In The Spotlight
The LNG market faces a potential oversupply. (Image source: Adobe Stock)
The gas and LNG markets face potential oversupply thanks to record FID and demand uncertainty, according to energy consultancy Wood Mackenzie, which identifies five key global gas and LNG themes for 2026:
LNG FID momentum to moderate despite continued project progress
2025 was a record year for final investment decisions, with nine projects totaling 72 mmtpa moving ahead. Three smaller floating LNG projects, two in Argentina and one in Mozambique, advanced, with CP2
Phase 2, Delfin FLNG 1 and Cheniere's Sabine Pass Stage 5 "probable" FID for 2026, supported by strong contracting and cost advantages.
However, with 225 mmtpa of LNG supply currently under construction, the expectation is for lower LNG prices and rising EPC costs. Several projects face delays from inflated construction costs, supply chain constraints and evolving financing conditions. Competition for customers between pre-FID projects and post-FID players is likely to increase. FIDs for well positioned projects, including LNG Canda and
Qatar’s North Field West, may slip into 2027. The outlook for FIDs is expected to moderate in 2026.
Prediction: 4-5 projects take FID in 2026
Asian LNG demand expected to rebound after sharp 2025 contraction
Asian LNG demand contracted by more than 12 Mt year-on-year (4.5%), with China declining by 11 Mt due to a mild winter, high LNG prices and US trade tariffs.
Supply growth of nearly 30 Mt is likely to drive spot prices below oil price parity, encouraging more spot procurement from emerging markets.
China will be the market to watch. Gas demand should grow by 5% on infrastructure projects and real estate recovery. With stable domestic production and flat pipeline imports, LNG will fill the gap, increasing by around 6 Mt but still below 2024 import levels. New gas-fired power stations and regasification capacity will contribute to increased demand across Taiwan, Bangladesh and Vietnam. Weather remains a wild card.
Firmer Asian demand will prove increasingly critical to absorb the wave of new LNG supply.
Prediction: Asian LNG demand to increase by 14 Mt (+5%) in 2026
Russia-Ukraine peace deal could reshape European gas and global LNG balances
The prospect of a US-brokered peace deal in Ukraine fuelled sharp gas price swings in 2025. Should a peace agreement be announced, the most likely market impact would be the lifting of sanctions on Arctic LNG-2 and Portovaya, which could add up to 10 mmtpa to a global LNG market already poised to increase by close to 30 Mt in 2026.
The EU agreed to phase out Russian LNG by 2027 and pipeline gas by 2028. Russian supply under short-term contracts is expected to end from April 2026 for LNG and June 2026 for pipeline flows. The immediate 2026 market impact would be limited, though the EU's resolve may be tested if the ban becomes a peace settlement bargaining point.
Prediction: The EU moves ahead with ban on Russian imports
Henry Hub to trade above US$4/mmbtu as US gas market tightens structurally
Colder than average temperatures briefly drove Henry Hub futures as high as $5.50/mmbtu in December 2025. The US gas market is becoming structurally tighter. LNG exports have increased 17% compared to the same period last year.
LNG export capacity expansion will require incremental feedgas of 2.7 bcfd, with data centres and other sectors adding 3.4 bcfd total in 2026, equivalent to 3%.
As usual, weather dynamics will be key for where prices settle in the winter. Beyond that, the pace and magnitude of price correction will depend on how quickly suppliers respond to tightening fundamentals.
Higher Henry Hub prices longer term will be necessary to promote growth.
Prediction: Henry Hub will average US$4/mmbtu in 2026
EU Methane Regulation and CSDDD face industry criticism over compliance challenges
The EU Methane Regulation (MER) and the Corporate Sustainability Due Diligence Directive (CSDDD) have faced strong criticism from the gas and LNG industries in 2025, especially from major global exporters.
Companies support MER objectives but say compliance difficulties are delaying new contracts and risk disrupting imports as Europe ends Russian reliance.
The CSDDD has already been scaled back by EU officials. Yet critics point out that the EU is imposing obligations on companies outside its jurisdiction, a major sticking point. The US and Qatar warned that the rules could threaten their ability to supply LNG to the bloc.
