Kenya Targets First Oil by Year-End After Gulf Energy Leases GW70 Rig for South Lokichar Basin Kenya is moving closer to achieving its first commercial oil production following the decision by Gulf Energy E&P BV to lease a high-capacity onshore drilling rig for operations in the South Lokichar Basin. Gulf Energy, which assumed control of the Turkana oil project, has contracted the GW70 onshore rig as part of efforts to accelerate development of the long-delayed
Libya Resumes Sinawen Oil Field Production in Nalut After 3.5-Year Suspension National Oil Corporation (NOC) has resumed production at the Sinawen oil field in the Nalut region of western Libya, ending a shutdown that lasted more than three and a half years. The field was taken offline due to financial and technical challenges related to crude transportation via pipelines connected to the Mellitah Oil and Gas Complex. According to the NOC, these constraints disrupted export
Murphy Oil to Drill Bubale-1X in Côte d’Ivoire After Caracal-1X Well Declared Dry Murphy Oil Corporation has completed drilling operations at the Caracal-1X well in Block CI-102 offshore Côte d’Ivoire, reaching a total depth of 8,534 feet (2,601 meters). The company has classified the well as a dry hole after failing to encounter commercially viable hydrocarbons. Subsurface data acquired during drilling will be integrated into ongoing technical evaluations to refine prospectivity across the remaining acreage
Ghana Approves Kosmos Energy License Extensions to 2040, Unlocking $2 Billion Investment and Boosting Jubilee & TEN Output Kosmos Energy has secured parliamentary ratification in Ghana for license extensions covering the West Cape Three Points and Deepwater Tano Petroleum Agreements. The approvals allow continued operations at the Jubilee and TEN fields through 2040, reinforcing long-term production and investment certainty in the country’s offshore sector. The extensions are expected to unlock up to $2 billion in
Libya Grants Exploration Licenses to Chevron, Eni, QatarEnergy and Repsol in Major Oil and Gas Round Libya has awarded new oil and gas exploration blocks to several international energy companies, including Chevron, Eni, QatarEnergy and Repsol, marking the country’s first licensing round in nearly two decades. The bidding results were announced by Libya’s National Oil Corporation (NOC). The round the first since 2007 allocated exploration acreage in the onshore Sirte and Murzuq basins, as well
CNOOC Begins Mozambique Drilling Next Month as Rovuma Basin LNG Projects Resume Development China National Offshore Oil Corporation (CNOOC) plans to begin hydrocarbon exploration offshore Mozambique next month, targeting blocks awarded during the country’s sixth licensing round in 2022. Mozambique’s Minister of Energy, Estêvão Pale, announced at Mining Indaba 2026 in Cape Town that preparations for drilling activities will commence in March. He indicated that the government remains in the early stages of exploration across
Eni Announces Major 500 Million Barrel Oil Discovery Offshore Angola at Algaita-01 Well Eni has confirmed a significant oil discovery at the Algaita-01 exploration well in Block 15/06, offshore Angola, approximately 18 kilometers from the Olombendo floating production, storage and offloading unit (FPSO). Preliminary estimates indicate that the discovery contains approximately 500 million barrels of oil in place, reinforcing the exploration potential of Angola’s deepwater Lower Congo Basin. Drilling Results and Reservoir Quality The Algaita-01
East African Crude Oil Pipeline Nears Completion as Uganda and Tanzania Plan First Oil Shipment in July 2026 Tanzania and Uganda are preparing to launch their first crude oil shipment through the East African Crude Oil Pipeline (EACOP) by July 2026, following high-level talks between Tanzanian President Samia Suluhu Hassan and Ugandan President Yoweri Museveni. Officials from both countries confirmed that technical coordination is underway to finalize export readiness, including operational procedures and supporting infrastructure
Angola Oil Exports Reach 357 Million Barrels in 2025 as China, India and Indonesia Lead Demand Angola exported 93.94 million barrels of crude oil in the fourth quarter of 2025, bringing total annual exports to 357.10 million barrels, according to the Ministry of Mineral Resources, Petroleum and Gas. The exports generated approximately $24 billion in revenue for the year. The figures were presented by Secretary of State for Oil and Gas José Barroso during a
Cabinda Refinery Set to Supply Diesel and Jet Fuel from March as Gemcorp Plans $700M Expansion The Chief Executive Officer of Gemcorp announced in Luanda that the Cabinda Refinery is expected to begin supplying petroleum products to the market as early as March, following the completion of final performance tests. Speaking at the launch of Imbono, an integrated investment development platform, Marcelo Hofke said commissioning activities are nearing completion, with testing scheduled to conclude by
