UK Court Orders Nigerian NLNG To Pay $380million Over Undelivered Cargoes
The ruling, issued on February 25, 2025, by the London Court of International Arbitration, found NLNG — a joint venture…
Kosmos Energy Advances Offshore Projects in West Africa and the Gulf of Mexico
Kosmos Energy is progressing with development plans for its Tiberius discovery in the U.S. Gulf of Mexico and is set…
Kosmos Energy Advances Offshore Projects in West Africa and the Gulf of Mexico
Kosmos Energy is progressing with development plans for its Tiberius discovery in the U.S. Gulf of Mexico and is set…
Congo and Venezuela Strengthen Hydrocarbon Cooperation
The Republic of Congo and Venezuela have announced plans to enhance cooperation in the hydrocarbons sector, focusing on joint ventures…
Galp Confirms Mopane-3X Oil Discovery Offshore Namibia
Portuguese energy company Galp has confirmed a significant oil and gas discovery at the Mopane-3X well in Namibia’s offshore PEL…
Angola Drives Just Energy Transition with Natural Gas Expansion
Angola is advancing its energy transition by increasing natural gas’s share in its energy mix to 25% by 2025. The…
Ghana Government Revokes ENI-Springfield Unitization Directive
The Government of Ghana has officially withdrawn a previous directive mandating the unitization of Springfield Exploration and Production Limited (Springfield)…
Sinopec Secures $850 Million Investment for Algeria Asset
China’s Sinopec International Energy has secured a production-sharing contract (PSC) for the Hassi Berkane North license in Algeria, committing an…
Kosmos Energy Advances Offshore Projects in West Africa and the Gulf of Mexico
Kosmos Energy is progressing with development plans for its Tiberius discovery in the U.S. Gulf of Mexico and is set…
Congo and Venezuela Strengthen Hydrocarbon Cooperation
The Republic of Congo and Venezuela have announced plans to enhance cooperation in the hydrocarbons sector, focusing on joint ventures…
Saipem and Subsea 7 Announce $4.6 Billion Merger
Italian engineering firm Saipem and offshore service provider Subsea 7 have signed a Memorandum of Understanding (MoU) for a potential…
Seplat Energy Targets 14 Trillion Cubic Feet of Natural Gas in Akwa Ibom
Seplat Energy’s CEO, Roger Brown, has revealed the company’s plans to unlock an estimated 14 trillion cubic feet (TCF) of…
OPEC Chief Advocates for Increased African Oil Investments
Haitham Al-Ghais, Secretary General of OPEC, has called on African nations to unlock over 120 billion barrels of oil reserves…
Chevron Extends Offshore Drilling Contract with Shelf Drilling
Shelf Drilling, a UAE-based offshore drilling contractor, has secured an extension for its jack-up rig, Shelf Drilling Scepter, with the…
BP Expands Operations in Libya with Multi-Well Drilling Campaign
Global energy major BP has intensified its presence in Libya, spearheading a multi-well drilling campaign following the resumption of activities…
FLNG Gimi Receives First Feed Gas from GTA Offshore Project
The Greater Tortue Ahmeyim (GTA) offshore project, operated by BP, has reached a key milestone as the floating liquefied natural…
Africa’s LNG Projects to Gain Momentum as Natural Gas Emerges as a Key Transition Fuel
Amid global pressures to curb emissions, Africa’s burgeoning energy projects are poised to benefit from sustained demand for natural gas,…
SNPC to Secure 200 Billion XAF to Drive Performance 2025 Initiative
Société Nationale des Pétroles du Congo (SNPC), the national oil company of the Republic of Congo, is set to raise…
AFRICA’s richest man doubled his fortune on a MASSIVE and RISKY $23 BILLION bet.
Nigerian billionaire Aliko Dangote broke his government’s monopoly by building the largest in AFRICA. So far, only he has reaped…
African Countries’ GDP per Capita in 2024
Many African countries have experienced steady economic growth in recent decades, with significant advancements in key sectors such as oil…