Prediction: The EU is likely to proceed with both regulations, but further watering down and additional practical compliance measures should be expected
"The gas and LNG industry is navigating a complex transition as abundant new supply meets questions about demand growth and regulatory risks," said Massimo Di Odoardo, vice president, Gas and LNG Research. "The structural tightening of the US gas market, combined with Europe's push to end Russian imports while implementing stricter methane rules, creates both opportunity and risk. How Asia responds to lower prices will be critical to absorbing the supply wave ahead."
Panora achieved average net production was 10,263 bopd for the full year. (Image source: Adobe Stock)
Panoro Energy, the Africa-focused exploration and production company, has achieved record production in 2025
In an operational and financial update in advance of its full year 2025 results, Julien Balkany, executive chairman of Panoro, commented, “Our average net production was 10,263 bopd for the full year, and is a new record high for Panoro. Our crude oil liftings of around 3.1 million barrels were in line with previously communicated expectations.”
Of the 10,263 bopd, 5,813 bopd came from Gabon, 2,919 bopd from Equatorial Guinea and 1,530 bopd from Tunisia.
“Looking ahead, we enter 2026 with significant exciting growth projects underway. As planned, we will resume drilling in Gabon with four new production wells at MaBoMo Phase 2 which we expect will increase gross production at Dussafu to the nameplate capacity of around 40,000 bopd when all wells are onstream. Once processed and analysed the new state-of-the-art seismic data we have recently acquired covering the Niosi, Guduma and Dussafu blocks will allow us to confirm future high-impact drilling targets and further unlock the considerable upside potential of those blocks.
"In Equatorial Guinea we have high-graded the Estrella discovery on Block EG-23 as a potential fast-track appraisal and development project that could be tied back to existing infrastructure, and have an extensive inventory of additional prospects under evaluation.”
Numerous ongoing productive and asset integrity projects will continue in Equatorial Guinea throughout 2026 and contribute to field life extension.
Production has remained stable at the TPS Assets in Tunisia where Panoro holds 49%, with ongoing workovers and upcoming optimisation campaigns expected to positively impact production
The company distributed a total of NOK 411mn (US$41.7mn) to shareholders in the calendar year, with quarterly cash distributions amounting to NOK 320mn (US$32.5mn) complemented with NOK 91mn (US$9.3mn) through share buybacks.
“With healthy cash position at 2025 year-end of approximately US$78mn, we continue to be well positioned to deliver on our organic and external growth strategy coupled with our shareholder returns policy in order to maximise value for all our stakeholders,” Balkany concluded.
The agreement signing. (Image courtesy of EGAS)
Image courtesy of EGAS
Viridien and SLB have entered into an agreement with the Egyptian Natural Gas Holding Company (EGAS) to launch a major multi-client ocean bottom node (OBN) seismic acquisition and imaging programme in Egypt’s Eastern Mediterranean offshore
The largest project of its kind in the region, it will combine the recognised OBN expertise of both parties to deliver an unparalleled subsurface dataset for Egypt and international exploration partners, which will be available through a multi-client model. Data acquisition is scheduled to begin in the first quarter of 2026.
The project will give explorers and investors a clearer understanding of the region’s complex subsurface and help them identify new opportunities for exploration and enhanced production, as the country looks to boost production and decrease its reliance on imported fuel. The gpvernment is actively addressing policies to support an encouraging work environment for global investors,with a view to accelerating oil exploration and production rates, and there have been some encouraging new discoveries recently.
Mahmoud Abdel Hamid, chairman of EGAS, said: “The Egyptian Eastern Mediterranean has great potential for development but features some of the most challenging environments for seismic imaging owing to the complex faulting and the Messinian evaporite layer that masks deep reservoirs formed from complex channel sand bodies. We are pleased to work with our partners, Viridien and SLB, who have decades of specialized imaging expertise in the region and will apply their cutting-edge technologies to deliver the clearest insight into the subsurface to help operators better evaluate and prioritize opportunities.”
Dechun Lin, head of Earth Data, Viridien, said: “This agreement with SLB and EGAS marks a significant milestone for Viridien, giving new momentum to our commitment to Egypt as a key partner with over 30 years of in-country operating experience. Expanding our multi-client data library into the Egyptian Eastern Mediterranean with our advanced OBN imaging technologies will help showcase Egypt’s subsurface opportunities to the world.”
