Namibia’s offshore oil industry is entering a defining phase as it advances towards first oil later this decade, with a noticeable shift in leadership across government, regulation and industry. Women are increasingly occupying senior decision-making roles, reflecting broader changes in how the country is structuring governance for its emerging petroleum economy in the Orange Basin….
The proposed Nigeria-Morocco gas pipeline has now reached a critical juncture, with an intergovernmental agreement IGA scheduled to be signed this year. The total cost estimate for the project is valued at approximately $25 billion, and this is a consequence of over a decade of feasibility studies, Front-End Engineering Design (FEED), and negotiations, which have…
The Astron Energy project for large-scale retail transformation has moved forward, and its confirmation is seen in the rebranding of the 700th station as it approaches the last stage of a countrywide implementation. The latest station, which has been rebranded in Villiersdorp, Western Cape province, is a critical milestone in what has come to be…
Saudi Energy has formalised a strategic alliance with Kraken Technologies Limited, advancing its ambitions to embed artificial intelligence across its operations and accelerate digital transformation in the utilities sector.Under the agreement, the parties will establish a Riyadh-headquartered joint venture, alongside Saudi Energy’s acquisition of a minority stake in Kraken. The move signals a targeted shift…
Nigeria’s rising crude oil production is providing the government with greater fiscal flexibility as it continues its economic reform programme, Finance Minister Wale Edun has said. Speaking to Reuters on the sidelines of the IMF and World Bank Spring Meetings in Washington, Edun said output has increased to around 1.8 million barrels per day. The…
Uganda is intensifying its push to become Africa’s newest oil exporter, with the government maintaining that first oil could be realised within the year. However, industry analysts caution that the timeline appears optimistic given lingering execution risks. The East African economy, home to roughly 52 million people, has identified hydrocarbons as a central pillar of…
TotalEnergies has confirmed a new offshore hydrocarbon discovery at the Moho licence in the Republic of Congo, reinforcing the country’s upstream expansion strategy and its ambition to raise production towards 500,000 barrels per day. The find was made at the Moho G structure within the established Moho complex, where drilling encountered an estimated 160-metre hydrocarbon…
South Africa’s downstream fuel sector is poised for a significant realignment as Shell plc advances negotiations to divest its local retail and marketing assets to Abu Dhabi National Oil Company. The transaction, estimated at around $1 billion, would conclude more than a century of Shell’s direct participation in the country’s fuel retail market. Sources familiar…
The Africa Finance Corporation (AFC) has reached financial close on a landmark green financing in Côte d’Ivoire, marking a notable shift in how large-scale energy infrastructure is funded across the region. The institution has disbursed €43 million under the Poro Power Green Bond—recognised as the first project-finance green bond in both Côte d’Ivoire and the…
BP has agreed to acquire a 60% operating interest in three offshore petroleum exploration blocks in Namibia from Canada-based Eco Atlantic Oil & Gas, reinforcing its renewed focus on upstream oil and gas growth. Under the agreement, BP will pay Eco Atlantic $2.7 million in cash for the stake, according to the Canadian explorer. The…
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