Egypt has launched a new international bidding round for oil and gas exploration in the Red Sea. The announcement was made on November 4, 2025, by Minister of Petroleum and Mineral Resources Karim Badawy during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2025). The tender covers the offshore blocks RS-1, RS-2, RS-3, and RS-4.
Egypt’s Ministry of Petroleum and Mineral Resources has signed two agreements with SLB and Viridien to deploy advanced seismic technologies and extend the Egypt Upstream Gateway (EUG) digital platform in the East Mediterranean, the company said.
The country’s upstream oil and gas sector has received a major boost with some of the industry’s global big players expressing interest to invest.
The Ghanaian government has announced measures to halt declining crude oil production and restore investor confidence in the petroleum sector after output fell 32 percent between 2019 and 2024. Production dropped from 71.4 million barrels in 2019 to 48.2 million barrels in 2024, according to Public Interest and Accountability Committee (PIAC) reports. The decline has […]
Ghana’s Energy and Green Transition Minister, John Abdulai Jinapor, says government is taking decisive steps to reverse the sharp decline in oil production and restore investor confidence in the petroleum sector. Speaking at the 2025 Local Content Conference and Exhibition (LCCE) in Takoradi, the Minister announced a series of reforms aimed at “revitalising Ghana’s Petroleum […]
Ghana National Gas Company (Ghana Gas) has announced a series of strategic infrastructure projects aimed at strengthening the country’s gas evacuation and processing capacity, as part of efforts to sustain national energy security and drive industrial growth. In a speech read on her behalf at the 2025 Local Content Conference organized by the Petroleum Commission […]
US natural gas futures have climbed to their highest level since March, driven by anticipated colder weather increasing domestic heating demand and record-breaking LNG exports to European and Asian buyers. The surge in natural gas prices contrasts sharply with a drop in crude oil prices, creating a new market dynamic that favors natural gas producers […]
The Acting Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), Mr Kwame Ntow Amoah, has unveiled an ambitious vision to redefine local content as the cornerstone of Ghana’s energy independence and long-term operatorship. Speaking at the opening of the 2025 Local Content Conference and Exhibition in Takoradi, Mr Amoah called for a paradigm […]
Acting Chief Executive Officer of the Ghana National Petroleum Corporation, Kwame Ntow Amoah, has reaffirmed the Corporation’s leadership in revitalising Ghana’s upstream petroleum sector.
Italian major Eni and Malaysia’s national energy company Petronas have signed a binding agreement to create a 50-50 joint venture (NewCo) combining their upstream assets in Indonesia and Malaysia, the companies announced on Monday.