Oil prices steadied on Wednesday after a sharp 4% slide the day before, with Brent trading near $63.08 and WTI around $58.80 at 11:01 a.m. ET, as traders reassessed the latest OPEC shift toward a more balanced 2026 market outlook. The passage of the U.S. funding deal that ended the government shutdown removed one macro problem, but crude remained focused on supply signals rather than broader risk sentiment.
Libyan company Zallaf Oil and Gas has shipped the first export cargo from the Chadar oil field, at 600,000 barrels.
Nigeria will launch its 2025 oil licensing round on December 1, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced. The regulator said the new cycle aims to attract private investment and revive the country’s oil and gas output.
It is not an exaggeration to say that South Africa’s offshore gas discoveries offer up a potential economic transformation for the country that would be on par with Guyana’s oil-driven boom or Suriname’s emerging energy sector.
The Minister for Energy and Green Transition, John Abdulai Jinapor, has paid a working visit to the Ghana National Petroleum Corporation (GNPC) and its subsidiary, GNPC Explorco, as part of his ongoing tour of agencies under the Ministry.
The Minister for Finance, Dr Cassiel Ato Forson, has presented the 2026 Budget Statement and Economic Policy with a candid assessment of the nation’s petroleum sector, highlighting a significant slump in 2025 and outlining an ambitious reform to ensure oil wealth benefits domestic development
ExxonMobil is expanding its exploration portfolio offshore Greece with a new farm-in agreement for a block in the northwestern Ionian Sea.
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.