Energy analysts are firmly backing government’s decision to explore a restructuring or possible acquisition of Springfield Exploration and Production’s interest in the West Cape Three Points Block 2 (WCTP-2), describing the indigenous company’s investment record as “one of the boldest bets ever made by a Ghanaian firm in the upstream sector.
Turkiye is going to emerge as a key partner of Pakistani firms in the energy sector as the two countries are set to sign multibillion-dollar deals for offshore exploration and mineral projects this week. A high-level Turkish delegation, led by Minister of Energy and Natural Resources Alparslan Bayraktar, is arriving in Islamabad on Tuesday. Sources […]
Petralon Energy is progressing its drilling campaign at the Dawes Island field (PPL 259) in Nigeria, bringing the DI-2 well back online and spudding the DI-3 well as part of efforts to boost near-term output under the country’s Petroleum Industry Act (PIA). Following a site visit, Nigeria’s Minister of State for Petroleum Resources (Oil), Sen. Heineken […]
Angolan President João Lourenço opened a $4 billion gas processing plant in Soyo as the longtime crude producer increases its focus on the fuel. The facility, built by the Novo Consórcio de Gás, can process 400 million cubic feet of gas a day from Angola’s first standalone fields, Minerals and Petroleum Minister Diamantino Azevedo said […]
Nigeria is set to consolidate its dominance in Africa’s oil refining landscape as an international energy consortium has secured over $50 billion for the construction of a 500,000-barrel-per-day refinery and a 1,471-hectare free trade zone in Ondo State
Ghana’s Energy and Green Transition Minister, John Abdulai Jinapor, says government is taking decisive steps to reverse the sharp decline in oil production and restore investor confidence in the petroleum sector. Speaking at the 2025 Local Content Conference and Exhibition (LCCE) in Takoradi, the Minister announced a series of reforms aimed at “revitalising Ghana’s Petroleum […]
SM Energy Co. and Civitas Resources Inc. have agreed to merge in an all-stock transaction valued at approximately $12.8 billion, creating one of the largest independent oil-focused producers in the United States. Under the terms of the agreement, Civitas shareholders will receive 1.45 shares of SM Energy common stock for each Civitas share. Upon completion, […]
Excelerate Energy has signed a definitive agreement with Iraq’s Ministry of Electricity to develop the country’s first floating LNG import terminal at the Port of Khor Al Zubair, the company said on Tuesday.
Ghana has pledged to achieve universal electricity access by 2030, joining 16 other African nations in endorsing National Energy Compacts under the World Bank and African Development Bank-led Mission 300 initiative.
Ghana is set to host the 31st edition of AOW:Energy, the flagship event for Africa’s oil, gas, and energy sector, from 15th to 18th September 2025 in Accra, under the auspices of the Ministry of Energy and Green Transition and the Petroleum Commission