Offshore oil and gas operations place workers in some of the most demanding environments in the energy sector. (Image source: Adobe Stock)
Offshore oil and gas operations place workers in some of the most demanding environments in the energy sector. Remote locations, changing weather conditions, and complex equipment all increase risk
Safety preparation is essential for protecting lives and ensuring that projects continue without disruption. Training plays a central role in preparing offshore personnel to respond effectively when unexpected situations arise.
Energy projects across offshore regions require strict safety standards that apply to every individual travelling to or working on an installation. These expectations are driven by the need for consistent emergency response skills and shared understanding across multinational teams. Standardised safety preparation helps ensure that workers arriving from different countries can operate confidently under the same procedures.
Practical preparation through BOSIET training is a key requirement for offshore readiness and is widely recognised across the industry. Access to structured programs such as the OPITO approved course available at helps offshore personnel gain the survival and emergency response skills expected by operators worldwide. Training aligned with standards set by OPITO supports safer offshore deployments and workforce confidence.
Offshore safety expectations in the oil and gas sector
Offshore environments present unique risks that are not commonly found onshore. Helicopter transport, confined spaces, fire hazards, and exposure to open water all require specialised preparation. Industry standards reflect these challenges by setting clear requirements for worker training before offshore travel.
Employers rely on consistent safety certification to verify readiness. Workers benefit from knowing what to expect during offshore assignments and how to respond during emergencies. Shared training standards reduce confusion and support coordinated responses during critical situations.
Understanding the purpose of BOSIET certification
BOSIET certification focuses on building essential offshore survival skills. The training covers emergency response techniques that are critical during offshore incidents. Participants learn how to manage high stress situations while protecting themselves and others.
The course also introduces offshore safety culture and responsibilities. Understanding personal accountability and teamwork strengthens overall safety performance. Certified workers arrive offshore prepared to follow established procedures and contribute to a safer working environment.
Helicopter safety and underwater escape awareness
Helicopter travel is a routine part of offshore operations, yet it carries inherent risk. Training addresses safe boarding, seating positions, and emergency procedures during flight. Workers learn how to respond calmly and efficiently if an aircraft incident occurs.
Underwater escape training is a core component of preparation. Participants practice techniques for exiting a submerged helicopter using emergency breathing systems. Familiarity with these procedures builds confidence and reduces panic during real emergencies.
Emergency response skills for offshore environments
Offshore installations must be ready to handle fire, evacuation, and medical emergencies at any time. Training provides hands on experience with alarms, escape routes, and muster procedures. Workers learn how to react quickly while following instructions from offshore leadership.
Fire response awareness is another critical area. Understanding fire types and initial response actions helps reduce escalation. Prepared personnel contribute to safer outcomes during emergencies and support the work of designated response teams.
Sea survival and personal protection
Open water survival skills are essential for offshore workers. Training includes techniques for entering the water safely, using life jackets, and boarding life rafts. Participants also learn how to manage exposure while awaiting rescue.
Personal protection knowledge extends beyond equipment use. Awareness of signaling methods and group survival strategies improves the chances of successful recovery. These skills are vital in remote offshore locations where rescue may take time.
Relevance of BOSIET for African offshore operations
Offshore energy projects continue to expand across African regions, increasing demand for trained personnel. International operators expect workers to meet the same safety standards regardless of location. BOSIET certification supports workforce mobility and project consistency.
African offshore installations often involve multinational crews. Shared training standards improve communication and cooperation across teams. Certified workers can transition between projects more easily while maintaining compliance with global expectations.
Training locations and accessibility
Access to approved training centres plays an important role in workforce readiness. Workers need convenient options to complete certification without excessive travel delays. Planning training schedules helps ensure certifications remain valid ahead of deployment.
Organisations benefit from working with providers that offer recognised programmes and flexible scheduling. Accessible training supports project timelines and reduces last minute disruptions caused by expired or missing certifications.
