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…
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…
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…
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…
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…
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…
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…
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…
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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