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Category: Oil

Local Energy Gas Oil

Azevedo Emphasizes Rigorous Implementation of Mineral and Energy Sector Projects

Angola’s Mineral, Oil, and Gas Sector Focuses on Results-Driven Project Execution The Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, emphasized the central role of the sector in Angola’s economic development, economic diversification, investment attraction, and value creation. He highlighted that this responsibility requires a high level of professionalism, rigor, and a strong commitment to achieving results. Minister Azevedo made these remarks at the opening of the XII Meeting of the Advisory Council of

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Corporate News International Oil

OPEC+ Holds Oil Output Steady Amid Market Uncertainty and Geopolitical Tensions

OPEC+ Maintains Oil Production Levels Through Q1 2026 Despite Global Political Turmoil OPEC+ agreed to maintain current oil production levels on Sunday after a brief meeting of key producing nations, reaffirming its decision to keep output unchanged through the first quarter of 2026. The alliance’s members deliberately avoided substantive discussion of ongoing political crises affecting some member states. The virtual meeting involved eight major OPEC+ producers — Saudi Arabia, Russia, the United Arab Emirates (UAE),

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International Gas News Oil

Egypt Drills New Oil and Gas Wells to Boost Western Desert Production

Egypt Increases Oil and Gas Output with New Western Desert Wells and Nile Delta Discovery Egypt’s Ministry of Petroleum and Mineral Resources has announced the successful drilling of two new oil and gas production wells in the Western Desert, reinforcing efforts to raise domestic energy output. According to the ministry, Agiba Petroleum Company drilled the Dorra 36 and West Yasmine 3 wells, with initial tests confirming strong natural flow rates from both locations. Preliminary estimates

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Corporate News Local Oil

Chevron Starts Oil and Gas Production at South N’dola Field Offshore Angola

Chevron Brings South N’dola Oil and Gas Field Online in Angola’s Block 0 Chevron has started oil and gas production from the South N’dola field in Angola’s offshore Block 0, marking another step in the company’s strategy to boost output from its mature offshore assets. The development includes a new production platform that is tied back to the Mafumeira processing facility. Production from South N’dola is processed at Mafumeira before being transported to an export

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International Gas News Oil

Waha Oil Brings New Gas Wells Online to Support Libya’s Power Supply

Waha Oil Boosts Libya’s Electricity Supply with Two New Gas Wells Waha Oil Company has brought two new gas wells into production as part of efforts to strengthen Libya’s electricity supply and reduce recurring fuel shortages at power plants. The company connected the new wells to existing surface facilities, enabling gas to be delivered quickly into the national grid. Most of the additional volumes will be directed to power generation, helping to address chronic fuel

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International News Oil

Ghana Moves to Boost State Stake in Jubilee and TEN Oilfields Through License Extensions

Ghana to Increase Ownership in Jubilee Oilfield as License Extensions Drive New Drilling and Output Growth Ghana plans to increase its ownership in the Jubilee oilfield under proposed license extensions designed to keep production running into the next decade and counter natural output decline through new drilling activity. The government has approved extensions to the West Cape Three Points and Deep Water Tano petroleum agreements, which cover the Jubilee and TEN fields. The decision strengthens

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International News Oil

Ghana’s Tema Oil Refinery Resumes Crude Processing After Years of Shutdown

Ghana Restarts Tema Oil Refinery in Bid to Cut Fuel Imports and Strengthen Energy Security Ghana’s state-owned Tema Oil Refinery (TOR) has reportedly resumed crude oil processing after more than six years of inactivity, marking a significant step toward reducing the country’s reliance on imported fuels and strengthening domestic energy security. Officials have confirmed that the refinery’s crude distillation unit is back online, although current output levels have not been formally disclosed. The restart follows

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Oil Gas International News

Europa Oil & Gas Secures Chinese Partner to Advance Offshore Gas Drilling in Equatorial Guinea

Europa Oil & Gas Signs Farm-In Deal to Drill High-Potential Barracuda Gas Prospect Offshore Equatorial Guinea UK-listed Europa Oil & Gas has moved a step closer to drilling a major shallow-water gas prospect offshore Equatorial Guinea after finalizing a farm-in agreement with a Chinese investor, strengthening momentum behind one of the company’s most promising African assets. Under the agreement, Fuhai (Beijing) Energy, a wholly owned subsidiary of privately held Fuhai Group New Energy Holding, will

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International Gas News Oil Petroleum

Egypt Signs $6.5 Million Exploration Deal with UK’s Terra Petroleum

Egyptian General Petroleum Corporation Enters $6.5 Million Oil and Gas Deal with Terra Petroleum The Egyptian General Petroleum Corporation (EGPC) has signed a $6.5 million oil and gas exploration agreement with UK-based Terra Petroleum, marking the company’s first entry into the Egyptian energy market. Under the terms of the agreement, Terra Petroleum will drill three exploration wells in the Northwestern El Moghra concession in Egypt’s Western Desert. The company will also conduct comprehensive 2D and

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Infrastructure Energy International News Oil

Uganda Seeks Up to $2 Billion Vitol Financing for Oil and Energy Infrastructure

Uganda’s National Oil Company Targets $2 Billion Vitol Loan to Fund Refinery and Energy Infrastructure Uganda’s national oil company, the Uganda National Oil Company (UNOC), is seeking to secure up to $2 billion in financing from Vitol Bahrain EC, a subsidiary of global commodities trader Vitol, to support major energy and infrastructure projects, according to a senior official at the Ministry of Finance. Earlier this year, the Ugandan government signed an agreement with UAE-based Alpha

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