Maintaining certification and refresher requirements
BOSIET certification has a defined validity period, making refresher training essential. Regular updates ensure that skills remain current and aligned with evolving standards. Refresher courses reinforce critical knowledge and maintain confidence.
Ongoing competency supports long term safety culture. Workers who refresh their training stay familiar with procedures and equipment. This continuity strengthens offshore safety performance across multiple assignments.
Conclusion
Offshore oil and gas operations demand a high level of emergency preparedness and personal responsibility. Training aligned with OPITO standards equips workers with the skills needed to manage offshore risks and respond effectively during emergencies. BOSIET certification remains a cornerstone of offshore readiness, supporting safer deployments and international workforce mobility. FMTC Safety provides access to recognised training that helps offshore professionals meet industry expectations while strengthening safety performance across global operations.
The hull launch of the Coral North FLNG. (Image source: Eni)
Eni and its partners, China National Petroleum Corporation (CNPC), ENH, KOGAS and XRG have announced the hull launch of the Coral North FLNG
Coral North will be the second state-of-the-art floating LNG facility to be deployed in the Rovuma Basin waters, offshore Cabo Delgado, north of Mozambique, and will bring to production the gas from the northern part of Coral gas reservoir
Coral South, the first project to produce gas from the Rovuma Basin, has already delivered to the market more than 135 LNG cargoes. Building on the knowledge and experience gained since Coral South began production in 2022, Coral North is designed to deliver enhanced efficiency and optimised performances, reducing costs and minimizing execution risks with the goal of completing the project on schedule by 2028.
With a 3.6 MTPA liquefaction capacity, Coral North will double Mozambique’s total LNG output to 7 MTPA, making the country Africa’s third-largest LNG producer and exporter, strengthening its role as a key player in the global energy market.
Coral North is expected to bring big economic benefits for Mozambique, including revenues from LNG, a boost to local industry, and the creation of new jobs. Coral North will also expand investments in local development initiatives.
Eni has been present in Mozambique since 2006. Between 2011 and 2014, the company discovered vast natural gas resources in the Rovuma Basin, in the Coral, Mamba Complex and Agulha reservoirs, with around 2,400 billion cubic meters of gas in placeEni also contributes to improving the country’s economic diversification, access to education, health and water through implementation of a comprehensive sustainability plan.
The new detector combines advanced gas detection, lone worker protection, and radio-quality communication in one rugged device. (Image source: Blackline Safety)
Blackline Safety has launched G8, a new connected gas detector with a rugged, IP-67 rating designed to meet the most demanding industrial environments
Building on the company's G7 line, the new detector combines advanced gas detection, lone worker protection, and radio-quality communication in one rugged device that connects workers to each other, to their safety teams, and to the broader digital worksite — with real-time data streamed to the cloud.
The detector features swappable cartridges covering more than 20 gases, dual-band GNSS/GPS (L1/L5), delivering more reliable positioning in challenging environments, and access to ZoneAware geofencing in Blackline Live.
Offering enhanced speaker and mic technology it enables loud, clear worldwide radio functionality so crews can talk across sites, regions, or even countries; emergency voice calling – connecting workers directly with a live monitoring agent when an alert is triggered; text messaging and mass notifications; an internal full-range speaker delivering up to 1W of audio power, and optional RSM with up to 1.5W output to extend sound capability even further.
A 64-colour backlit display and 35-lumen, easy-access flashlight offer reliable visibility in low-light or confined spaces.
Live data is streamed from the device to Blackline’s data and analytics platform—Blackline Live—via the cloud. This gives safety leaders real-time visibility into worker status, gas readings, and site conditions, and it gives operations teams actionable insights to prevent incidents, reduce delays, and keep projects moving.
G8 is future-ready to plug into other digital platforms from human resource management systems (HRMS) to field service management tools to hot-permitting applications and more. It will continue to evolve with new capabilities, expanded integrations, and emerging technologies like AI-driven insights.
“G8 gives workers access to the tools and information they need to confidently get the job done and get home safe,” said Cody Slater, CEO and chair, Blackline Safety. “By unifying gas detection, real-time monitoring, and communication in one connected device, we’re delivering more than incremental improvement. We’re giving every worker a direct line to the people, data, systems and support they need to make faster, safer decisions.”
