News
April 17, 2025
ReconAfrica has entered into a Memorandum of Understanding (MoU) with ANPG for a joint exploration project in the Etosha-Okavango basin, located onshore in southeastern Angola. ANPG is Angola's national concessionaire and regulator.
News
April 15, 2025
Tullow Oil has reached an agreement to sell 100% of its working interests in Kenya to Gulf Energy Ltd. for a total consideration of at least $120 million. Interim CEO Richard Miller noted that the transaction helps position Tullow for a successful refinancing.
News
April 15, 2025
EXPLORCO, the exploration division of the Ghana National Petroleum Corporation (GNPC), is set to spud its first exploration well in the Voltaian basin in Q1 2026, targeting new leads and play-opening discoveries.
News
April 11, 2025
The UAE’s recent investments in Mozambique and Egypt highlight its expanding role in Africa’s energy sector, positioning it as the continent’s largest investor and a key partner in driving future growth.
News
April 08, 2025
SPIE Global Services Energy, a subsidiary of SPIE, has announced the signing of a five-year contract with Sonangol Exploração & Produção for the general maintenance of the Block 3/05 oil complex in Angola.
News
April 07, 2025
Striving to increase production and reverse natural declines in mature oilfields, Ghana is promoting new investment across its upstream oil and gas sector through national upstream regulator the Petroleum Commission of Ghana.
News
April 07, 2025
Liebherr has successfully sold two offshore cranes of the type RL 2600 and RL-K 2600 to Singapore-based Yinson Production. The cranes will support the Agogo FPSO, which will operate in the Agogo field, offshore Angola.
News
April 03, 2025
In a bid to bolster significant global investment and competitiveness within Africa's oil and gas sector, national oil companies (NOCs) in Nigeria and Angola are progressing with long-anticipated initial public offerings (IPOs).
News
April 02, 2025
Nigerian President Bola Tinubu hired the former head of a unit of Shell Plc to run the state oil company, as Africa’s biggest crude producer works to boost output and prepare the firm for an initial public offering.
News
April 01, 2025
In a significant development for Africa's energy sector, Nigeria, Angola and Ghana have fulfilled their capital commitments toward establishing the Africa Energy Bank (AEB). This milestone represents 44% of the minimum required funding from APPO.
News
April 01, 2025
Petrofac’s Asset Solutions division has been awarded a number of scope expansions and new contracts in Q1 2025 totaling $500 million (USD). The awards span late-life asset management, decommissioning and integrated services across core global markets.
News
March 28, 2025
Nigeria’s state oil company is courting international and local markets for advisers as it prepares for a long-delayed initial public offering. CFO Olugbenga Oluwaniyi stated that the company was in the “final stage” of obtaining a listing.
News
March 28, 2025
African national oil companies (NOCs) are leveraging innovative financing strategies to advance oil and gas projects, ensuring continued investment despite shifting global energy markets.
News
March 27, 2025
Aquaterra Energy has secured a multi-million-dollar, multi-year contract with Intrepid Energy Limited (IEL) to deliver a bespoke subsea well intervention equipment package for a project in Nigeria.
News
March 26, 2025
The addition of the Nguya floating liquefied natural gas (FLNG) vessel is part of the second phase of the Eni-operated Congo LNG project and is expected to increase the project’s production capacity by 2.4 million tons per annum (MMtpa).
News
March 25, 2025
Société Nationale des Pétroles du Congo (SNPC) has outlined its forthcoming Gas Master Plan (GMP) designed to promote gas utilization and attract foreign investment while reducing dependency on oil revenues and expanding the country’s power grid.
News
March 25, 2025
Tullow Oil will pump as much as it can from mature assets in West Africa this year as part of plans to bring debt below $1 billion. "In the year ahead, our priorities are to progress our refinancing plan and optimize our production activities," Tullow said in a statement.
News
March 24, 2025
Namibian President Netumbo Nandi-Ndaitwah’s weekend cabinet reshuffle will bring oil and gas more directly under her control, as international explorers look to increase offshore discoveries. Drilling activity has grown since TotalEnergies and Shell made initial finds in 2022.
News
March 21, 2025
ReconAfrica has moved up drilling plans for its Prospect I exploration well in the Damara Ford Belt region of Namibia as a result of successful progress to date. Prospect I contains significant hydrocarbon and natural gas potential, the company announced.
News
March 21, 2025
In a webinar hosted by the African Energy Chamber, Namibia's Ministry of Mines and Energy and Wood Mackenzie on March 20, Namibia announced new offshore licensing opportunities and plans to drill seven wells in 2025.
News
March 19, 2025
Earlier this week, Egyptian President Abdel Fattah El-Sisi met with Prime Minister, Dr. Mostafa Madbouly, and Minister of Petroleum and Mineral Resources, Eng. Karim Badawi to discuss exploration activity, and particularly the "Fayoum 5" oil and gas field.
