Ghana Heritage Fund (GHF) has crossed a landmark legal threshold this year, with the 15-year lock period enshrined in the Petroleum Revenue Management Act (PRMA) now elapsed, meaning Parliament can, for the first time, authorise the withdrawal of accrued investment returns from the fund.
Multiple attacks on oil and gas facilities in Saudi Arabia have resulted in a 600,000-bopd reduction to the country’s oil production capacity and a 700,000-bopd loss in throughput along the East-West Pipeline, the Saudi state news agency SPA reported on Thursday.
Nigeria’s Oando plans to raise up to USD 750 million in 2026 for a drilling campaign that could lift output by 300% as investors return to West African producers amid disruption linked to the US-Israeli war on Iran, Reuters reported on Friday.
Saudi Arabia has restored full pumping capacity on its East-West Pipeline to about 7 million bopd after damage from attacks last week resulted in a 700,000-bopd loss in throughput, Reuters reported on Sunday.
Russia has restarted limited oil loadings at its Black Sea port of Novorossiysk after a drone attack earlier this week forced a full suspension.
Oil prices surged back above $100 a barrel in early Asian trade following the collapse of U.S.-Iran negotiations and Trump’s announcement that the U.S. would blockade the Strait of Hormuz. At the time of writing, West Texas Intermediate was trading at $105.30 per barrel, up 9.04%, while Brent had risen 8.55% to trade at $103.30. Both benchmarks remain roughly […]
Russia would be ready to keep supplying natural gas to Europe if there are any volumes left from increased exports to other markets, Kremlin spokesman Dmitry Peskov told Russian media on Sunday.
Oman’s Energy and Minerals Ministry on Sunday opened bidding applications for five new oil and gas concession areas.
Türkiye has launched its first overseas offshore drilling campaign, deploying the ultra-deepwater drillship Çağrı Bey to drill the Curad-1 well offshore Somalia, marking a significant expansion of its upstream footprint beyond domestic waters.
TotalEnergies is progressing a broad slate of upstream and LNG projects across Africa, positioning the region as a key driver of production growth through 2026 and beyond. The company’s African portfolio accounts for roughly half of its operated production and remains its largest area of exploration spending. Several projects are now moving into execution and […]