The move will enable TotalEnergies to refocus its portfolio on strategic priorities. (Image source: Adobe Stock)
TotalEnergies has signed a Sale and Purchase Agreement (SPA) with Vaaris for the sale of its 10% non-operated interest in the Renaissance JV licences in Nigeria
The Renaissance JV, formerly known as the SPDC JV, is an unincorporated joint venture between Nigerian National Petroleum Corporation Ltd (55%), Renaissance Africa Energy Company Ltd (30%, operator), TotalEnergies EP Nigeria (10%) and Agip Energy and Natural Resources Nigeria (5%), which holds 18 licences in the Niger Delta.
Under the agreement signed with Vaaris, TotalEnergies EP Nigeria will sell to Vaaris its 10% participating interest and all its rights and obligations in 15 licences of Renaissance JV, which are producing mainly oil. Production from these licenses represented approximately 16,000 barrels equivalent per day in company share in 2025. TotalEnergies EP Nigeria will also transfer to Vaaris its 10% participating interest in the three other licences of Renaissance JV which are producing mainly gas (OML 23, OML 28 and OML 77), while TotalEnergies will retain full economic interest in these licences which currently account for 50% of Nigeria LNG gas supply.
The move can be seen as a rebalancing of TotalEnergies’ portfolio in Nigeria, enabling the company to reduce its exposure to non-operated oil assets while freeing up capital for other priorities and allowing it to retain full economic interest in critical gas assets.
Closing is subject to regulatory approvals.
TotalEnergies has been present in Nigeria for more than 60 years and currently employs more than 1,800 people across different business segments. Nigeria makes a significant contribution to TotalEnergies’ hydrocarbon production with 209,000 boe/d produced in 2024. TotalEnergies also operates an extensive distribution network which includes about 540 service stations in the country. The company has a strong commitment to the socio-economic development of the country and is committed to working with local communities.
The agreement signing. (Image courtesy of EGAS)
Image courtesy of EGAS
Viridien and SLB have entered into an agreement with the Egyptian Natural Gas Holding Company (EGAS) to launch a major multi-client ocean bottom node (OBN) seismic acquisition and imaging programme in Egypt’s Eastern Mediterranean offshore
The largest project of its kind in the region, it will combine the recognised OBN expertise of both parties to deliver an unparalleled subsurface dataset for Egypt and international exploration partners, which will be available through a multi-client model. Data acquisition is scheduled to begin in the first quarter of 2026.
The project will give explorers and investors a clearer understanding of the region’s complex subsurface and help them identify new opportunities for exploration and enhanced production, as the country looks to boost production and decrease its reliance on imported fuel. The gpvernment is actively addressing policies to support an encouraging work environment for global investors,with a view to accelerating oil exploration and production rates, and there have been some encouraging new discoveries recently.
Mahmoud Abdel Hamid, chairman of EGAS, said: “The Egyptian Eastern Mediterranean has great potential for development but features some of the most challenging environments for seismic imaging owing to the complex faulting and the Messinian evaporite layer that masks deep reservoirs formed from complex channel sand bodies. We are pleased to work with our partners, Viridien and SLB, who have decades of specialized imaging expertise in the region and will apply their cutting-edge technologies to deliver the clearest insight into the subsurface to help operators better evaluate and prioritize opportunities.”
Dechun Lin, head of Earth Data, Viridien, said: “This agreement with SLB and EGAS marks a significant milestone for Viridien, giving new momentum to our commitment to Egypt as a key partner with over 30 years of in-country operating experience. Expanding our multi-client data library into the Egyptian Eastern Mediterranean with our advanced OBN imaging technologies will help showcase Egypt’s subsurface opportunities to the world.”
The LNG market faces a potential oversupply. (Image source: Adobe Stock)
Panora achieved average net production was 10,263 bopd for the full year. (Image source: Adobe Stock)
The 4,300 sq km high-end data set will bring valuable insights. (Image source: Viridien)
As Angola gears up for its upcoming licensing round, Viridien has announced a new multi-client seismic reimaging programme over Angola’s highly prospective offshore Block 22
The 4,300 sq km high-end data set will bring valuable insight into underexplored structures along the Atlantic Hinge zone, following the same trend as the proven Cameia and Golfinho fields. Fast-track results are scheduled for delivery in Q1 2026 and final products in Q3/Q4 2026.
