Equinor and partners Petoro and TotalEnergies have made an oil and gas discovery in exploration well 30/8-7 S Grimsnes, near the Oseberg field in the Norwegian North Sea. Preliminary estimates put recoverable volumes at 19 MMboe to 50 MMboe (3 million to 8 million Sm³). The Deepsea Bergen rig drilled the well in production license […]
Angolan National Oil Company Sonangol is advancing plans for an initial public offering (IPO) while expanding its upstream portfolio and investing in Angola’s domestic refining capacity, as the national oil company charts its next phase of growth following its 50th anniversary in 2026. Speaking at the opening ceremony of African Energy Week (AEW) 2026, Executive […]
Gabon has outlined proposed fiscal and regulatory reforms aimed at attracting investment in deepwater and ultra-deepwater oil and gas projects, with Wood Mackenzie recommending changes to improve investor returns and accelerate project development. The proposals were presented during the Invest in Gabon Energies Investor Breakfast at African Energy Week (AEW) 2026 in Cape Town. David […]
International oil company ReconAfrica plans to drill a second exploration well in Gabon by the fourth quarter of 2027. The company is advancing seismic reprocessing and exploration planning across its 1,214km² Ngulu offshore block in central Gabon, where the company plans to assess the Loba oil discovery and identify additional drilling targets. Brian Reinsborough, CEO, […]
Senegal has 104 oil and gas blocks available to investors and is seeking new upstream contracts to accelerate exploration and production, El Hadji Abdourahmane Diouf, Minister of Energy and Petroleum, said at African Energy Week 2026 in Cape Town. Of the 113 blocks in Senegal’s reorganized acreage, four are under contract and five have been […]
North American Blue Energy Partners (NABEP) is deploying 11 new 550-hp workover rigs in Venezuela. According to the company, they are the first new mobile repair-and-maintenance rigs to operate in the country’s oil fields in more than 15 years. Two new 1,500-hp drilling rigs also arrived on Oct. 7, and NABEP said more equipment is […]
Special Report: Bounty Oil & Gas has started technical due diligence on the promising deepwater Block LB-32 offshore Liberia as it works through the proposed acquisition of PetroQuest Liberia Deep Water. It has agreed commercial terms with seismic provider TGS to licence the LB-32 portion of both the Sunfish 3D survey as well as legacy […]
Cameroon’s Société Nationale des Hydrocarbures (SNH) launched the country’s 2026 Bid Round during the African Farmout Forum at African Energy Week in Cape Town, offering six blocks for exploration across three sedimentary basins. The bid round comes as the country seeks new investment across frontier acreage and offers a strategic entry point for both established […]
From multibillion-dollar energy investments and local content development to women’s leadership and Africa’s right to determine its energy future, Marieme Sav Sow delivered a compelling message as senior executives from TotalEnergies, Eskom, Afreximbank and SLB outlined the opportunities and challenges shaping the continent’s energy industry. By Ajong Mbapndah L At African Energy Week (AEW) 2026 […]
Nigeria must urgently ramp up exploration in frontier and mature basins to replace fast-depleting reserves and secure its production future, President of the Nigerian Association of Petroleum Explorationists [NAPE], Mrs. Cecilia Ajayi, has warned Ajayi raised the alarm while speaking at a high level strategic panel session at the 2026 NAEC Energy Conference, organized by […]