Broader Context Energy Markets and Geopolitical Undercurrents
Beyond individual company developments, broader trends are shaping energy markets in 2026. The interplay between geopolitical tensions, supply chain bottlenecks,…
Equinor Adjusts Strategy After Profit Decline, Trims Green Energy Focus
Norwegian energy company Equinor reported a 22% drop in fourth‑quarter profit for 2025, citing softer oil and gas market conditions,…
Oil Prices Rise on Middle East Tensions and Inventory Drops
Crude oil benchmarks extended gains on Wednesday, with Brent and West Texas Intermediate both climbing amid heightened geopolitical tensions in…
Global LNG Market Tightly Balanced, Says Eni
Italian energy major Eni has issued a cautionary forecast for the 2026 LNG market, warning that supplies will remain “finely…
Petronas and QatarEnergy Seal 20 Year LNG Supply Agreement
Malaysia’s national oil company, Petronas, has signed a landmark 20 year LNG supply agreement with QatarEnergy to import 2 million metric…
African Development Bank Backs Eni’s $7 Billion Coral North FLNG Project in Mozambique
A $150 million senior loan from the AfDB will help unlock $20 billion in fiscal revenues over the project’s lifetime…
Dangote and NNPC Lock In Major Gas Supply Deals to Fuel Nigeria’s Industrial Powerhouses
Three Dangote subsidiaries sign expanded gas purchase agreements as Nigeria rolls out its Gas Master Plan 2026 Three of Nigeria’s…
TGS and Libya’s NOC Ink Deal to Deepen Subsurface Data Cooperation
The agreement opens the door to expanded multi-client geophysical activities as Libya courts fresh upstream investment Norwegian energy data company…
Namibia’s Offshore Dream Takes Shape as Majors and Independents Close Ranks
A flurry of farm-ins, joint ventures, and M&A deals signals deepening confidence in the country’s path to first oil by…
Egypt Launches Aggressive 101-Well Drilling Blitz to Reverse Oil & Gas Output Slide
The petroleum ministry says production has already stabilised — now it’s going on the offensive with the most ambitious upstream…
Libya Lines Up Its Boldest Investment Cycle in Over a Decade as Multiple Mega-Projects Race Toward Approval
A freshly signed 25-year concession extension, $20 billion in planned upstream investment, and offshore gas and solar projects are converging…
Shell Eyes $20 Billion Lifeline for Nigeria’s Deepwater Crown Jewel — Even as Bonga Goes Offline
Bonga South West emerges as one of the world’s largest potential energy projects; meanwhile, a major maintenance shutdown temporarily slashes…
Sintana Energy Secures Exclusive Deal to Evaluate High-Impact Namibian Offshore Block
Canadian oil and gas exploration company Sintana Energy has signed a letter of intent with Namibia-based Paragon Oil & Gas,…
Pancontinental Seeks 12-Month Extension for Namibian Offshore License as Exploration Period Ends
Pancontinental Energy has applied for a 12-month extension to its offshore Petroleum Exploration Licence 87 in Namibia as the current…
Galp Doubles Down on Namibia: Portuguese Giant Makes Upstream Operations Central to Growth Strategy
Portuguese energy giant Galp has announced a strategic refocusing of its business, placing upstream oil and gas operations—with Namibia as…
Libya’s NOC Joins Forces with Hungarian Oil Giant in Strategic Partnership
Libya’s National Oil Corporation has inked a cooperation deal with Hungary’s MOL Group, opening the door to potential collaboration across…
NNPC Board Chairman Kida Rallies Investors as Nigeria Unveils Gas Master Plan 2026
…Declares gas ‘a catalyst for industrialization, power stability, and economic diversification’ The Chairman of the Nigerian National Petroleum Company Limited…
Angola’s Onshore Oil Renaissance: Independent Operators Lead the Charge Inland
Angola is orchestrating a dramatic comeback for onshore oil exploration, and it’s the independent operators calling the shots. With offshore…
Gas Takes Center Stage: Equatorial Guinea’s Bold Gamble to Rescue Its Energy Future
As oil wells run dry, Equatorial Guinea is making a high-stakes bet on natural gas to revive its energy sector…
Libya’s National Oil Corporation Courts Baker Hughes to Unlock Production Growth in 2026
The National Oil Corporation of Libya has extended an invitation to US energy services giant Baker Hughes to participate in…