The Block 22 data set will be reimaged by using Viridien's latest proven proprietary technologies, including time-lag FWI, Q-FWI, Q-Kirchhoff and advanced deghosting and demultiple. This data will complement its 2,900 sq km of data over nearby block 20/11, giving operators access to a combined regional coverage of over 7,200 sq km of ultramodern broadband PSDM data to conduct regional pre-salt and post-salt play evaluation in the Kwanza Basin.
Dechun Lin, Head of Earth Data, Viridien, said, “Viridien is delighted to continue its strong relationship with Angola's national energy agency, ANPG (Agência Nacional de Petróleo, Gás e Biocombustíveis), and longstanding presence in Angola by committing to this new reimaging project which will support their important upcoming licensing round. We have the most modern 3D broadband seismic data available offshore Angola and will continue to generate value from it to provide critical support for industry decision-making and help to increase exploration success.”
TGS has secured more than 100,000 contiguous sq km of modern seismic data.
The 3D survey is set to start in December 2025.
The company will deploy technologies integrated with LOGIX automation. (Image source: Halliburton)
Nigeria's HI gas field development will be supported by Halliburton by the way of an integrated drilling services contract for Shell Nigeria Exploration and Production Company (SNEPCo), in collaboration with Sunlink Energies
The HI gas field development, which is part of OML 144, will see Halliburton's services for advancing feed gas supply to the Nigeria LNG Train 7 facility.
"This contract reflects our dedication to deliver integrated solutions that improve performance and efficiency in offshore environments. The company will deploy technologies integrated with LOGIX automation and remote operations to help improve drilling precision, efficiency, and safety in offshore operations. Our collaboration with SNEPCo and Sunlink Energies advances the HI gas field and contributes to the future of the energy industry in Nigeria," said Shannon Slocum, president, Eastern Hemisphere at Halliburton.
Halliburton’s project management team will support the drilling execution and provide integrated services to deliver end-to-end solutions. The company's advanced technology solutions combined with its strong presence in Nigeria will advance the HI Project’s operational and production goals.
The mooring system for the FSO is currently being installed.
This development was marked during the sail away ceremony organised by the company. (Image source: Drydocks)
Initial analysis has indicated an estimated reserves of 15-25 bn cu/ft of gas.
Middle East-based natural gas company, Dana Gas, has made a significant gas discovery following the drilling of the North El-Basant 1 exploratory well in Egypt’s onshore Nile Delta
As the company conducted initial analysis, the well indicated the presence of an estimated reserves of 15-25 bn cu/ft of gas. This encourages production expectations to exceed 8 mn cu/ft per day once the well is connected to the national network.
The promising results come from the fourth of the 11 development and exploration wells under Dana's US$100mn investment programme to support domestic gas production, increase reserves and meet growing energy demand. This programme has been deseigned to boost long-term production, accumulating approximately 80 bn cu/ft in recoverable gas reserves for vast coverage.
The company is now preparing to spud the fifth well in the programme, the Daffodil exploration well, in January 2026.
On the other hand, three wells were recompleted earlier this year, adding 9 mn standard cu/ft per day of production. Drilling and recompletion programmes are adding approximately 30 mn standard cu/ft per day of new production.
Richard Hall, CEO, Dana Gas, said, “The latest drilling success reinforces the value of our investment programme in Egypt and highlights the significant remaining potential within the Nile Delta. The North El Basant-6 result builds on the momentum of our earlier wells and supports our efforts to increase domestic gas supply and reserves. By increasing local gas production, the programme will help reduce Egypt’s reliance on imported LNG and fuel oil and is expected to generate more than one billion dollars in savings for the national economy over time.
“Our agreement with EGAS has enabled us to secure additional acreage under improved fiscal terms and to accelerate this new phase of drilling activity. We appreciate the strong cooperation from EGAS and the Ministry, and we remain committed to delivering the majority of our planned programme next year. Regular and timely payments from our partners are crucial to sustaining our investment programme in Egypt.”
