TotalEnergies Locks Up Operatorship of Namibia’s Two Biggest Oil Discoveries in Galp Asset Swap
Namibia has approved TotalEnergies’ offshore asset swap with Galp Energia, handing the French major operatorship of both the Venus and Mopane discoveries and positioning the country to emerge as a significant oil producer before the end of the decade. TotalEnergies chief executive Patrick Pouyanné confirmed Namibia’s Ministry of Industries, Mines and Energy approved the transaction, […]
Sintana Energy’s Namibia Bet Pays Off as Mopane’s Oil Reserves Jump 57% to 1.38 Billion Barrels
Sintana Energy is deepening its position in Namibia’s fast-emerging offshore oil province after operator Galp Energia upgraded gross contingent resources at the Mopane discovery by 57%, to 1.38 billion barrels of oil equivalent, up from an earlier estimate of 875 million barrels. The resource increase followed successful further exploration drilling at Mopane, located in the […]
Nigeria Set to Lead the World in New Refineries, With Capacity Poised to Nearly Quadruple by 2030
Nigeria’s refining capacity could rise to 2.64 million barrels per day by the end of 2030 as 24 refinery projects advance through various stages of development, according to a new report from Industrial Info Resources, which tracks $10.74 billion worth of modular refinery capital spending scheduled for completion between 2026 and 2030. The report said […]
Ivory Coast Refiner Secures €200 Million AfDB Loan to Clean Up Its Fuel
Ivorian oil refiner Société Ivoirienne de Raffinage has secured a €200 million loan from the African Development Bank to finance upgrades that will boost its production of low-sulfur fuels. The financing supports a diesel hydrodesulfurisation complex under SIR’s broader €833 million ‘Clean Air’ project, backed by a consortium of development finance institutions, aimed at expanding […]
Saipem Lands $930 Million in Fresh Eni Contracts, Anchored by Ivory Coast’s Baleine Expansion
Saipem has secured approximately $930 million in new contracts from Eni, led by engineering, procurement, construction and installation work on the third development phase of the Baleine oil and gas field offshore Ivory Coast, in water depths of up to 1,300 metres. The offshore scope covers subsea production infrastructure, flowlines, risers and umbilicals needed to […]
Carlyle, Energean and Others Line Up Bids for BP’s Egyptian Gas Assets as Major Trims Its Portfolio
Dragon Oil, Carlyle Group, Energean and Artemis Energy are among the groups expected to bid for assets in BP’s West Nile Delta natural gas development off Egypt, as the British major works to simplify its portfolio and cut debt and costs. BP produces about 60% of Egypt’s natural gas through joint ventures in the East […]
JMG Cuts Diesel Use With New Hybrid Solar System at Lagos Branch, Saving an Estimated N50 Million a Year
JMG Limited has commissioned an advanced hybrid solar power system at its Victoria Island branch in Lagos, combining 66kWp of solar photovoltaic generation, 80kW of hybrid inverter capacity and 81.92kWh of lithium battery storage to cut the branch’s reliance on diesel generators. The system, engineered using load analysis software and premium components including LONGi solar […]
Galp Weighs a Comeback in Angola as Portuguese Major Eyes Fresh Exploration Opportunities
Portuguese energy company Galp has signalled it could return to Angola’s oil sector, with chief executive João Diogo Marques da Silva confirming the company is actively assessing new opportunities in a market where it previously operated before exiting its exploration and production assets. A return would come as Angola works to attract fresh investment through […]
Angola’s Next Big Offshore Project Takes Shape as FPSO Construction Begins in China
Construction has started in China on the floating production, storage and offloading topside for Angola’s Greater PAJ ultra-deepwater development, being built by Azule Energy, the joint venture between Eni and BP, with first oil targeted for the first half of 2029. Described as Angola’s first integrated cross-block development, Greater PAJ brings together five offshore fields […]
Kenya Fast-Tracks $17 Billion Refinery Plan, With Lamu Emerging as East Africa’s Next Petrochemical Hub
Kenya is accelerating plans for a proposed $17 billion East Africa oil refinery that would position the country as a regional petrochemical and energy hub serving multiple East African markets, with Deputy President Kithure Kindiki leading government engagement with sponsors, including Nigerian industrialist Aliko Dangote. Kindiki said government institutions have been assigned clear mandates to […]