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Offshore Africa Magazine - October 2025

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Offshore Africa Description:

Publisher: Jubert-Communications-Limited

Category: Business

Language: English

Frequency: 11 Issues/Year

Offshore Africa magazine is the voice of the African oil and gas industry. The publication is launched to highlight recent developments in the oil and gas sectors in Africa.

In this issue

October 2025

Amni's Ghana Drilling Campaign Signals Renewed Offshore Confidence

Amni International Petroleum Development Company has awarded Noble a new contract for the drillship Noble Venturer to execute an exploration well offshore Ghana. The 55-day campaign, set to begin once the rig completes its current commitment in late 2026 or early 2027, carries a day rate of $450,000.

1 mins

Keta Basin: Ghana's Next Frontier in the Deepwater Race

In the evolving story of Africa’s upstream oil and gas renaissance, Ghana’s Keta Basin is quietly emerging as one of the continent's most promising deepwater frontiers. Long overshadowed by the prolific Tano Basin to the west, this vast underexplored basin along Ghana’s eastern coast is now drawing renewed attention from industry leaders, global explorers, and policymakers alike - all converging on one conviction: the Keta Basin could be Ghana’s next Jubilee moment.

3 mins

Africa's Next Oil & Gas Hotspots

Global demand headwinds and climate transition pressures are reshaping upstream oil & gas investment. Yet, across West and Central Africa, deepwater and transform margin plays are surging to the fore. Backed by major IOC commitments and aggressive indigenous engagement, several regions are rapidly becoming prime frontiers. Below we map the key hotspots and underlying drivers defining the next wave of oil & gas growth in Africa.

3 mins

Eni Expands Offshore Footprint with New CI-707 Block in Côte d'Ivoire

In a move that deepens its West African portfolio, Eni has signed an exploration contract with the Ivorian Ministry of Mines, Petroleum and Energy for the offshore CI-707 block in Abidjan. The licence spans 2,926 square kilometres in water depths ranging from 1,000 to 3,000 metres, with an exploration period of up to nine years.

1 mins

Kadijah Amoah Urges Africa to Tap $250 Billion Pension Assets for Oil and Gas Growth

At a time when global appetite for oil investments is shrinking under the weight of the energy transition, Mrs. Kadijah Amoah, CEO of Pecan Energies, has issued a bold call for African nations to turn inward and leverage the continent's own wealth to fund the future of its oil and gas sector.

2 mins

Nigeria's Indigenous Energy Champions Redraw the Oil and Gas Map

How Seplat, Sahara and Oando are reshaping Africa's upstream frontier

4 mins

Equinor's $42 Billion LNG Gamble in Tanzania: A Game Changer for East Africa

Norwegian energy major Equinor is edging closer to launching what could become Africa's single largest industrial investment: a $42 billion liquefied natural gas (LNG) project on Tanzania’s southern coast. If sanctioned, the project would not only transform Tanzania's economy but could reposition East Africa as a pivotal energy hub in the global LNG market.

2 mins

West Africa Gas Pipeline: Driving Regional Energy Integration and Industrial Growth

More than a decade after it began transporting natural gas from Nigeria to Benin, Togo, and Ghana, the West African Gas Pipeline (WAGP) stands today as one of Africa's most successful models of cross-border energy cooperation.

2 mins

Tema LNG at the Brink: Ghana's Gateway to a Gas-Powered Future

After years of false starts and shifting timelines, Ghana’s long-anticipated Tema Liquefied Natural Gas (LNG) terminal is back in focus. At the Africa Oil Week 2025 in Accra, President John Mahama announced that the facility would finally begin importing LNG and supplying gas by the end of 2026. Mahama framed the project as a strategic pivot for Ghana's energy future.

2 mins

DNV Launches Industry-First E-Methanol Tender Portal to Accelerate Low-Carbon Fuel Transition

In a major move to support Europe's clean energy ambitions, DNV the global energy expert and assurance provider - has announced the launch of the industry's first public tender portal for e-methanol procurement within the European Union and the United Kingdom.

2 mins

Morocco and China Power Africa's First Battery Gigafactory

A $5.6 Billion Milestone Redefines Africa's Role in the Global Energy Transition

3 mins

Bentley Systems Appoints Cate Lochead as Chief Marketing Officer

Bentley Systems has appointed Cate Lochead as Chief Marketing Officer, bringing over 20 years of enterprise software experience and a strong record in AI innovation.

1 mins

Eni Bets Big on Fusion: $1 Billion Power Deal Marks Leap Toward the Next Energy Revolution

In what may prove to be one of the most consequential clean-energy investments of the decade, Italian energy giant Eni has signed a $1 billion-plus power purchase agreement (PPA) with Commonwealth Fusion Systems (CFS) — a U.S.-based startup backed by MIT — to offtake electricity from the world’s first commercial-scale fusion power plant.

2 mins

Eni Leads Big Oil's Return to Libya's Offshore Frontier

Italy's energy major Eni has resumed offshore drilling in Libya, marking a significant step in the revival of the North African nation's oil and gas sector after years of conflict and pandemic disruptions.

1 mins

Algeria Bets Big on Energy Future with $60 Billion Investment Drive

Algeria has unveiled a sweeping $60 billion investment plan for 2025-2029, aimed at boosting oil, gas, and hydrogen development while accelerating a gradual shift toward renewable energy. The move signals a bold push by North Africa's largest country to reinforce its position as a reliable energy supplier and a regional leader in the energy transition.

1 mins

Egypt's Oil & Gas Revival: QatarEnergy Enters, Zohr Drilling Ramps Up

Egypt's oil and gas sector is experiencing a resurgence – spurred by offshore investment deals, renewed exploration in key fields, and efforts to revive LNG exports amid tightening domestic supply.

