Business
Offshore Africa
Newcore Gold Expands Resource Potential at Enchi Project, Ghana
Newcore Gold Ltd. has announced another round of promising drill results from its ongoing 45,000-metre drill program at the 100%-owned Enchi Gold Project in southwestern Ghana.
1 min |
November 2025
Offshore Africa
Africa Steps Into the Critical Minerals Race
In the new global race for control of critical minerals, China remains the undisputed heavyweight, yet a quiet shift is underway and Africa is beginning to stir.
1 min |
November 2025
Offshore Africa
Star Oil Fuels Its Way to the Top: How a Homegrown Brand Overtook GOIL to Lead Ghana's Fuel Market
In just five years, Star Oil Ghana has transformed from a mid-tier player into the country's leading fuel retailer, overtaking state-owned GOIL Plc in market share and national reach.
2 min |
November 2025
Offshore Africa
Fuel Prices in Liberia Stay Steady Amid Regional Variance
Liberia's Ministry of Commerce and Industry (MOCI), in consultation with the Liberia Petroleum Refining Company (LPRC), has announced that while U.S. Dollar-denominated prices for gasoline (PMS) and fuel oil (AGO) remain unchanged, the Liberian Dollar (LD) equivalent at the pump has been adjusted to reflect the latest exchange rate.
1 min |
November 2025
Offshore Africa
Newmont's Ahafo North Mine: Ghana's Golden Testament to Stability
Under a cloudy Afrisipakrom sky, gold shimmered with new promise as Asantehene Otumfuo Nana Osei Tutu II, flanked by Ghana's Vice President Naana Jane Opoku-Agyemang and Newmont executives, cut the ribbon to inaugurate the $900 million Ahafo North mine — reaffirming Ghana's stature as a dependable mining destination amid shifting regional currents.
2 min |
November 2025
Offshore Africa
Solewant Group to Host 9th Africa Energy Summit: Showcasing Innovation and Sustainable Solutions for Africa's Energy Future
President Julius Maada Bio has appointed Mr. Cyril Arnold Grant as Sierra Leone’s new Minister of Energy, pending parliamentary approval.
1 min |
November 2025
Offshore Africa
South Africa heading for new load-shedding cliff
South Africa's electricity supply faces renewed pressure toward the end of the decade as Eskom's latest adequacy review warns of a potential 9.5-gigawatt generation shortfall if planned gas projects are delayed and coal plant retirements proceed as scheduled.
2 min |
November 2025
Offshore Africa
TotalEnergies' Return to Mozambique LNG Marks a Turning Point for Africa's Gas Ambitions
TotalEnergies has officially lifted the force majeure on its $20 billion Mozambique LNG project, marking a long-awaited return to one of Africa's most ambitious and geopolitically significant energy developments.
2 min |
November 2025
Offshore Africa
Nigeria's Energy Revolution: Dangote Refinery, 15% Fuel Tariff, and the Path to Self-Sufficiency
Nigeria is making a bold stride toward energy self-sufficiency as the Dangote Petroleum Refinery ramps up production while the government enforces a 15% import tariff on petrol and diesel. Africa’s largest refinery, capable of processing 650,000 barrels per day, has now achieved a combined output of 70 million litres daily—45 million litres of petrol and 25 million litres of diesel—exceeding domestic demand.
1 min |
November 2025
Offshore Africa
Guinea Accelerates Alumina and Iron Ore Processing
Guinea is fast-tracking alumina refineries and iron ore pellet plants to end decades of raw ore exports, Mines Minister Bouna Sylla said, ahead of the first shipments from the Simandou iron ore mine.
