News & Insights

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October 26, 2026

Borr Drilling’s Prospector 5 jack-up sank late on Saturday on BW Energy’s Dussafu licence off southern Gabon while preparing to drill new production wells. Officials…

October 23, 2026

The National Oil Corporation has called for urgent intervention after unidentified individuals closed the Hamada to Zawiya pipeline, the second shutdown of the line in…

October 23, 2026

The Oil Ministry plans to drill the wells by June 2027 as part of a 101-well exploration campaign, timed with a $117 million offshore seismic…

October 23, 2026

With Brent trading about $51 above the price assumed in Angola’s 2026 budget, the government expects oil to average close to $90 a barrel this…

October 21, 2026

The Council of Ministers has restated the state’s 2019 guarantee to lenders of the Mozambique LNG project in the Rovuma Basin, seeking to reassure financiers…

October 20, 2026

Africa’s largest-ever public offering has been extended by two weeks to widen continental participation, with proceeds earmarked to double the Lekki refinery to 1.4 million…

October 20, 2026

Escalating attacks around the Strait of Hormuz and on Gulf infrastructure have pushed crude back above $109 per barrel, although leading banks still expect prices…

December 17, 2025

West Africa is entering a transformative era, quietly redefining its role in the global energy market. For decades, the region exported crude oil while relying…

December 12, 2025

Africa has introduced a new financial institution aimed at reshaping how energy projects across the continent are funded. The African Energy Bank, launched with an…

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