Aimed at scaling up private sector investment in African oil and gas projects, the bank will provide critical financing for new and existing oil and gas projects, as well as energy developments across the entire value chain.
African nations should resist pressure from “powerful interests” to hastily abandon fossil fuels to avoid hurting their economies, Angola’s President Joao Lourenco said.
Greenfield investments in Angola and other leading and emerging hydrocarbon producing countries in Africa will help increase cumulative capital expenditure across the continent’s oil and gas sector in 2022 and beyond.
Galp Energia SGPS SA is considering a sale of its upstream operations in Angola, as Portugal’s biggest oil company seeks to streamline its hydrocarbon portfolio, according to people familiar with the matter.
African energy sector investment platform Energy Capital & Power has created a coalition with Mauritania’s Energy Ministry and NOC to attract foreign stakeholder interest in the country’s potential renewable projects and 28 offshore blocks that are open for bids.
More than 100 people died in an explosion at an illegal oil refinery in southeastern Nigeria over the weekend, demonstrating the dangers associated with an illicit industry that thrives in the crude-producing region.
Libya’s oil ministry said fields shut down by protesters may reopen within days, potentially allowing the OPEC member to get back to full production.
Editorial: BirAllah 13 tcf reserve project to follow bp’s Greater Tortue Ahmeyim’s in African gas rush
Discovered via a trio of wells drilled by the Valaris DS-12 drillship in 2019, the high-quality gas at BirAllah represents the largest deep water gas discovery of 2019 and the third largest overall.
Nigeria expects to raise its daily crude production closer to its OPEC quota in about two weeks as authorities re-open wells that had to be shut to keep criminals at bay.
Bill Head says he was wrong. The Gulf of Mexico is not the last legal place to explore. West Africa is.
KCA Deutag announced that it sold its land drilling business in Nigeria, including five drilling rigs, for $18 million to Nigeria-based Geoplex Drillteq Limited.
Ampelmann, the Dutch offshore access provider, has signed a contract to support maintenance work on a floating production storage and offloading unit in Ivory Coast.
Nigeria is losing nearly all of its oil output pumped through a major pipeline in just one example of theft that’s growing amid surging prices for crude, according to a labor union.
TotalEnergies SE is working on a plan to develop gas discoveries in South Africa with its partners and the government, according to its managing director in the country.
The world is wondering, and rightfully so, if Africa’s gas reserves — an estimated 221.6 trillion cubic feet — could be part of the energy solution Europe so desperately needs.
New projects and greenfield investments in emerging oil and gas producing countries such as Uganda will increase capital spending in Africa in 2022 and beyond as the continent seeks to ensure a secure gas and oil supply to meet local demand and expand exports.
Every region will post an increase, led by the Middle East, the Americas, Africa and the FSU. Offshore activity will grow at about the same pace as onshore drilling.
In a bid to ramp-up exploration and production to achieve this objective, Niger is making its regulatory and fiscal environment conducive for oil and gas energy market players.
The decades-old, oil-storage ship that blew up off the coast of Nigeria recently -- killing some of its crew and spewing its contents -- is one of many vessels of similar vintage across the globe.
Somalia has signed a deal with Coastline Exploration Ltd. to search for hydrocarbon offshore that it expects to generate millions of dollars in revenue.