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UK: Equinor, Shell Combine UK Assets To Form New Company

Two of Europe’s largest oil and gas firms, Equinor and Shell, have completed a deal to combine their UK offshore oil and gas operations to form a new company known as Adura. The new company, launched on Monday, will be the UK North Sea’s largest independent producer. Adura CEO Neil McCulloch, who brings more than 30 years of experience in the energy sector, said: “It’s a rare privilege to be part of a company’s first chapter. A commitment to safety, a belief in the future of the North Sea, and the combined expertise from Equinor and Shell form the foundation of our exciting new company. I can’t wait to begin working with this exceptional team.” Adura, jointly owned by Shell (50%) and Equinor (50%), brings together decades of North Sea expertise into a joint venture positioned to deliver a more cost‑competitive portfolio and maximize long‑term value for UK assets. Shell’s Executive Vice President for Conventional Oil & Gas, Rich Howe, said: “Forming the largest independent producer together with Equinor is a historic moment for our business and the UK energy industry. With an exceptional asset base and industry‑leading expertise, Adura is well‑positioned to lead in this mature basin.” Equinor’s Executive Vice President for Exploration and Production International, Philippe Mathieu, added: “Adura represents a new chapter in the UK North Sea, bringing together two strong portfolios and decades of experience. With the focus, scale and operational flexibility needed to succeed, the company is positioned for long‑term impact. As owners, we are confident that Adura will generate long‑term value and reinforce the UK North Sea’s role in meeting the country’s energy needs.” Adura assumes Equinor and Shell’s interests in 12 producing oil and gas assets and projects in execution, including Mariner, Rosebank, Buzzard, Shearwater, Penguins, Gannet, Nelson, Pierce, Jackdaw, Victory, Clair and Schiehallion. It also holds a number of exploration licences. The company is headquartered in Aberdeen. Staff from both Shell and Equinor have transferred into Adura, ensuring that industry‑leading expertise is retained.

Ghana: BOST Energies Company Limited Wins Petroleum Company Of The Year Award

Ghana’s strategic fuel stock-keeping company, BOST Energies Company Limited (BOSTenergies), was on Friday crowned the Petroleum Company of the Year at the 9th Ghana Energy Awards, held at the Labadi Beach Hotel in Accra. The award solidifies the company’s position as a leader in the energy sector, embracing dynamism, innovation, continuity, and adaptation to changing global trends. This esteemed recognition highlights BOSTenergies’ outstanding contributions to the energy industry, showcasing its commitment to excellence and innovation in the petroleum sector. The company emerged winner after beating Petrosol, Platinum Energy, Ghana National Gas Company Limited, Eni Ghana Exploration & Production, GOIL PLC, and JK Horgle Transport and Company Limited. In a statement issued, the company said the Board, Management, and staff of BOSTenergies were thrilled with the win, dedicating the award to their esteemed customers, partners, and stakeholders who have supported them on this journey. The Ghana Energy Awards celebrates the country’s top performers in the energy sector, providing a platform for industry leaders to network and share insights. “BOSTenergies’ win is a testament to its hard work and dedication to delivering quality energy solutions that secure and power Ghana’s energy future and sustainability. “The company looks forward to continuing its excellent service delivery, driving growth and development in Ghana’s energy industry,” the statement assured.

Nigeria: TotalEnergies To Sell 40% Stake In Two Exploration Licenses To Chevron

TotalEnergies, the French oil and gas supermajor, has announced plans to sell a 40% stake in two offshore exploration licenses in Nigeria to Chevron. The move is aimed at strengthening collaboration between the French and U.S. energy giants, the company said on Monday, as reported by Reuters. If the sale is completed, TotalEnergies will remain the operator of the asset with a 40% participating interest, alongside Chevron, also with 40%, and South Atlantic Petroleum with 20%. Nigeria accounts for more than a third of TotalEnergies’ oil and gas production in Africa and 8.5% of its global hydrocarbons output, although its production in the country has declined by a quarter over the past two decades. The company is now streamlining its African portfolio, focusing on assets it operates while seeking new sources of supply. “This new joint venture aims at derisking and developing new opportunities in Nigeria … to unlock new resources in the West Delta basin,” Nicola Mavilla, TotalEnergies’ Senior Vice President of Exploration, said in a statement. In June, Chevron sold TotalEnergies a 25% interest in a portfolio of 40 U.S. federal offshore leases for an undisclosed amount, as part of an exploration partnership between the two majors.

