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Category: Petroleum

Zambia Turns to Angola for Fuel Imports to Ensure Supply Stability 1 Mining in Zambia Oil & Gas Petroleum 

Zambia Turns to Angola for Fuel Imports to Ensure Supply Stability

Constance
Zambia is actively considering the importation of fuel from Angola to secure a consistent supply within the country. Rodney Kalota, Director of Petroleum at the Ministry of Energy, announced this development, highlighting the government’s commitment to ensuring a stable fuel supply. Speaking at the Zambia Chamber of Commerce and Industry’s (ZACCI) Energy Breakfast Meeting in Lusaka, Kalota stated, “The government is committed to exploring various measures to ensure a constant fuel supply in the country.” Kalota also reaffirmed the Ministry of Energy’s dedication to President Hichilema’s directive to stabilize fuel… Read More Here
President Bassirou Diomaye Faye Celebrates Senegal's First Oil Production 2 International Oil & Gas Petroleum 

President Bassirou Diomaye Faye Celebrates Senegal’s First Oil Production

Constance
President Bassirou Diomaye Faye witnessed the production of Senegal’s first barrels of oil on the Sangomar platform, marking a historic milestone for the country in the global and African oil industries. Addressing the press, President Faye commended the dedication and efforts of those who believed in the potential of Senegal’s sedimentary basin and worked towards its development. He expressed immense pride in the young Senegalese professionals showcasing their expertise on the platform. “I reiterate my commitment and that of the government to the transparent and equitable management of our natural… Read More Here
Namibia Emerges as a New Frontier for Oil Production in Southern Africa 3 Oil & Gas International Petroleum 

Namibia Emerges as a New Frontier for Oil Production in Southern Africa

Constance
While most oil-producing African nations are located in the Western, Northern, and Central regions of the continent, the Southern and Eastern parts have largely been devoid of this valuable resource. Except for Angola, no Southern African nation has contributed significantly to the global oil market. However, recent discoveries suggest a potential shift, with Namibia poised to become a key player. A report by Reuters revealed that major oil conglomerates have been actively exploring Namibia’s oil potential in recent years. In 2023, the National Petroleum Company of Namibia (NAMCOR) announced the… Read More Here
Zambia Announces Stability in Fuel Supply and Progress on TAZAMA Pipeline Open Access Regime 4 Mining in Zambia Oil & Gas Petroleum 

Zambia Announces Stability in Fuel Supply and Progress on TAZAMA Pipeline Open Access Regime

Constance
Energy Permanent Secretary, Mr. Peter Mumba has provided key updates on the fuel situation in Zambia during a press briefing, emphasizing the country’s ample petroleum and diesel stocks, and urging the public to remain calm. Mr. Mumba highlighted the government’s ongoing efforts to implement an open access regime for the TAZAMA pipeline through a competitive bidding process, which is currently at the award stage.  He noted the importance of this development, particularly as 100% of petroleum products are delivered by road, while 80% of diesel is transported through the TAZAMA… Read More Here
ERB Suspends Exxon Petroleum Energy’s License Over Fraud Allegations 5 Mining in Zambia Oil & Gas Petroleum 

ERB Suspends Exxon Petroleum Energy’s License Over Fraud Allegations

Constance
The Energy Regulation Board (ERB) has suspended the operating license of Exxon Petroleum Energy Limited due to alleged fraudulent practices. The company, owned by Dr. Kafula Mubanga, President of the Oil Marketing Association of Zambia (OMCAZ), faces numerous lawsuits from various companies for failing to supply fuel. Recently, Judge Chilombo Maka ordered Dr. Mubanga to pay Luapula Energy Limited K3,506,195.90 for 52 tankers of petroleum products obtained on credit. Exxon Petroleum Energy Limited failed to clear the outstanding debt and did not defend itself in court. Attempts to recover the… Read More Here
Perenco's Subsidiary Discovers New Oil Reserve in DRC Coastal Basin 6 Mining in DRC Oil & Gas Petroleum 

Perenco’s Subsidiary Discovers New Oil Reserve in DRC Coastal Basin

Constance
In 2024, Perenco’s subsidiary achieved a significant milestone by drilling two exploration wells and discovering an oil reserve in the Moke-East well, situated between the Lukami and Motoba fields in the Democratic Republic of the Congo (DRC) coastal basin. The drilling operations were conducted using the Nuada, a self-elevating class 82 SD-C jack-up drilling rig owned by Dixstone. The well, expected to be completed in the coming weeks, encountered a 24-foot net oil-bearing column, and the discovery will undergo further testing. Frédéric Kiepferle, Perenco’s DRC General Manager, remarked: “Perenco’s offshore… Read More Here
PetroAngola Advocates Angolan Businesses in Angola-DRC Common Interest Zone 7 Mining in DRC Oil & Gas Petroleum 

PetroAngola Advocates Angolan Businesses in Angola-DRC Common Interest Zone

Constance
PetroAngola, under the leadership of Chairman Patrício Quingongo, is urging Angolan entrepreneurs to explore the potential business opportunities emerging from the Zone of Common Interest (ZIC) between Angola and the Democratic Republic of Congo (DRC). Quingongo believes that this initiative presents a unique chance for Angolan companies to spearhead significant segments of the oil market in the DRC. With a keen understanding of the Democratic Congo market, PetroAngola sees Angolans playing a pivotal role, leveraging their expertise and resources to tap into other lucrative regions within the DRC. This ambitious… Read More Here
KBR Secures Management Contract for Lobito Refinery Expansion Project in Angola 8 International Oil & Gas Petroleum 

KBR Secures Management Contract for Lobito Refinery Expansion Project in Angola

Constance
Engineering firm KBR has been awarded a project management contract for the development of the Lobito Refinery, a significant project located in Benguela Province, Angola. With a capacity of 200,000 barrels per day (bpd), this refinery expansion project marks a pivotal moment in Angola’s oil industry. Under the contract granted by Angolan national oil company Sonangol, KBR will oversee the engineering, procurement, and construction (EPC) phase of the project. This agreement solidifies a 20-year partnership between KBR and Sonangol, demonstrating KBR’s continued commitment to the region. Jay Ibrahim, President of… Read More Here
Fuel Smuggling Attempt Thwarted in Cabinda Province 9 Petroleum Mining in DRC Oil & Gas 

Fuel Smuggling Attempt Thwarted in Cabinda Province

Constance
Approximately 7,500 liters of fuel were confiscated last Saturday in Cabinda province by members of the first Border Guard Police Unit, suspected of being smuggled into the Democratic Republic of Congo (DRC). According to a press release from the Institutional Communication and Press Department of the Ministry of the Interior (MININT), the fuel seizure took place at the Tendequele Village Border Post during routine patrols near the land border with the DRC. The fuel, comprising diesel and gasoline, was discovered packed in 300 drums of 25 liters each inside a… Read More Here
Nigeria Leads Shell's Payments to Governments, Receiving Record $4.92 Billion in 2023 10 International Oil & Gas Petroleum 

Nigeria Leads Shell’s Payments to Governments, Receiving Record $4.92 Billion in 2023

Constance
In 2023, Nigeria emerged as the top recipient of payments from Shell, receiving the highest payments in the form of production entitlements, royalties, taxes, and fees amounting to $4.92 billion, marking the highest figure recorded in four years. Shell’s total payments to governments across 27 countries in 2023 amounted to $29.51 billion. Following Nigeria, Oman and Norway ranked as the second and third highest recipients, receiving payments of $4.09 billion and $3.81 billion, respectively. Nigeria’s payout from Shell increased by 8.85 percent compared to the previous year, representing 16.67 percent… Read More Here

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