ADNOC investment powerhouse XRG is eyeing participation in the 12-million-tpy Argentina LNG project and has signed a preliminary deal with Eni and YPF, the companies said on Tuesday.
Egypt has launched a new international bidding round for oil and gas exploration in the Red Sea. The announcement was made on November 4, 2025, by Minister of Petroleum and Mineral Resources Karim Badawy during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2025). The tender covers the offshore blocks RS-1, RS-2, RS-3, and RS-4.
Egypt’s Ministry of Petroleum and Mineral Resources has signed two agreements with SLB and Viridien to deploy advanced seismic technologies and extend the Egypt Upstream Gateway (EUG) digital platform in the East Mediterranean, the company said.
Acting Chief Executive Officer of the Ghana National Petroleum Corporation, Kwame Ntow Amoah, has reaffirmed the Corporation’s leadership in revitalising Ghana’s upstream petroleum sector.
SLB has launched Tela, an agentic AI assistant designed to transform oil and gas exploration and production workflows, the company said on Monday.
Africa’s oil and gas industry is entering a new phase of consolidation and exploration as mergers, acquisitions, and fresh licensing rounds reshape the continent’s upstream landscape heading into 2026.
Nigeria’s national oil company is set to increase oil production to 2 million barrels daily over the next two years, its executive vice president for upstream said. By 2030, NNPC will be pumping 3 million barrels daily, Udy Ntia also said, as quoted by the News Agency of Nigeria.
Libya’s National Oil Corporation (NOC) said on Tuesday its wholly-owned subsidiary Arabian Gulf Oil Company (ACOGO) has made a new oil discovery in the Ghadames basin in northwestern Libya, close to the Libyan-Algerian border.
The KM250 project adds 250 million standard cubic feet per day (MMscf/d) of new processing capacity, boosting Khor Mor’s total output to 750 MMscf/d—a 50% increase. The expansion will significantly strengthen power generation across the KRI and contribute to Iraq’s broader electrification goals by delivering cleaner-burning natural gas to regional power plants.
Shale Gas Market Expands Rapidly with Rising Energy Demand and Technological Advances