News
October 01, 2025
Rhino Resources Namibia Ltd. has confirmed a significant gas condensate discovery at the Volans-1X exploration well in Block 2914A, offshore Namibia’s Orange basin. The find represents the company’s third consecutive hydrocarbon discovery on Petroleum Exploration License 85 (PEL 85).
News
September 30, 2025
Equatorial Guinea has signed a Heads of Agreement (HOA) with ConocoPhillips to develop offshore Blocks B/4 and EG-27, a deal expected to unlock up to $9 billion in investment and support the country’s ambition to expand its role as a regional gas processing hub.
News
September 30, 2025
Equatorial Guinea and Chevron have signed an agreement for the development of the Aseng Gas Project in Block I. The Aseng project represents an initial investment of $690 million, and underscores the country's long-term strategy to become a premier hub for natural gas in Africa.
News
September 29, 2025
TAY Oil Services and Polaris have commissioned a major onshore seismic survey for AGOCO in Libya’s Concession 57, deploying 40,000 STRYDE seismic nodes across 1,480 km². The project marks North Africa’s largest nodal seismic acquisition to date.
News
September 26, 2025
BW Energy is evaluating a potential acquisition of Azule Energy’s non-operated interests in Angola’s Block 14/14K, part of its strategy to expand offshore oil and gas assets, the company stated, while clarifying that no binding agreement has been reached.
News
September 26, 2025
Nigeria has approved TotalEnergies’ $510 million sale of its 12.5% stake in OML 118, home to the Bonga deepwater field, to Shell and Nigerian Agip Exploration as part of Total’s global divestment strategy.
News
September 24, 2025
With Africa requiring up to $240 billion annually to meet its energy and climate goals, attracting investment is more crucial than ever. A consistent theme emerging across the continent is the need for stable and transparent regulatory frameworks to foster investor confidence and drive sustainable development.
News
September 23, 2025
Viking Completion Technology has achieved a key milestone in North Africa after delivering upper completion equipment for an onshore oil project, underscoring the company’s growing role in the region’s upstream sector.
News
September 22, 2025
Angola’s crude oil output rebounded to 1.03 million bpd in August, surpassing the 1 million mark after slipping in July. The government aims to sustain production levels as it prepares a new licensing round—the final under its multi-year concession strategy.
News
September 19, 2025
Nigeria’s NNPC Ltd. is accelerating upstream oil and gas growth with new production sharing contracts alongside TotalEnergies, crude supply agreements and gas pipeline progress. The company aims to attract $60 billion in upstream investment by 2030.
News
September 18, 2025
Oregen Energy has expanded its position in Namibia’s emerging Orange basin, one of the world’s most closely watched oil frontiers, as international operators ramp up appraisal and development efforts following a string of large discoveries.
News
September 17, 2025
TotalEnergies has signed production sharing contracts for four offshore blocks covering 12,700 sq km in the Liberia Basin. The company is planning a 3D seismic survey as it targets new deepwater prospects aligned with its global exploration strategy.
News
September 16, 2025
South Africa’s Constitutional Court is set to rule on Shell’s disputed offshore seismic survey, a decision that could shape the future of the nation’s oil and gas exploration. The case, driven by environmental activists, has stalled Shell’s Wild Coast program since 2021.
News
September 12, 2025
Petrobras has acquired a 27.5% interest in offshore Block 4 in São Tomé and Príncipe, reinforcing its upstream exploration strategy in Africa. The acquisition places Petrobras in a consortium led by Shell (30%), alongside Galp (27.5%) and ANP-STP (15%).
News
September 10, 2025
PACC Offshore Services (POSH) has appointed Longitude to deliver marine operations engineering for the Republic of Congo’s Nguya FLNG. The project, part of Eni’s Congo LNG Phase 2, will boost LNG export capacity to 2.4 MMtpa.
News
September 09, 2025
Leading oil and gas operators in Angola, including ExxonMobil, TotalEnergies, Chevron, Sonangol and Cabship, reaffirmed their commitment to advancing Angola’s next phase of oil exploration and production at the Angola Oil & Gas 2025 Conference and Exhibition.
News
September 05, 2025
The Republic of the Congo has signed a $23 billion hydrocarbon deal with China’s Wing Wah to develop the Banga Kayo, Holmoni and Cayo permits, aiming to raise national oil output to 200,000 bpd by 2030.
News
September 04, 2025
Equatorial Guinea will launch its EG Ronda 2026 licensing round later this month. The licensing round forms part of the country’s broader strategy to revitalize its upstream sector, attract new investment and unlock offshore E&P opportunities.
News
September 04, 2025
Angola’s crude output slipped below one million barrels a day in July, threatening state revenues that fund more than 90% of exports. Angola is finalizing a new licensing plan covering 2026 to 2030, which will include both offshore blocks and inland basins, said the head of ANPG.
News
September 03, 2025
Shell’s return to Angola after a 20-year hiatus highlights a shift in sentiment toward the nation’s oil sector, as reforms aimed at attracting global capital start to show results.
News
September 03, 2025
Subsea Technology & Rentals (STR) has appointed experienced sector leader James Christie to head up activities across Europe and Africa following significant growth and plans for further global expansion.
