News
July 08, 2025
(Bloomberg) -- bp Plc and Shell Plc signed agreements with Libya’s National Oil Corp (NOC) to study new opportunities, joining international majors accelerating their return to the oil-rich African nation. The focus on Libya, an OPEC member, comes as the North African nation tries to bring back oil majors that left.
News
July 08, 2025
African E&P Petralon Energy is on track to boost Nigerian crude production by a further 2,500 bpd, following drilling activities at the Dawes Island field. The company has recently completed a new well at the field aligning with plans to maximize output at the field.
News
July 08, 2025
Gabon’s newly-appointed Minister of Oil & Gas has committed to unlock new resources across the country’s oil and gas sector but shifting focus towards deepwater exploration.
News
July 08, 2025
bp has signed a Memorandum of Understanding (MoU) with Libya’s National Oil Corporation (NOC) to evaluate redevelopment opportunities in the mature giant Sarir and Messla oil fields in Libya’s Sirte basin and to understand the wider unconventional oil and gas potential within the country.
News
July 07, 2025
Environmental advocate group Greenpeace has spoken out against the African Energy Chamber (AEC) and Africa’s energy sector, citing the continent’s efforts to accelerate development as a coordinated attack on the right to dissent, the AEC said on Monday.
News
July 07, 2025
Algeria’s state-owned oil company Sonatrach and Italy’s Eni have signed a 30-year production sharing contract to explore and develop the Zemoul El Kbar region of Algeria. The contract is estimated at a value of $1.35 billion, Sonatrach said in a statement Monday.
News
July 04, 2025
Companies hired by TotalEnergies SE to build a $20 billion gas project in northern Mozambique have started preparing to resume work on the venture, four years after it was suspended because of a militant insurgency, according to people familiar with the matter.
News
July 04, 2025
U.S. oil and gas company VAALCO Energy is refurbishing its FPSO facility at the Baobab field in Block CI-40, offshore Ivory Coast, African Energy Chamber announced. The modernization is set to increase production and extend the field’s economic life.
News
July 02, 2025
Mozambican President Daniel Chapo said his government and private companies will have to collectively ensure the necessary security is in place to enable TotalEnergies to restart construction of a $20 billion gas project that has stalled due to a militant insurgency — and even then, risks will remain.
News
July 02, 2025
Chevron Corp. and TotalEnergies SE are competing in Libya’s first energy exploration tender since the 2011 conflict, the country’s state-run oil firm said, as the OPEC member looks to oil majors to help ramp up production to a record.
News
June 23, 2025
"The COD milestone marks a major achievement for one of Africa’s deepest offshore developments which introduce Mauritania and Senegal as LNG exporters," Golar LNG said in a news release.
News
June 20, 2025
Angola’s national oil company Sonangol has signed two agreements with the Massachusetts Institute of Technology (MIT) aimed at strengthening cooperation and knowledge-transfer in the fields of oil, gas and critical minerals.
News
June 20, 2025
Nigerian energy company Green Energy International (GEIL) has completed the development of the Otakikpo onshore terminal and commenced operations. The newly-constructed facility is the first indigenous onshore terminal constructed in the country in five decades.
News
June 20, 2025
Ivory Coast expects its oil output to increase more than fivefold in the next decade, boosted by recent discoveries and the start of production at two offshore fields. "By 2035, crude-oil production is expected to reach at least 500,000 bpd," said the Minister of Petroleum.
News
June 19, 2025
Namibia will offer financial incentives to help kick-start the development of oil fields managed by a group led by TotalEnergies, according to a special adviser in the presidency. Namibia is targeting first oil output in the next five years,
News
June 17, 2025
TotalEnergies, jointly with QatarEnergy, has been awarded the Ahara license following the “Algeria Bid Round 2024”, launched by The National Agency for the Valorization of Hydrocarbon Resources (ALNAFT), the first call for tender conducted under the hydrocarbon law No.19-13.
News
June 17, 2025
Angola’s Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, recently met with U.S. Secretary of Energy Chris Wright in Washington, D.C. to advance strategic cooperation and expand U.S. investment across oil, gas, critical minerals and renewable energy.
News
June 13, 2025
Perenco Congo has confirmed a major investment project with the construction of a new offshore platform, Kombi 2. The Kombi 2 construction project, including the upcoming drilling phases, represents an investment of over $200 million.
News
June 04, 2025
The Government of Ghana, Tullow Oil, Kosmos Energy, PetroSA, Ghana National Petroleum Company (GNPC) and Explorco have entered into an MOU to extend production licenses covering the Jubilee and TEN fields in Ghana until 2040.
News
June 02, 2025
Nigeria’s President Bola Tinubu has signed an executive order aimed at drawing investment in the oil sector by lowering project costs, while protecting government revenue as the West African nation looks to grow output.
News
May 30, 2025
The Cooperative Republic of Guyana and African Export-Import Bank (Afreximbank) have concluded a two-day roadshow to promote access to a US $1-billion oil services financing facility announced by the Bank in February this year during the Guyana Energy Conference.
