News
March 25, 2025
Soci茅t茅 Nationale des P茅troles du Congo聽(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鈥檚 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鈥檚 weekend cabinet reshuffle will bring oil and gas more directly under her control, as international explorers look to increase offshore discoveries.聽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.
News
March 19, 2025
Vitol will acquire stakes in projects in Ivory Coast and the Republic of Congo for at least $1.65 billion, according to a statement on Wednesday. The deal deepens the company鈥檚 longstanding relationship with Eni in West Africa.
News
March 18, 2025
Equatorial Guinea has relaunched its open-door licensing process for 2025, setting the stage for a major licensing round and marking a strategic shift toward prioritizing licensing and exploration, with a strong focus on regulatory competitiveness, tax incentives and data transparency.
News
March 14, 2025
The African Energy Chamber commends the Trump administration for its continued support of the Mozambique LNG project, following the re-authorization of a crucial $4.7 billion loan by the U.S. Export-Import Bank.
News
March 11, 2025
(WO) 鈥 The Gas Exporting Countries Forum (GECF) has released the 9th edition of its Global Gas Outlook 2050, offering an in-depth analysis of the future of natural gas. This latest edition explores key trends and developments in the natural gas market.
News
March 10, 2025
BW Energy announced a substantial oil discovery on the Bourdon prospect in the Dussafu License offshore Gabon.聽鈥淭he Bourdon appraisal well again聽confirms the significant resource potential of the Dussafu license, which holds multiple additional prospects,鈥 said CEO Carl Arnet.
News
March 10, 2025
Egypt will launch a new licensing round, offering 13 exploration and production opportunities in a bid to further develop its hydrocarbon resources. With the government鈥檚 commitment to boosting E&P activities, Egypt is positioning itself as a leading player in the region鈥檚 energy landscape.
News
March 07, 2025
By strengthening their balance-sheets through partial privatization, transferring their regulatory roles to independent entities and acquiring more assets, African NOCs are emerging as strong partners for foreign firms.聽
News
March 06, 2025
Tanzania aims to start a licensing round for dozens of oil and gas exploration blocks in May, the first in more than a decade for the nation with an estimated 57 trillion cubic feet of natural gas reserves. Three of the 26 blocks are in Lake Tanganyika and the rest in the Indian Ocean.
News
March 05, 2025
Aminex, the oil and gas exploration and development company focused on Tanzania, announced several key operations updates on its Ntorya gas development, including a successful seismic program, and plans for field and pipeline development.
News
March 05, 2025
Libya鈥檚 oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. The bid round is expected to attract foreign investors and drive exploration activities across Libya鈥檚 resource-rich basins.
News
March 03, 2025
VAALCO Energy has farmed into the CI-705 block offshore C么te d鈥橧voire, obtaining a 70% working interest and a 100% paying interest though a commercial carry arrangement and partnership with Ivory Coast Exploration Oil & Gas SAS and PETROCI.
News
February 28, 2025
The African Energy Chamber (AEC) recently met with Equatorial Guinea鈥檚 National Council for Economic and Social Development (CNDES) to explore strategic cooperation aimed at maximizing the country鈥檚 oil and gas sector development.
News
February 27, 2025
Ghana's government has decided to withdraw a 2020 directive requiring Eni SpA and partner Vitol Holding BV to merge its offshore oil field with a discovery made by neighboring Afina, potentially settling a five-year standoff.
News
February 21, 2025
The African Export-Import Bank (Afreximbank) has announced plans to establish a $1 billion oil service financing facility in Guyana. This initiative aims to enhance local participation in the country鈥檚 fast growing oil industry, in alignment with the government's local content policies.
News
February 18, 2025
Mozambique stands out as a key player in natural gas production and plays a crucial role in Africa鈥檚 agenda to expand electricity access and clean cooking solutions, according to NJ Ayuk, Executive Chairman of the African Energy Chamber.