Category: Corporate News

ReconAfrica Plans Production Testing on Kavango Basin Onshore Licence in Q1 2026 Reconnaissance Energy Africa (ReconAfrica) plans to begin production testing in the first quarter of 2026 on Petroleum Exploration Licence (PEL) 73, an onshore asset located in Namibia’s Kavango Basin. The company said it has entered an evaluation phase that has been in preparation for several weeks, following the identification of hydrocarbon indicators at the Kavango West-1X well on the licence. ReconAfrica has not

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TotalEnergies Takes Over Operatorship of Mopane Oil Discovery in Namibia, Targets Drilling From 2026 TotalEnergies has signed an agreement with Galp to assume operatorship of Namibia’s offshore Petroleum Exploration License (PEL) 83, which contains the Mopane oil discovery. Under the terms of the agreement, the partners will implement a defined exploration and appraisal program over the next two years, including the drilling of three wells. The first well is planned for 2026, as the partners

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Chevron to Expand in Nigeria with 2025 Licensing Round and 2026 Offshore Drilling Plans Chevron has announced its intention to participate in Nigeria’s upcoming oil licensing round and plans to deploy a drilling rig in late 2026 as part of its strategy to expand operations in Africa’s largest oil producer. Jim Swartz, Chairman and Managing Director of Chevron Nigeria/Mid-Africa Business Unit, highlighted the company’s aim to strengthen its presence in Nigeria, citing the clearer regulatory

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Tullow Oil Secures New Gas Deal and Plans Jubilee and TEN License Extensions in Ghana Through 2040 Tullow Oil is advancing plans to extend the operating licenses for Ghana’s Jubilee and TEN fields to 2040, following the finalization of a new gas sales agreement. The company is now working closely with government authorities to finalize the remaining agreements. Tullow’s newly appointed CEO, Ian Perks, who assumed the role in September 2025, highlighted these objectives in

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Eni Advances Congo LNG Phase 2 with Early Gas Flow and Nguya FLNG Arrival, First Export Set for 2026 Eni has commenced Phase 2 of the Congo LNG project ahead of schedule, following the arrival of the Nguya FLNG unit and the entry of gas into the new offshore infrastructure. The company aims to export the first LNG cargo in early 2026. Phase 2 introduces three additional production platforms, the Scarabeo 5 unit for gas

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Shell Secures Major Offshore Expansion in South Africa’s Orange Basin with PetroSA Farm-In Deal South Africa’s state-owned PetroSA has approved a farm-in agreement granting Shell Offshore a 60% operating stake in Block 2C, significantly expanding the oil major’s presence in the strategic Orange Basin, according to a company document reviewed by Reuters. The Orange Basin, located along the maritime border between South Africa and Namibia, has become a leading exploration hotspot following several major discoveries

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TotalEnergies Expands Offshore Namibia Footprint With Galp Asset Swap, Gains Control of Mopane Discovery TotalEnergies has strengthened its position in offshore Namibia after reaching an asset-swap agreement with Portugal’s Galp, granting the French major operatorship of the significant Mopane oil discovery. Under the terms of the deal, Galp will transfer its 40% interest in the PEL83 license, which contains the Mopane discovery. In exchange, Galp will receive a 10% stake in TotalEnergies’ PEL56 license—home to

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