Angola’s Oil and Gas Exports Reach $27.7 Billion in 2025 as Production Exceeds One Million Barrels Per Day and China Leads Purchases Angola’s economy continued to be heavily driven by its oil and gas sector in 2025, which generated the vast majority of export earnings, according to data from the Ministry of Mineral Resources, Oil and Gas. Crude oil remained the country’s dominant export commodity, earning approximately US$24.5 billion over the year. Natural gas contributed
Dana Gas Boosts Egypt Investment Following Gas Discovery and Settlement of Receivables Dana Gas has announced strong operational and financial progress in Egypt after receiving US$21.5 million in additional payments, bringing all outstanding receivables owed by the Egyptian government to a full settlement. The company said the improved payment discipline, a more supportive fiscal framework, and closer collaboration with Egyptian authorities have strengthened its confidence to expand investment in the country. Egypt is seeking to
IRH and Vitol Finalize 20-Year LNG Supply Deal for 1.0 mtpa to Strengthen Global Energy Security IRH Global Trading Ltd., a subsidiary of International Resources Holding (IRH), and Vitol Inc. have announced the execution of a long-term natural gas Sale and Purchase Agreement (SPA), further building on the initial announcement made on 5 November 2025. Under the terms of the agreement, Vitol will supply 1.0 million tonnes per annum (mtpa) of liquefied natural gas (LNG)
ADNOC Advances Bab Gas Cap Project, Set to Become World’s Largest Gas Cap Development The UAE is progressing with a key component of its long-term energy strategy as ADNOC moves ahead with the development of the Bab Gas Cap project, which could become the world’s largest gas cap development if fully realised. An ADNOC-led concession has been selected to develop and operate the project, which is expected to produce around 1.5 billion standard cubic feet
Global Gas Flaring Reaches 167 Billion Cubic Metres, Matching Africa’s Annual Gas Consumption, World Bank Says Global gas flaring increased to 167 billion cubic metres in 2025, its highest level since 2019, highlighting a growing challenge for energy security and economic development, particularly in Africa, according to the World Bank’s Global Gas Flaring Tracker Report 2026. The report found that gas flaring has risen for the third consecutive year, indicating that efforts to reduce the
Chevron Launches New Well Drilling at Nargis Gas Field Offshore Egypt’s East Nile Delta Basin Chevron has commenced drilling a new appraisal well at Egypt’s Nargis natural gas field, marking a key step forward in the development of the offshore discovery made in 2022. The project is being led by Chevron in partnership with Eni, Mubadala Energy, and Tharwa Petroleum Company. The Nargis field is located in the East Nile Delta Basin, approximately 50 kilometres
TGS Wins Offshore Angola 4D Seismic Contract, Extending Ramform Vessel Operations to 2027 TGS has secured a significant 4D seismic acquisition contract offshore Angola, reinforcing its presence in Africa’s offshore energy sector and ensuring continued utilisation of one of its Ramform vessels through early 2027. The project is scheduled to commence in July 2026 and will run for approximately eight months. TGS will deploy its Ramform vessel equipped with GeoStreamer technology to acquire high-resolution marine
Petralon Energy Adds 2,800 BOPD from DI-3, Boosting Dawes Island Production to 4,800 BOPD in Niger Delta Petralon Energy has commenced production from DI-3, its second consecutive development well on the Dawes Island field in the eastern onshore Niger Delta Basin, marking another milestone in its ongoing drilling campaign. The DI-3 well was brought onstream on March 14, 2026, adding approximately 2,800 barrels of oil per day (BOPD) to production. With the new well online,
Rovuma LNG Project May Boost Mozambique GDP by $11 Billion a Year, Says Standard Bank Study Standard Bank’s Mozambican subsidiary says the Rovuma LNG project, led by US energy major ExxonMobil in the Rovuma Basin in northern Cabo Delgado province, could significantly transform Mozambique’s economy, adding an estimated average of US$11 billion to GDP annually. The project, which is nearing a final investment decision (FID), is expected to generate up to US$150 billion in total
Certification, Compliance and Infrastructure Key for Namibian Suppliers Seeking Oil and Gas Contracts Namibian businesses seeking to participate in the country’s emerging oil and gas industry must address gaps in certification, infrastructure and governance if they are to secure contracts as the sector moves closer to large-scale development. The message emerged during the Upstream Oil and Gas Local Suppliers Workshop hosted by Petrofund, where international service providers outlined the key requirements, local companies must meet
