Ghana’s offshore oil and gas industry is showing renewed signs of recovery after years of declining output, with new drilling activities, planned investments and licence extensions expected to boost production and strengthen the country’s energy security.
South Africa plans to increase its strategic oil reserves for the first time since the apartheid government stockpiled crude, adding to measures across the continent to mitigate supply shocks.
Marubeni has sold its 12.5% interest in the Big Foot oil and gasfield in the US Gulf to Modiin Energy and Eventide Partners, the companies said on Thursday.
Peninsula Pipeline Company (PPC), a subsidiary of Chesapeake Utilities, will develop, construct and operate a USD 1.2-billion natural gas pipeline in southern Florida to expand its transportation capacity in the state, Chesapeake announced on Monday.
Halliburton has been awarded integrated drilling and completions contracts for the GranMorgu deepwater development offshore Suriname, a long-term project operated by TotalEnergies that will utilize digital workflows and automation to support well construction.
Unity has entered the Asia-Pacific market after securing its first regional contract in partnership with Malaysia-based Reservoir Link Sdn. Bhd. to deliver a three-well rigless intervention program for a major international offshore operator in Malaysia.
The Republic of Congo has appointed Franc Mouzabakani Kiesse as Director General of the Upstream Petroleum Sector, placing a veteran petroleum executive in charge of overseeing the country’s exploration and production activities as it pursues higher crude output and expanded upstream investment.
Condor Energies has achieved record production from its Uzbekistan operations after the K-42 well at the Kumli Northwest field delivered stronger-than-expected test results, supporting further development of the company’s Central Asian gas project.
The European Union failed to endorse a 21st sanctions package against Russia on Monday, putting the bloc at risk of undermining one of its key tools to restrict the Kremlin’s oil revenue.
Northern Oil and Gas (NOG) reaffirmed its 2026 production and capital expenditure guidance Monday after reporting improving production conditions in the Permian basin, continued acquisition activity and the closing of its previously announced Duvernay joint development transaction.