ESG/Investment
News
January 05, 2026
Analysts say Venezuela’s political upheaval is unlikely to disrupt global crude supply in the near term, but uncertainty around sanctions, exports and investment could reshape upstream dynamics in 2026 and beyond, with Chevron viewed as best positioned among U.S. majors.
News
December 31, 2025
African producers are turning regulatory reform into real upstream gains. From Angola’s $70B project pipeline to Nigeria’s accelerated licensing and Congo’s LNG expansion, policy shifts are reshaping investment across the continent.
News
December 31, 2025
Gabon is advancing major energy-sector reforms aimed at boosting upstream investment, separating its hydrocarbons framework into new oil and gas codes and unlocking deepwater potential. Growing production, offshore exploration agreements with bp and ExxonMobil, and LNG megaprojects position Gabon as a rising player in Africa’s oil and gas landscape.
News
December 23, 2025
Libya has launched a 22-block bid round with revised fiscal terms designed to lure global energy investors, but analysts warn that political and infrastructure risks could determine whether the country’s upstream revival gains lasting traction.
News
December 11, 2025
Equinor and partners have approved a NOK 4 billion investment to develop the Isflak discovery—the first tieback to the Johan Castberg hub—adding 46 MMbbl and targeting first oil in 2028 as the Barents Sea project ramps up for long-term growth.
News
December 10, 2025
Africa will need an estimated $375 billion in upstream and midstream investment over the next decade to develop its natural gas sector, according to the Society of Petroleum Engineers, as demand rises and infrastructure gaps persist.
News
December 05, 2025
PTTEP has approved a $33.3 billion five-year plan and a $7.7 billion budget for 2026, targeting production growth, accelerated global project development, and major decarbonization initiatives as Thailand works to strengthen long-term energy security.
News
December 02, 2025
Africa’s upstream sector is gaining investor momentum, with regulatory reforms, new licensing rounds, and gas-focused policies improving above-ground attractiveness across key markets from Angola to Namibia and Nigeria.
News
December 01, 2025
Harbour Energy will cut 100 more UK jobs after the government retained the Energy Profits Levy through 2030. The operator says North Sea assets are struggling to attract capital under the 78% tax burden, following earlier workforce reductions.
News
November 28, 2025
Ecopetrol has approved a 2026 investment plan of $5.4–$6.6 billion, keeping spending steady as the company targets 730,000–740,000 boed next year. The plan prioritizes upstream activity, refinery reliability and gas development, while allocating 30% to energy-transition, transmission and infrastructure projects under a conservative $60 Brent outlook.
News
November 28, 2025
Petrobras reduced its five-year investment plan to $109 billion, citing weaker oil prices and shifting political pressures. The cut raises investor concerns over dividend yields as the Brazilian state-controlled producer prioritizes long-term offshore expansion.
News
November 24, 2025
African leaders are calling on the G20 to prioritize investment in the continent’s oil and gas resources, arguing that expanded upstream development is essential for industrial growth, energy security and lifting millions out of energy poverty.
News
November 12, 2025
In a new op-ed, African Energy Chamber Chairman NJ Ayuk emphasizes that responsible oil and gas production is essential for Africa’s economic growth, energy security, and poverty reduction, despite mounting global pressure to curb exploration.
Article
October 2025
The rapid rise of data centers is reshaping the U.S. energy landscape—and the oil and gas industry is poised to play a central role.
News
November 03, 2025
Shell will invest about $1 billion on new oil blocks in Angola as the southern African nation seeks to boost production that’s dwindled over the years, the chairman of the oil regulator said.
News
October 03, 2025
U.S. political momentum and African regulatory reforms are converging to create what leaders at African Energy Week 2025 described as a strategic opening for U.S. investment in Africa’s upstream oil and gas sector.
News
September 30, 2025
Equatorial Guinea and Chevron have signed an agreement for the development of the Aseng Gas Project in Block I. The Aseng project represents an initial investment of $690 million, and underscores the country's long-term strategy to become a premier hub for natural gas in Africa.
News
September 24, 2025
With Africa requiring up to $240 billion annually to meet its energy and climate goals, attracting investment is more crucial than ever. A consistent theme emerging across the continent is the need for stable and transparent regulatory frameworks to foster investor confidence and drive sustainable development.
News
September 19, 2025
Nigeria’s NNPC Ltd. is accelerating upstream oil and gas growth with new production sharing contracts alongside TotalEnergies, crude supply agreements and gas pipeline progress. The company aims to attract $60 billion in upstream investment by 2030.
