Shell Announces $3.5 Billion Buyback Despite Profit Slide
Royal Dutch Shell has revealed a $3.5 billion share buyback program for the upcoming quarter even as its financial results…
ConocoPhillips Plans $1 Billion Cost Cuts Amid Weak Oil Prices
U.S. upstream giant ConocoPhillips unveiled a major cost-reduction initiative for 2026 following weaker-than-expected oil prices that led to profits missing…
TotalEnergies Signs 3.3 TWh Power Deal With Airbus in Strategic Energy Shift
TotalEnergies has finalized two long-term power supply contracts with aerospace giant Airbus covering German and British operations, in a deal…
Norway Awards 57 Offshore Drilling Permits in Major Energy Round
Norway’s Energy Ministry has granted 57 new offshore drilling licences, a move designed to strengthen its role as a stable…
Egypt Achieves Major Cost Savings With Locally-Produced Oil Well Chemical
Egypt’s Ministry of Petroleum and Mineral Resources has honored a team of engineers for successfully developing and commercializing a locally…
Cameroon And Equatorial Guinea Formalize Cross-Border Gas Development Agreement
Cameroon and Equatorial Guinea have officially signed an operating agreement to jointly develop the Yoyo-Yolanda gas field, which straddles the…
Morocco Unveils $1 Billion Nador West Med LNG Hub To Transform Regional Energy Landscape
Morocco has officially approved the construction of a $1 billion liquefied natural gas facility that will position the North African…
Libya’s National Oil Corporation Clinches Strategic Exploration Deal With Hungarian Energy Giant
Libya’s National Oil Corporation has secured a major international partnership with MOL Group, Hungary’s leading energy company, in a move…
NNPC In Advanced Talks With Chinese Petrochemical Giant To Revive State Refineries
Nigeria’s state oil company is on the verge of a major partnership deal that could finally end decades of refinery…
Oil Majors Return to West and Southern Africa in Search of Next Major Discovery
Major international oil companies including Chevron and TotalEnergies are significantly expanding their exploration footprint in West and Southern Africa as…
Egyptian Petroleum Companies Allocate $112.6 Million for Exploration and Production Expansion
North Sinai Petroleum Company has announced plans to allocate $89 million in investment for the upcoming fiscal year, targeting the…
Egypt Courts Foreign Energy Giants with $16.7 Billion Investment Package
Egypt has secured investment commitments worth $16.7 billion from international oil companies over the next five years as part of…
NNPC Engages Proven Experts to Revamp Nigerian Refineries with Focus on Sustainable Operations
The Nigerian National Petroleum Company Limited is engaging partners with proven expertise in refining and petrochemical operations to deliver sustainable,…
Tanzania’s $42 Billion LNG Project Reaches Critical Milestone as Government Targets Mid-2026 Agreement
Tanzania is on the verge of a historic breakthrough in its energy sector as the government prepares to sign the…
African Energy Bank to Mobilize $200 Billion for Continent’s Midstream and Downstream Projects by 2030
The African Energy Bank, scheduled to launch in Abuja during the first half of 2026, has announced an ambitious target…
Benin Celebrates Major Milestone as Akrake Petroleum Completes Horizontal Production Well
Rex International Holding has announced a significant achievement in Benin’s oil sector as its indirect subsidiary Akrake Petroleum Benin successfully…
Libya Extends TotalEnergies-ConocoPhillips Waha Concession for 25 Years in $20 Billion Production Boost Deal
Libya has signed a landmark 25-year extension of the Waha oil concession with TotalEnergies and ConocoPhillips, positioning the North African…
Cairo Oil Refining Company Charts Five-Year Expansion with Local Manufacturing Push
Egypt’s largest refining entity is planning to invest EGP 679 million in local manufacturing projects during the 2026/27 fiscal year…
Angola’s Oil Output Poised for Dramatic Surge as New Projects Hit Full Capacity
Angola is preparing for a significant rebound in oil production, with forecasts projecting a 6.5 percent surge to 1.14 million…
Angola Vows to Reverse Oil Output Decline with a Fresh Wave of Offshore Exploration
The country’s oil secretary says attracting new investment and bringing back big names like Shell are non-negotiable to keep production…