Ghana: Institutions Of Engineers & Technology Ghana Honours Managing Director Of Tema Oil Refinery Ltd.

The Institutions of Engineering & Technology (IET), Ghana, has honoured the Managing Director of Tema Oil Refinery (TOR) Ltd., Edmond Kombat Esq., for his outstanding leadership and unwavering commitment to revamping the state-owned refinery and restoring its core mandate of processing crude oil. Mr. Kombat received a special plaque at the Institute’s 29th Annual General Meeting and Induction Ceremony held on 27th November, 2025. In October, the Institute paid an official visit to the refinery to assess progress as TOR undertook a comprehensive turnaround maintenance programme to revive operations. During the visit, the delegation was impressed to discover that all ongoing works were being executed by local engineers—many of whom are members of the Institute. The delegation commended the TOR Managing Director for his confidence in Ghana’s engineering professionals and expressed deep admiration for the level of expertise demonstrated by the workforce. Mr. Kombat, who had initially been invited only as a Guest of Honour, expressed his deep appreciation for the unexpected recognition. He thanked the Institute for acknowledging his efforts and reaffirmed TOR’s commitment to empowering Ghanaian professionals. In concluding his remarks, he stressed that “TOR’s problem over the years has not been about the engineers, but rather a lack of effective leadership.” He further noted that “all the human capacity we need to transform Ghana is here in the country,” reaffirming his belief in Ghana’s technical talent and the importance of strong leadership in unlocking the nation’s potential.      

Ghana: VRA CEO Ing. Obeng-Kenzo Named Energy Personality Of The Year At 9th Ghana Energy Awards

The Chief Executive Officer of the Volta River Authority (VRA), Ing. Edward Ekow Obeng-Kenzo, was on Friday night honoured with the prestigious Male Energy Personality of the Year award at the 9th edition of the Ghana Energy Awards, held at the Labadi Beach Hotel in Accra, the capital of Ghana. The annual event, organised by the Energy Media Group and endorsed by the Ministry of Energy and Green Transition, celebrates the achievements of CEOs, managing directors, energy-sector professionals, policymakers, business leaders, academic institutions, and civil society organisations driving policy reforms and innovation in the energy sector. Ing. Obeng-Kenzo received overwhelming applause from industry players and scores of VRA staff present at the event as he walked to the stage to receive his award. The honour was presented by Dr. Lawrence Tetteh, renowned international evangelist and member of the awarding panel; Mr. Kwame Jantuah, Chairman of the awarding panel of the Ghana Energy Awards; with support from Hon. Richard Gyan-Mensah, Deputy Minister for Energy and Green Transition. In his remarks, Ing. Obeng-Kenzo dedicated the award to the hardworking staff of VRA and its Board Chairman, Ing. Jabesh Amissah-Arthur, praising his exemplary leadership and strategic guidance. He reaffirmed VRA’s commitment to ensuring continuous power generation to support Ghana’s socio-economic development.
Ing. Edward Ekow Obeng Kenzo shook hands with Hon. Richard Gyan‑Mensah, Deputy Minister for Energy and Green Transition.
“I promise the ministry and Ghanaians that we will work hard to keep the lights on for economic development,” he assured. The VRA CEO emerged winner ahead of ten other nominees in the category. He received a plaque, a citation, and a stool — a traditional symbol of leadership. Ing. Obeng-Kenzo has twenty-four years of experience in the power sector. He holds a Master’s Degree in Public Administration (MPA) and a Bachelor of Science (BSc Hons) in Mechanical Engineering from the Kwame Nkrumah University of Science and Technology. He is also a member of the Ghana Institution of Engineering. Before his appointment as CEO, he served in various leadership roles, including Deputy Chief Executive (Engineering & Operations), Director of the Thermal Generation SBU, Plant Manager of the Tema Thermal Power Complex (TTPC), Operations Manager at TTPC, and Project Manager for the Tema Thermal 2 Power Project (49.5MW Siemens Emergency Power Plant).   Meanwhile, the Volta River Authority also won the Health, Safety, Security and Environment (HSSE) Excellence Award, recognising its strong commitment to workplace safety, environmental stewardship, and operational excellence.

