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USTDA backs Powergas LNG feasibility study to supply northern Nigeria
The US Trade and Development Agency will fund a feasibility study for Powergas Nigeria’s planned small scale LNG plant in southern Nigeria, designed to supply industrial users and remote communities.
Angola’s oil reforms seen as blueprint for attracting upstream investment in Namibia, says AEC
Namibia could strengthen its prospects of becoming a major oil producer by adopting elements of Angola’s upstream reform programme, which has helped restore investor confidence and attract billions of dollars in new energy investment.
Baker Hughes clinches 13-year tubomachinery service deal at Nigeria LNG
The contract will support the operation of NLNG’s Train 7 expansion, which will increase the facility’s LNG production capacity from 22mn to 30mn tonnes per year once completed.
GasHub completes LNG regas facility for Rolls-Royce in Singapore
Singapore-based GasHub has completed an LNG storage and regasification facility at Rolls-Royce’s Seletar Campus in the Asian country and begun supplying the site with LNG.
US LNG player MidOcean gets $1.1bn backing from UAE royal family member
The companies also plan to collaborate on future investments in energy and related infrastructure across the region.
Scottish MP splits goes further than ruling party in support for new oil and gas projects
The politician said they would support Scottish jobs, strengthen domestic energy security and help sustain the industrial base needed to develop renewable energy.
European prices spike on Trump claim that Iran deal is over
European natural gas prices jumped in early July 8 trading after US President Donald Trump said an interim agreement to end the war with Iran was “over”, reviving concerns over LNG shipments through the Strait of Hormuz.
Ukraine launches next phase of tender for 1.5 GW of flexible power capacity
Ukraine has launched the next stage of a competitive tender to develop more than 1.5 gigawatts (GW) of new flexible electricity generation capacity.
Argentina awards $700mn in battery storage projects to boost electricity grid
Argentina has awarded 20 battery energy storage projects with a combined capacity of 700.5 megawatts (MW), representing an estimated investment of $700mn, as the government seeks to reinforce the national electricity system.
OMIFCO lists on local bourse after Oman’s largest-ever IPO demand
Oman India Fertiliser Company SAOG (OMIFCO), one of Oman’s leading fertiliser producers, has successfully completed its initial public offering (IPO) and commenced trading on the Muscat Stock Exchange (MSX).
Nigeria’s NNPCL signs LNG and industrial gas deals linked to more than $20bn in investment
NNPC Ltd has signed gas sale and purchase agreements linked to more than $20bn in investment, covering LNG feed gas and domestic industrial supply as Nigeria seeks to boost oil and gas output.
Nigeria's oil producers seek PIA review as tax burden tops 270 levies
Nigeria's indigenous oil producers have urged the government to review the Petroleum Industry Act (PIA) and reduce more than 270 taxes and levies they say are undermining investment
Pakistan’s energy pivot: Iranian oil today, renewables tomorrow
Renewables and nuclear power are expected to play a larger role in Pakistan’s electricity mix in the coming years, helping to limit exposure to global fuel price swings and geopolitical disruptions.
Mozambique sees economy growing 9.5% by 2029 on LNG projects
Mozambique expects its economy to grow by an average of 4.9% a year from 2027, with growth accelerating to 9.5% in 2029 as major liquefied natural gas (LNG) projects come on stream, Lusa reported on July 8.
Low-cost deepwater barrels keep Guyana and Brazil at the centre of FPSO investment
Low production costs are reinforcing Guyana and Brazil's position as leading global deepwater oil producers, with MODEC identifying both countries as priority markets for continued FPSO investment despite oil price uncertainty.
Mozambique sees economy growing 9.5% by 2029 on LNG projects
Mozambique expects its economy to grow by an average of 4.9% a year from 2027, with growth accelerating to 9.5% in 2029 as major liquefied natural gas (LNG) projects come on stream, Lusa reported on July 8.
Colombia looks to Guyana as incoming government prioritises gas and regional security
Colombia's incoming government is positioning Guyana as a key strategic partner, combining gas sector cooperation with regional security as Bogotá seeks to revive hydrocarbons investment and strengthen its diplomatic influence.
Suriname faces shrinking window to build local capacity before offshore oil production
Suriname has less than two years to strengthen local content rules, workforce skills and institutional capacity before offshore oil production begins in 2028. Industry leaders warn the current pace of preparation is insufficient.
Suriname tests investor appetite with first challenge round under revamped offshore licensing model
Suriname has opened a competitive bidding window for the DW WEST offshore block in Sector 4, providing the first major test of its flexible open door licensing model as it seeks to expand exploration beyond GranMorgu.
Trinidad targets oil recovery through mature fields as output forecast rebounds by 2029
Trinidad and Tobago expects oil production to recover to 74,600 b/d by 2029 as mature field optimisation, enhanced recovery techniques and targeted drilling reshape the country's upstream strategy.
Nigeria's Oando FY2025 pre-tax profit falls 64.6% despite higher production
Oando Plc (NGX: OANDO; JSE: OAO) has reported a 64.6% decline in FY2025 pre-tax profit to NGN135.76bn ($99.02mn) as weaker revenue, a gross loss and higher finance costs weighed on earnings despite stronger oil and gas production.
Renaissance makes major offshore oil discovery in Nigeria, targets production growth
A major offshore oil discovery by Renaissance Africa Energy Company Limited in Nigeria's OML 74 is expected to support higher crude oil production, strengthen reserve replacement and accelerate the development of new output
TechnipFMC wins Eni subsea contract for Baleine Phase 3 off Côte d’Ivoire
TechnipFMC will supply flexible flowlines and risers for Eni’s Baleine Phase 3 development offshore Côte d’Ivoire, a contract valued at $75mn-$250mn.
US-Iran ceasefire 'over', Trump says after fresh strikes
US President Donald Trump has said the US-Iran ceasefire is "over" after renewed strikes, telling reporters at the Nato summit in Ankara he does not want to deal with Iran.
Tanzania allocates $9.52mn to geothermal drilling as it advances renewable energy plans
Tanzania has allocated $9.52mn to the state-owned Tanzania Geothermal Development Company (TGDC) in the 2026/27 financial year to accelerate geothermal exploration, with funding earmarked for drilling and resource confirmation.
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