Chevron’s Cyprus Gas Giant Aphrodite Moves a Step Closer to Locking In Egypt Supply Deal
Chevron Cyprus and its partners BG Cyprus (Shell) and NewMed Energy have edged closer to a binding agreement to sell gas to Egypt from the Aphrodite field in Block 12, in the Eastern Mediterranean’s Cyprus offshore acreage. NewMed Energy said the partners had completed the signing process on a memorandum of understanding for the gas […]
Nigeria Wraps Historic Oil Licensing Round as 31 Firms Claim 37 New Blocks
Nigeria has concluded an eight-month oil licensing exercise, with 31 companies emerging as winners of 37 oil and gas blocks under the Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC) 2025 Licensing Round. The process drew nearly 300 initial expressions of interest, narrowing to 143 qualified companies that submitted 200 technical and commercial bids for 37 of […]
Capstone to Turn Wasted Gas Into Power at Maurel & Prom’s Gabon Oilfield
Capstone Energy has signed a 36-month lease agreement with Maurel & Prom to supply a C600 Signature Series microturbine for a flare gas recovery project at the operator’s onshore oilfield in Gabon, with commissioning expected in November 2026. The project will capture associated gas that would otherwise be flared and convert it into on-site electricity […]
Saipem’s Santorini Drillship Returns to Côte d’Ivoire on $260 Million Eni Contract
Italian services group Saipem has secured a new offshore drilling contract worth approximately $260 million with Eni Côte d’Ivoire, sending its Santorini drillship back to Ivorian waters for a long-term development drilling campaign set to begin in early 2027. The deal includes a firm commitment for an extended drilling programme, with the possibility of the […]
SLB OneSubsea Lands EPC Deal for Ivory Coast’s $4bn Baleine Expansion
SLB’s OneSubsea joint venture has secured a major engineering, procurement and construction (EPC) contract from Eni for Phase 3 of the Baleine deepwater development offshore Ivory Coast, one of the largest offshore projects currently under way in the region. The contract covers complete subsea production systems for 13 deepwater wells, including subsea trees, umbilicals, manifolds, […]
Sahara Group’s Asharami to Break Ground on $136m Kenya LPG Terminal in October
Asharami Synergy, the downstream arm of Nigeria’s Sahara Group, is set to begin construction in October 2026 on a 30,000-metric-tonne liquefied petroleum gas terminal at the Kenya Petroleum Refineries Limited (KPRL) site in Changamwe, Mombasa. The project has secured regulatory clearance from Kenya’s Energy and Petroleum Regulatory Authority and is estimated to cost $136 million, […]
Libya’s NOC Confirms OMV’s 195-Million-Barrel Essar Discovery Is Commercially Viable
Libya’s National Oil Corporation (NOC) has confirmed that the Essar oil discovery operated by OMV Austria is commercially viable, following the drilling of well B1-106/4 and the completion of a development plan evaluation submitted to the regulator. The find, located in the Sirte Basin in central Libya, holds estimated reserves of 195 million barrels of […]
Nigeria’s 2025 Licensing Round Enters Final Bidding Stage as Regulator Eyes 500 Million New Barrels
Nigeria’s push to draw fresh investment into its upstream oil and gas sector reached a decisive stage this week as 143 companies advanced to the final commercial bidding round of the Nigeria 2025 Licensing Round, competing for 50 oil and gas blocks across the country’s major basins. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said […]
Egypt’s GAPCO Pumps Oil Output to Seven-Year High After Clearing Investor Debts
Egypt’s Gulf of Suez Petroleum Company (GAPCO) has lifted crude output to 71,250 barrels per day, its highest level since July 2019, after the government moved to settle outstanding payments owed to foreign partners, the Petroleum Ministry said. The ministry credited the rise to its programme of clearing partner arrears, part of a wider strategy […]
Angola Reaffirms Open-Door Policy for Private Investment in Oil and Gas
Angola has reaffirmed its commitment to attracting private capital into its oil and gas industry, with the government stressing that private partnerships remain essential to sustaining production, expanding exploration and meeting the country’s long-term energy ambitions. Minister of Mineral Resources, Petroleum and Gas Diamantino Azevedo told industry stakeholders that Angola remains open to both domestic […]