Ghana Plans Pipeline Extension to Burkina Faso for Regional Fuel Hub
Ghana Plans Pipeline Extension to Burkina Faso for Regional Fuel Hub Ghana’s Minister for Energy and Green Transition, John Jinapor, has announced plans to extend an oil pipeline from Ghana to Burkina Faso, positioning Ghana as the main hub for Burkina Faso to off-lift petroleum products. The minister commended the Bulk Oil Storage and Transportation […]
Saudi Aramco and Algeria’s Sonatrach Slash LPG Prices by Up to 10%
Saudi Aramco and Algeria’s Sonatrach Slash LPG Prices by Up to 10% In a significant market move, Saudi Arabia’s state oil producer Aramco and Algeria’s Sonatrach have cut official selling prices (OSPs) for liquefied petroleum gas in August by 4.6-10.1% due to rising global supply and weakening demand, traders reported today. Saudi Aramco reduced its […]
Libya Set to Announce Multi-Billion Dollar Investment in Waha Oil Complex
Libya Set to Announce Multi-Billion Dollar Investment in Waha Oil Complex Libya’s National Oil Corporation (NOC) is preparing to unveil a massive investment in the Waha oil complex, the country’s most productive upstream asset, sources confirmed today. The announcement, expected imminently, could involve several billion dollars in funding aimed at significantly boosting output from […]
BW Energy Contracts Deepsea Mira for Namibian Gas Appraisal Project
BW Energy Contracts Deepsea Mira for Namibian Gas Appraisal Project Oil and gas firm BW Energy and the National Petroleum Corporation of Namibia have contracted Odfjell Drilling’s Deepsea Mira semi-submersible rig for an upcoming appraisal well project offshore Namibia. The rig will provide drilling services for the Kharas appraisal well on the Kudu license in […]
Shelf Drilling Secures Two-Year Nigerian Contract Extension
Shelf Drilling Secures Two-Year Nigerian Contract Extension Dubai-based Shelf Drilling has announced a two-year contract extension for the Adriatic I jack-up rig with Conoil Producing Limited in Nigeria, extending a successful partnership that has lasted over eight years. The extension, which commenced earlier in 2025, will run through early 2027, with an additional one-year option […]
UK Firm Extends Subsea Well Support Contract for Egyptian Operations
UK Firm Extends Subsea Well Support Contract for Egyptian Operations British engineering firm Aquaterra Energy has secured an extension to continue providing subsea well support services offshore Egypt, building on successful collaboration since 2023 covering seven well locations. Under the extended contract, Aquaterra will continue analysis of producing subsea wells drilled from semi-submersible rigs, including […]
Eni Secures New Ivory Coast Offshore Exploration Block
Eni Secures New Ivory Coast Offshore Exploration Block Ivory Coast and Eni SpA have signed a contract for the acquisition of the CI-707 offshore oil-exploration block, according to cabinet meeting minutes. The three-year initial phase deal includes a minimum $20 million investment commitment from the Italian energy major. The agreement builds on Eni’s significant offshore […]
Egypt Strengthens Mediterranean Gas Exploration with Eni and BP Partnership
Egypt Strengthens Mediterranean Gas Exploration with Eni and BP Partnership The Egyptian General Petroleum Corporation and Egyptian Natural Gas Holding Company have signed a new agreement with Italy’s Eni and British BP to begin exploration activities in the Mediterranean Sea, including drilling an exploratory well in the Temsah concession area. The agreement was signed by […]
TSE Oil and Gas Ready to Launch €80 Million Namibian Exploration Program
TSE Oil and Gas Ready to Launch €80 Million Namibian Exploration Program Namibian energy firm TSE Oil and Gas stands ready to begin exploration in the Walvis Basin with a €80 million program, pending final government approval for operations in Block 2312. Chief Executive Officer Thomas Shindi confirmed that TSE submitted its application for a […]
Grand Gulf Energy Eyes Billion-Barrel Namibian Oil Block Opportunity
Grand Gulf Energy Eyes Billion-Barrel Namibian Oil Block Opportunity Australian-listed Grand Gulf Energy Limited is preparing to enter the offshore oil and gas sector after securing an exclusive option to acquire 100% of Wrangel Pty Ltd, which has applied for a 70% working interest in Namibia’s Block 2312. The company, currently specializing in helium exploration […]