Oil prices rose modestly in early Asian trading on Monday after OPEC+ opted for a limited production increase in December and delayed further hikes in the first quarter of 2026, signalling caution amid demand uncertainty.
Italy’s Eni has signed a reconnaissance permit agreement with the Petroleum Directorate of Sierra Leone to advance offshore technical studies, the PDSL said on Friday.
The Petroleum Commission has engaged Enterprise Singapore, the government agency responsible for driving Singapore’s external economy, to explore new investment opportunities in Ghana’s upstream petroleum sector. The meeting chaired by the Acting Deputy Chief Executive Officer of the Commission, Mr. Nasir Alfa Mohammed, brought together senior officials from both organisations.
The Parliamentary Select Committee on Energy, led by its Chairman and Member of Parliament for Ho West, \xa0Emmanuel Bedzrah, has completed a working visit to Tullow Ghana’s Jubilee and TEN oil fields in the Western Region.
Ghana is in the final stages of adopting a national policy on radioactive waste and spent fuel management after 15 years of its development, as the country positions itself to incorporate nuclear energy into the energy mix by 2030.
Exxon has canceled a public appearance by several executives scheduled for today, at which they were supposed to reaffirm the company’s commitment to the Rovuma LNG project, currently frozen, in the company of Mozambique’s president, Daniel Chapo.
80 Mile PLC, which holds a 30% interest through its subsidiary White Flame Energy A/S, is partnered with March GL, which will fund and operate the upcoming drilling campaign. Preparations are underway for two exploration wells scheduled to begin in second-half 2026, each targeting depths of at least 3,500 m. Halliburton has been contracted to provide drilling services and logistics, with IPT Well Solutions serving as project manager.
The Norwegian Offshore Directorate (NOD) has granted Equinor Energy AS a drilling permit for wellbore 7018/5-2 in production license 1236, located in the Barents Sea on the Norwegian Continental Shelf. The authorization was issued under Section 13 of the Resource Management Regulations, NOD confirmed on October 29, 2025.
Senegal is actively reducing its historical dependence on imported fossil fuels through both domestic hydrocarbons and renewable energy initiatives. The government’s strategy prioritizes using natural gas for domestic power generation, aiming to reduce costly heavy fuel oil consumption while directing hydrocarbon revenues toward broader development objectives.
Indian Oil Corp. is looking to buy 24 million barrels of crude oil from the Americas in the first quarter of next year to replace lost Russian supply after the latest U.S. sanctions on Rosneft and Lukoil.