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…
Williams Olakunle, Founder & President of Tetracore Energy Group, has built one of the fastest-growing integrated gas companies in Nigeria, attributed to the execution and development of infrastructure. Within five years, Tetracore Energy Group has evolved into a high-value energy company with operations involving gas production, transportation, and electricity generation. With experience in legal and…
The African energy landscape is set to benefit from a significant skills development initiative following a new collaboration between Perenco Cameroon, Perenco Gabon, and the UCAC-ICAM Institute in Douala. The partnership will see the establishment of an Industry 4.0 laboratory designed to strengthen the pipeline of technically proficient graduates ready to meet the demands of…
The African Export-Import Bank has formalised its position as a key financial stakeholder in Africa’s evolving energy ecosystem through its partnership with African Energy Week 2026 (AEW), scheduled for 12–16 October in Cape Town. The collaboration reinforces the event’s standing as a central platform for capital mobilisation and deal origination across the oil, gas, power…
Equatorial Guinea is accelerating efforts to establish itself as a regional gas hub, shifting from strategic intent to execution. A suite of agreements signed in early 2026, covering cross-border development, upstream participation and infrastructure utilisation, reflects a focused strategy to monetise gas through existing assets and regional aggregation. This direction will be highlighted at the…
However, Africa’s energy financing model is undergoing a notable shift through the impending establishment of the African Energy Bank (AEB). The project will be one of the highlights of the upcoming Angola Oil & Gas Conference 2026, taking place in Luanda, where participants will evaluate fresh avenues for investment in this sector. This venture was…
As digital transformation is being applied in the electricity sector, it is becoming increasingly clear that there will be a new kind of risk associated with it. In the process of connecting the utility grid to the network, cybersecurity has become an essential element of the system, ensuring its safety and resilience. In their research,…
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