Dangote Petroleum Refinery and Petrochemicals has recorded a net profit of $4.73 billion in the nine months ended September 30, 2026, reversing a $117.2 million loss in the corresponding period of 2025, as revenue rose 144 per cent to $22.5 billion. The unaudited financial results, released in Lagos yesterday, showed a sharp improvement in the […]
Ghana has secured investment commitments of US$3.5 billion towards expanding operations and drilling new wells in the upstream petroleum sector, Minister for Energy and Green Transition Dr John Abdulai Jinapor has disclosed. According to Dr Jinapor, the commitments reflect growing investor confidence in Ghana’s petroleum industry following sustained engagement with investors and ongoing legal and […]
Ghana has recorded a 30% increase in crude oil production, reversing five years of decline and signalling renewed activity in its offshore oil sector. Minister of Energy and Green Transition John Abdulai Jinapor announced the increase during the opening fireside chat at African Energy Week (AEW) 2026 on Tuesday. He linked the growth to new […]
The Executive Director of the Centre for Environmental Management and Sustainable Energy (CEMSE), Benjamin Nsiah has called on government to develop a comprehensive strategic policy for Ghana’s petroleum refining and downstream sector to strengthen energy security and reduce the country’s exposure to global oil price shocks. He says a clear policy framework will help guide […]
Oil and Gas Development Company Limited (OGDC) has set a five year target to increase crude oil production by 68% to 60,384 barrels per day and natural gas sales by 46% to 1,167 million standard cubic feet per day by FY2030-31. APP quoting official documents reported that the company plans to raise crude oil production […]
Saudi Arabia is planning to ramp up pipeline capacity by 40% to avoid the Strait of Hormuz, after the kingdom leaned heavily on an existing cross-country conduit to export oil during the Iran war. As the kingdom struggles to fend off almost daily attacks on its energy and civilian infrastructure, Energy Minister Prince Abdulaziz bin […]
Murphy Oil Corporation has announced an offshore oil discovery in Vietnam and successful appraisal drilling in Côte d’Ivoire, alongside new production milestones at its Lac Da Vang development offshore Vietnam and Chinook field in the U.S. Gulf. Offshore Côte d’Ivoire, Murphy’s Bubale West-1X appraisal well in Block CI-103 encountered approximately 88 ft (27 m) […]
Seadrill Limited has secured new offshore drilling contracts and extensions in Indonesia, Malaysia, Angola and the U.S. Gulf, including a $420 million award for the West Carina drillship, strengthening its contracted rig activity through 2030. In Indonesia, the West Carina was awarded a contract with an undisclosed operator valued at approximately $420 million for a […]
Vallourec has secured a contract from TotalEnergies to supply more than 16,000 tons of tubular products for the development of the Absheron offshore gas field in Azerbaijan’s sector of the Caspian Sea. The contract covers oil country tubular goods (OCTG) and approximately 159 km of line pipe, supporting drilling, completion and pipeline infrastructure requirements for […]
Italian oil and gas company Eni is targeting 2027 for its first exploration well on Block 24, offshore the Republic of Congo, subject to the results of ongoing seismic data analysis. Eni CEO Claudio Descalzi outlined the plan on October 9 after talks with Congolese President Denis Sassou N’Guesso in Brazzaville. After the meeting, Descalzi […]