Akrake Petroleum Benin S.A. expects to begin oil production at the Sèmè field offshore Benin by late January 2026, following completion of drilling operations in the reservoir section of the AK-2H horizontal production well.
US President Donald Trump has asked for at least $100bn (£75bn) in oil industry spending for Venezuela, but received a lukewarm response at the White House as one executive warned the South American country was currently “uninvestable”.
US President Donald Trump has asked for at least $100bn (£75bn) in oil industry spending for Venezuela, but received a lukewarm response at the White House as one executive warned the South American country was currently “uninvestable”.
TechnipFMC (London, England) added another line to its U.S. deepwater roster after BP plc (London) awarded it an engineering, procurement, construction and installation contract for the Tiber offshore oilfield development in the U.S. Gulf of Mexico. The project joins a list that includes work for Cenovus Energy Incorporated (Calgary, Alberta) and Shell plc (London) on some of those companies’ heaviest deepwater investments. Industrial Info is tracking more than $17 billion worth of active and proposed projects featuring TechnipFMC’s services worldwide.
Yinson Production, the Singapore-based unit of Malaysian energy infrastructure group Yinson Holdings, will open an office in Namibia in January 2026 to tap into the country’s burgeoning oil and gas sector.
Italy’s Eni has completed the sale of a 49.99% stake in its carbon capture subsidiary Eni CCUS Holding to Global Infrastructure Partners, the company said on Thursday.
Japan Petroleum Exploration Co., Ltd. (JAPEX) has approved the acquisition of U.S. tight oil and gas assets through the purchase of all equity interests in Verdad Resources Intermediate Holdings LLC, marking a significant expansion of its North American upstream portfolio.
Egypt’s multibillion-dollar natural gas deal with Israel is “purely commercial” and has no bearing on its support for Palestinian rights, a government spokesman has said.
Government has assured investors that Ghana’s upstream petroleum sector remains a safe and attractive destination for investment, as it rolls out reforms across both the upstream and downstream segments to enhance stability in the energy and power sectors.
GNPC Explorco, the exploration subsidiary of the Ghana National Petroleum Corporation (GNPC), is gearing up for a major milestone in the country’s energy sector with the upcoming operations in the Voltaian Basin.