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Mozambique

ReconAfrica advances drilling of Kavango West 1X well in Namibia
Reconnaissance Energy Africa continues drilling its Kavango West 1X exploration well with plans to enter the Otavi reservoir in October and reach total depth by the end of November.
Sweden lifts uranium mining ban to revive nuclear industry
Stockholm plans to restart uranium extraction by lifting the 2018 ban, aiming to secure strategic supply chains and support domestic nuclear electricity production.

South African court blocks TotalEnergies oil project off Cape coast

The South African judiciary has revoked TotalEnergies’ authorization to explore a 10,000 km² offshore block, forcing the group into a new procedure that includes a public consultation.
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Mozambique: TotalEnergies Faces Security Dilemma Before LNG Project Restart
Jihadist attacks in Cabo Delgado displaced 59,000 people in July, threatening the restart of the $20 billion gas project planned for August 2025.
Tanzania and Russia launch a $1.2bn uranium plant in Namtumbo
Tanzania, together with Russia, is starting construction of a uranium plant in Namtumbo for $1.2bn, aiming to boost mining revenues and secure a place in the global nuclear industry.

BW Energy secures the Deepsea Mira rig for drilling the Kudu well in Namibia

BW Energy and NAMCOR E&P announce the engagement of the Deepsea Mira rig for drilling the Kharas appraisal well on the Kudu field, offshore Namibia, with a campaign scheduled for the second half of 2025.
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Mozambique seeks Russian companies’ participation in natural gas development
Mozambique aims to strengthen the presence of Russian companies in natural gas exploration and production as the country looks to diversify its partnerships in the natural resources sector.
SEGULA Technologies accelerates its growth in Africa with a new office in South Africa
SEGULA Technologies opens an office in Cape Town, strengthening its presence in the African market and targeting expansion in energy, rail, and automotive sectors, in partnership with South African industrial firm AllWeld.

TotalEnergies in Mozambique: $4.7 bn US loan challenged in court by NGO

TotalEnergies’ Mozambique LNG gas project is at the centre of a legal challenge in Washington, following the approval of a $4.7 bn loan by the US Exim Bank, amid security concerns and opposition from civil society groups.
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Technip Energies signs major contract for floating natural gas unit in Africa
Technip Energies has secured a contract to lead preparatory works for a floating liquefied natural gas unit in Africa, confirming its presence in the international gas infrastructure market.
Sierra Leone launches extensive offshore oil exploration with 60 potential blocks
Sierra Leone relaunches an ambitious offshore exploration campaign, using a 3D seismic survey to evaluate up to 60 potential oil blocks before opening a new licensing round as early as next October.

Globeleq launches South Africa’s largest energy storage facility

Globeleq and African Rainbow Energy finalise commercial agreements for a 153 MW energy storage project in South Africa, aimed at enhancing national grid stability and optimising peak energy management.
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NamPower launches $90.3mn solar power plant to secure Namibian energy
Namibia begins construction of its largest solar plant, Sores|Gaib, aiming to reduce dependence on energy imports by leveraging its solar potential, considered among the highest globally according to the World Bank.
TotalEnergies plans to restart its Mozambique gas project by summer 2025
After four years of interruption due to regional insecurity, TotalEnergies announces the upcoming resumption of its liquefied natural gas project in Mozambique, representing a $20bn investment.

ExxonMobil tops upstream explorer ranking according to Wood Mackenzie

ExxonMobil has been named the most admired upstream exploration company in Wood Mackenzie’s latest annual survey, recognised for its performance in Guyana and its ability to open new resource frontiers.
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Petrobras enters exclusive talks for nine offshore blocks in Côte d’Ivoire
The Brazilian oil group secured approval from Abidjan to begin negotiations for exploring nine deepwater blocks as part of its business partnerships strategy in Africa.
South Africa Seeks US Support to Exploit Shale Gas Reserves
South Africa aims to revive the exploitation of its shale gas reserves by seeking technological and commercial support from the United States, proposing a major purchasing agreement for American liquefied natural gas.

Namibia appoints former Chevron executive to lead its oil strategy

Carlo McLeod joins the new presidential unit dedicated to hydrocarbons as Namibia centralises oil sector governance under the head of state.
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TotalEnergies maintains its strategy despite economic pressures and activism
Patrick Pouyanné reassures shareholders by confirming TotalEnergies' strategic direction, combining hydrocarbons and low-carbon electricity, despite an unstable economic environment and climate activist protests in Paris.
Africa Oil doubles production with Prime and issues $25mn dividend
Africa Oil completed the integration of Prime, doubling its production and reserves, while declaring a second quarterly dividend of $25mn supported by strong cash generation.
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Ecoener commissions Guatemala’s largest solar plant with 74.7 MWp
Coal India launches 5 GW of solar and wind projects across the country
Terra Firma Energy strengthens its position with SGN’s hydrogen trial
Zefiro completes carbon credit delivery to EDF Trading for 92,956 tonnes of CO2
Orazul Energy launches cash tender offer for its 2027 notes
Namibia: Africa Oil Expands with the Drilling of Marula-1X
Africa Oil Corp. and its investee Impact Oil & Gas are accelerating their offshore operations in Namibia. Following the drilling of Tamboti-1X, work continues with Marula-1X, targeting Albian reservoirs. The Venus project, scheduled for 2026, could mark a key milestone.
Cameroon finalizes a 15-million-dollar oil agreement with Tower Resources
Cameroon welcomes a new strategic agreement between Tower Resources and Prime Global Energies, mobilizing 15 million dollars to develop the NJOM-3 well, a key offshore oil project planned for 2025.