2 mins

CPTI and Partners Conclude High-Impact Crude Oil Products Training in Accra

Ghana's petroleum sector received a major boost with the successful completion of the Crude Oil Products 2-Day Virtual Training Program, held on 23rd and 24th September 2025 at The Palms, formerly Holiday Inn, Accra.

1 mins

Senegal Unveils $5 Billion Refinery Plan to Power Energy Independence

Senegal is charting a bold new course in its energy evolution, unveiling plans for a $5 billion second oil refinery designed to close its domestic fuel gap, reduce reliance on imports, and position the country as a regional refining hub.

1 mins

Ethiopia Breaks Ground on $2.5 Billion Gode Refinery

Ethiopia has taken a bold step toward energy self-sufficiency with the launch of the $2.5 billion Gode oil refinery in the Somali Regional State - a project that could redefine the nation's economic and industrial landscape.

1 mins

Solewant CEO: "Security is the Key to the Gulf's Trillion-Dollar Future"

At UNGA 80, Solomon Ewanehi urges binding maritime frameworks and regional industrial collaboration

2 mins

Eco Atlantic Refocuses Namibia Strategy with License Extensions and Local Partnership Deal

Eco (Atlantic) Oil & Gas Ltd., a leading independent exploration company focused on the Atlantic Margin, has announced a major strategic refocus in Namibia, securing key license extensions and farming out its 85% working interest in PEL 98 (Block 2213, “Sharon Block”) to Lamda Energy, a 100% Namibian-owned firm.

1 mins

Namibia's Oil Vision: Turning Black Gold into a Blessing for Generations

Namibia's rise as Africa's newest petroleum frontier is being guided by a deliberate and people-centered philosophy. With world-class oil and gas discoveries in the Orange Basin drawing global attention, Carlo McLeod, Namibia's Presidential Advisor on Petroleum, says the country is determined to ensure its natural wealth becomes a blessing-not a burden-for its citizens.

1 mins

Nigeria's Oil Renaissance: PIA Reforms Ignite $40 Billion Investment Surge and Deepwater Revival

Nigeria's upstream oil and gas sector is entering a new era of renewal and investor optimism—an oil renaissance driven by sweeping regulatory reforms, robust fiscal incentives, and an unmistakable resurgence in crude output.

3 mins

Ghana Overhauls Oil Laws to Attract Global Investment

Ghana is preparing a sweeping reform of its oil and gas laws aimed at revitalizing investor confidence and accelerating exploration, particularly in its frontier basins. The revised legislation-expected to be passed by Parliament before the end of 2025-marks a decisive shift toward competitiveness, transparency, and investorfriendly regulation.

1 mins

TotalEnergies Sparks Mozambique's LNG Resurgence

In the shimmering waters off Mozambique's northern coast, a long-delayed dream of energy transformation is stirring back to life. Four years after Islamist insurgents forced TotalEnergies to abandon its $20 billion liquefied natural gas (LNG) project on the Afungi Peninsula, the French supermajor is poised to return — signaling a powerful comeback for one of Africa’s most ambitious gas frontiers.

3 mins

Oil vs. Green: South Africa's High-Stakes Energy Battle

At the 2025 Africa Oil Week in Accra, South Africa's petroleum leadership delivered a clear message: the country’s vast hydrocarbon potential is real— and it is time to bring it to life. Yet, officials say, the nation's ambitions are being throttled by a growing wave of environmental opposition that threatens to stall one of Africa’s most promising energy frontiers.

3 mins

Silver's Surge and Africa's Prospect: Who Stands to Gain?

Newcore Gold Ltd. has announced a major expansion of its 2024-2025 drilling program at the 100%-owned Enchi Gold Project in Ghana to 45,000 metres. The decision follows a series of strong exploration results, robust investor confidence, and a solid cash position of approximately $10 million, bolstered by the recent exercise of $3.8 million in share purchase warrants.

3 mins

Newcore Gold Expands Enchi Drilling to 45,000 Metres as Strong Results Fuel Growth Plans in Ghana

1 mins

Gold Above $4,000: A Watershed Moment — What Africa Stands to Gain and Beware

Gold's surge past $4,000 per ounce marks a new chapter in the global commodities cycle. Spot gold climbing to ~$4,036/oz (with futures touching $4,058) reflects intense investor demand for safe assets amid macro volatility — from U.S. interest rate speculation to geopolitical unrest. In 2025, gold has already delivered ~+54 % year-to-date, outpacing equities, the U.S. dollar, and even bitcoin.For African producers — who supply roughly a quarter of global gold output — this moment offers both huge upside and fresh risks.

3 mins

Leveraging ILX to Unlock Ghana's Untapped Oil Wealth

Ghana stands on -the brink of a new oil boom-if it can harness the power of Infrastructure-Led Exploration (ILX). Home to the prolific Tano Basin and the world-class Jubilee field-estimated at 3 billion barrels Ghana has seen more than 30 offshore discoveries since its first commercial find in 2007.

1 mins

Ghana's Oil Reforms: Don't Sell the Cow for a Cup of Milk

By any measure, Ghana's oil and gas story is one of Africa's most promising. From the jubilant days of Jubilee's discovery in 2007 to today's conversations about reform, the country has come a long way. But the latest chatter about reducing investors feels like déjà vu from the African playbook of lost opportunities. Let's be clear: Ghana does not need to surrender its crown jewels to become investor-friendly. It needs confidence, capital discipline, and courage—the same traits that turned Norway from a modest Nordic kingdom into an oil powerhouse.