Ghana has moved further to deepen its oil exploration with the endorsing of a Memorandum of Understanding (MoU) with Shell and Chevron covering exploration and production rights over the South Deepwater Tano Cape Three Points block. The MoU includes the appraisal of the existing Nyankom discovery as the country seeks to revive upstream investment. The agreement […]
Namibia’s emerging oil and gas industry presents an opportunity that extends far beyond the production of hydrocarbons
Natural gas has become a major commercial driver for the Ghana National Petroleum Corporation (GNPC), generating $952 million in sales revenue in 2025. Mr Hamis Ussif, the GNPC’s Deputy Chief Executive in charge of Finance, Commercial and Administration, said the development reflected the growing importance of gas to the Corporation’s operations and Ghana’s wider energy […]
Tullow Oil expects full-year production at the top end of its guidance after a strong first half in Ghana, although refinancing costs pushed it deeper into the red. The Ghana-focused oil producer pumped an average of 43,700 barrels of oil equivalent a day in the six months to June, up from 40,600 a year earlier. […]
Kyrgyzneftegaz OJSC and the Chinese company Sinopec have agreed to expand cooperation on geological exploration in the Alay Valley of Kyrgyzstan. According to Kyrgyzneftegaz, a Kyrgyz delegation attended an international conference on oil and gas engineering technologies in Beijing, where they familiarized themselves with modern drilling technologies, geophysical survey methods, and other advanced techniques used […]
Anabela Marcos, Managing Director of SONILS, talks to The Energy Year about rising logistics demand from Angola’s offshore investment cycle, the expansion of the company’s technical and human capabilities and its strategy to develop an integrated regional logistics platform. SONILS operates an onshore supply base in Luanda providing logistics, cargo handling, warehousing, heavy lifting, fabrication […]
Eni has been awarded a 100% participating interest in the Sapukala offshore exploration block in Indonesia’s Kutei basin as part of the country’s first 2026 petroleum bidding round. The Sapukala block covers deepwater acreage in water depths ranging from 1,000 to 2,500 meters offshore East Kalimantan. The acreage is adjacent to Eni’s existing operated […]
The Federal Government and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have called for sustained investment in Nigeria’s oil and gas industry, stressing the need for policy stability, regulatory certainty, security and faster project execution to keep the sector competitive amid the global energy transition. The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, […]
Saudi Arabia has sold almost 100 million barrels of oil to Asian buyers since the middle of last week, according to traders familiar with the matter, helping to avert a looming supply crunch in the region. The crude for delivery in October and November will be sent via the Strait of Hormuz, said the traders, […]
NIPCO Group says it has invested approximately two billion dollars in Nigeria’s oil and gas sector, covering pipelines, CNG, LPG and retail infrastructure. Mr Nagendra Verma, Managing Director, NIPCO, disclosed this on Thursday while briefing newsmen on the company’s developments in Nigeria’s oil and gas sector. “Over the years, the group has invested approximately two […]