Japan’s power generation major JERA has locked in majority control of Pan Pacific Energy, upgrading its indirect stake in Australia’s liquefied natural gas (LNG) project in a strategic play to shore up long-term energy security for Japan. JERA has strengthened its indirect participation in the Chevron-operated Wheatstone LNG project by acquiring all shares held by […]
The Ministry of Economic Affairs on Wednesday confirmed that state-owned CPC Corp., Taiwan will invest up to US$4.4 billion in an Alaska liquefied natural gas (LNG) project and buy 6 million metric tons of LNG a year once production begins. If the project proceeds on schedule, it could begin supplying LNG to Taiwan as early […]
India has opened a large swath of previously inaccessible offshore basins as it seeks to attract investment in exploration and production, combining new acreage with economic incentives and support through the Samudra Manthan program, Neeraj Mittal, secretary at the Ministry of Petroleum and Natural Gas, said Oct. 13. The reforms are designed to address investment […]
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, […]
Angola has attracted more than $10 billion in investment across mature oilfields through regulatory reforms and a flexible approach to investor engagement, according to Alcides Andrade, Executive Board Member at the National Oil, Gas & Biofuels Agency (ANPG). Speaking during a fireside chat at African Energy Week 2026 in Cape Town, Andrade said the investments […]
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 […]