Kazakhstan Tells Ukraine To Stop Attacking CPC Terminal After Oil Exports Halted

Kazakhstan told Ukraine on Sunday to stop attacking the Black Sea terminal of the Caspian Pipeline Consortium, which handles more than 1% of global oil, after a major drone attack halted exports and seriously damaged loading infrastructure. The CPC, which includes Russian, Kazakh and U.S. shareholders, said it had halted operations after a mooring at its Russian terminal on the Black Sea was significantly damaged by a Ukrainian naval drone attack. Ukraine this year mounted wave after wave of attacks on Russia’s oil refineries and crude oil terminals in an attempt to undermine one of the most important sources of income for the Russian war economy. Kazakhstan’s foreign ministry said the drone attacks were the third such series of attacks on what it called “an exclusively civilian facility whose operation is safeguarded by norms of international law.” Kazakhstan “expresses its protest over yet another deliberate attack on the critical infrastructure of the international Caspian Pipeline Consortium in the waters of the Port of Novorossiysk,” the ministry said. “We view what has occurred as an action harming the bilateral relations of the Republic of Kazakhstan and Ukraine, and we expect the Ukrainian side to take effective measures to prevent similar incidents in the future.” Ukraine said its actions were not directed against Kazakhstan or third parties and were only aimed at repelling what it called “full-scale Russian aggression”. “Ukraine hits back at the aggressor,” Ukraine’s foreign ministry said. CPC accounts for about 80% of oil exports from OPEC+ member Kazakhstan, which exported about 68.6 million tons of oil last year. It brings crude from the Tengiz, Karachaganak and Kashagan fields of Kazakhstan to the Yuzhnaya Ozereevka terminal at Novorossiysk. CPC’s main suppliers are fields in Kazakhstan but it also collects crude from Russian producers. The CPC’s 1,500 km (930 mile) pipeline includes Russian, Kazakhstan’s state-owned KazMunayGas, and units of Chevron (CVX.N), Russia’s Lukoil (LKOH.MM) and ExxonMobil as shareholders. CPC said on Saturday that a November 29 naval drone attack on its terminal had “significantly damaged” Single-Point Mooring (SPM) 2 – essentially a floating buoy which connects to tankers to load oil. “Further operation of Single Point Mooring 2 is not possible,” CPC said. “Loading operations and other operations were stopped (and) tankers were withdrawn from the CPC water area.” “We believe that the attack on the CPC is an attack on the interests of the CPC member countries,” CPC said. Ukraine says its attacks on infrastructure deep inside Russia are justified as it is fighting for its existence in what it casts as an imperial-style war launched by Russia which has targeted Ukraine’s energy sector ahead of winter. Russia’s foreign ministry says the Ukrainian attacks amount to “acts of terrorism” and Russian officials say European powers are engaged in a hybrid war against Russia, which includes using Western intelligence agencies to help Kyiv target infrastructure deep inside Russia. The ministry said the attacks threaten freedom of navigation in the region.

Ghana: Stop Rushing To Accident Scenes Involving Fuel Tankers To Siphon Fuel – NPA Warns

Ghana’s petroleum downstream regulator, the National Petroleum Authority (NPA), has cautioned the public against rushing to siphon fuel from Bulk Road Vehicles (BRVs), popularly known as fuel tankers, involved in road accidents. It has become a worrying trend in the West African nation that whenever a fuel tanker is involved in an accident, some residents rush to the scene to collect fuel leaking from overturned or damaged vehicles. Speaking at the National LPG Forum in Accra on Thursday, November 27, the Chief Executive Officer of the NPA, Godwin Edudzi Tameklo, described the practice as extremely dangerous and a major threat to public safety. He noted that incidents involving fuel and LPG tankers are highly volatile and expose people to severe risks. “The major accidents that have occurred within the downstream often tend to be associated with LPG. I want to use this platform to encourage as many of our countrymen and women that when an LPG or fuel tanker is down, please don’t go with your gallon or cylinder,” he said. “Your life is more important than GHȼ200 or GHȼ250. If you have life, you can always get the GHȼ250. But you go and fetch petroleum products simply because there is an accident. Beyond it being a question of theft, why do you want to risk your life? At that point, anything can happen,” Mr Tameklo cautioned. According to him, when a tanker carrying thousands of litres of highly combustible product is compromised, any spark—from a dropped metal canister, a running engine, or even static electricity—can trigger a massive explosion. LPG, in particular, poses an even greater threat. It is stored under pressure and, when released, rapidly forms an invisible cloud of gas heavier than air, settling in low-lying areas. This gas cloud is highly flammable and can be ignited by a source far from the crash site.    

