News
October 21, 2025
Galp Energia is expanding upstream exploration in frontier markets such as Namibia and São Tomé and Príncipe amid resilient global oil demand. “The world has changed,” said a board member on Tuesday. “The energy transition is happening, but Europe still needs fossil fuels.”
News
October 20, 2025
Forum Energy Technologies’ (FET) Subsea division has secured a contract to supply two of its new-generation XLX EVO III work-class remotely operated vehicles (ROVs) to Nigerian offshore operator Marine Platforms Ltd. (MPL).
News
October 16, 2025
Perenco CEO Armel Simondin says the independent producer plans to expand into new countries to secure resources and sustain 500,000 bpd of production. The company will maintain $2 billion in annual investment, focus on mature oil fields in Africa, and grow natural gas output through projects like Gabon’s barge-mounted LNG plant.
News
October 14, 2025
Shell and joint venture partner Sunlink Energies have approved development of the HI gas project offshore Nigeria. The H1 field represents a $2 billion investment, according to Nigerian government, and bolsters Shell’s strategy to grow global LNG output through 2030.
News
October 13, 2025
Sonatrach and Saudi Arabia’s Midad Energy have signed a $5.4 billion production-sharing agreement to explore and develop the Illizi South block in Algeria. The project aims to produce 125 Bcm of gas and 204 million barrels of liquids over 30 years.
News
October 13, 2025
The five-well campaign begins in 2026 and includes options for three more wells, extending the company’s global deepwater activity.
News
October 09, 2025
Sintana Energy Inc. has agreed to acquire Challenger Energy Group PLC in an all-share transaction valued at approximately C$83.6 million. The deal expands Sintana’s high-impact offshore exploration footprint in Uruguay and Namibia.
News
October 08, 2025
McDermott and Namibia’s PETROFUND signed an MOU to strengthen local workforce development in the country’s emerging oil and gas sector. The partnership focuses on technical training, knowledge transfer, and capacity building aligned with international standards.
News
October 07, 2025
ReconAfrica is drilling ahead into the Otavi carbonate reservoir at its Kavango West 1X exploration well in Namibia. The company expects to reach total depth in November, followed by a full evaluation of the reservoir section.
News
October 06, 2025
Executives from TotalEnergies, Chevron and bp highlighted at African Energy Week 2025 how improved subsurface imaging and streamlined approvals could spark a new exploration renaissance across key basins such as Namibia, the Congo, and Egypt’s Nile Delta.
News
October 03, 2025
U.S. political momentum and African regulatory reforms are converging to create what leaders at African Energy Week 2025 described as a strategic opening for U.S. investment in Africa’s upstream oil and gas sector.
News
October 03, 2025
Angola’s National Oil, Gas & Biofuels Agency (ANPG) aims to award 60 oil and gas concessions by the end of 2025, building on 50 already allocated since 2019 through licensing rounds and direct negotiations.
News
October 02, 2025
Eni has approved the $7.2 billion Coral Norte floating LNG project offshore Mozambique, which will add 3.6 million tons per year of LNG capacity and double the country’s production. Set to start in 2028, Coral Norte positions Mozambique as Africa’s third-largest LNG producer after Nigeria and Angola.
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.
