote in Fiery Battle Over Petrol Import Licences, Demand End to Fuel Imports
Nigeria’s Jetties and Petroleum Tank Farm Owners (JETFON) have thrown their weight behind the Dangote Refinery’s legal challenge to renewed…
Canada’s Meren Energy Unleashes Multi-Country African Drilling Blitz as West African Deepwater Gains Global Strategic Currency
Canadian independent Meren Energy is mobilising a sweeping multi-well drilling campaign across Nigeria, South Africa, and Equatorial Guinea, positioning itself…
World First: Crane-Less Wind Turbine Technology Conquers Namibia’s Extreme Winds in Landmark Clean Energy Breakthrough
Spanish company Nabrawind has successfully completed the installation of the first wind turbine using its revolutionary Skylift crane-less system at…
Israel’s Navitas Petroleum Takes Operatorship of South Africa Offshore Block in Major Atlantic Exploration Push
Israel’s Navitas Petroleum has signed a definitive agreement to acquire a 37.5 per cent working interest in Block 1 CBK…
Emirati Firm MCS Group Tapped to Lay Nigeria’s 22-Kilometre Subsea Gas Pipeline in Niger Delta
Abu Dhabi-headquartered MCS Group has been appointed to support the installation of a 22-kilometre subsea pipeline for the FIRST Integrated…
Sintana Energy Raises $11.5 Million to Accelerate Offshore Drilling in Namibia and Angola
Canadian oil and gas exploration company Sintana Energy has raised $11.5 million through a new fundraise, strengthening its capital base…
Capricorn and Cheiron Commit $208 Million to Transform Egypt’s Western Desert into a Revitalised Oil Frontier
The Egyptian General Petroleum Corporation (EGPC), Cheiron Petroleum Corporation, and Capricorn Energy have signed a landmark consolidation and investment agreement…
African Entrepreneurs Create Millions of Jobs Through Innovation
Across Africa, young entrepreneurs are transforming local economies through technology, agriculture, renewable energy, and financial services. Reports released this week…
Nigerian Climate Startups Receive Major Funding Boost
Ten Nigerian companies developing solutions for extreme heat and climate challenges have secured fresh international funding to expand their innovations.…
Clean Energy Investments Expand Across Africa
African countries are attracting new investments into renewable energy and sustainable infrastructure projects. Several new agreements announced recently are expected…