The contract also finalised the delivery of the first phase of OQGN’s hydrogen pipeline network.
TechnipFMC will manufacture and install flowlines and risers.
The refinery will gear Zambia's downstream growth. (Image source: IDC)
China Zambia Petrochemical Corporation will push ahead with its US$1.1bn crude oil refinery project in Ndola as it has received the Investment License from the Zambia Development Agency
A Special Purpose Vehicle jointly established by the Industrial Development Corporation and Fujian Xiang Xin Corporation, China Zambia Petrochemical Corporation will advance the refinery project as a significant driver of employment generation and economic stability in the region, making a positive difference for the rapidly evolving Ndola Industrial Zone. During the construction phase alone, the refinery will create more than 2,200 jobs. Once operational, it will sustain more than 600 direct and over 2,000 indirect jobs, with comprehensive skills-transfer and certified training programmes designed to build a highly capable local workforce with expertise in advanced petrochemical operations. This will solidify Zambia's energy security and stabilise fuel supply as the country will not have to rely as hevily on the import of refined petroleum products.
Set to begin operations starting next year, the refinery is expected to process 3 mn tonnes of crude oil annually. This staggering quantity will not only surpass Zambia's national fuel demand but also easily cover regional export markets.
An integrated energy complex, the refinery will gear Zambia's downstream growth, ranging from LPG bottling and bitumen production to lubricants blending. Additional spill over investments are anticipated in storage infrastructure, rail upgrades, and feedstock supply for manufacturing plastics, fertilisers, synthetic materials, and asphalt. Small and medium enterprises (SMEs) are expected to benefit significantly through opportunities in logistics, maintenance, catering, and specialised support services.
"Today's handover of the Investment License marks a decisive shift from commitment to execution. This project is a cornerstone of our industrialisation strategy and a timely response to the country's need for affordable, reliable, and locally produced energy. Through CZPC, we are driving a transformative venture that will create jobs, enhance national self-sufficiency, and support long-term economic growth," said IDC CEO Mr Cornwell Muleya.
"FJXX is honoured to advance this project into its implementation phase in partnership with the Government of Zambia through IDC. With more than two decades of Industrial experience, we are committed to deploying advanced engineering technologies that will deliver a world-class refinery for the benefit of the Zambian people and the broader region," said Mr Huang Tieming, Chairperson of Fujian Xiang Xin Corporation (FJXX).
The refinery will revitalise Ghana's downstream petroleum sector.
Vitol Bahrain EC has a long-standing presence in Uganda's downstream sector.
The theme for ADIPEC 2025, "Energy. Intelligence. Impact." (Image source: dmg events)
ADIPEC 2025 will take place in Abu Dhabi, UAE, from 3-6 November 2025, with an expanded conference and exhibition programme aimed at addressing the challenges facing the global energy sector
The event will focus on two critical imperatives: building resilience in the energy system and scaling transformative solutions to accelerate global progress.
The theme for ADIPEC 2025, "Energy. Intelligence. Impact.", underscores the need for secure energy to drive inclusive growth, the intelligence to navigate the complexities of today's energy landscape, and the impact that translates vision into tangible progress for markets, people, and the planet. Over the course of four days, the event will explore four key themes, from new energy technologies and geopolitics to digital transformation and building a resilient, future-ready energy system.
This year, the ADIPEC conferences have been streamlined into two comprehensive programmes: the Strategic Conference and the Technical Conference. The event will feature over 380 sessions, with more than 1,800 speakers, including ministers, CEOs, academics, industry experts, and youth leaders. The aim is to turn dialogue into action by showcasing solutions and catalysing collaborations that drive real, measurable impact across the energy sector. The platform will promote intelligent choices, focusing on leveraging all viable energy sources and technologies to build sustainable systems that can deliver energy to more people, at lower cost, and with reduced carbon emissions.
The ADIPEC 2025 Exhibition will span 17 halls and host more than 2,250 exhibitors from across the global energy ecosystem, including 54 National Oil Companies (NOCs), International Oil Companies (IOCs), National Energy Companies (NECs), and International Energy Companies (IECs). It will also feature 30 dedicated country pavilions and four specialised industry zones focused on decarbonisation, digitalisation, maritime and logistics, and artificial intelligence.
