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International News Oil

Nigeria Strengthens Oil Leadership with Awodi-07 Discovery and Dangote Refinery Boost

Nigeria Confirms Awodi-07 Oil Discovery as Dangote Refinery Transforms Domestic Energy Market Nigeria’s oil sector has received a significant boost following a new discovery at the Awodi-07 appraisal and exploration well in the western Niger Delta, reinforcing the country’s position as Africa’s leading oil producer. The well, drilled by Chevron Nigeria Limited (CNL) under its joint venture with NNPC Limited, is located in shallow offshore acreage and confirmed hydrocarbons across multiple reservoir zones. NNPC spokesperson

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International News Oil

Libya Secures $20 Billion Energy Investment to Revive Oil Sector and Challenge Nigeria’s Lead

Libya Signs $20 Billion Deal with TotalEnergies and ConocoPhillips to Boost Oil Production by 850,000 BPD Libya, Africa’s largest holder of proven oil reserves, has secured a landmark $20 billion investment from US and French energy giants in a 25-year agreement aimed at revitalizing its oil sector and potentially positioning the country as Africa’s top oil producer. The deal, executed through Waha Oil Company, a subsidiary of Libya’s state-run National Oil Corporation (NOC), involves TotalEnergies

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Corporate News Local Oil

Chevron and Angola Bring N’dola Sul Online in Major Block 0 Milestone

N’dola Sul Start-Up Boosts Angola’s Oil Output as Government and Chevron Extend Life of Block 0 The start-up of the N’dola Sul oil project in Block 0 has been hailed as a major milestone for Angola’s oil industry, strengthening national production capacity and extending the life of one of the country’s most historic offshore assets. Speaking at the ceremony marking the start of production, the Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, underscored

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Corporate News International Oil

Shell Weighs $20bn Investment in Nigeria’s Bonga South West Offshore Oil Project

Shell Considers $20 Billion Offshore Oil Investment in Nigeria’s Bonga South West Field Shell Plc and its partners in Nigeria are evaluating development options for the Bonga South West deepwater oil project, an offshore asset that could attract up to $20 billion in investment if it reaches a final investment decision (FID), according to Shell’s chief executive officer, Wael Sawan. Speaking in a video shared by Nigeria’s presidency, Sawan said Shell is working closely with

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International News Oil

GNPC Explorco Prepares to Launch Oil Exploration in Ghana’s Northern Region

GNPC Explorco to Begin Crude Oil Exploration in Ghana’s Voltaian Basin in 2026 GNPC Explorco, the exploration and production subsidiary of the Ghana National Petroleum Corporation (GNPC), is preparing to commence crude oil exploration in Ghana’s Northern Region as part of a broader strategy to expand the country’s energy sector and support economic growth. The planned exploration will focus on the Voltaian Basin, which covers large parts of the Northern Region and is widely believed

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Corporate News International Oil

Sintana Energy Secures Exclusive Negotiation Rights for Offshore Namibia Block

Sintana Energy Wins Exclusivity to Negotiate Stake in Namibia’s Walvis Basin PEL 37 Sintana Energy has secured exclusive rights to negotiate a potential investment in a large offshore exploration licence in Namibia’s Walvis Basin, strengthening its footprint in one of the world’s most closely watched emerging oil provinces. The company said it has signed a letter of intent granting exclusivity until 30 April 2026 to negotiate an indirect interest in Petroleum Exploration Licence (PEL) 37.

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Corporate News Gas International Oil

Chevron Returns to Libya with New Oil and Gas Exploration Agreement

Chevron Signs MoU with Libya’s NOC to Assess New Oil and Gas Opportunities Energy major Chevron has signed a memorandum of understanding (MoU) with Libya’s National Oil Corporation (NOC) to evaluate potential oil and gas exploration and development opportunities, supporting the country’s efforts to boost hydrocarbon production. The agreement was signed during the opening ceremony of the Libya Energy and Economic Summit 2026 in Tripoli on Saturday. It was formalised by NOC Chairman Masoud Suleiman

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Local Economy News Oil

India Deepens Shift Away from Russian Oil with Increased Crude Purchases from Angola

Indian Oil Buys Angolan Crude as India Accelerates Move Away from Russian Oil Supplies India’s largest refiner, Indian Oil Corporation (IOC), has purchased about two million barrels of crude oil for March delivery as it accelerates a strategic shift away from Russian supplies and deepens sourcing from Africa, the Middle East, and Latin America. The purchases underscore Angola’s growing importance in India’s crude import mix, helping New Delhi reduce its reliance on Russian oil amid

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International News Oil

Kenya Moves to Privatise State Oil Pipeline Operator in Landmark IPO

Kenya Launches $825 Million Oil Pipeline IPO as Government Accelerates Privatisation Drive Kenya has launched the sale of a 65% stake in its state-owned oil pipeline operator, targeting proceeds of 106.3 billion shillings (approximately $825 million) in what is set to become East Africa’s largest initial public offering (IPO) denominated in local currency. The offering is a central pillar of President William Ruto’s broader strategy to divest from state-owned enterprises and relieve mounting pressure on

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Corporate News International Oil

Shell Revives Nigeria’s Bonga South West-Aparo Project with New FPSO Tender

Shell Restarts Work on Nigeria’s $12 Billion Bonga South West-Aparo Deepwater Oil Project Shell Plc has restarted preparatory activity on Nigeria’s long-delayed Bonga South West-Aparo offshore oil project by launching a new tender process for a floating production, storage, and offloading (FPSO) unit, signaling renewed momentum for one of the country’s largest undeveloped deepwater prospects. The tender, initiated by the British energy major as part of early-stage project work, relates to the Bonga South West-Aparo

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