Egyptian Oil Company Exceeds Production Targets with Major Infrastructure Upgrades
Egyptian Oil Company Exceeds Production Targets with Major Infrastructure Upgrades North Bahariya Petroleum Company (NORPETCO) has reported strong performance results for fiscal year 2024/2025, commencing crude oil production from the Ferdous-23 well while drilling 13 new wells that exceeded its annual target. The company also added 1.5 million barrels of proven reserves during the period. […]
Senegal’s Oil Production Surge Promises Economic Transformation
Senegal’s Oil Production Surge Promises Economic Transformation Senegal’s Sangomar offshore oil field has achieved a significant milestone, producing 9.1 million barrels in the second quarter of 2025, marking the country’s successful entry into the ranks of oil-producing nations. The field produced 3 million barrels in April, 3.1 million in May, and 3 million in June, […]
TotalEnergies Prepares Major Offshore Drilling Campaign in South African Waters
TotalEnergies Prepares Major Offshore Drilling Campaign in South African Waters French energy giant TotalEnergies is planning an extensive drilling campaign offshore South Africa in the Deep Western Orange Basin, with plans to drill up to seven wells targeting prospects similar to major nearby discoveries in Namibian waters. TotalEnergies EP South Africa (TEEPSA) will explore the […]
Egypt’s Digital Oil Platform Attracts Over $1.2 Billion in Just Four Years
Egypt’s Digital Oil Platform Attracts Over $1.2 Billion in Just Four Years Egypt’s upstream investment gateway has emerged as a major success story, attracting investments worth over $1.2 billion for drilling 127 wells across 51 areas since its launch in February 2021. The Egypt Upstream Gateway (EUG) now comprises 47 member companies, demonstrating the country’s […]
Angola’s Sonangol Revives Massive 30% IPO Plan After Three-Year Delay
Angola’s Sonangol Revives Massive 30% IPO Plan After Three-Year Delay Angola’s state-owned oil giant Sonangol has reaffirmed its commitment to proceed with an Initial Public Offering (IPO) that will make 30% of its shares available to investors, marking a significant milestone in the company’s transformation into a more competitive upstream player. Initially scheduled for 2022, […]
Mozambique’s ENH Makes Bold Move to Become Major Oil Operator
Mozambique’s ENH Makes Bold Move to Become Major Oil Operator In a strategic shift that could reshape Mozambique’s energy landscape, the National Hydrocarbons Company (ENH) is transitioning from its traditional role as a minority partner to becoming a full-fledged operator in the country’s oil and gas projects. The state-owned company currently holds equity stakes of […]
Mauritania Leverages Gas Resources for Energy Access Transformation
Mauritania Leverages Gas Resources for Energy Access Transformation Mauritania is advancing plans to use domestic gas resources to improve electricity access, leveraging gas from the Greater Tortue Ahmeyim field located offshore on the maritime border with Senegal. The strategy aims to shift from heavy fuel oil to cleaner, more reliable energy sources while reducing electricity […]
Egypt Advances Red Sea Petrochemicals Complex Development
Egypt Advances Red Sea Petrochemicals Complex Development Petroleum Minister Karim Badawi met with petroleum company leaders to review progress on the Red Sea National Petrochemicals Complex project in the Suez Canal Economic Zone. The fully Egyptian-financed project represents significant economic value through increased local production and import substitution. The project will be implemented in two […]
Egypt’s Prime Minister Reviews Petroleum Stockpiles and Partner Payments
Egypt’s Prime Minister Reviews Petroleum Stockpiles and Partner Payments Egyptian Prime Minister Mostafa Madbouly held meetings with Central Bank Governor Hassan Abdalla and Petroleum Minister Karim Badawi to review efforts ensuring petroleum product availability and the status of arrears owed to foreign partners in the petroleum sector. Madbouly commended the close coordination between government […]
Libya’s NOC Partners with University to Strengthen Petroleum Education
Libya’s NOC Partners with University to Strengthen Petroleum Education Libya’s National Oil Corporation and the University of Benghazi are deepening cooperation in petroleum sciences, training, and technology transfer to strengthen the country’s energy expertise and academic capabilities. NOC Chairman Eng. Masoud Suleiman met with university officials to discuss joint initiatives aimed at advancing petroleum education […]