Egyptian Driller Beats Schedule and Budget on Latest Western Desert Well
North Bahariya Petroleum Company has completed its first development well under its 2026/2027 drilling programme, reaching target depth four days ahead of schedule and saving an estimated $250,000. The Abrar-98 well, in the company’s Western Desert concession, reached final depth in just nine days against a planned 13, with the company crediting careful well planning, […]
Egypt’s Parliament Clears Path for New Mediterranean Gas Deal with Cheiron
The Energy and Environment Committee of Egypt’s House of Representatives, chaired by Tarek El Molla, has approved a government-drafted law authorising the Petroleum Ministry to conclude an exploration and production agreement between the Egyptian Natural Gas Holding Company and Cheiron for the East Alexandria Offshore block in the Mediterranean. Under the proposed production sharing agreement, […]
Algeria’s Sonatrach Ships First-Ever LNG Cargo to Germany
Algerian state energy company Sonatrach has delivered its first liquefied natural gas cargo to Germany, loading the shipment at the GL2Z liquefaction complex in Bethioua before transporting it aboard the company-owned carrier Tessala to the Wilhelmshaven 1 floating storage and regasification unit on Germany’s North Sea coast. The delivery gives Sonatrach direct access to Europe’s […]
ReconAfrica Strikes First Onshore Hydrocarbons Ever Produced in Namibia
Canadian oil company ReconAfrica has produced natural gas to surface from its Kavango West 1X discovery well in northeastern Namibia, marking the first hydrocarbons ever produced onshore in the country. Testing on the uppermost zone of the Elandshoek formation, part of a six-zone campaign launched June 8, produced gas and liquids across three separate flow […]
Dangote Refinery Shifts to Dollar Pricing as Naira Pressures Bite
Nigeria’s Dangote Petroleum Refinery, Africa’s largest, has introduced a new pricing system linking the sale of its refined petroleum products to the US dollar, replacing its previous naira-based structure. The move is aimed at managing foreign exchange risk tied to crude oil purchases, operating costs and international market swings, as the refinery continues to navigate […]
Trafigura Pulls Out of Angola’s $2 Billion Power Plant Project
Global commodities trader Trafigura has withdrawn from a planned $2 billion power project in Angola, creating uncertainty around one of the country’s major energy infrastructure developments. The project had been expected to boost Angola’s electricity generation capacity and support industrial growth as part of broader efforts to expand the country’s energy infrastructure and improve power […]
TotalEnergies Switches On Hybrid Solar-Battery Plant to Steady South Africa’s Grid
TotalEnergies has commissioned a 216-megawatt solar plant paired with a 500-megawatt-hour battery storage system in South Africa’s Northern Cape, adding dispatchable renewable power to a grid long troubled by shortages and load-shedding. The Hydra project, developed with Hydra Storage Holding and Reatile Renewables, will supply 75 megawatts of dispatchable renewable power to the national grid […]
Libya Confirms New Oil Find Adding 195 Million Barrels to Reserves
Libya’s National Oil Corporation has approved the commercial viability of the “Al-Isar” oil field discovery made by Austria’s OMV, following completion of drilling at the B1-106/4 exploration well and evaluation of the company’s development plan. Preliminary estimates put the discovery at approximately 195 million recoverable barrels of oil from the Upper and Lower Sabil reservoirs, […]
West African Leaders Sign Landmark Deal for $25 Billion Nigeria-Morocco Gas Pipeline
Heads of state from the Economic Community of West African States have signed an Intergovernmental Agreement for the African Atlantic Gas Pipeline, a legally binding framework marking a major milestone for one of Africa’s largest cross-border energy projects. The pipeline is designed to carry up to 30 billion cubic metres of natural gas a year […]
Big Oil Returns to Nigeria’s Deepwater After a Decade-Long Freeze
Nigeria’s deepwater oil fields are drawing fresh billions from Shell, ExxonMobil, Eni and TotalEnergies after more than ten years of muted investment, as a sweeping set of fiscal reforms under President Bola Tinubu reignites interest in some of Africa’s most prized offshore acreage. Six legacy offshore contracts between state producer NNPC and international partners were […]