Libya and Russia Explore Expanded Cooperation in Oil and Gas Sector
Libya and Russia Explore Expanded Cooperation in Oil and Gas Sector Libya and Russia have held talks aimed at strengthening cooperation in the oil and gas sector. Khalifa Rajab Abdul Sadiq, Libya’s Minister of Oil and Gas, met with the Russian Ambassador to Libya, Aidar Aganin, in Tripoli on Monday to explore partnership opportunities, technical […]
Murphy Oil Encounters Non-Commercial Hydrocarbons Off Ivory Coast, Plans Further Exploration
Murphy Oil Encounters Non-Commercial Hydrocarbons Off Ivory Coast, Plans Further Exploration Houston-based Murphy Oil has encountered non-commercial hydrocarbons during drilling activities at an exploration well off the coast of Côte d’Ivoire on the southern coast of West Africa. The company revealed that the Civette exploration well in Block CI-502 offshore Côte d’Ivoire reached a total […]
Equatorial Guinea Seeks $300 Million in Oil and Gas Prepayment Deals to Revive Declining Production
Equatorial Guinea Seeks $300 Million in Oil and Gas Prepayment Deals to Revive Declining Production Equatorial Guinea, the smallest member of the Organization of the Petroleum Exporting Countries, has turned to commodity trading companies for prepayment deals on oil and liquefied natural gas to help finance a revival of domestic hydrocarbon production. The Central African […]
Canadian Explorer ReconAfrica Secures $27 Million to Fast-Track Namibian Well Test as Company Deploys Takeover Defense
Canadian Explorer ReconAfrica Secures $27 Million to Fast-Track Namibian Well Test as Company Deploys Takeover Defense Canadian explorer Reconnaissance Energy Africa has completed a major financing round, raising approximately $27 million in gross proceeds to fund critical exploration activities across its portfolio in Namibia and Gabon. The company announced that it successfully closed its listed […]
Sintana Energy Eyes Indirect Stake in Namibia’s Walvis Basin Through New Partnership Canada-headquartered oil and natural gas exploration player Sintana Energy has entered into a letter of intent to secure a period of exclusivity regarding an investment that unlocks an indirect interest in PEL 37 off the coast of Namibia. The move enables a period […]
BluEnergies and TotalEnergies Join Forces for Deepwater Exploration Offshore Liberia
BluEnergies and TotalEnergies Join Forces for Deepwater Exploration Offshore Liberia BluEnergies has entered into a major agreement with TotalEnergies to jointly investigate the deepwater fan play in the Harper Basin offshore Liberia, marking a significant development for the West Africa Transform Margin. The partnership should lead to the award of a reconnaissance license over three […]
Uganda Secures $4 Billion UAE Partnership for National Oil Refinery
Uganda Secures $4 Billion UAE Partnership for National Oil Refinery Uganda’s long-awaited national oil refinery has reached a critical milestone with the government finalizing a $4 billion partnership with UAE-backed investor Alpha MBM Investments LLC, a development that could transform fuel supply dynamics across East Africa. After more than a decade of delays, the project […]
Shell Restarts $12 Billion Nigeria Deepwater Oil Project After Years of Delay
Shell Restarts $12 Billion Nigeria Deepwater Oil Project After Years of Delay In a major development for Nigeria’s petroleum sector, Shell Plc has relaunched preparatory work on the long-stalled Bonga South West-Aparo offshore oil project by issuing a new tender for a floating production, storage, and offloading (FPSO) unit. The move signals renewed momentum for […]