Nigeria Positioned to Dominate Africa’s $41 Billion Oil and Gas Investment Wave in 2026
Nigeria Positioned to Dominate Africa’s $41 Billion Oil and Gas Investment Wave in 2026 Africa is preparing to dominate global high-impact oil and gas exploration in 2026, with Nigeria emerging as the continent’s undisputed powerhouse, set to contribute approximately $41 billion to a projected $504 billion in worldwide Exploration and Production capital expenditure. According to […]
Mozambique LNG Awakens: Africa’s Sleeping Giant Set for 2029 Production After Four-Year Freeze
Mozambique LNG Awakens: Africa’s Sleeping Giant Set for 2029 Production After Four-Year Freeze One of Africa’s most ambitious energy projects has officially come back to life. After nearly four years of forced hibernation, Mozambique LNG has lifted its force majeure declaration, restarting construction activities that promise to transform the country into a major LNG exporter […]
Kenya Launches East Africa’s Largest IPO: $825 Million Pipeline Company Sale Goes Live
Kenya Launches East Africa’s Largest IPO: $825 Million Pipeline Company Sale Goes Live The Kenyan government has officially launched the sale of a 65% stake in Kenya Pipeline Company, setting up what is poised to become East Africa’s largest initial public offering in local currency terms with a target of 106.3 billion Kenyan shillings, approximately […]
Nigeria Shifts Strategy: Technical Excellence to Trump Cash in Historic 50-Block Licensing Round
Nigeria Shifts Strategy: Technical Excellence to Trump Cash in Historic 50-Block Licensing Round The Nigerian Upstream Petroleum Regulatory Commission has announced a fundamental shift in how the country awards oil and gas licenses, prioritizing technical capability and credible work programs over signature bonuses in its ongoing 50-block licensing round. During a pre-bid webinar, NUPRC Chief […]
Turkish Firm Delivers Critical High-Pressure System for Major Nigerian Oil Project
Turkish Firm Delivers Critical High-Pressure System for Major Nigerian Oil Project In a significant milestone for Nigeria’s oil and gas sector, Turkish pressure equipment manufacturer ERGIL has successfully delivered one of the highest-pressure pigging systems in its portfolio to a major development project operated by the Nigerian National Petroleum Corporation in partnership with TotalEnergies. The […]
Egyptian Drilling Company Secures Historic Contract with Kuwait Oil Company
Egyptian Drilling Company Secures Historic Contract with Kuwait Oil Company The Egyptian Drilling Company has been awarded a new contract to operate a 1,500-horsepower onshore drilling rig for the Kuwait Oil Company, marking the first time an Egyptian company has secured a drilling mandate of this scale with the Kuwaiti giant. Operations are scheduled to […]
Egypt and Saipem Advance West Delta Deep Marine Phase 12 Gas Development
Egypt and Saipem Advance West Delta Deep Marine Phase 12 Gas Development Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, met with Alessandro Puliti, CEO of Saipem, during the Baker Hughes Annual Meeting 2026 in Florence, Italy, to discuss opportunities to expand the Italian company’s activities in Egypt. The Minister praised the strategic partnership […]
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 […]