Angola Accelerates Strategic Shift Toward Non-Associated Gas Development
Angola Accelerates Strategic Shift Toward Non-Associated Gas Development Angola is accelerating a strategic shift in its gas sector, moving beyond reliance on associated gas reinjection toward non-associated gas development, LNG optimization, expanded midstream infrastructure, and rising domestic demand. The transition marks a critical inflection point in the country’s long-term energy strategy as declining oil […]
Libya Signs Energy Cooperation Deal with Saudi Firm, Eyes Zuwara Refinery Partnership
Libya Signs Energy Cooperation Deal with Saudi Firm, Eyes Zuwara Refinery Partnership The Libya Africa Investment Portfolio signed a memorandum of understanding with Saudi Arabia’s Ajyal Petroleum and Energy Company on January 26, exploring cooperation in oil, energy, and infrastructure sectors, with discussions centering on potential participation in the Zuwara Oil Refinery project. The […]
Nigeria Opens Frontier Lake Chad Oil Blocks Despite Security Challenges
Nigeria Opens Frontier Lake Chad Oil Blocks Despite Security Challenges Nigeria has offered investors oil blocks near its northeastern border in the Lake Chad basin, a region where conflict with Islamist insurgents has persisted for decades, as the country pursues ambitious production targets. Out of 50 oil blocks in the latest bidding round offered […]
Africa Positioned to Dominate Global High-Impact Exploration Drilling Through 2026
Africa Positioned to Dominate Global High-Impact Exploration Drilling Through 2026 Africa is expected to maintain its position as the world’s most active region for high-impact oil and gas exploration drilling in 2026, driven by sustained interest in ultra-deepwater and frontier basins, according to new analysis from Rystad Energy. Global high-impact wildcat drilling activity carried […]
Nigerian Military Reclaims Strategic Adibawa Oil Well, Deploys Permanent Force to Combat Theft
Nigerian Military Reclaims Strategic Adibawa Oil Well, Deploys Permanent Force to Combat Theft Nigeria’s Joint Task Force South South, Operation Delta Safe, has successfully reclaimed the Adibawa Oil Well from crude oil thieves and finalized plans to establish round-the-clock surveillance at the site in partnership with Reconizer Oil Company, marking a strategic shift from […]
Afreximbank Throws $17.5 Billion Lifeline to Angola’s Sonangol Amid Production Decline
Afreximbank Throws $17.5 Billion Lifeline to Angola’s Sonangol Amid Production Decline The African Export-Import Bank has announced a massive $17.5 billion financing facility for Angola’s national oil company Sonangol, marking one of the largest trade finance deals in African energy history as the country battles to stabilize crude output and maintain its position in […]
Libya Lands Historic $20 Billion Oil Deal, Eyes Nigeria’s Crown as Africa’s Top Producer
Libya Lands Historic $20 Billion Oil Deal, Eyes Nigeria’s Crown as Africa’s Top Producer In a landmark move that could reshape Africa’s energy landscape, Libya has secured a $20 billion investment from TotalEnergies and ConocoPhillips in a 25-year partnership designed to catapult the North African nation toward potentially overtaking Nigeria as the continent’s leading […]
LongTerm Energy Outlook Supports Continued Oil and Gas Demand
LongTerm Energy Outlook Supports Continued Oil and Gas Demand Latest industry outlooks indicate that global oil and gas demand is expected to remain significant despite ongoing energy transition efforts. Population growth and industrialization continue to drive consumption. Natural gas is projected to grow faster than oil in several regions, supported by power generation […]
Energy Companies Accelerate Digital Transformation Efforts
Energy Companies Accelerate Digital Transformation Efforts Oil and gas companies are expanding the use of digital technologies to enhance operational efficiency and reduce costs. Artificial intelligence and data analytics are being deployed across exploration, production, and maintenance activities. Digital tools are improving predictive maintenance and reducing unplanned downtime. This is contributing to stronger […]
Refining and Downstream Sector Shows Strong Operational Performance
Refining and Downstream Sector Shows Strong Operational Performance The global refining sector continues to demonstrate resilience, with utilization rates remaining strong across major hubs. Demand for refined products has supported steady margins. Operators are optimizing refinery configurations to meet evolving fuel specifications and environmental standards. Investments in efficiency upgrades are ongoing. Petrochemical […]