Namibie

VAALCO focuses on Baobab field in Ivory Coast, despite limited production

VAALCO Energy continues to operate the Baobab field by renovating its floating platform, despite modest production. This strategy aims to maintain stable profitability at low cost.

Côte d’Ivoire and Eni strengthen their energy partnership with the Baleine project

Côte d'Ivoire and the Italian group Eni assess progress on the Baleine energy project, whose third phase plans a daily production of 150,000 barrels of oil and 200 million cubic feet of gas for the Ivorian domestic 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.
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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.

Octopus Energy launches $60 million fund for African energy

Octopus Energy Generation announces an initial $60 million fund dedicated to financing energy infrastructure projects in Sub-Saharan Africa, aiming to raise $250 million over three years, in partnership with Pembani Remgro Infrastructure Managers.

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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Petronas cuts 5,000 jobs and exposes contradictions in its African operations

Petronas' workforce reduction reignites questions about internal trade-offs, as the group maintains its commitments in Asia while leaving uncertainty over its operations in Africa.

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.

Côte d’Ivoire launches two 200 MWc solar tenders with integrated storage

The Ivorian government has opened two tenders for 100 MWc photovoltaic plants in Dabakala and Niakaramandougou, each with 33 MWh of storage and 25-year IPP concessions.
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Woodside initiates 65 millions USD arbitration procedure against Senegal

Australian company Woodside Energy has filed a complaint with ICSID against Senegal, challenging a CFA40bn tax reassessment related to the offshore Sangomar oil project.

Axian Energy begins construction of 60 MW solar power plant in Senegal

Axian Energy has launched work on the NEA Kolda solar plant, equipped with a 72 MWh storage system, for a total investment of €105mn ($113.6mn).

Mirova grants $10mn loan to EDF for solar projects in Africa

EDF will strengthen its off-grid platform in Africa with a $10mn loan from Mirova to expand electricity access to 5 million people by 2030.
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Ivory Coast approves $60mn solar power plant in Katiola

The Ivorian government has approved a 25-year concession for an 85,934 MWh solar power plant in Katiola under a public-private partnership with Swiss energy firm JC Mont-Fort.

Essequibo Oil Under Tension: Guyana Monitors Venezuelan Elections ##

As Venezuelan elections approach concerning the oil-rich disputed Essequibo territory, Guyana emphasizes increased vigilance, citing risks to its energy and territorial sovereignty amid Caracas' claims. ##

American firm Yaatra invests $5.1 billion in Côte d’Ivoire oil refinery

Côte d'Ivoire signed an agreement with Yaatra Ventures to build a 170,000 barrels/day oil refinery, a $5.1 billion investment aimed at boosting national refining capacity.
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Guyana imposes full financial liability in case of oil spill

Guyana’s Parliament passed a new law requiring oil operators to provide mandatory financial coverage for damages caused by hydrocarbon spills.

SBM Offshore reports 27% revenue growth in the first quarter of 2025

SBM Offshore posted quarterly revenue of $1,103mn, driven by the Turnkey segment, while maintaining full-year targets and advancing the deployment of its floating units scheduled for 2025.

Chevron sees net profit drop 36% in Q1 2025

Chevron reports a sharp decline in quarterly results, impacted by weak refining margins, stable production and exceptional charges in the United States and the United Kingdom.
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CH4 receives EXIM award for 300 MW gas-to-power project in Guyana

The natural gas-to-electricity project led by CH4 Systems with several partners has been recognised by the Export-Import Bank of the United States for its energy and economic impact in Guyana.

Guinea-Bissau connects to the sub-regional power grid to strengthen its supply

Guinea-Bissau has completed its connection to the sub-regional power grid linking Senegal, The Gambia and Guinea, thereby improving the stability of its capital's electricity supply.

Suriname accelerates offshore oil exploration with strategic investments

Suriname plans to drill at least 10 offshore wells by 2026, with investments estimated at $9.5 billion, aiming to exploit significant oil reserves and attract foreign capital.

Woodside revises upward the oil reserves of the Sangomar field

Woodside Energy has reassessed the reserves of the offshore Sangomar oil field in Senegal, adding 16.2 million barrels of oil equivalent to the proven reserves. This update supports production stability and strengthens the supply to the national refinery.

