Ghana signs offshore exploration MoUs with Eni and Vitol for two Tano Basin acreages Ghana has signed two memoranda of understanding with Eni Ghana, Vitol Upstream Tano and the Ghana National Petroleum Corporation (GNPC) covering two offshore acreages in the Tano Basin, opening a new phase of exploration in the country’s petroleum sector. The agreements cover the Tano Basin offshore blocks, with Eni Ghana and Vitol expected to undertake technical and commercial evaluations of the
ReconAfrica secures N$254 million to advance Kavango West 1X oil and gas testing in Namibia Reconnaissance Energy Africa (ReconAfrica) has secured N$254 million in funding to advance testing at its Kavango West 1X (KW1X) well in Namibia, following the identification of hydrocarbons at the exploration well. The funding will support the company’s ongoing production testing programme, which is designed to assess the reservoir’s performance, determine the type and quality of hydrocarbons present and establish the
Kenya targets first Turkana crude oil exports in Q1 2027 as South Lokichar production starts Kenya is on track to export its first commercial crude oil from Turkana in the first quarter of 2027, with production from the South Lokichar Basin expected to begin in December 2026. The Energy and Petroleum Regulatory Authority (EPRA) said the project was progressing in line with the approved Field Development Plan, with first crude expected to be transported from
Senegal signs Eni MoU to assess SN01M, SN02M, SN03M, SN07M and SN40M offshore blocks Senegal has signed an agreement with Italian energy major Eni to assess the oil and gas potential of five offshore blocks as the country seeks to revive exploration and attract new investment into its petroleum sector. The memorandum of understanding covers blocks SN01M, SN02M, SN03M, SN07M and SN40M, located within Senegal’s offshore sedimentary basin. Under the agreement, Eni will fully finance
TotalEnergies takes 40% operatorship of Namibia’s Mopane oil discovery with 2028 investment decision targeted TotalEnergies has completed a transaction with Galp that gives it operatorship of the Mopane oil discovery offshore Namibia, strengthening its position in the country’s Orange Basin. Under the agreement, TotalEnergies acquired a 40% operated interest in Petroleum Exploration Licence 83 (PEL83), which contains the Mopane discovery. Galp also retains a 40% interest, while state-owned Namcor and Custos each hold 10%. In
Aliko Dangote considers additional Dangote Refinery share sale as US$14.3bn expansion advances Nigerian billionaire Aliko Dangote has indicated that he could sell additional shares in Dangote Petroleum Refinery and Petrochemicals as the company seeks to raise capital for a major expansion of the Lagos-based facility. The comments came as the refinery launched its initial public offering (IPO), which is seeking to raise about US$1.6 billion through the sale of 4.1 billion shares. The IPO opened
Dangote Refinery posts US$1.82bn H1 2026 profit as jet fuel exports to Europe reach 80,000 bpd Nigeria’s Dangote Refinery recorded a US$1.82 billion net profit in the first half of 2026, supported by increased fuel exports to Europe as disruptions to Middle Eastern supplies tightened global markets. The refinery generated more than US$13 billion in revenue during the six months, marking a sharp turnaround from the US$476 million loss recorded in 2025. The 650,000-barrel-per-day facility
Enbridge to acquire 75% of Pony Express Pipeline in US$2.55bn Tallgrass crude oil deal Canadian energy infrastructure company Enbridge has agreed to acquire Tallgrass Energy’s crude oil transportation business for US$2.55 billion, expanding its pipeline and storage footprint across key US producing regions. The transaction will give Enbridge a 75% interest in the Pony Express Pipeline, a 1,050-mile crude oil system with capacity of about 460,000 barrels per day (bpd), linking oil production in the
Chevron Targets Argentina, Mediterranean and India in Global LNG Expansion Chevron is looking to expand its global liquefied natural gas (LNG) portfolio, with Argentina and the eastern Mediterranean emerging as key areas of potential growth as countries seek greater security and diversity of energy supplies. Freeman Shaheen, President of Global Gas at Chevron, said recent geopolitical disruptions had highlighted the importance of diversifying LNG sources and contracting structures. Chevron expects to have about 20-million tonnes
TotalEnergies Takes Operatorship of Namibia’s Mopane Oil Discovery, Targets 2028 FID French energy major TotalEnergies has completed its acquisition of a 40% operated interest in Namibia’s Petroleum Exploration Licence 83 (PEL83), marking its formal entry as operator of the Mopane oil discovery in the Orange Basin. The transaction, agreed with Galp in December 2025, has received final approval from Namibian authorities. Under the agreement, TotalEnergies acquired Galp’s 40% operated interest in PEL83, while Galp acquired
