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ExxonMobil hit by falling prices despite record output in Guyana
The American oil major saw its revenue decline in the third quarter, affected by lower crude prices and refining margins, despite record volumes in Guyana and the Permian Basin.
TotalEnergies requests ten more years and $4.5 billion for its Mozambique project
TotalEnergies is asking Mozambique for a licence extension and financial compensation to restart its $20 billion gas project suspended since 2021 following an armed attack.

Shell pursues ambitions in the Orange Basin despite court ruling

Shell has filed an appeal against the cancellation of its environmental authorisation for Block 5/6/7 off the South African coast, aiming to continue exploration in a geologically strategic offshore zone.
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ExxonMobil receives Mozambique’s president ahead of investment in Rovuma LNG
Daniel Chapo is visiting the United States to encourage ExxonMobil to commit to a major investment in Rovuma LNG, a strategic gas project for Mozambique as TotalEnergies resumes its suspended operations.
Galp aims to secure partner for Namibia’s Mopane field by end of 2025
Portuguese energy group Galp plans to finalise a strategic partnership for its offshore oil project Mopane in Namibia before the end of the year.

Mozambique bets on its energy resources to support industrialisation by 2030

A new International Energy Agency report urges Maputo to accelerate energy investment to ensure universal electricity access and support its emerging industry.
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Azule Energy confirms gas condensate discovery at Volans-1X well in Namibia
The Volans-1X exploration well revealed a 26-metre productive zone in the Orange Basin, marking another hydrocarbon find for Azule Energy partners in 2025.
Namibia High Court confirms ethical breach by NBC in ReconAfrica case
A ruling by Namibia's High Court upheld the media regulator’s decision that the state broadcaster NBC failed to ensure balance in its coverage of ReconAfrica’s oil operations.

Namibia and McDermott join forces to train future oil workforce

The Namibian government signed an agreement with McDermott to strengthen local skills in offshore engineering and operations, aiming to increase oil sector local content to 15% by 2030.
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Sintana Energy acquires Challenger Energy to strengthen offshore assets in Africa
Canada’s Sintana Energy acquires Challenger Energy in a $61mn all-share deal, targeting offshore exploration in Namibia and Uruguay. The move highlights growing consolidation among independent oil exploration firms.
Jihadist attacks resume in Palma, threatening TotalEnergies’ gas project in Mozambique
A jihadist attack targeted Palma, a strategic area in northern Mozambique, marking a return of insecurity near TotalEnergies' suspended gas project since 2021.

Chevron appoints former TotalEnergies executive to lead African exploration

US-based Chevron appoints Kevin McLachlan, a veteran of TotalEnergies, as its global head of exploration, in a strategic move targeting Nigeria, Angola and Namibia.
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McDermott signs strategic partnership with PETROFUND to train Namibia’s energy workforce
McDermott has signed a memorandum of understanding with PETROFUND to launch technical training programmes aimed at strengthening local skills in Namibia’s oil and gas sector.
Mining mergers in Africa: groups strengthen their position on critical metals
Driven by growing demand for strategic metals, mining mergers and acquisitions in Africa are accelerating, consolidating local players while exposing them to a more complex legal and regulatory environment.

Africa aims for local transformation to gain weight in the global energy economy

Opportunities are emerging for African countries to move from extraction to industrial manufacturing in energy technology value chains, as the 2025 G20 discussions highlight these issues.
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Exxon requests security guarantees for Mozambique gas project
Exxon is seeking direct support from the Mozambican government to secure its Rovuma LNG project, as Islamist violence continues to hinder investment in the country’s north.
TotalEnergies postpones Mozambique LNG gas project restart to 2029
TotalEnergies has set 2029 as the restart date for its Mozambique LNG project, frozen since 2021, delaying the exploitation of a strategic investment worth more than $20bn in liquefied natural gas.

