OPEC+ Nations Announce 547,000 Barrel Production Increase for September
OPEC+ Nations Announce 547,000 Barrel Production Increase for September Eight OPEC+ countries announced they will implement a production adjustment of 547,000 barrels per day in September, continuing their gradual return of voluntary production cuts. Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman made the decision following a virtual meeting on August 3 to […]
Chinese Energy Giant Sinopec Secures Major Algeria Shale Gas Deal Worth Hundreds of Millions
Chinese Energy Giant Sinopec Secures Major Algeria Shale Gas Deal Worth Hundreds of Millions Chinese state-owned energy giant Sinopec has signed a groundbreaking contract with Algeria’s Sonatrach for exploration and development of the Guern El Guessa II block, marking a significant expansion of China’s presence in North African energy markets. The agreement includes exclusive cooperation […]
Nigeria Crosses 1.8 Million Barrel Milestone, Edges Closer to 2025 Budget Target
Nigeria Crosses 1.8 Million Barrel Milestone, Edges Closer to 2025 Budget Target Nigeria achieved a significant milestone in July by surpassing 1.8 million barrels per day in peak oil production for the first time this year, bringing the country closer to meeting its ambitious 2025 budget benchmark of 2.06 million barrels per day. The Nigerian […]
Libya’s Sharara Oilfield Reaches Seven-Year Production Peak at 310,970 Barrels Daily
Libya’s Sharara Oilfield Reaches Seven-Year Production Peak at 310,970 Barrels Daily Libya’s flagship Sharara oilfield has surged to its highest production levels in seven years, now averaging 310,970 barrels per day, according to operator Akakus Oil Operations. The dramatic increase follows a successful field-upgrade campaign that returned well H-49 to service on July 30, contributing […]
ExxonMobil Prepares Major Upstream Investments Across African Operations
ExxonMobil Prepares Major Upstream Investments Across African Operations ExxonMobil is positioning for significant new upstream investments across its African portfolio, with Nigeria, Angola, and Mozambique representing key focus areas for the energy giant’s expanded continental strategy. The company is preparing additional capital commitments to deepwater developments as part of national efforts to boost crude oil […]
Aquaterra Energy Extends Egyptian Offshore Contract for Two Years
Aquaterra Energy Extends Egyptian Offshore Contract for Two Years British offshore engineering specialist Aquaterra Energy has secured a two-year extension to its offshore analysis services contract with a major Egyptian operator, continuing a successful partnership that began in 2023. The expanded scope will support ongoing subsea well campaigns drilled from semi-submersible rigs, ensuring optimized performance […]
Guinea-Bissau Witnesses Offshore Revival as Apus Energy Spuds Historic Well
Guinea-Bissau Witnesses Offshore Revival as Apus Energy Spuds Historic Well West Africa’s offshore exploration frontier has gained renewed momentum as Apus Energy successfully spudded the Atum-1X exploration well offshore Guinea-Bissau in September 2024. The well represents the first offshore drilling activity in the country in nearly two decades, marking a significant milestone for the region’s […]
Libya’s National Oil Corporation Completes First Phase of Technical Training Initiative
Libya’s National Oil Corporation Completes First Phase of Technical Training Initiative Libya’s National Oil Corporation has successfully concluded the inaugural phase of its comprehensive capacity-building training program, focusing on critical technical aspects of the oil sector. The program, conducted in both Tripoli and Benghazi, covered reservoir engineering, geosciences, data management, and seismic data analysis. Eighteen […]
Shell Downgrades Namibia in Global Exploration Strategy Reset
Shell Downgrades Namibia in Global Exploration Strategy Reset Shell has signaled a strategic shift away from Namibian exploration activities as the energy giant adopts a more cautious and selective global approach to new investments. Chief Executive Wael Sawan confirmed that while Shell continues monitoring developments in Namibia’s oil sector, the country no longer ranks among […]
Jordan Secures Critical Gas Supply as Energos Force FSRU Arrives in Aqaba
Jordan Secures Critical Gas Supply as Energos Force FSRU Arrives in Aqaba Jordan has successfully received the Energos Force floating storage and regasification unit at Aqaba port, marking a crucial step toward securing the kingdom’s natural gas supply. The FSRU commenced operations this week, facilitating the gasification of liquefied natural gas shipments ahead of its […]