Namibia: Owambo Basin Emerges as a New Oil Promise After Orange

Seismic analyses confirm a promising oil potential in Namibia's onshore Owambo Basin. Independent explorer Monitor Exploration Ltd is preparing a strategic plan to exploit these resources starting in 2025.
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Sturdee Energy and Frans Indongo finance two 20 MW solar projects in Namibia
Sturdee Energy and Frans Indongo finalize a USD 28 million financing for two 10 MW solar projects in Namibia. The energy produced will reduce carbon emissions and address the growing demand for electricity.
Namibia: Mining Companies as Drivers of Economic and Social Development
China General Nuclear Power Corporation (CGN), in partnership with Africa Policy Institute, publishes a report detailing the contribution of mining companies to Namibia's economic and social progress while exploring their challenges and opportunities.

South Africa: TotalEnergies Accelerates Exploration in the Deep Water Orange Basin

TotalEnergies strengthens its strategy in South Africa with an environmental impact study for the Deep Water Orange Basin block, a strategic offshore area, despite persistent environmental controversies.
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Namibia: Woodside Energy could join offshore oil exploration in 2025
Namibia's booming oil sector, bolstered by significant discoveries, could welcome Woodside Energy, which holds an option to engage in the offshore permit PEL 87 by May 2025.
Africa Oil strengthens its strategic shareholding in Impact Oil: 39.5% of shares acquired
Africa Oil Corporation increases its stake in Impact Oil & Gas to 39.5%, consolidating its investment strategy in the Orange Basin of Namibia, a key region for the oil sector.

Africa Redefines Its Refining Future: Opportunities and Challenges Amid Global Competition

Despite pressure on refining margins, Africa is accelerating refinery projects to meet growing demand and enhance energy security, while facing competition from global giants.
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Namibia: An IEA Report Highlights the Potential of Energy Transition for Economic Growth
A new report from the International Energy Agency reveals that Namibia could boost its socioeconomic development by capitalizing on its renewable resources, provided effective support policies are implemented.
Malawi: Fuel Rationing Sparks Concerns Over Food Security
Facing a severe fuel shortage due to a lack of foreign currency, Malawi has implemented rationing measures, raising fears over food security and the stability of the agricultural and economic sectors.

Niger denounces Orano’s suspension of uranium production

The Nigerien junta criticizes Orano's suspension of activities, claiming the decision harms stakeholder commitments and lacks transparency, according to a document from the state-owned company Sopamin.
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A Funding Provider Proposes Key Financing for the Thali Oil Project in Cameroon
The Thali oil project of Tower Resources in Cameroon receives a major financing offer that could unlock crucial advancements, conditional on obtaining an essential license extension.
Namibia: A 20 MW Solar Plant Without State Guarantees for an Innovative Energy Model
Solarcentury Africa and Sino Energy launch a pioneering solar project in Namibia without long-term purchase agreements, marking a significant advancement for renewable energy in Southern Africa.

Galp’s New Drilling Campaign: A Bold Bet in Namibia’s Orange Basin

Galp has launched a new drilling phase to assess the potential of Mopane, off the coast of Namibia, marking a turning point for the development of what could become the country’s largest oil discovery.
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Supermajors Vie for Stake in Galp’s Massive Mopane Oil Discovery in Namibia
The world's largest oil companies are competing to secure a share of Galp's significant Mopane oil discovery in Namibia's Orange Basin, estimated at 10 billion barrels of oil equivalent.
McDermott Wins FEED Contract for Rovuma LNG Project in Mozambique
McDermott, in partnership with Saipem and China Petroleum Engineering, will lead the preliminary design of the first phase of the Rovuma LNG project, backed by ExxonMobil, Eni, and CNODC. The project aims for an annual production of 18 million tons of LNG.

Petrobras expands in Africa: New opportunities in Namibia and Angola

After a temporary withdrawal, Petrobras is reinvesting in Africa with key holdings in São Tomé and Príncipe, and plans additional projects in Namibia and Angola, thus strengthening its position in the African oil market.
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Technip and JGC carry out the engineering for the Rovuma LNG project in Mozambique
Technip and JGC Corporation have been commissioned to carry out the engineering for the Rovuma LNG project, an important milestone in the finalization of the project. The aim is to lay the foundations for a final investment decision expected in 2025.
TotalEnergies targets production of 220,000 barrels/day in Suriname
TotalEnergies launches the development of the Gran Morgu field offshore Suriname. An FPSO will be installed, with discussions underway to integrate Petrobras into the project.
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