Libya’s NOC Surpasses Oil Production Target, Eyes Future Growth

The National Oil Corporation (NOC) has announced that daily crude oil production has exceeded its annual target, reaching an impressive 1,405,609 barrels of crude oil, alongside 52,633 barrels of condensates. This milestone highlights the unwavering dedication and resilience of workers at production sites across the nation, despite challenges such as delays in approving the 2024 budget. In a statement celebrating the achievement, the NOC credited the collaborative efforts of its workforce and partners and outlined

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Angola and Oman Forge Energy and Mining Partnerships

Angola and Oman have signed a landmark agreement and two memoranda of understanding (MoUs) to strengthen collaboration in the energy and mining sectors. The agreement, finalized during Angolan President João Lourenço’s official visit to Oman on December 19, grants Oman a stake in Angola’s Catoca and Luele diamond mines, two of the country’s significant mining assets. The first MoU establishes a framework for cooperation in energy development, while the second focuses on exploring strategic financing

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Dangote Refinery Expands Petroleum Exports to Africa and Europe

Nigeria’s Dangote Petroleum Refinery has expanded its petroleum export operations to include Cameroon, Ghana, Angola, and South Africa. The announcement was made by Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited, during a visit from a delegation of Japanese business leaders to Nigeria. Edwin highlighted a recent partnership with Cameroon’s Neptune Oil, enabling the export of petroleum products to the Central African nation. In addition to its growing African market presence,

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Eni Accelerates Second Phase of Production at Ivory Coast’s Baleine Field

Italy’s energy giant, Eni, announced the launch of the second phase of oil and gas production at Ivory Coast’s offshore Baleine field on Saturday. This milestone comes ahead of the originally scheduled start date set for late 2024. Discovered by Eni in September 2021, the Baleine field began production in August 2023. The newly commenced second phase boosts output to 60,000 barrels of oil per day (bbl/d) and 70 million standard cubic feet of associated

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Major Energy Developments to Watch in Angola in2025

Striving to boost natural gas production while maintaining crude output above one millionbarrels per day (bpd) beyond 2027, Angola has a strong project pipeline planned for 2025.Beyond oil and gas developments, the country seeks to diversify its energy matrix throughinvestments in green hydrogen and renewable energy. From FID to the start of operations to aninternational bid round and regulatory reform, 2025 promises to be an exciting year for Angola’senergy industry. 2025 Bid Round Angola will

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ACREP to Begin Oil Exploration in Angola’s Cabinda Norte Block in 2025

Angolan upstream firm ACREP plans to commence oil exploration in the onshore Cabinda Norte Block in 2025, with the goal of determining the economic viability of the block. The company will conduct feasibility studies to assess the block’s potential production capacity following exploration. Since 1968, up to 20 wells have been drilled in the block, but bureaucratic challenges have hindered their development. ACREP’s Operations Director, Idonio dos Santos, stated that these challenges have now been

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Noble Corporation Secures $171 Million Drilling Contract with Tullow Ghana

Offshore drilling contractor Noble Corporation has secured a $171 million contract with Tullow Ghana to deploy its Noble Venturer drillship for exploration services in the West African nation. Under the 360-day contract, the Noble Venturer will drill six wells starting in May 2025. The first two wells are scheduled for completion within 120 days, followed by a maintenance period for the drill rig until the end of 2025. The remaining four wells are set to

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Chevron’s CABGOC Achieves First Gas from Sanha Lean Gas Connection in Angola

The Cabinda Gulf Oil Company (CABGOC), a subsidiary of Chevron, has successfully achieved first gas from its Sanha Lean Gas Connection project in Angola. Valued at $300 million, the project involves the development of a platform that connects to the Sanha condensate complex and features pipelines linking Blocks 0 and 14 to the Angola Liquefied Natural Gas (ALNG) facility and the Soyo power plant. The first phase of the project will deliver approximately 80 million

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Namibia’s Mines Minister Calls for Strategic Planning to Maximize Oil and Gas Benefits

Namibia’s recent oil and gas discoveries in the Orange Basin present a tremendous opportunity for economic transformation, but Minister of Mines and Energy Tom Alweendo warns that deliberate preparation and strategic planning are essential for turning potential into reality. Speaking at the launch of the Industrial Baseline Survey (IBS) Outcomes for Namibia’s upstream oil and gas (O&G) industry, Alweendo emphasized that economic benefits won’t materialize automatically. “Just because there’s a discovery doesn’t mean we’ll instantly

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Namibia Emerges as a Global Oil and Gas Exploration Powerhouse

Namibia is set to solidify its position as a key player in global oil and gas exploration, with four rigs preparing to commence drilling wells valued at $100–200 million each in the Orange Basin. These high-stakes operations are expected to begin within the week. Simran Bandal, Subsurface Senior Analyst at Wood Mackenzie, emphasized the potential of these developments to elevate Namibia’s standing in the global energy sector. The Orange Basin has already proven its promise

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