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Oil Gas International News

Algeria Commits $60 Billion to Expand Oil and Gas Sector While Boosting Renewable Energy

Algeria Announces $60 Billion Upstream Oil and Gas Investment, Aims to Add 3,200 MW of Renewables by 2030 The Algerian government has announced a $60 billion investment package to expand its upstream oil and gas operations, underscoring the country’s determination to leverage its vast natural resources while gradually integrating renewable energy into its national energy strategy. Speaking at the opening of the 13th Africa & Mediterranean Energy and Hydrogen Exhibition and Conference (NAPEC 2025) in

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Corporate News Gas International Oil

Shell Approves $2 Billion Offshore Gas Project in Nigeria to Boost LNG Exports

Shell Greenlights $2B HI Offshore Gas Development with Sunlink Energies, Strengthening Nigeria’s LNG Export Capacity British energy giant Shell (SHEL.L) has approved a $2 billion investment in the HI offshore gas development project in Nigeria, in partnership with Sunlink Energies, according to Reuters. The HI project is expected to produce 350 million standard cubic feet of gas per day for Nigeria LNG (NLNG), reinforcing the nation’s standing as a major global exporter of liquefied natural

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International Gas News Oil

Strong Oil Discovery Potential Found in Tanzania’s Eyasi-Wembere Basin

A study conducted under the Strategic Eyasi-Wembere Project, aimed at exploring oil and gas in the East African Rift Valley, has revealed significant potential for oil discoveries in northern Tanzania. During a recent site visit to Karatu District in the Arusha Region, Dr. James Mataragio, Deputy Permanent Secretary in the Ministry of Energy, announced the promising results. Dr. Mataragio explained that the research, which began in 2015, has generated extensive data confirming the presence of

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International Gas News

Ethiopia Launches First LNG Project and $5 Billion in Energy Investments to Boost Industrial Growth

Prime Minister Abiy Ahmed Unveils Ogaden LNG Project, Fertilizer Plant, and Oil Refinery Worth $5 Billion Ethiopian Prime Minister Abiy Ahmed has inaugurated the first phase of the Ogaden Liquefied Natural Gas (LNG) Project in Calub, marking a major step toward the country’s long-term goal of energy independence and industrial expansion. The newly commissioned facility is designed to produce 111 million liters of natural gas annually and generate up to 1,000 megawatts of electricity. During

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Corporate News Gas International Oil

Rhino Resources Makes Third Consecutive Offshore Discovery in Namibia’s Orange Basin

Rhino Resources Strikes Third Offshore Gas Condensate Discovery in Namibia’s Orange Basin Block 2914A Rhino Resources has announced its third consecutive offshore discovery in Namibia’s Block 2914A, situated in the Orange Basin under Petroleum Exploration License (PEL) 85. The Volans-1X exploration well, drilled by the semisubmersible rig Deepsea Mira on July 31, encountered 26 meters of net pay in rich gas condensate reservoirs characterized by excellent petrophysical properties and no water contact. The well reached

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International Gas News Oil

Africa’s Oil and Gas Sector Poised for Exploration Surge, Industry Leaders Say

Africa Oil and Gas Exploration to Surge with Advanced Data, Faster Permitting, and $54 Billion Investment by 2030 Africa’s oil and gas industry may be entering a new era of exploration, driven by advances in seismic imaging, frontier datasets, and streamlined permitting processes, according to industry leaders at Africa Energy Week (AEW): Invest in African Energies 2025. Emmanuelle Garinet, Vice President of Exploration Africa at TotalEnergies, pointed to Africa’s frontier basins as a key driver

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International Expos & Events Gas Oil

Mozambique and Nigeria LNG Projects Near Final Investment Decisions as Africa Targets 120 MTPA by 2035

Africa’s LNG Boom: Mozambique and Nigeria Edge Closer to Major FIDs Major African LNG projects in Mozambique and Nigeria are advancing toward Final Investment Decisions (FIDs), with developers highlighting significant progress in commercial, regulatory, and design frameworks aimed at ensuring global competitiveness. Speaking at Africa Energy Week 2025, Arnie Gibbs, Chair of Mozambique Rovuma Ventures at ExxonMobil, confirmed that the Rovuma LNG project is targeting FID in 2026. “From my perspective, the stars are aligning

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International Gas News Oil

Equatorial Guinea to Launch Major Oil & Gas Licensing Round in April 2026

Equatorial Guinea Announces 2026 Oil & Gas Licensing Round to Boost Exploration Amid Declining Output Equatorial Guinea will launch a new oil and gas licensing round in April 2026 to encourage exploration and counter declining production, Hydrocarbons and Mining Development Minister Antonio Oburu Ondo announced. Known locally as “la ronda”, the licensing round is planned for the second quarter of 2026. Detailed timelines, application procedures, and requirements will be announced closer to the launch. The

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Oil Gas International News

Equatorial Guinea to Launch 2026 Oil & Gas Licensing Round with 24 Blocks to Revive Production

Equatorial Guinea to Launch 2026 Oil & Gas Licensing Round with 24 Blocks to Revive Production Equatorial Guinea is set to launch a new oil and gas licensing round in April 2026 to stimulate exploration and address the decline in hydrocarbon production, Hydrocarbons and Mining Development Minister Antonio Oburu Ondo announced. The licensing round, referred to locally as “la ronda,” will begin in the second quarter of 2026, with detailed timelines, application procedures, and requirements

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Corporate News Gas International Oil

Eni Announces $8 Billion Investment Plan in Egypt’s Oil, Gas, and Mining Sectors

Eni to Invest $8 Billion in Egypt Over Five Years to Expand Oil, Gas, and Mining Operations Eni has announced plans to invest $8 billion in Egypt over the next five years in partnership with its collaborators, focusing on the development of existing fields and further exploration, according to Guido Brusco, Chief Operating Officer for Global Natural Resources. Brusco revealed the investment plan during a meeting with Prime Minister Mostafa Madbouly and Petroleum Minister Karim

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