News
February 20, 2026
Tullow Oil has signed a $205 million agreement to acquire the FPSO serving the TEN fields offshore Ghana, a move expected to reduce lease costs and improve long-term project economics on the Deepwater Tano block.
News
February 20, 2026
Ghana’s parliament has ratified license extensions for the Jubilee and TEN fields through 2040, enabling new drilling and investment plans by Kosmos Energy and partners while supporting higher oil and gas output and domestic gas supply.
News
February 19, 2026
Cameroon has opened bidding for nine upstream oil and gas blocks across the Rio del Rey and Douala/Kribi Campo basins, offering data-rich exploration opportunities near existing production with proposals due by March 30, 2026.
News
February 19, 2026
Chariot plans to raise $20 million to fund Etu Energias’ acquisition of offshore Angola oil assets, gaining exposure to up to 4,000 bopd production.
News
February 19, 2026
Nigeria has ordered state oil company NNPC to remit more oil and gas revenue from production-sharing contracts to the federation account, eliminating key deductions in a move aimed at strengthening public finances and reshaping fiscal policy for the upstream sector.
News
February 17, 2026
Eni has discovered significant gas and condensate volumes offshore Côte d’Ivoire at the Murene South-1X well in Block CI-501, confirming the potential of the Calao channel complex.
News
February 16, 2026
The African Energy Chamber is urging stronger local content policies and inclusive investment practices across Africa’s oil and gas sector as exploration and production activity expands across the continent.
News
February 14, 2026
Azule Energy has discovered a potential 500-million-barrel offshore oil accumulation in Angola’s Block 15/06, with appraisal planned to determine recoverable volumes and development options near existing infrastructure.
News
February 13, 2026
Congo has launched exports from Phase 2 of its LNG project, adding new floating LNG capacity and strengthening its position as an emerging African gas exporter supplying global markets.
News
February 11, 2026
The African Energy Chamber has warned that a Nigerian Federal High Court ruling on the Dawes Island marginal field could undermine the country’s “drill or drop” policy, raising concerns over contract certainty and upstream investment.
News
February 10, 2026
Senegal’s national oil company Petrosen plans a $100-million onshore exploration campaign aimed at unlocking new crude discoveries and expanding the country’s upstream potential beyond recent offshore developments.
News
February 09, 2026
Namibia’s government says it was not notified of TotalEnergies’ planned acquisition of a major offshore exploration stake alongside Petrobras, complicating the latest deal in the fast-growing Orange basin and underscoring regulatory sensitivities as the country moves toward first oil.
News
February 09, 2026
Perenco has installed the $200-million Kombi 2 platform on Congo’s Kombi-Likalala-Libondo II field, supporting a six-well drilling campaign beginning in 2026 aimed at boosting production and extending field life.
News
February 06, 2026
Cameroon and Equatorial Guinea have signed a unitization agreement to jointly develop the 2.5-Tcf Yoyo-Yolanda gas fields, advancing a long-delayed cross-border project central to regional gas monetization and LNG supply growth in the Gulf of Guinea.
News
February 06, 2026
South Africa’s new Upstream Petroleum Resources Development Act seeks to improve legal certainty and attract exploration investment following recent supermajor exits, but questions remain over whether the new framework can revive offshore development.
News
February 06, 2026
TotalEnergies has agreed to acquire a 42.5% operated interest in Namibia’s offshore PEL104 exploration license, expanding its position in the Lüderitz basin as the company advances development and appraisal activities across its growing Namibia portfolio.
News
February 04, 2026
Chevron and Equatorial Guinea have signed an agreement boosting GEPetrol’s stake in the Aseng gas project, strengthening state participation and supporting expanded gas monetization through existing LNG infrastructure.
News
February 02, 2026
Namibia’s push toward first oil is being driven by partnerships and dealmaking across its offshore basins. Farm-ins, portfolio reshuffling and joint appraisal programs at Venus and Mopane highlight growing confidence in the country’s deepwater potential as operators work to de-risk projects and accelerate development timelines.
News
January 30, 2026
TotalEnergies and Galp are advancing offshore development plans in Namibia’s Orange basin, with a potential 2026 FID targeted for the Venus discovery and a three-well appraisal program planned at Mopane next year.
News
January 29, 2026
Mozambique LNG has fully restarted onshore and offshore construction activities after lifting force majeure declared in 2021, with more than 4,000 workers mobilized at the Afungi site and first LNG now targeted for 2029, according to project partners and the Mozambican government.
News
January 28, 2026
Nigeria has included four frontier oil blocks in the Lake Chad basin in its latest licensing round, despite ongoing security challenges in the region, as the country seeks to boost reserves and raise crude output toward long-term production targets.