Ghana Gas CEO Named Female Energy Personality Of The Year

The Chief Executive Officer of the Ghana National Gas Company, Ms. Judith Adjobah Blay, was on Friday night crowned Energy Female Personality of the Year at the 9th edition of the prestigious Ghana Energy Awards, held at the Labadi Beach Hotel in Accra, the capital of Ghana. She beat Kate Quartey-Papafio (Chairperson of Reroy Group), Victoria Emefa Hardcastle (Chief Executive Officer, Petroleum Commission) and Nana Yaa Jantuah, Presidential Staffer, to emerge the winner. Accompanied by some staff of Ghana Gas, Ms. Adjobah Blay walked to the stage, where she was decorated by renowned evangelist and Awards Panel Member Dr. Lawrence Tetteh, and presented with a plaque by Hon. Richard Gyan-Mensah, Deputy Minister for Energy and Green Transition, as well as a stool symbolizing leadership. Commenting on the award, Ms. Adjobah Blay, beaming with smiles, thanked the organisers for recognising her contributions to the energy sector and honouring her. She acknowledged that her role is a technical one, yet as a non-technical person, she accepted the challenge to lead, humbled herself, and committed to learning as much as she could. “Today, Ghana Gas is on a certain path,” she stated. Since her appointment in March 2025, Ms. Judith Adjobah Blay has been rallying staff and working tirelessly to ensure efficiency in the company’s operations while cutting waste. During the recent shutdown maintenance of the company’s Atuabo Gas Processing Plant, Ms. Adjobah Blay worked from both the company’s head office in Accra and the plant in the Western Region, helping to complete the exercise ahead of schedule. With over two decades of experience in Ghana’s energy sector, Judith Adjobah Blay is the first female to assume the role of CEO at Ghana Gas since the company’s inception. She is recognised for her expertise in strategic growth, regulatory compliance, and local content development. Prior to her appointment, she served as Manager of Community Relations at the Petroleum Commission, where she integrated ESG (Environmental, Social, and Governance) principles into industry strategies. She also played a key role in procurement and supply chain management at the Bui Power Authority and contributed to large-scale energy reforms as a Project Coordinator at the Ministry of Energy. Ms. Adjobah Blay is a chartered member of the Chartered Institute of Procurement & Supply (CIPS-UK) and holds an MA in International Transactions from George Mason University (USA), an MSc in Procurement & Supply Chain Management from KNUST, and a BA in French and Linguistics from the University of Ghana. She is also pursuing an LLM in Public Procurement Law & Policy at the University of Nottingham.

UK Court Dismisses Oceana’s Challenge To Oil And Gas Exploration Licences

A London High Court on Friday dismissed a lawsuit brought by campaigners against the UK government’s decision to issue over two dozen oil and gas exploration licences, according to Reuters.

Oceana UK, the marine conservation organisation that filed the suit, had argued that the government failed to properly assess the risk to protected marine life. However, the court held that the UK government’s decision was lawful. The licences were issued as part of the North Sea Transition Authority’s oil and gas licensing round and grant their holders the right to search for fossil fuels. Although an exploration licence does not necessarily lead to production, Oceana’s lawyers said in court filings that the licences provide “a clear pathway towards extracting oil and gas”. Counsel for Oceana, Zoe Leventhal, said the wider impact should be considered at the licensing stage, when authorities can assess “all the sites across all the areas at the same time”. Britain’s Department for Energy Security and Net Zero, however, argued that it was not possible to know the impact on climate change before the scale of any production was known. Judge Tim Mould dismissed Oceana’s challenge but said any adverse impact on marine habitats caused by developments must be assessed at every stage. Hugo Tagholm, executive director of Oceana UK, said the government must make clear — as it did in court — that honouring existing licences does not guarantee that consent for production will be granted. Oceana’s case comes after the British government dropped its defence in other challenges following a Supreme Court ruling that planning authorities must consider the impact of burning, rather than just extracting, fossil fuels when approving projects. This included the approval of two major North Sea oil and gas fields, which was overturned by a Scottish court in January, casting doubt on the future of new fossil fuel projects.  

