U.S. crude oil production is on track to reach a record average of 13.8 MMbpd in 2026, driven by continued Permian basin growth and rising output from new projects in the federal Gulf of America, according to the U.S. Energy Information Administration‘s latest Short-Term Energy Outlook (STEO). The forecast would surpass the previous annual record of 13.7 […]
TotalEnergies is fast-tracking development of its Acacia-5 oil discovery offshore Angola, targeting first production just three months after the discovery while expanding its exploration portfolio with two new operated blocks. Acacia-5 was discovered in June 2026 on Block 17, where TotalEnergies holds a 38% operated interest. The discovery will be developed using available capacity on the existing […]
African Export-Import Bank (Afreximbank) is exploring additional financing opportunities across Angola’s oil and gas sector after investing nearly $2 billion in the industry, with a focus on expanding the ownership and operating roles of local companies.
The Angola Oil&Gas (AOG) Conference and Exhibition opened in Luanda on Wednesday with Angola looking toward its next phase of oil and gas development, underpinned by a Hydrocarbon Strategy through 2050, more than $70 billion in projected upstream investment, Sonangol’s expanding operational footprint and new downstream infrastructure. Financing that next phase could receive a major […]
Senegal intends to offer local investors the opportunity to participate in the development of 109 oil and gas blocks. This was announced on 9 September by the country’s Minister for Energy, El Hadji Abdourahmane Diouf, during a programme on Sen TV.
The Government of Ghana, the Ghana National Petroleum Corporation (GNPC) and GNPC Explorco have signed a non-binding memorandum of understanding with Shell and Chevron. The MoU covers the South Deepwater Tano Cape Three Points block offshore Ghana’s Western Region. As reported by Reuters, the agreement was signed in Accra on September 1, 2026, at the […]
GNPC Explorco, Ghana’s national exploration company, has highlighted the investment opportunities in the Voltaian Basin as the country seeks to attract new investment into its upstream petroleum sector. The company made the case for increased exploration and strategic partnerships in the basin during Ghana Day at AOW:Energy 2026 in Accra. Speaking at the event, the […]
The Government of Ghana has signed two Memoranda of Understanding (MoUs) with ENI Ghana, Vitol Upstream Tano Ltd (Vitol) and the Ghana National Petroleum Corporation (GNPC) covering offshore acreages GH WB 3 and GH WB 8 in the Tano Basin. The agreements, signed by the Minister for Energy and Green Transition, Dr John Abdulai Jinapor, […]
Shell will acquire stakes in two bp-operated exploration opportunities offshore Brazil and in the Gulf of America, expanding collaboration between the majors ahead of planned exploration drilling. Under the agreements, Shell will acquire a 50% interest in the Tupinambá exploration block in Brazil’s offshore Santos basin and a 30% interest in five leases containing the Conifer exploration prospect in the deepwater […]
Adebayo Ige, CEO of International Energy Services Limited (IESL), talks to The Energy Year about how Nigeria’s Decade of Gas is translating into projects for indigenous operators, the growing capabilities of Nigerian companies and IESL’s strategy to expand from services into asset ownership and selected African markets. International Energy Services Limited is a Nigerian provider […]