NNPCL Expands LNG Footprint with Kogi State Partnership
NNPCL Expands LNG Footprint with Kogi State Partnership NNPC Gas Marketing Limited has entered a joint venture agreement with Zuid Energies Limited for development of a 6 million standard cubic feet per day Compressed Natural Gas plant and 40 million standard cubic feet per day LNG facility in Ajaokuta, Kogi State. The partnership, announced during […]
Capricorn Advances Egyptian Development Wells Campaign
Capricorn Advances Egyptian Development Wells Campaign Capricorn PLC reported material progress in its strategic priorities during the first half of 2025, with Egyptian General Petroleum Corporation board approval of renewed concession terms marking a pivotal milestone for the company’s Western Desert operations. Working interest production in the Western Desert averaged approximately 20,000 barrels of oil […]
Nigeria Spearheads West African Regional Fuel Pricing Initiative
Nigeria Spearheads West African Regional Fuel Pricing Initiative Nigeria has partnered with S&P Global Commodity Insights to establish West Africa’s first regional pricing benchmark for refined petroleum products, addressing long-standing reliance on global reference markets that often fail to reflect regional supply chain dynamics. The initiative, unveiled at the West African Refined Fuel Conference in […]
Bourbon Lands Five-Year Vessel Contract with Eni Congo
Bourbon Lands Five-Year Vessel Contract with Eni Congo French maritime services provider Bourbon has secured a strategic five-year contract with Eni Congo to supply six next-generation crew vessels for operations at Italian energy giant Eni’s offshore Congo fields. The agreement covers charter of six new S200X-G2 units scheduled for progressive commissioning between June and December […]
BW Energy Secures Advanced Rig for First Kudu Field Drilling in 18 Years
BW Energy Secures Advanced Rig for First Kudu Field Drilling in 18 Years BW Energy has contracted the sixth-generation Deepsea Mira semi-submersible rig for drilling the Kharas appraisal well on the Kudu license offshore Namibia, marking the first drilling activity on the field since 2007. The Norwegian oil producer, operating with a 95% working interest […]
Angola Slashes China Oil Debt to $7.5 Billion as Financial Strategy Shifts
Angola Slashes China Oil Debt to $7.5 Billion as Financial Strategy Shifts Angola is set to dramatically reduce its oil-backed debt to China to between $7.5 billion and $8.0 billion by year-end, marking a strategic pivot away from commodity-backed borrowing as the oil-rich nation seeks greater financial stability. The projected figures represent a continued decline […]
Egypt Strikes Oil Gold: Agiba Petroleum Adds 4,100 Barrels Daily from New Well
Egypt Strikes Oil Gold: Agiba Petroleum Adds 4,100 Barrels Daily from New Well Egyptian oil production received a major boost as Agiba Petroleum Company successfully brought the “Arcadia-28” well online, adding an estimated 4,100 barrels of oil equivalent per day to the nation’s output following a precision acid stimulation operation completed on July 19, 2025. […]
Mozambique’s $20 Billion LNG Giant Set for Summer Restart After Four-Year Shutdown
Mozambique’s $20 Billion LNG Giant Set for Summer Restart After Four-Year Shutdown TotalEnergies and its partners are racing to restart construction on Mozambique’s massive $20 billion LNG project before summer’s end, marking a potential turning point for one of Africa’s most ambitious energy ventures that has been stalled since 2021. The project, which includes developing […]