France Maintains Ban on Oil Exploration in French Guiana

Energy Minister Marc Ferracci reaffirmed his opposition to reopening the debate on oil exploration in France. Despite proposals from Overseas Minister Manuel Valls, the government is prioritizing a decarbonization strategy aligned with its international commitments.
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Senegal launches oil refining with 90,000 tons produced

The Société Africaine de Raffinage (SAR) has announced that it has processed domestically extracted crude oil for the first time. This industrial milestone marks a strategic step in the local valorization of the country's energy resources.

Manuel Valls proposes opening the debate on oil exploitation in Guyana

Manuel Valls calls for a debate on banning oil exploitation in Guyana, while Minister of Ecological Transition, Agnès Pannier-Runacher, opposes, emphasizing the consistency of France's environmental commitments.

Dispute Over Corentyne Block: CGX and Frontera Challenge Guyana’s Decision

The government of Guyana is questioning the validity of the Corentyne Block exploration license held by CGX Energy and Frontera Energy. Facing this situation, the consortium is assessing its legal options to defend its interests in this strategic offshore zone.
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Côte d’Ivoire: PFO Energies launches the 52.42 MWc FERKE SOLAR power plant

The construction of the FERKE SOLAR photovoltaic power plant has begun in Ferkéssédougou. This 52.42 MWc project, led by PFO Energies, represents a $65 million investment and will double the country's installed solar capacity. Completion is expected by the end of 2025.

Tullow Petroleum seeks to reduce debt after failed merger with Kosmos

Tullow Petroleum is focusing on reducing its debt after the cancellation of its merger project with Kosmos Energy. The company is exploring options to lighten its balance sheet and concentrate on its strategic activities.

ExxonMobil Exceeds 4Q Expectations, Chevron Falls Short on Margins

ExxonMobil records a net profit of $7.61 billion in 4Q, surpassing consensus estimates, while Chevron reports results affected by declining refining margins.
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Senegal: A Strategic Gas Pipeline to Monetize Resources from the GTA Project

The Investment Promotion Agency (APIX) and the Senegalese Gas Network (RGS SA) are formalizing a key partnership to develop a gas pipeline network, a crucial step to support the exploitation of the country's natural gas reserves.

Côte d’Ivoire: Oil Production Exceeds Initial Forecasts

Oil and gas production from the Baleine field in Côte d’Ivoire has surpassed expectations, reaching 85,000 barrels per day thanks to the progress of its first two phases, according to the government.

Mauritania and Senegal: A Strengthened Partnership Around Local Gas Content

Senegal and Mauritania bolster their energy cooperation with a groundbreaking agreement on local content within the Grand Tortue Ahmeyim (GTA) gas project, marking a step towards an inclusive and sustainable economy.
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Senegal: Sangomar Exceeds Oil Production Targets for 2024

The offshore oil field Sangomar, operational since June 2024, has surpassed its annual forecasts with 16.9 million barrels produced, strengthening Senegal's strategic energy position.

Mauritania and Senegal Open a First Gas Well with 2.5 Million Tons Capacity

Senegal and Mauritania launch a strategic gas production project with the official opening of a shared well, marking a key step in their regional energy cooperation.

Guyana-Venezuela tensions after military bridge inauguration on Essequibo

Guyana has officially protested against the construction of a military bridge by Venezuela on Anacoco Island, at the heart of the disputed Essequibo territory, a strategic 160,000 km² region.
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ExxonMobil Guyana Finalizes a 535 Million USD Acquisition for an FPSO in Guyana

ExxonMobil Guyana completes the purchase of the FPSO Liza Destiny from SBM Offshore for 535 million USD, strengthening its strategy in the oil industry in Guyana.

Shell and Petronas Accelerate Offshore Projects in Suriname

Shell plans to drill four offshore wells in 2025 in Block 65, while Petronas explores new gas resources in Block 52, highlighting Suriname's energy potential.

The OPEC Fund approves nearly one billion dollars for strategic global projects

The OPEC Fund has validated a financing portfolio totaling nearly one billion dollars in the fourth quarter of 2024, distributed across structuring projects in governance, infrastructure, and trade in several strategic regions.
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The IFC invests $30 million in an energy fund to strengthen its strategy in Africa

The International Finance Corporation (IFC) injects $30 million into Inspired Evolution Fund III, a fund focused on renewable energy, as part of its diversification and expansion strategy in Africa's growing markets.

Katiola: $53 Million for a 50 MW Solar Power Plant in Côte d’Ivoire

A 50 MW solar power plant will be constructed in Katiola, Côte d’Ivoire. Fully financed by Katiola Solar Power, a subsidiary of JC-Monfort, this investment is valued at $53 million.