Kuwait Oil Company (KOC), a subsidiary of Kuwait Petroleum Corporation (KPC), has signed a $16 billion lease-and-leaseback agreement covering its domestic and export crude oil pipeline network with a consortium led by the Global investment firm, Blackstone, Infrastructure asset manager, Brookfield, and Private equity firm, KKR.
Fatima Dangote, daughter of Africa’s richest man and Executive Director for Oil and Gas at Dangote Group, has described the planned initial public offering (IPO) of the family’s refinery business as a major step for African industrialisation.
The Ghana government is advancing plans to develop a modular gas processing facility and a 1,200-megawatt state-owned gas-fired power plant.
Ghana’s Petroleum Funds recorded a combined balance of US$1.64 billion at the end of the first half of 2026, according to the Bank of Ghana’s latest report on the management of the funds. The report, which covers the period ending June 30, 2026, indicated that the Ghana Petroleum Funds received total allocations of US$197.13 million […]
Ghana earned $355.5 million from crude oil lifts in the first half of 2026, representing a 63 per cent increase over the same period in 2025.
The country has secured more than US$3.5billion of fresh investment commitments from partners in its flagship Jubilee and Offshore Cape Three Points (OCTP) oil fields as government moves to reverse years of declining crude production and restore confidence in the upstream petroleum sector, Finance Minister Dr. Cassiel Ato Forson has said.
ABL Group has been appointed by Oil Search (PNG) to provide marine warranty survey services (MWS) for Papua New Guinea’s (PNG) first offshore floating storage and offloading (FSO) facility.
India is on track to export the highest volume of refined petroleum products in months as refining margins have jumped with the re-escalation of the Middle East conflict.
Magnolia Oil & Gas Corporation announced, in a statement posted on its website, that it has entered into a definitive purchase agreement to acquire WildFire Energy for approximately $4.06 billion.
Matador Resources Co. agreed to buy Permian Basin assets from EnCap Investments LP for about $1.3 billion in cash, as US shale producers continue to expand their drilling inventories in the nation’s biggest oil field.