SEPLAT ENERGY TO RESCUE NIGERIA’S LNG EXPORTS WITH GAME-CHANGING SUPPLY DEAL
150,000-ton monthly gas boost could revitalize struggling NLNG plant Nigeria’s liquefied natural gas exports are poised for a substantial revival following a preliminary agreement between Seplat Energy and Nigeria LNG Limited (NLNG) that promises to inject more than 150,000 tons of gas monthly to the struggling NLNG plant. The deal, representing a 12% increase over […]
ETU ENERGIAS UNVEILS SPECTACULAR GROWTH STRATEGY: 20X PRODUCTION LEAP BY 2030
Angolan energy champion aggressively expands portfolio while embracing renewable future Angolan private energy firm Etu Energias has unveiled a breathtaking expansion strategy aimed at catapulting its oil and gas production from a modest 4,000 barrels per day in 2020 to an impressive 80,000 bpd by 2030—a remarkable twentyfold increase. Building on stellar performance in 2024, […]
NAMIBIA’S VENUS FIELD RACES TOWARD 2026 GREEN LIGHT AS MARULA EXPLORATION DISAPPOINTS
NAMCOR and partners accelerate development amid mixed exploration results The National Petroleum Corporation of Namibia (NAMCOR) and its joint venture partners—Impact Oil and Gas, Qatar Energy, and TotalEnergies—are advancing rapidly toward a Final Investment Decision (FID) for the promising Venus Field in Block 2913B, targeting early 2026 for this crucial milestone. Environmental and social impact […]
SUPERNOVA METALS MAKES BOLD MOVE TO DOMINATE NAMIBIA’S OFFSHORE ENERGY FRONTIER
Strategic acquisition could quintuple company’s stake in promising Orange Basin block Supernova Metals Corp. has announced an ambitious plan to quintuple its presence in Namibia’s coveted offshore energy sector through a non-binding letter of intent with Oregen Corp. The deal would see Supernova acquire an additional 36% interest in WestOil Limited, dramatically increasing its stake […]
NIGERIA SETS AMBITIOUS OIL TARGET: 2.5 MILLION BARRELS DAILY BY 2026
Government orders NNPCL to accelerate production amid renewed investor confidence The Federal Government has directed the Nigerian National Petroleum Company Ltd. to dramatically increase oil production to 2.5 million barrels per day by 2026, raising the bar from President Bola Tinubu’s initial target of two million barrels. Minister of State for Petroleum Resources, Mr. Heineken […]
CONGO UNLEASHES BOLD GAS REVOLUTION TO FUEL AFRICAN GROWTH
Strategic projects promise to transform domestic economy while tapping export markets The Republic of Congo is aggressively advancing plans to monetize its abundant gas resources through an ambitious portfolio of strategic projects and infrastructure developments aimed at serving both domestic needs and international markets. At the heart of this transformation is a renewed commitment to […]
STUNNING DISCOVERY: RHINO RESOURCES STRIKES RICH OIL PAYLOAD IN NAMIBIAN WATERS
Capricornus well yields spectacular flow rates as Orange Basin continues to deliver energy treasures In a dramatic breakthrough that confirms Namibia’s emergence as Africa’s hottest new energy frontier, Rhino Resources has announced exceptional results from its Capricornus 1-X exploration well in the Orange Basin. Using the Noble Venturer drillship, the company has tapped into a […]
COUNTDOWN BEGINS: NOBLE DRILLING GIANT POISED TO STRIKE OIL OFF AFRICAN COAST
Tullow completes critical seismic survey as Noble Venturer prepares for high-stakes drilling campaign The clock is ticking on a major new drilling campaign off the west coast of Africa as Tullow Ghana wraps up a sophisticated 4D seismic survey over its lucrative Jubilee and TEN oil fields. The strategic survey, designed to pinpoint high-value drilling […]
MAJOR BREAKTHROUGH: UAE-DUTCH ALLIANCE SEALS LANDMARK FLNG DEAL IN GABON
In a groundbreaking development that promises to reshape Africa’s energy future, UAE-based engineering powerhouse Technomak has joined forces with Dutch solutions provider Dixstone to execute a comprehensive engineering, procurement, construction, commissioning, and integration agreement for Perenco’s ambitious Cap Lopez FLNG project offshore Gabon. The landmark deal, described by industry insiders as a game-changer for the […]
NIGERIAN CRUDE HOLDS STRONG DESPITE OPEC PRODUCTION INCREASE
Nigeria’s premium crude oil grades continue trading above $65 per barrel despite OPEC+ announcing plans to increase global production by 500,000 barrels per day starting October 2024. The country’s flagship Bonny Light, Forcados, and Qua Iboe grades are fetching between $65 to $68 per barrel, maintaining a healthy premium to Brent benchmark prices. Analysts attribute […]