African Peace Magazine

04/08/2025

NOTICE OF POSTPONEMENT OF IAEOGS 2025
We regret to inform all stakeholders and the general public that due to unforeseen circumstances the 4th Edition of the International African Energy, Oil and Gas Summit (IAEOG), Awards/Exhibition, Tours and Charity Golf Tournament ‘Namibia 2025’ with the Theme: Getting it Right, scheduled to hold from the 4th -10th of August 2025 in Namibia, has been postponed to the 6th -9th of October 2025. All registered participants have been duly notified by mail.
We sincerely apologize for any inconvenience caused due to the postponement.
For furthers enquiries please contact [email protected] or [email protected]
Please ensure that your registration is confirmed
Thank you

02/08/2025

Happy Independence Day to the great people of Benin!

Today, we celebrate the strength, resilience, and rich heritage of a nation that continues to rise with dignity and purpose. May this day renew our commitment to unity, peace, and progress.

01/08/2025

Happy Independence Day to all Beninese. A day to honor your strength, culture, freedom and Peace.

01/08/2025

May this new month unlock doors of favor and release answers to your secret prayers.

31/07/2025

Grand Gulf Energy executed a binding option agreement to acquire Wrangel Pty Ltd, which holds an application for a 70% working interest in Block 2312 in the Walvis Basin, offshore Namibia

31/07/2025

In September 2024, Nigeria licensed its first Floating LNG plant, operated by UTM Offshore Limited, which will utilize flared gas from ExxonMobil’s offshore Yoho field in the Niger Delta.  
• The project is designed to lift Nigeria’s wasted flared gas, previously losing over $1 billion annually, into productive use—transforming it into 2.8 million tonnes per annum (MTPA) of LNG and 500,000 metric tons of LPG, with targeted production commencement by early 2029. 
• Supported by a $2.1 billion initial financing from Afreximbank, with another $3 billion pledged for Phase II, the FLNG plant marks a strategic shift in energy infrastructure. 
Global FLNG Market Surge: Quadrupling by 2030
• Rystad Energy estimates that global FLNG capacity will surge from 14.1 Mtpa in 2024 to 42 Mtpa by 2030, nearly tripling capacity within six years—and reaching 55 Mtpa by 2035. 
• Enhanced utilization rates—about 86.5% in 2024 and 76% so far in 2025—now rival onshore LNG terminals, underlining the maturity and reliability of FLNG technology. 
Significance for Nigeria & Broader Trends
• Nigeria’s decision to adopt FLNG aligns with global trends unlocking stranded offshore gas reserves more cost-effectively and quickly than traditional onshore plants.
• FLNG reduces environmental impacts by eliminating the need for pipelines, onshore processing units, and port infrastructure—enabling fast-track projects in countries like Nigeria. 

31/07/2025

Angola’s National Agency for Petroleum, Gas and Biofuels (ANPG) and Azule Energy announced the delivery of first oil from the Agogo FPSO, marking the start of production from the Agogo Integrated West Hub (IWH) project in Block 15/06. 
• The hub includes two offshore fields—Agogo and Ndungu—holding estimated reserves of ~450 million barrels. At peak, the FPSO production capacity is projected at about 175,000 barrels per day. 
• This startup represents a major production surge for Angola, achieved in just 29 months since project sanctioning in February 2023—well ahead of industry standards. 
• Already one of Angola’s largest producers, Azule Energy reported average net oil production of ~210,000 bpd in 2024, aiming to scale up to ~250,000 bpd by 2027 through ongoing projects. 
• The new Agogo FPSO is expected to contribute an additional 120,000 bpd, reinforcing Angola’s efforts to reverse years of declining production. The vessel also includes carbon capture systems—making it the first FPSO globally to deploy post-combustion CO₂ capture technology. 

31/07/2025

Libya–Japan Strategic Energy Partnership on the Rise
• In January 2024, Japan’s Foreign Minister Kamikawa Yoko met with Libya’s Vice President Abdullah al‑Lafi and Oil Minister Mohamed Aoun in Tokyo, where both sides agreed to activate cooperation across the energy, economic, and industrial sectors  .
• The talks emphasized revitalizing bilateral relations, reopening of Japan’s embassy in Libya, and advancing trade, investment, and people‑to‑people exchanges .
• As part of the new partnership vision, both countries are preparing a Memorandum of Understanding (MoU) focused on protecting investor rights and facilitating Japanese energy companies’ engagement in Libya—including potential collaboration in oil, gas, and clean energy development .
• A Libyan–Japanese economic forum, slated for Tripoli in 2025, will bring together private sector stakeholders from both nations to explore joint ventures across energy and industrial zones .
• Libya’s Minister of Oil and Gas has expressed interest in visiting Tokyo to further these discussions and strengthen technical cooperation, human resource development, and energy infrastructure support

