Ghana’s government is moving to acquire an offshore exploration block regarded as one of the country’s most valuable undeveloped deepwater petroleum assets The government of Ghana plans to acquire a valuable offshore exploration block containing significant oil and gas reserves. This asset, identified by Springfield E&P, includes over 1.5 billion barrels of oil and 1.2 […]
* In February 2025, the new Minister of Energy announced Ghana’s withdrawal of the forced unitisation directive between ENI’s Sankofa field and Springfield’s Afina discovery. * IMANI was full of praise for the Minister because the forced unitisation order first issued in April 2020 was plainly absurd. It sought to compel Eni and Vitol to […]
Brent crude rose to 63.34 dollars per barrel on November 24, 2025, up 1.25 percent from the previous day, though the benchmark remained near month-long lows as diplomatic efforts to end the Russia-Ukraine conflict triggered concerns about potential oil supply increases. The modest daily gain followed a week when Brent logged its biggest decline since […]
Equinor ASA will drill about 26 wildcat and appraisal wells off the coast of Norway in 2026, mostly in the country’s North Sea, as the company looks to spend $6 billion a year over the next ten years to maintain the flow of oil and gas to Europe. Norway’s biggest oil and gas company will […]
The Environmental Protection Agency on Wednesday finalized a rule granting oil and gas operators more than a year in additional time to comply with mandates set by former President Joe Biden to replace leaky equipment and routinely monitor for escaped methane. The Trump administration said this rule will affect hundreds of oil and gas sources nationwide and save an […]
ADNOC Gas has signed a long-term agreement valued between $3.5 billion and $4.2 billion to supply lower-carbon natural gas to EMSTEEL, one of the UAE’s largest integrated steel and building materials manufacturers. The 20-year contract, effective Jan. 1, 2027, secures feedstock for EMSTEEL’s industrial operations while expanding ADNOC Gas’ long-term revenue portfolio. The deal reinforces the […]
Ivory Coast’s economic growth is poised to accelerate in the next five years as the country sees an increase in oil and gas activity, Planning and Development Minister Kaba Niale said. “We can do a much stronger growth rate in the coming five years,” Niale said in an interview at an African Development Bank conference […]
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 […]
In an oil and gas report sent to Rigzone by the Macquarie team late Monday, Macquarie strategists, including Walt Chancellor, revealed that they are forecasting that U.S. crude inventories will be up by 4.9 million barrels for the week ending November 21.