ADNOC Gas Seals $4 Billion, 20-Year Natural Gas Supply Deal With EMSTEEL

ADNOC Gas has signed a long-term agreement valued between $3.5 billion and $4.2 billion to supply lower-carbon natural gas to EMSTEEL, one of the UAE’s largest integrated steel and building materials manufacturers. The 20-year contract, effective Jan. 1, 2027, secures feedstock for EMSTEEL’s industrial operations while expanding ADNOC Gas’ long-term revenue portfolio. The deal reinforces the companies’ longstanding partnership and supports the UAE’s broader strategy to strengthen domestic industrial capacity with cleaner-burning energy sources. EMSTEEL will use the contracted gas to scale production, advance its green-steel initiatives and improve efficiency across its value chain. Fatema Al Nuaimi, CEO of ADNOC Gas, said the agreement “underpins ADNOC Gas’ role in boosting the UAE’s industrial growth and economic development,” adding that the company remains committed to delivering reliable, lower-carbon energy to strategic domestic sectors. EMSTEEL Group CEO Saeed Ghumran Al Remeithi said the partnership “reflects the strength of collaboration between two national champions,” providing long-term energy security while supporting in-country value and the UAE’s industrial resilience. The announcement follows the recent ADNOC Board meeting held at the company’s Habshan complex, highlighting ADNOC Gas’ strategic role in the UAE’s energy system. Board members reviewed ongoing expansion programs in processing, compression and sustainability aimed at supporting national energy security and long-term industrial growth.

Angola Boosts Electricity Generation And Domestic Gas Supply With Inauguration Of $4 Billion Gas Processing Plant

Angola has inaugurated the country’s first unassociated gas processing plant, a $4.5 billion facility owned by a consortium comprising Azule Energy, Sonangol E&P, Chevron and TotalEnergies, in the municipality of Soyo in the Zaire Province. The plant, linked to the development of the Quiluma and Maboqueiro fields located offshore near Soyo, has the capacity to process about 330 million cubic feet of gas per day for domestic consumption and for export in the form of LNG (liquefied natural gas). Unassociated gas is natural gas that occurs independently without being directly linked to oil in reservoirs. It is used for electricity generation, LNG exports, domestic and industrial supply, as well as petrochemical and fertilizer production — making it a strategic resource for Angola’s energy and economic diversification. President João Manuel Gonçalves Lourenço, inaugurated the plant on Thursday, joined by the Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo. Azevedo described the project as “the affirmation of Angola as a country that moves forward with determination toward energy diversification and sovereignty.” He noted that the project was completed six months ahead of schedule and reflects the government’s commitment to transforming gas into a resource that directly benefits the economy and citizens. According to the minister, Angola’s 2018 Gas Law created a more attractive fiscal regime that encouraged investment in non-associated gas projects. The final investment decision marked a new phase in the development of this resource, with national companies such as Petromar contributing to equipment production. Azevedo stated that more than $4 billion has been invested in the project, which he described as being “carried out by the people and for the people.” He added that inaugurating the plant in the year Angola celebrates 50 years of independence reinforces the nation’s institutional maturity. “We will continue to develop other gas projects on land and at sea, serving the economy, industry and Angolans,” he said. He further described the investment as a testament to Angola’s strength, the talent of its professionals and the trust of partners, adding that “today we open a new page in the energy history of our country, which should inspire new generations.” Azule Energy CEO Adriano Mongini said the infrastructure “aims to ensure a better energy future” and reinforces Angola’s position as a competitive supplier in the global market. He noted that the unit will be able to process as much as 400 million cubic feet per day and supply surplus gas to Angola LNG. Mongini emphasized that since construction began in October 2023, the project has demonstrated that major industrial undertakings can be executed successfully in Angola and by Angolans. He highlighted the Quiluma platform, built in Ambriz, as “the greatest example of local content,” noting that the project will generate direct and indirect employment opportunities until 2043. Calling the occasion “a historic moment completed months ahead of schedule,” he said the achievement aligns with Angola’s 50th anniversary celebrations. He reaffirmed the consortium’s commitment to investing in the country’s sustainable development, describing the project as a “symbol of Angola’s transformative capacity.” Zaire Governor Adriano Mendes de Carvalho highlighted the infrastructure’s importance to Angola’s energy development, describing it as “an essential pillar for the diversification of energy sources” and “the realization of an innovative vision aligned with sustainable development.” He said the project is already creating vocational training opportunities and strengthening the skilled workforce in Zaire Province and across the country.

