Japan emphasizes the importance of energy cooperation with Russia and maintains its presence in oil and gas projects on Russian territory, Russian Foreign Ministry Spokeswoman Maria Zakharova said in an interview with TASS. The diplomat noted that Tokyo maintains and reaffirms the importance of its relations and energy cooperation with Moscow, “in particular, on the […]
Nigeria’s crude oil and condensate production rose marginally by 6,887 barrels per day (bpd) in August 2026, reaching 1,677,777 bpd, according to the latest data from the Nigerian Upstream Regulatory Commission (NUPRC). The August output represented a 0.4 per cent increase over the 1,670,890 bpd recorded in July, with the commission attributing the improvement largely […]
The planned Initial Public Offering (IPO) of the Dangote Group is being described as more than just a major share sale, with the company saying it could showcase Africa’s ability to build and manage large-scale industrial projects.
SED Energy Holdings Plc and Ventura Offshore Holding Ltd. have signed a letter of intent (LOI) for an all-share combination that would create a larger offshore energy services group with an implied pro forma equity value of approximately $1 billion. Under the proposed transaction, Energy Holdings would acquire 100% of Ventura Offshore’s outstanding shares. […]
Ghana and Uganda are strengthening cooperation in the upstream petroleum sector through the exchange of practical lessons on petroleum governance, regulation and operations.
Shell Energy North America (SENA) has agreed to acquire 169 MW of natural gas-fired generation capacity in Pennsylvania while selling its interests in RISEC Holdings LLC to Constellation Energy Generation for $715 million. SENA will acquire 100% of Hunlock Creek Generating LLC, which owns two gas-fired power facilities in Pennsylvania: a 125-MW, two-unit combined-cycle plant and a 44-MW simple-cycle peaking plant. The acquisition […]
North American Blue Energy Partners (NABEP), the U.S. government-backed producer of Venezuelan oil, plans to more than double crude production in just over two years as it expands operations in the South American country. NABEP aims to increase production to 500,000 bpd by the end of 2028 from about 200,000 bpd currently, the company said in a […]
U.S. crude oil production is on track to reach a record average of 13.8 MMbpd in 2026, driven by continued Permian basin growth and rising output from new projects in the federal Gulf of America, according to the U.S. Energy Information Administration‘s latest Short-Term Energy Outlook (STEO). The forecast would surpass the previous annual record of 13.7 […]
TotalEnergies is fast-tracking development of its Acacia-5 oil discovery offshore Angola, targeting first production just three months after the discovery while expanding its exploration portfolio with two new operated blocks. Acacia-5 was discovered in June 2026 on Block 17, where TotalEnergies holds a 38% operated interest. The discovery will be developed using available capacity on the existing […]
African Export-Import Bank (Afreximbank) is exploring additional financing opportunities across Angola’s oil and gas sector after investing nearly $2 billion in the industry, with a focus on expanding the ownership and operating roles of local companies.