Oil & Gas

ACREP to begin oil exploration in Angola’s Cabinda Norte Block in 2025, addressing longstanding bureaucratic and infrastructure challenges.

Shell Nigeria approves Bonga North project, aiming for 110,000 barrels per day, boosting oil production and economic growth.

Seplat Energy aims to revive idle wells, boosting Nigeria’s oil production to exceed 200,000 barrels per day.

QatarEnergy acquires 27.5% in Namibia’s Block 2813B, strengthening its presence in Africa’s offshore energy sector near the Venus discovery.

BP and XRG launch Arcius Energy to expand Egypt’s gas operations, securing stakes in Zohr, Atoll, and key concessions amid ADNOC’s global strategy

China drives growth in Africa’s energy sector with investments in hydro, oil, and renewable energy, boosting development and regional energy access

Rosneft and Reliance seal a $130B, 10-year oil supply deal, reinforcing India’s status as the top importer of Russian crude

Libya’s economy is poised for growth in 2025, driven by rising oil production and critical economic reforms, says IMF.

Uganda to fully fund a $4 billion oil refinery with equity, partnering with UAE’s Alpha MBM Investments over three years.

California faces rising fuel prices, a new fuel law, and Phillips 66’s plan to end crude oil refining in Los Angeles