Tag: African energy

Etu Energias
BusinessHot News

Angola’s Etu Energias targets 100,000 Bpd oil production in 5 years

Etu Energias 100,000 bpd target could reshape Angola’s oil sector as the company expands assets and considers an international IPO.

Timilehin Adejumobi Timilehin Adejumobi
ExxonMobil
BusinessHot News

Angola announces new oil discovery with ExxonMobil, Block 15 Partners

Angola’s 20th oil discovery in Block 15 adds to a field that has produced over 2.7 billion barrels as the country seeks to sustain output.

Oluwatosin Alao Oluwatosin Alao
Etu Energias
BusinessHot News

Etu Energias buys $260 million Chevron stake in Angola offshore block

Etu Energias Chevron Deal is worth $260M as the Angolan company acquires Chevron stakes in Blocks 14 and 14K offshore Cabinda.

Timilehin Adejumobi Timilehin Adejumobi
Sasol commits $36.5 million to local development in Africa by 2030
BusinessHot News

Sasol commits $36.5 million to local development in Africa by 2030

Sasol will invest $36.5 million in local development projects across 70 communities in Mozambique’s Inhambane province by 2030.

Oluwatosin Alao Oluwatosin Alao
Chevron-Equinor-deal-signing
BusinessHot News

Equinor joins Chevron in Namibia offshore block as Africa oil expands

Equinor Namibia offshore oil deal gives the Norwegian energy giant a stake in PEL 90 as Chevron expands exploration in the Orange Basin.

Timilehin Adejumobi Timilehin Adejumobi
Nasan-Energ
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Nasan Energies expands in Namibia with $50 million fuel station deal

Nasan Energies fuel stations deal expands Namibia’s energy sector after acquiring 52 Engen and Shell stations in a $50 million deal.

Timilehin Adejumobi Timilehin Adejumobi
Energy Plant
BusinessHot News

China backs Namibia’s mining, energy and infrastructure growth with new deals

China Namibia mining investment expands as new deals target minerals, energy, infrastructure and economic growth opportunities.

Timilehin Adejumobi Timilehin Adejumobi
Eni awards TechnipFMC major contract for Ivory Coast offshore expansion
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Eni awards TechnipFMC major contract for Ivory Coast offshore expansion

Eni awarded Altera Infrastructure a major FPSO contract to expand Ivory Coast's $4 billion Baleine oil field, boosting offshore oil and gas production.

Oluwatosin Alao Oluwatosin Alao
ADNOC
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ADNOC Distribution expands in Africa with $1 billion Shell South Africa deal

ADNOC Distribution Shell South Africa deal expands its African footprint through a $1 billion acquisition of Shell's fuel business.

Timilehin Adejumobi Timilehin Adejumobi
ExxonMobil
BusinessHot News

Exxon Mobil backs South Africa’s first LNG import terminal

South Africa LNG Import Terminal secures Exxon Mobil support, boosting energy security, LNG imports and power generation.

Timilehin Adejumobi Timilehin Adejumobi
Sonangol E.P Building
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Angola’s Sonangol secures $2.6 billion in foreign financing

Sonangol secures $2.6 billion financing from global lenders to fund growth, refinery expansion and Angola's energy ambitions.

Timilehin Adejumobi Timilehin Adejumobi
Hengli Petrochemical Plant
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China’s Hengli Petrochemical turns to West African oil amid sanctions

Hengli Petrochemical boosts West African oil purchases as sanctions reshape China's crude sourcing and create opportunities for Africa.

Timilehin Adejumobi Timilehin Adejumobi