Angola’s largest private oil company, Etu Energias, will hold an IPO in 2026, the company’s CEO Edson R. dos Santos stated last Wednesday.
The new licensing round is intended to attract investors into the Liberia hydrocarbon industry and boost investment in the sector.
The U.S. federal government is considering ways of squeezing Iranian oil exports amid heightened Middle East tension following Tehran’s vow to avenge the death of Hamas leader Ismail Haniyeh.
Colombia’s state-controlled oil company Ecopetrol reported a net income for the second quarter that was down by 17.4% compared to the same period of 2023, due to external factors in variable market conditions.
New technology is unlocking new fields – and the wider world is buying, if not the West
Shell has signed a long-term engineering and procurement framework agreement with L&T Technology Services (LTTS), a subsidiary of Indian multinational EPC giant Larsen & Toubro, LTTS announced on Tuesday.
Impact Oil & Gas Limited has announced that its wholly-owned subsidiary, Impact Africa Ltd, has entered into an agreement with Silver Wave Energy to acquire its entire interest (10%) in Area 2, offshore South Africa.
Some stakeholders within the ruling All Progressives Congress (APC), under the aegis of the Tinubu Legacy Coalition (TLC), have called on President Bola Tinubu to remove the heads of the nation’s oil and gas regulatory agencies over alleged failure to effectively manage the sector.
Ghana’s petroleum sector once hailed as a great pillar of economic promise following significant discoveries like the Jubilee field in 2007, is now at a crossroads. Despite its potential, the sector has witnessed a worrying exodus of international oil companies (IOCs) and a stark reduction in exploration and production activities.
Shale driller CrownRock is selling a stake in Occidental Petroleum it hopes to generate some $1.7 billion, Bloomberg has reported, citing unnamed sources.