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 […]
Kenya Launches Historic $824 Million Pipeline Operator Sale in East Africa’s Largest Local Currency IPO
Kenya Launches Historic $824 Million Pipeline Operator Sale in East Africa’s Largest Local Currency IPO Kenya has launched the sale of a 65 percent stake in its state-owned oil pipeline operator, seeking to raise 106.3 billion shillings in what could become East Africa’s largest initial public offering measured in local currency terms. The listing of […]
Nigeria’s ANOH Gas Project Delivers First Gas After Years of Delays, Dodges Failed State Pipeline
Nigeria’s ANOH Gas Project Delivers First Gas After Years of Delays, Dodges Failed State Pipeline After years of anticipation and infrastructure setbacks, Nigeria’s ambitious ANOH gas project has finally achieved first gas production, marking a significant milestone for the country’s domestic energy supply. Seplat Energy announced that the 300 million standard cubic feet per day […]
Helium One Global Begins ESP Testing at Tanzania’s ITW-1 Well
Helium One Global Begins ESP Testing at Tanzania’s ITW-1 Well AIM-listed Helium One Global, the primary helium explorer in Tanzania with a 50 percent working interest in the Galactica-Pegasus helium development project in Colorado, USA, has provided an update on the Company’s southern Rukwa Helium Project. Following the completion of wireline logging and the full […]
Dana Gas Increases Egypt Production by 27 Million Cubic Feet Per Day
Dana Gas Increases Egypt Production by 27 Million Cubic Feet Per Day Dana Gas, the Middle East’s leading private natural gas company, has drilled four wells in Egypt throughout 2025 and completed a workover program across three additional wells, boosting the total production of its Egyptian activities to 27 million standard cubic feet per day […]
PetroGulf Misr Cuts Drilling Costs by $700,000 Through Advanced Engineering
PetroGulf Misr Cuts Drilling Costs by $700,000 Through Advanced Engineering PetroGulf Misr has successfully implemented an advanced drilling model at the GNN-16 well in the Gulf of Suez, reducing operational costs by $700,000 and shortening the drilling timeline by 5.5 days, according to a Ministry of Petroleum and Mineral Resources statement. The technical breakthrough was […]