KEY POINTS Shell Offshore, a subsidiary of global energy major Shell, is set to acquire a 30 per cent stake in the Conifer exploration prospect in the Gulf of Mexico …
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KEY POINTS Energean is in exclusive negotiations to acquire some of BP’s upstream oil and gas assets in Egypt in a deal that could be worth about $1 billion, according …
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KEY POINTS Two of the world’s biggest energy companies, ExxonMobil and Chevron, have reported significant drops in first-quarter profits for 2026, even as global oil prices surged due to supply …
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In the NewsOil & Gas
Algeria Awards BP New Exploration Rights in Eastern Basin to Unlock Energy Potential
KEY POINTS Algeria has granted BP Plc a new prospecting authorisation in its eastern basin, as the country intensifies efforts to expand hydrocarbon exploration and attract international investment. The approval, …
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KEY POINTS Britain’s two largest energy companies, Shell and BP, are poised to benefit from the ongoing geopolitical tensions surrounding the Strait of Hormuz, potentially capturing a combined £5 billion …
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KEY POINTS Shell’s long-serving mergers chief Greg Gut resigned after senior executives opposed an internal push to acquire BP, according to a report by the Financial Times, shedding new light …
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In the NewsOil & Gas
BP and Eni Boost Angola’s Gas Ambitions with Early Start-Up of New Treatment Plant
KEY POINTS BP and Eni’s joint venture in Angola has brought a major gas processing plant into operation in Soyo, marking one of the country’s most significant steps yet in …
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In the NewsOil & Gas
Arbitration Storms Shake Global LNG Industry as Contracts Give Way to Courtroom Battles
KEY POINTS The liquefied natural gas industry, LNG, long anchored in decades-long contracts and mutual trust, is now navigating its most turbulent phase yet. Billionaires Africa reports that what was …
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Dangote refinery now supplies 20 million litres daily, transforming Nigeria’s fuel market and boosting energy independence, says NMDPRA
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KEY POINTS Egypt’s efforts to increase gas production and draw in foreign investment for its energy sector have entered a new phase with the signing of a preliminary agreement with …