When the last cubic meter of Russian natural gas ceased flowing through Ukrainian pipelines to Europe on Jan. 1, 2025, it marked more than the end of a five-year transit agreement. It signaled the culmination of a dramatic energy realignment that has quietly elevated Algeria from a secondary European gas partner to a strategic pillar […]
In the deepwater reaches of Namibia’s Orange Basin, 290 kilometers offshore and nearly 3,000 meters below the ocean surface, a transformation is taking shape that could redefine this southern African nation’s economic future. The catalyst is collaboration. As Namibia races toward first oil production by 2029, strategic partnerships between international oil majors, independent explorers and […]
Complex ownership structure, strategic partnerships, and Nigeria’s ambitious plan to transform energy independence through Africa’s largest refinery Deep in the Lekki Free Zone on the outskirts of Lagos, a colossal industrial complex sprawls across 2,500 hectares — an area six times the size of Victoria Island. This is the Dangote Petroleum Refinery, a $20 billion […]
Through flexibility and stability, Angola has become a home for international oil companies securing billions in upstream commitments from global energy majors Over the past decade, Angola has undergone a quiet but decisive transformation. Once viewed primarily through the lens of production decline, the country has repositioned itself as one of Africa’s most stable and […]
Angola’s $4 billion New Gas Consortium and infrastructure revolution position the nation to rival established LNG exporters in Europe and Asia. For decades, Angola treated natural gas as little more than an inconvenient byproduct of its massive offshore oil operations. The gas that bubbled up alongside crude was either pumped back underground to maintain reservoir […]
For more than a decade, Tanzania has sat atop one of Africa’s largest untapped natural gas reserves. Now, after years of false starts, regulatory disputes and political upheaval, the East African nation is on the cusp of unlocking that potential through what would be its largest-ever foreign investment. Tanzania expects to sign agreements before June […]
Uganda’s $4 billion UAE-backed oil refinery aims to cut fuel imports and transform its economy, with construction starting soon. Uganda’s long-delayed ambition to achieve energy independence has been reignited with a massive $4 billion oil refinery project, now backed by the financial muscle of the United Arab Emirates, is moving forward with renewed purpose. The […]
Africa’s oil production is a big part of its economy. In fact, people think about $43 billion will be spent on oil and gas projects in 2025. This shows how important it is. So, which countries are the main players? The top 10 oil producing countries in Africa are Nigeria, Libya, Angola, Algeria, Egypt, Ghana, […]
Mozambique’s ambitious $20 billion liquefied natural gas (LNG) project is now facing increasing scrutiny over human rights concerns, following a series of allegations involving security forces tasked with protecting the venture. As global energy policies shift toward greener alternatives, such scrutiny intensifies the spotlight on how such mega-projects are managed in conflict-prone areas. In recent […]
The CEO of Gabon Oil Company (GOC) is facing significant hurdles in raising $300 million needed to acquire Tullow Oil’s assets in Gabon. This acquisition is crucial for GOC as it seeks to expand its operations and enhance its portfolio in the oil sector. The urgency of securing these funds is paramount to ensure the […]
International crude oil markets are experiencing significant fluctuations as the United States recently imported 320,000 barrels of oil from Libya. This move comes amid ongoing disputes affecting Libyan oil production and broader market concerns regarding demand, particularly from China. Key Takeaways The US imported 320,000 barrels of Libyan oil amidst fluctuating market conditions. Brent crude […]
Karim Bouhout, a prominent Moroccan businessman, is making significant strides in Angola’s oil industry. He is currently in negotiations with Sonangol, Angola’s state oil company, to acquire a stake in the Lobito refinery project and is also exploring opportunities in offshore oil exploration. Key Takeaways Karim Bouhout is negotiating with Sonangol for a stake in […]
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