Nigeria has sharply increased its share of Africa’s upstream final investment decisions (FIDs) following a series of energy sector reforms aimed at restoring investor confidence and accelerating project approvals.
Offshore driller Noble Corporation has secured about $565 million in new contract value since its last fleet update, lifting its backlog to $7.5 billion as fleet utilization improved.
Tullow Oil and its partners plan to introduce riser-based gas lift next year for the western side of the deepwater Jubilee Field offshore Ghana, according to the company’s full-year 2025 report.
The U.S. continues to seek to pile pressure on Iran with the naval blockade outside the Strait of Hormuz as the Trump Administration signals the blockade is yielding results and will not be lifted anytime soon.
After quitting OPEC and OPEC+, the United Arab Emirates (UAE) is set to grow its oil production faster when the current Hormuz crisis is over, according to analysts at Barclays
Philippe N’Da, managing director of ICE Oil & Gas, talks to The Energy Year about the rationale for selecting Block CI-705 as an anchor exploration asset and the growing momentum in West Africa’s upstream following recent offshore discoveries.
INEOS Acetyls and Sandpiper Chemicals have entered into a collaboration to develop a low-carbon methanol facility in Texas City, Texas, the companies announced on Wednesday.
Ares Management, through funds led by Ares Infrastructure Opportunities, has acquired a 32.4% stake in the Rover Pipeline from funds managed by Blackstone Energy Transition Partners, the companies announced on Wednesday.
bp Plc and Venezuela agreed on a deal to explore for natural gas offshore as the South American country’s energy revival gathers pace following the U.S. capture of Nicolas Maduro.
Oil surged to the highest since June 2022, with no end in sight to the US-Iran conflict or choked-off energy flows through the Strait of Hormuz, heightening concerns over a rapidly shrinking global supply cushion.