Africa stands at a crossroads in the flow of global energy dynamics — a pivotal moment where the continent can leverage its abundant fossil fuel resources for equitable development. To ensure this outcome, stakeholders must concentrate investment on key areas like refining capacity, trading networks, and adoption of cleaner fuels if Africa is to be […]
Brian Unietis, lead country manager for ExxonMobil Angola, talks to The Energy Year about the strategic redevelopment of Block 15 to support Angola’s 2030 oil output goals and the company’s use of advanced technologies to extend asset life and improve efficiency. ExxonMobil Angola explores for and produces oil and gas, operating one of the country’s […]
Swiss commodity trading major Gunvor is considering asset purchases in the U.S. oil and gas space, Reuters has reported, citing unnamed sources, in a bid to build a better relationship with the Trump administration. President Trump called Gunvor a “Russian puppet” after the Swiss company made a bid for the international business of Russian oil […]
Azule Energy, a 50-50 venture between BP PLC and Eni SpA, and its New Gas Consortium (NGC) partners have put into service a natural gas treatment facility with a capacity of about 400 million standard cubic feet of gas a day and 20,000 barrels of condensate per day in Soyo, northern Angola. The plant processes […]
ADNOC Gas PLC has signed a long-term deal worth $3.5-4.2 billion to supply natural gas to Emsteel. “The 20-year agreement, effective January 1, 2027, secures a stable and reliable supply of lower-carbon natural gas to power Emsteel’s operations and future growth”, a joint statement said. Emsteel chief executive Saeed Ghumran Al Remeithi said the contract […]
Brazilian oil major Petrobras announced a 2% decrease in its next five-year investment plan to $109 billion, putting dividend payments in doubt at a time of lower oil prices. Shares fell. The state-controlled oil producer is caught between the government’s desire to grow the economy – especially ahead of a 2026 presidential election – and investors who […]
Ecopetrol has approved an investment plan of COP 22–27 trillion ($5.4–$6.7 billion) for 2026, maintaining capital levels similar to those projected for year-end 2025 while prioritizing upstream development and operational efficiencies. Roughly 70% of next year’s budget — about COP 17.2 trillion — will go to exploration, production, refining and transport activities aimed at sustaining […]
Aker Solutions has secured a substantial long-term maintenance and modifications (M&M) contract from ConocoPhillips for work on the Eldfisk and Ekofisk fields offshore Norway, extending one of the company’s largest brownfield portfolios on the Norwegian Continental Shelf. The six-year frame agreement, which begins in January 2027, includes options for two additional three-year extensions. Work covers ongoing brownfield maintenance […]
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 […]