The African Energy Bank (AEB) has formally commenced operations to finance oil and gas projects across the continent. With authorised capital of $5 billion (around R82 billion). the institution reaffirms African governments’ determination to secure their own energy future, the African Export–Import Bank (Afreximbank) said in a statement. Established by Afreximbank and the African Petroleum […]
Mauritania’s energy ministry said Tuesday it signed two production-sharing contracts with Murphy Oil for the C10 and Tiof offshore blocks; financial details were not disclosed. Mauritania and Senegal want to use vast offshore gas resources from the Greater Tortue Ahmeyim project, operated by BP with Kosmos Energy, and other fields for liquefied natural gas exports […]
ADES Holding Company, an oil and gas drilling services provider that is part of Saudi Arabia-headquartered ADES Group, has found more work for its 2007-built jack-up rig off the coast of Angola with Cabinda Gulf Oil Company (CABGOC), a subsidiary of the U.S.-headquartered energy giant Chevron. Following a 15-month contract award in June 2024 for […]
Africa accounted for approximately 96% of Italian energy major Eni’s (BIT:ENI; NYSE:E) net global oil and gas production increase in the third quarter of 2026, as the Italian energy major works to expand offshore developments and liquefied natural gas (LNG) capacity while divesting mature assets. Eni produced 939,000 barrels of oil equivalent per day (boepd) […]
DOF Group has been awarded a subsea contract in Africa that it classifies as significant, a category the company defines as worth between $15 million and $25 million. The client, described only as a leading operator, was not named.
From now until 2050, the Organization of the Petroleum Exporting Countries (OPEC) forecasts an increase in global primary energy demand from the current 312 million-barrels-of-oil-equivalent-per-day (mboe/d) to nearly 383 mboe/d in 2050 – an increase of around 23% over the 25-year period, with growth almost entirely coming from developing countries, including Africa. In its 20th […]
According to the Energy Institute’s report, Statistical Review of World Energy, gas makes up 25% of the world’s primary energy supply, but only 17% of primary energy use in Sub-Saharan Africa (SSA), excluding North Africa. After several years of sporadic progress SSA gas is on the verge of a material break-out. This advent and the […]
The Minister of Energy and Green Transition, Dr John Abdulai Jinapor, has called for a balanced approach to Africa’s natural gas development, urging countries to strengthen domestic utilisation while pursuing export opportunities to enhance energy security and economic growth. He said linking natural gas production to power generation, industrial competitiveness and regional energy integration was […]
From multibillion-dollar energy investments and local content development to women’s leadership and Africa’s right to determine its energy future, Marieme Sav Sow delivered a compelling message as senior executives from TotalEnergies, Eskom, Afreximbank and SLB outlined the opportunities and challenges shaping the continent’s energy industry. By Ajong Mbapndah L At African Energy Week (AEW) 2026 […]
THE Africa Gas & LNG Summit (AfGLNG) will take place in Maputo from 11-13 November 2026, bringing together government leaders, energy executives, investors and industry experts to examine how Africa can convert its gas resources into wider economic opportunity. The summit will be held at the Joaquim Chissano International Conference Centre, under the official patronage […]