SOUTH AFRICA HOLDS OIL RESERVES UNTIL PRICES HIT $100 PER BARREL
SOUTH AFRICA HOLDS OIL RESERVES UNTIL PRICES HIT $100 PER BARREL South Africa will maintain its strategic crude oil reserves until global prices reach approximately $100 per barrel, according to senior energy officials. The country has been seeking to sell crude since 2022 when the government cushioned consumers from high fuel prices by temporarily cutting […]
TULLOW OIL FIRES UP JUBILEE FIELD DRILLING AFTER FOUR-MONTH PAUSE
TULLOW OIL FIRES UP JUBILEE FIELD DRILLING AFTER FOUR-MONTH PAUSE Tullow Oil Ghana Limited and its partners have announced the restart of drilling operations at the Jubilee Oil Field in Ghana’s Tano Basin following a temporary suspension since December 2024. The renewed activity aims to boost oil production and operational efficiency at the mature field. […]
CHEVRON PLATFORM FIRE INJURES 17 IN ANGOLA, INVESTIGATION UNDERWAY
CHEVRON PLATFORM FIRE INJURES 17 IN ANGOLA, INVESTIGATION UNDERWAY A serious fire incident at Chevron’s Benguela Belize Lobito Tomboco (BBLT) deepwater platform offshore Angola has injured 17 people, with four in severe condition. Angola’s National Agency for Petroleum, Gas and Biofuels (ANPG) confirmed that one person remains missing following the incident. The fire erupted at […]
GEO EXPLORATION UNCOVERS MASSIVE OIL POTENTIAL IN NAMIBIAN WATERS
GEO EXPLORATION UNCOVERS MASSIVE OIL POTENTIAL IN NAMIBIAN WATERS Geo Exploration Limited has confirmed significant de-risked resource potential in offshore Namibia following an independent geoscience evaluation of petroleum exploration licence (PEL) 94 in Block 2011A. The assessment identified two new sandstone leads with substantial commercial potential. The discoveries include the Emerald lead (in the Albian […]
BW ENERGY GABON TAKES CONTROL OF FPSO ADOLO OPERATIONS
BW Energy Gabon SA has assumed full operational and maintenance responsibility for the FPSO BW Adolo from parent companies BW Offshore and BW Energy. The transition includes an amended charter featuring a mutual put-and-call option on the FPSO valued at $100 million, exercisable in 2028. “Transferring daily operational control of BW Adolo to BW Energy […]
ENERGEAN PULLS OUT OF MOROCCO GAS PROJECT AFTER DISAPPOINTING RESULTS
ENERGEAN PULLS OUT OF MOROCCO GAS PROJECT AFTER DISAPPOINTING RESULTS Energean has officially withdrawn from its operated interests in two offshore Morocco licenses, handing them back to Chariot. The London-based independent operator now controls the Lixus Offshore and Rissana Offshore licenses with a 75% stake, with the remaining 25% held by Morocco’s state-owned ONHYM. Three […]
CANADIAN EXPLORER REBRANDS FOR NAMIBIAN OIL RUSH WITH $7M WAR CHEST
Canadian exploration company Supernova Metals is making a bold pivot into Namibia’s booming offshore oil sector, announcing a $7 million equity financing package and strategic acquisition that will dramatically increase its stake in the coveted Orange Basin Block 2712A from 12.5% to nearly 34%. The company is simultaneously rebranding as Oregen Energy Corp to reflect […]
PANORO ENERGY STRIKES GOLD WITH MASSIVE GABON OIL DISCOVERY
PANORO ENERGY STRIKES GOLD WITH MASSIVE GABON OIL DISCOVERY Independent exploration company Panoro Energy has announced a game-changing oil discovery at the Bourdon prospect on the Dussafu block offshore Gabon, alongside steady Q1 2025 production of approximately 12,000 barrels per day. The discovery represents the largest hydrocarbon column found to date at Dussafu. The breakthrough […]
SHELL AND LIBYA LAUNCH HIGH-STAKES ENERGY PARTNERSHIP TALKS
SHELL AND LIBYA LAUNCH HIGH-STAKES ENERGY PARTNERSHIP TALKS Libya’s Ministry of Oil and Gas has entered into high-level negotiations with energy giant Shell to explore new partnership opportunities that could reshape the country’s energy sector. The talks signal Libya’s aggressive push to attract international investment and modernize its oil and gas operations. Libya’s Minister of […]
REVOLUTIONARY $2M SOLAR SYSTEM POWERS ANGOLA OFFSHORE PLATFORM
REVOLUTIONARY $2M SOLAR SYSTEM POWERS ANGOLA OFFSHORE PLATFORM Aberdeen-based JCE Energy has successfully delivered a groundbreaking modular solar power system to energize a supermajor’s unmanned Sea Swift production platform offshore Angola. The £1.5 million ($2 million) system represents a major breakthrough in sustainable offshore energy solutions. The innovative system features over 100 offshore-grade solar panels […]