European Union unlocks €545mn to modernise African power grids

Nine African countries will receive €545mn ($638mn) in European Union funding to support rural electrification and strengthen regional renewable energy infrastructure.
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Ignite Power joins the $270 million Pro Energia+ programme in Mozambique
The partnership with the World Bank-funded Pro Energia+ programme aims to expand electricity access in Mozambique by targeting rural communities through a results-based financing mechanism.
Uganda builds 2 million barrels of storage to boost oil sector
Backed by flagship projects linked to EACOP and the Tilenga and Kingfisher fields, Uganda aims to lead Africa in new oil storage additions, with a projected impact on its revenues and financial flows by 2030.
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BHP sells 49% of its Pilbara power network to GIP for $2 billion
United States adds 11.7 GW of renewable capacity in Q3 despite uncertainty
Framatome to upgrade critical systems at Columbia nuclear power plant
Plug Power signs with Hy2gen for 5MW electrolyser in France
France and China prepare climate task force to secure nuclear and cleantech
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.
Union Investment removes TotalEnergies from sustainable funds amid Uganda dispute
German asset manager Union Investment has excluded TotalEnergies from its sustainable funds over allegations of human rights violations linked to the EACOP oil project in Uganda, further complicating its international financing.

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.
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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.
TotalEnergies and BWEnergy await final investment decisions on Namibian projects in 2026
Namibia plans to finalise agreements with TotalEnergies for the Venus oil field and with BWEnergy for the Kudu gas field by the end of 2026, according to the country’s petroleum commissioner.

The European Union plans to ban all Russian gas imports by the end of 2027

Brussels announces a full exit from Russian gas by the end of 2027, despite a remaining 9% dependency and pressure on the global liquefied natural gas market.
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Eni confirms major oil discovery offshore Namibia
Eni announced the successful drilling of the Capricornus 1-X well in Namibia's Orange Basin, revealing a significant light oil reservoir after positive production tests.
Galp invests €295mn in Namibia, Brazil and Portugal despite profit decline
Galp recorded a net profit of €192mn in the first quarter of 2025, down 41% year-on-year, while ramping up investments in oil exploration and renewable energy projects in Namibia, Brazil and Portugal.

ReconAfrica signs exploration deal for 5.2 mn oil acres in Angola

Reconnaissance Energy Africa has signed a memorandum of understanding with ANPG to explore 5.2 mn onshore acres in Angola, expanding its operations into the Damara Fold Belt and Rift Basin.
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Eni finalises contract for second FLNG unit at Rovuma worth $2.5bn
Eni is set to award a $2.5bn contract for a new floating LNG unit off Mozambique, aiming to intensify the development of the Coral North gas field.
ReconAfrica targets 365 million barrels in its largest drilling campaign in Namibia
Reconnaissance Energy Africa Ltd. continues preparations at Prospect I, located in licence PEL73 in Namibia, aiming for 365 million barrels of unrisked oil resources.

Sasol restarts strategic gas project in Mozambique for September 2025

Sasol confirms the launch in September 2025 of a key gas project to supply a major power station in Mozambique, following an unexplained delay from the originally scheduled March date.
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TotalEnergies strengthens its global portfolio with three renewable acquisitions
TotalEnergies has completed strategic acquisitions in the wind, solar and hydropower sectors across Europe, Africa and Canada, thereby reinforcing its integrated power business in several key markets.
Uganda finalizes historic agreement to build Hoima oil refinery
After several years of negotiations, Uganda officially signs an agreement to establish the Hoima oil refinery, a central project in the country's energy strategy aimed at reducing dependency on fuel imports.

TotalEnergies supports Mozambican investigation into alleged crimes near gas site

TotalEnergies welcomed the launch of a criminal investigation in Mozambique into allegations of crimes committed by security forces near its suspended gas project in Cabo Delgado province.
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EACOP completes initial funding round despite mounting pressure in Uganda
EACOP has confirmed the closure of an initial tranche of external financing for its 1,443 km pipeline, as several NGOs urge participating banks to withdraw from the project.
CNOOC Limited posts 11.4% rise in net profit for 2024
Chinese oil group CNOOC Limited reported higher net profit for 2024, driven by growing reserves, record production and strict cost discipline.

Support for Mozambique LNG: Washington split over US energy priorities

The $4.7bn financing granted by the US Exim Bank to the Mozambique LNG project reignites tensions in the United States over foreign energy policy and national interests.
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Zelensky: Between Europe and the United States, the Crucial Choice for Ukraine’s Geopolitical Future
Amidst war and geopolitical uncertainty, Ukraine must choose between European influence and the strategic promises of the United States, a choice that could redefine its economic and security future, particularly in terms of natural resources.
TotalEnergies vs NGOs: Frequent Accusations, Rarely Convicted
TotalEnergies faces multiple lawsuits initiated by international NGOs over environmental and social issues related to its global projects. While several cases remain ongoing, the majority have been dismissed or dropped by the courts, questioning their legitimacy.
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