The international conversation over the future of oil and gas often focuses on demand trends while the factors affecting supply receive considerably less attention. The new IEA report, The Implications of Oil and Gas Field Decline Rates, seeks to rebalance this debate by drawing on previous groundbreaking IEA analysis on decline rates and exploring what has changed. The new analysis draws on production data from around 15 000 oil and gas fields from around the world.
The funding, which falls under the EU’s Global Gateway initiative, is aimed at boosting Namibia’s green hydrogen and ammonia production, as well as infrastructure such as transport networks, electricity grids, port facilities and vocational training.
TotalEnergies SE has signed production sharing contracts (PSCs) for four adjoining exploration blocks spanning about 12,700 square kilometers (4,903.49 square miles) in Liberian waters.
The company increased its ownership in WestOil Limited to 48.5%, giving it a 33.95% indirect working interest in Block 2712A, a 5,484 km² license in the basin’s core. The block sits adjacent to acreage held by Chevron and Pan Continental, strategically positioning Oregen within a high-potential exploration corridor.
In a milestone for Egypt’s upstream sector, ARGAS has purchased 30,000 STRYDE Range+ nodes and the company’s Nimble seismic system, marking the first deployment of nodal technology for onshore seismic acquisition in the country.
He highlighted the contributions of leading industry partners including ExxonMobil, Chevron, ENI, Seplat, FIRST E&P, Oando, TGS, and many others who have demonstrated unwavering commitment to Africa’s upstream story.
Ghana’s President, H.E. John Dramani Mahama, on Tuesday officially opened the Africa Oil Week (AOW) 2025 in Accra, pledging the government’s full support to make the event grow even bigger.
Italian oil and gas supermajor Eni, together with its partner Vitol, has signed a Memorandum of Intent (MoI) with Ghana’s national oil company, GNPC, to invest $1.5 billion in the upstream sector.
The Group Chief Executive Officer of Nigeria’s National Petroleum Company Limited (NNPC Ltd), Engr. Bashir Bayo Ojulari, has reaffirmed Nigeria’s unwavering commitment to partnering with other African nations to achieve sustainable energy security across the continent.
Mozambican President Filipe Jacinto Nyusi talks to The Energy Year about banking on natural gas as a transition energy source, collaborating with international financial institutions on infrastructure development and ushering in unprecedented investments in the Mozambican economy.