News
April 28, 2025
Ever since oil and gas majors announced massive hydrocarbon discoveries in Namibia鈥檚 offshore Orange Basin, interest in additional exploration in has been intense. Will negotiations stall, as we鈥檙e seeing all too often in African nations, or will the process move forward smoothly?
News
April 25, 2025
CHC Helicopter (CHC) has signed a Memorandum of Understanding (MoU) with Namibian aviation operator Court Helicopters. The agreement outlines both parties鈥 intent to explore a strategic collaboration to search and rescue (SAR) and crew change solutions in Namibia.聽
News
April 24, 2025
The African Energy Chamber (AEC) is calling for a deliberate and accelerated approach to moving Namibia鈥檚 recent oil and gas discoveries into production 鈥 emphasizing the importance of speed, investor confidence and strategic collaboration.
News
April 24, 2025
Decom Engineering has announced a promising start to 2025 with contracts valued at more than 拢2 million ($2.66 million USD) secured in the first quarter, positioning the subsea cutting specialist for further international growth.
News
April 23, 2025
Amid declining Russian oil imports and rising energy demand, India is ramping up investments across Africa鈥檚 oil, gas and renewables sectors. The shift comes as India's crude oil imports from Russia fell to a two-year low in February 2025, prompting a renewed push to diversify its sources of energy.
News
April 22, 2025
BW Energy has discovered substantial oil reserves at its Bourdon prospect, offshore Gabon. CEO Carl Arnet noted that the appraisal well confirms potential for a new development of at least four producing wells.聽
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鈥檚 recent investments in Mozambique and Egypt highlight its expanding role in Africa鈥檚 energy sector, positioning it as the continent鈥檚 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 Explora莽茫o & Produ莽茫o聽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鈥檚 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鈥檚 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鈥檚 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 鈥渇inal stage鈥 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聽Intrepid Energy Limited聽(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鈥檚 production capacity by 2.4 million tons per annum (MMtpa).