31/07/2025

On 30 July 2025, NNPCL’s Group CEO Bayo Ojulari announced at a town hall in Abuja that the Port Harcourt Refining Company (PHRC) is officially not for sale, reversing earlier ambiguity sparked by his comment that “all options are on the table”  .
• The decision is based on detailed technical and financial reviews across Nigeria’s three state-owned refineries—Port Harcourt, Warri, and Kaduna. Ojulari emphasized that the prior move to restart Port Harcourt before full rehabilitation was “ill-informed and sub‑commercial” .
• Instead of pursuing privatization, NNPCL has reaffirmed its plan to engage advanced technical partnerships focused on high‑grade rehabilitation and upgrading of the facility, warning that any sale would likely lead to value erosion .
• Separately, NNPC has exported nearly 400,000 metric tonnes of refined products—mostly low pour fuel oil (LPFO) and naphtha—from PHRC and Warri between December 2024 and July 2025, underscoring its intent to maintain production capacity during rehabilitation .


• The reaffirmation underscores the NNPCL’s intent to retain control of critical national assets and restore local refining capacity rather than cede them to private actors.
• Despite repeated failures to meet deadlines—Port Harcourt’s rehab has been postponed multiple times since 2023—the company is recommitting to infrastructure upgrades, albeit without specifying a new timeline  .
• Analysts and industry experts continue to emphasize that any future consideration of asset sale must be preceded by rigorous strategic evaluation to protect Nigeria’s energy security and national interest .

31/07/2025

31/07/2025

Grand Gulf Energy executed a binding option agreement to acquire Wrangel Pty Ltd, which holds an application for a 70% working interest in Block 2312 in the Walvis Basin, offshore Namibia  .
• Block 2312 spans approximately 16,800 km² in 1,400–2,000 m water depths and features 6,100 km² of 3D seismic data, with historical mean prospective resources estimated at around 1.1 billion barrels of oil   .
• Namibia’s Orange Basin has already delivered over 11 billion barrels of discovered oil, backed by an 80% drilling success rate since 2022 and Block 2312 places Grand Gulf alongside majors like Shell, Chevron, TotalEnergies, and GALP   .

• In the Red Helium Project located in southeast Utah’s Four Corners area, Grand Gulf holds a prospective helium resource of ~12.7 Bcf (P50 unrisked)  .
• Its maiden well Jesse‑1A confirmed helium at ~1% purity and over 100 feet of net pay, substantially exceeding pre‑drill expectations  .
• A follow‑up well, Jesse‑2, flowed gas with helium concentrations up to 0.9% and flow rates of ~30,000 cfd — confirming a working helium reservoir  .
• The company has an offtake agreement with the Lisbon helium liquefaction plant, enabling rapid monetization of any production  .
• Dual Energy Exposure: Grand Gulf balances frontier oil exploration in offshore Namibia with a critical materials play in helium essential for high tech manufacturing and electronics.
• Cost‑Efficient Entry: Namibia’s Block 2312 deal requires payment only after license grant, reducing upfront investor risk   . Proximate Infrastructure: Utah operations benefit from direct pipeline access and proximity to existing helium processing facilities, accelerating potential revenue generation.
• Portfolio Diversification: This mix positions the company to tap both fossil fuel upside and high-demand strategic gas markets.

31/07/2025

In late July 2025, a memorandum of understanding (MoU) is expected to be finalized between Libya’s National Oil Corporation (NOC) and ExxonMobil Libya Limited, focused on offshore Sirte Basin exploration under an updated Production Sharing Agreement (EPSA) framework. This agreement includes four ultra-deepwater offshore blocks spanning approximately 2.5 million acres, covering water depths from 5,400 ft to over 8,700 ft, and outlines plans for extensive seismic surveys and at least one deepwater exploration well .
• The signing is part of a broader wave of international energy re-engagement with Libya, with major global players like Chevron, TotalEnergies, BP, Shell, Eni, OMV, Repsol, and ConocoPhillips actively pursuing contracts in Libya’s first upstream bid round since 2007, covering 11 offshore and 11 onshore blocks .
• This deal comes amid renewed U.S. strategic interest in Libyan energy, framed as part of a revitalized partnership to support Libya’s recovery and rebuild its energy sector. A senior U.S. advisor affirmed the agreement will be soon signed and tied with broader cooperation, including support for key oilfields operated by Waha Oil and cooperation in offshore platform projects with Hill International and Mellitah Oil & Gas .

Strategic Implications
• Re-engagement with supermajors reflects a shift in Libya’s licensing models—from less-favorable EPSA IV terms to more investor-friendly production-sharing contracts aimed at unlocking reserves and raising production from ~1.4 million bpd toward a target of 2 million bpd by the end of 2025 or early 2026 .
• The partnership underscores growing U.S. energy diplomacy, positioning American firms as key partners in rebuilding Libyan oil infrastructure and boosting long-term bilateral economic ties.
• Technical commitments such as workforce training and seismic investment included in the MoU help embed ExxonMobil into Libya’s energy modernization agenda and send a signal of confidence amid Libya’s