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International Corporate News Energy Oil

QatarEnergy Confirms New Oil Discovery in Namibia’s Orange Basin

QatarEnergy Announces Light Oil Discovery at Merlin-1X Well in Namibia’s Orange Basin QatarEnergy has announced a new offshore oil discovery in Namibia’s Orange Basin following the successful drilling of the Merlin-1X exploration well in Petroleum Exploration Licence 39 (PEL 39), further reinforcing the country’s status as one of the world’s most promising emerging hydrocarbon provinces. The Merlin-1X well encountered a significant oil-bearing reservoir, with preliminary geological analysis confirming the presence of high-quality light crude oil

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International Corporate News Oil

Murphy Oil Strikes Light Oil at Bubale-1X Offshore Côte d’Ivoire

Murphy Oil Discovers High-Quality Light Oil at Bubale-1X Well Offshore Côte d’Ivoire Murphy Oil has announced an oil discovery at the Bubale-1X exploration well in Block CI-709, located approximately 64 kilometres offshore Côte d’Ivoire, marking another milestone in the company’s offshore exploration programme. The Bubale-1X well was drilled to a total depth of 6,263 metres in water depths of 2,376 metres. It encountered 30 metres of net oil pay across two reservoir intervals, with preliminary

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International News Oil

Murphy Oil Strikes New Offshore Discovery in Côte d’Ivoire as Exploration Momentum Builds

Murphy Oil confirms Bubale-1X offshore oil discovery in Côte d’Ivoire, boosting West Africa’s rising production outlook U.S.-based Murphy Oil has announced a new offshore oil discovery in Côte d’Ivoire, reinforcing the country’s growing profile as an emerging hydrocarbon producer in West Africa. The company said its Bubale-1X exploration well in Block CI-709 encountered around 100 feet (approximately 30 metres) of net oil pay across two reservoirs. Early assessments indicate the presence of high-quality light crude,

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International Oil Petroleum

Nigeria’s Petrol Exports to Togo Surge to N105.5bn Amid Regional Fuel Trade Shift

Nigeria exports N105.5bn petrol to Togo as Dangote Refinery reshapes West Africa fuel trade dynamics Nigeria’s export of Premium Motor Spirit (petrol) to Togo reached N105.5 billion in the first quarter of 2026, highlighting a major shift in West Africa’s refined fuel trade following Nigeria’s emergence as a net exporter of petroleum products. According to the National Bureau of Statistics’ Foreign Trade Report, Togo also imported N278.36 billion worth of gas oil and N273.18 billion

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Corporate News International Oil

Petrobras Expands Offshore Footprint in Ivory Coast with Eight Exploration Blocks

Petrobras secures 63,000 km² offshore exploration rights in Ivory Coast to boost deepwater oil and gas development Mozambique Rovuma Venture (MRV), led by Eni, has launched an international call for expressions of interest for the construction and installation of a third floating liquefied natural gas (FLNG) production unit in Mozambique’s offshore Rovuma Basin. According to the tender notice, the consortium is seeking qualified companies to execute a full EPCIC contract covering engineering, procurement, construction, installation,

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International Corporate News Oil

MRV Led by Eni Launches Tender for Third FLNG Unit in Mozambique’s Rovuma Basin

Eni’s Mozambique Rovuma Venture issues global tender for EPCIC contract for third 6 MTPA FLNG unit offshore Cabo Delgado Mozambique Rovuma Venture (MRV), led by Eni, has launched an international call for expressions of interest for the construction and installation of a third floating liquefied natural gas (FLNG) production unit in Mozambique’s offshore Rovuma Basin. According to the tender notice, the consortium is seeking qualified companies to execute a full EPCIC contract covering engineering, procurement,

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International News Oil

Libya Oil Output Hits Highest Level Since 2013, Nears 1.5 Million Barrels Per Day

Libya Crude Production Surges to 1.49 Million Barrels as NOC Targets 1.5 Million and Foreign Oil Firms Return Libya’s oil production has risen to its highest level since 2013, with total crude and condensate output reaching approximately 1.49 million barrels per day. The milestone strengthens the country’s position among Africa’s leading oil producers as international energy companies gradually return to its upstream sector. The National Oil Corporation (NOC) reported output of 1,487,723 barrels per day,

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International Corporate News Oil

Shell Reports Promising Oil Findings at Merlin-1X Well Offshore Namibia

Shell, QatarEnergy and NAMCOR Record Strong Oil Discovery at Merlin-1X Well in Namibia’s Orange Basin Shell, in partnership with QatarEnergy and NAMCOR, has announced encouraging exploration results from the Merlin-1X well drilled in Petroleum Exploration Licence (PEL) 0039 offshore Namibia. The findings mark a further step in Shell’s evaluation of the Orange Basin block, with the well successfully reaching the Coniacian geological play. According to initial assessments, Merlin-1X delivered the strongest subsurface results recorded so

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International News Oil Petroleum

DRC Government Orders Relocation of Fuel Depots from Residential Areas in Kinshasa

Kinshasa Fuel Depots to Be Moved to N’sele as DRC Strengthens Safety and Modernizes Hydrocarbon Infrastructure The Congolese government has launched a major initiative to reorganize petroleum product storage in Kinshasa, aiming to improve urban safety and modernize the country’s hydrocarbon supply chain. During an inspection visit to the communes of Kalamu and Limete, Minister of State for Hydrocarbons Acacia Bandubola announced that fuel depots currently operating in residential neighborhoods will be relocated to a

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International News Oil

Middle East Tensions Push Global Energy Security Back to the Forefront, IMF Warns

IMF Warns Strait of Hormuz Disruption Could Trigger Global Oil Supply Shock and Price Spikes Rising tensions in the Middle East are once again placing global energy security at the center of economic concerns, according to an analysis by the International Monetary Fund (IMF) published in its Finance & Development section. The IMF warns that any effective disruption or closure of the Strait of Hormuz represents one of the most significant risks to global oil

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