Gabon Oil Company (GOC) is emerging as a key growth engine in Central Africa’s hydrocarbons scene. Through strategic acquisitions, disciplined operations and a renewed exploration drive, the national oil company is positioning itself as both a production stabiliser and a catalyst for future energy expansion.
The company on Wednesday announced a new midterm management plan spanning fiscal years 2026 and 2028, with the goal for dividends to reach 140 yen ($0.92) per share by the end of the period. That compares with its 100 yen dividend for the current fiscal year.
An Aframax tanker carrying Russian crude to India has reversed course soon after leaving the Russian coast and is currently idling in the Baltic Sea, Kpler has reported, as cited by Bloomberg. The crude on board comes from Rosneft, which the U.S. sanctioned a week ago.
Nigeria’s Dangote Refinery will expand capacity to 1.4 million bpd by 2028 with the addition of a new 750,000 bpd processing line, Argus reported on Monday. The second line will be built in Lagos alongside Dangote’s existing 650,000-bpd unit, which began commercial operations in 2024. A potential capacity expansion was part of the facility’s original […]
Israel’s Natural Gas Authority allocated 41.8 percent of the capacity of the planned Nitzana natural gas pipeline to Egypt to the Chevron Corp-led Leviathan consortium, Leviathan co-venturer NewMed Energy LP said Sunday.
North Rafah spans nearly 3,000 square kilometers (1,158.31 square miles) in the Mediterranean Sea off the northeastern coast of Egypt, QatarEnergy noted. The block has a water depth of up to 450 meters (1,476.38 feet), it said.
The U.S. president earlier this year stepped up his rhetoric against Venezuela’s government, saying both President Nicolas Maduro and senior members of his cabinet were involved in drug trafficking. Trump also put a higher bounty on Maduro’s head, at $50 million, and ordered boats coming from Venezuela—allegedly with drugs on board—to be destroyed.
SLB and Ormat Technologies have entered a strategic agreement to fast-track the development and commercialization of integrated geothermal assets, including enhanced geothermal systems (EGS). The partnership aims to scale next-generation geothermal solutions capable of delivering clean, reliable baseload energy in regions beyond traditional hydrothermal resources.
Halliburton has signed a framework agreement with Shell to provide umbilical-less tubing hanger installation and retrieval services using its Remote Operated Control System (ROCS) technology. The multi-well agreement follows a successful three-well technology phase in the Gulf of America, where ROCS demonstrated measurable gains in speed, safety and operational precision.
The Centre for Environmental Management and Sustainable Energy (CEMSE) has called for a pragmatic, partnership-driven approach to reviving the Tema Oil Refinery (TOR), emphasising that a tolling agreement, rather than an outright sale, offers the most sustainable path to restoring the refinery’s operational and financial viability.