ADIPEC 2025 is expected to attract more than 205,000 attendees from around the world, creating unique opportunities for collaboration, innovation, and progress within the energy sector.
Christopher Hudson, President of dmg events. (Image source: dmg events)
The partnership aims to tackle mounting concerns in global energy markets.
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The Agogo project involves the development of Agogo and Ndungu fields.
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The two subsea tie-back projects will deliver additional production. (Image source: TotalEnergies)
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Initial results from drilling and logging the Begonia-2 appraisal well are successful.
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Both partners have entered into detailed commercial discussions.
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A single well location can now be pinpointed at Oryx prospect. (Image source: Pancontinental Energy)
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The Kavango West 1X well was spud on July.
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Capricorn forecasts the drilling of 10 development wells for H2 2025.
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The MoU will advance regional energy development in sub-Saharan Africa.
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The sale of its Gabon assets marks Tullow’s exit from its licences in Gabon after 21 years.
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BW Energy delivered a strong first half of 2025.
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The well was spudded last November. (Image source: Adobe Stock)
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The rig will be used for drilling the Kharas appraisal well.
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The refinery will have a capacity of 240,000bopd.
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The Banga Kayo, Holmoni and Cayo permits will see development.
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Afentra eyeing operatorship in Angola block.
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Godwin Kudzo Tameklo, CEO of NPA. (Image source: African Energy Chamber)
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This project underscores GTT’s central role in enabling major floating LNG developments in new markets.
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The MoU outlines the areas of common interest between partners. (Image source: SONATRACH)
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The Cabinda Refinery aims to double capacity to 60,000 bpd. (Image source: Adobe Stock)
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The LNG market faces a potential oversupply. (Image source: Adobe Stock)
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Panora achieved average net production was 10,263 bopd for the full year. (Image source: Adobe Stock)
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The agreement signing. (Image courtesy of EGAS)
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Offshore oil and gas operations place workers in some of the most demanding environments in the energy sector. (Image source: Adobe Stock)
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The hull launch of the Coral North FLNG. (Image source: Eni)
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The new detector combines advanced gas detection, lone worker protection, and radio-quality communication in one rugged device. (Image source: Blackline Safety)
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The move will enable TotalEnergies to refocus its portfolio on strategic priorities. (Image source: Adobe Stock)
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Reprocessing of the Liberia Sunfish 3D covers approximately 6,100 sq. km and final product release is scheduled for Q3 2026. (Image source: TGS)
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Africa has many green hydrogen projects planned, but few are moving to FID. (Image source: Adobe Stock)
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NNPC is planning to sell at least 25% of the equity in select oil and gas fields.
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Angola is ready for investors.
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2025 has recorded the highest average production rate in a decade.
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The South N’dola Platform is an abundant offshore reservoir.
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TGS has secured more than 100,000 contiguous sq km of modern seismic data.
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The acquisition aligns with Heirs Energies’ long-term strategy.
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The acquisition aligns with Aradel’s long-term strategy.
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The refinery will revitalise Ghana's downstream petroleum sector.
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The contract also finalised the delivery of the first phase of OQGN’s hydrogen pipeline network.
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Vitol Bahrain EC has a long-standing presence in Uganda's downstream sector.
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NUPRC appoints new chief executive.
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The mooring system for the FSO is currently being installed.
This development was marked during the sail away ceremony organised by the company. (Image source: Drydocks)
The company will deploy technologies integrated with LOGIX automation. (Image source: Halliburton)
The Begonia field is located in Block 17/06, approximately 150 kilometers off the coast of Angola.
The product line promises cutting-edge ultra-heavy-duty subsea vehicle technology. (Image source: FET)
The technology provides a lightweight offline intervention solution.
The new system support remote operations. (Image source: FET)
Sercel's offerings come with value-added support. (Image source: Sercel)
Vertiv’s digital infrastructure solutions are designed to assist with power supplies and distribution. (Image source: Vertiv)
Oil & gas sector requires effective technology infrastructure. (Image source: Vertiv)
MODEC has extensive African experience.
The new crewboats have been made to especially serve ultimate capacity for passenger transfer.