Ghana: PHDC GCEO Urges Development Planners To Promote Petroleum Hub Project

The Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC), Dr. Toni Aubynn, has urged development planners across the country to actively champion the promotion and successful execution of the Petroleum Hub project. The Petroleum Hub Project is a government‑led private‑sector initiative estimated to cost $60 billion and will be located in Jomoro in the Western Region. The hub will comprise three refineries with a combined capacity of 900,000 barrels per stream day (BPSD) and five petrochemical plants with a minimum capacity of 90,000 barrels per day. It will also have storage tanks with a cumulative capacity of 10 million cubic metres and at least two jetties to support import and export activities. The project aims to position Ghana as a leading petroleum and petrochemical hub in Africa, boosting regional energy security and deepening economic integration. Speaking at the 54th Annual General Conference of the Ghana Institute of Planners in Tamale on Thursday, November 27, 2025, under the theme: “The Role of Economic Hubs in Stimulating Growth and Creating New Employment Pathways – Insights from Ghana’s Petroleum Hub Project,” Dr. Aubynn emphasized that planners have a pivotal role in driving the initiative forward. He noted that development planners are duty‑bound to educate the public and raise awareness about the transformative socio‑economic potential of the Petroleum Hub, encouraging them to serve as ambassadors for the project. He highlighted the hub’s potential to provide a sustainable solution to the illegal mining (locally known as galamsey) menace as one of the key messages planners could help communicate to secure national support. Dr. Aubynn further underscored the importance of planners in both the developmental and operational phases of the project, reaffirming the PHDC’s readiness to work closely with the planning community. “The Petroleum Hub holds the future of the transformation of this country, and the development planners must get involved in educating the country. They must also participate in the development of the Petroleum Hub project,” he said. Addressing concerns about political interference, Dr. Aubynn assured stakeholders that the project enjoys strong bipartisan backing and will not be derailed by changes in government. He affirmed that the administration of President John Dramani Mahama is fully committed to delivering the Petroleum Hub and revealed that land‑acquisition processes are nearing completion. “We had issues with securing the land, but we are close to resolving that. The government will soon issue an Executive Instrument (EI) to secure the land, and compensation will be paid. The Petroleum Hub project is not lacking investors. We have MoUs with some investors and also have proper agreements with some of them to anchor the project,” he stated. This year’s conference, themed “Shaping Ghana’s Tomorrow: The Role of Planning in Driving Economic Growth, Job Creation, and Sustainable Urban Development,” has brought together planners, policymakers, and government officials to discuss strategies to strengthen the planning profession and advance national development.

Zambia: Rural Electrification Authority Gets New Board of Directors

Zambia’s Minister for Energy, Mr. Makozo Chikote, has appointed a new nine‑member Board of Directors for the Rural Electrification Authority (REA) for the next three years. The appointment is in accordance with the powers vested in the Minister under Section 7(1) of the Rural Electrification Act No. 5 of 2023. The new REA Board will be chaired by Mr. Charles Matomola Mboma, Executive Director of Energy Line Limited. The other members are- Mr. Roy Chihinga (Director, Ministry of Local Government and Rural Development,) Mrs. Ozirior S. Chaila (Chief Planner, Ministry of Energy), Mr. John Musantu (Consultant), Mr. Joseph Mwiinga (Chief Engineer, Road Development Agency), Ms. Brenda Sikaceya Muwaika (Citizen), Ms. Claire K. Limbwambwa (Chief Executive Officer, Pangani Mineral Resources), Ms. Gladys Z. Kristafor (Director, Time Investment Limited), Ms. Bubala Chibbonta (Chief Parliamentary Counsel, Ministry of Justice). The Minister congratulated the newly appointed Board members and expressed confidence that their diverse experience, technical expertise, and commitment will significantly enhance REA’s operations and help accelerate rural electrification across the country. Mr. Chikote further reiterated the Government’s commitment to expanding access to clean, affordable, and reliable energy as a key driver of socio‑economic development in rural parts of Zambia.

Nigeria: Eni Acquires Additional Stake In Deepwater Block OML 118

Italian oil and gas giant Eni, through its subsidiary Nigeria Agip Exploration Limited (NAE), has acquired an additional 2.5 % stake in the Production Sharing Contract (PSC) for OML 118, operated by TotalEnergies EP Nigeria Limited, the company announced in a statement. OML 118 is an offshore Nigerian license that includes the producing Bonga field, in which NAE holds a non‑operating interest. Following the transaction, which has received all necessary regulatory approvals, NAE’s stake in the OML 118 PSC has increased from 12.5 % to 15 %. “This acquisition is fully aligned with Eni’s strategy to optimize its upstream portfolio and further strengthens the company’s commitment to deepwater projects in the country,” the statement added. Eni has been present in Nigeria since 1962, with an average equity production of 50 Kboed in 2025.