1 min |
November 2025
Offshore Africa
Trump's Threats Put Nigeria's Oil and Gas Investment Climate Under Strain
U.S. President Donald Trump's recent warnings to cut aid—and even consider rapid military action—over alleged mass killings of Christians in Nigeria have sharply escalated geopolitical tensions and injected new uncertainty into Africa's largest oil and gas market. While the rhetoric is dramatic, the implications for investors and financiers are immediate: heightened political risk threatens to disrupt project timelines, tighten financing, and complicate the delicate above-ground conditions essential for upstream development in a country already grappling with security and reform challenges.
2 min |
November 2025
Offshore Africa
Bentley Systems and EARTHBRAIN Announce Strategic Partnership to Accelerate Digital Construction
Bentley Systems, Incorporated, a global leader in infrastructure engineering software, and EARTHBRAIN Co., Ltd.-a joint venture between Komatsu Ltd., NTT DOCOMO BUSINESS, Inc., Sony Semiconductor Solutions Corporation, and Nomura Research Institute, Ltd.today announced a strategic partnership aimed at accelerating digital transformation in the construction industry.
1 min |
November 2025
Offshore Africa
Solewant Group to Host 9th Africa Energy Summit: Showcasing Innovation and Sustainable Solutions for Africa's Energy Future
Solewant Group, one of Nigeria’s leading names in pipeline manufacturing and coating technology, is set to host the 9th Africa Energy Summit at its world-class Solewant Industrial Park in Alode, Onne, Eleme, Rivers State, from November 27-28, 2025, between 9 a.m. and 5 p.m. daily.
2 min |
November 2025
Offshore Africa
Nigeria's $303 Billion Oil Theft Scandal
Nigeria's oil industry - the backbone of Africa's largest economy is facing renewed scrutiny after a Senate investigation uncovered an alleged $303 billion shortfall in crude oil sales and exports.
1 min |
November 2025
Offshore Africa
Can Energy-Starved Africa Power Its Data Centers?
Africa stands at a critical crossroads — between digital promise and energy poverty. As cloud computing, AI, and fintech drive global demand for data infrastructure, the continent has become the newest frontier for data center investment. From Lagos and Nairobi to Johannesburg and Accra, hyperscale and regional players are racing to build digital hubs. Yet the paradox remains: can a continent struggling to keep its lights on power the data revolution it dreams of leading?
2 min |
November 2025
Offshore Africa
Congo Republic in Talks for Debt-for-Nature Swap to Protect Congo Basin Rainforest
The Republic of Congo is in advanced discussions with European partners on a potential debt-for-nature swap, a move that could both ease the country's debt burden and strengthen conservation of the Congo Basin, the world's second-largest tropical rainforest.
1 min |
November 2025
Offshore Africa
Halliburton Powers Feed Gas for Nigeria LNG Train 7
Halliburton is set to play a pivotal role in Nigeria LNG's Train 7 expansion through a new integrated services contract with Shell Nigeria Exploration and Production Co. Ltd. (SNEPCO), a subsidiary of Shell plc.
1 min |
November 2025
Offshore Africa
Why the Gunvor-Lukoil Deal Mattered for Ghana's Pecan Field
Swiss commodity trading giant Gunvor's abrupt withdrawal of its $22 billion bid for Lukoil's international assets has sent ripples far beyond Europe's energy corridors reaching all the way to Ghana, where hopes of unlocking one of West Africa's most promising oilfields now hang in the balance.
2 min |
November 2025
Offshore Africa
Libya Scores Second Major Hydrocarbon Discovery in Weeks
Libya's state-owned Arabian Gulf Oil Company (Agoco) has announced a new oil and gas discovery in the Ghadames Basin, marking the country's second hydrocarbon find in less than a month.
1 min |
November 2025
Offshore Africa
Namibia's Kharas-1 Well Confirms Hydrocarbon System
Namibia's offshore frontier continues to demonstrate its geological potential as BW Energy's Kharas-1 appraisal well on the Kudu gas field delivers early indications of a working petroleum system, complementing regional discoveries that are rapidly transforming the country's Atlantic margin into a highinterest exploration corridor.
1 min |
November 2025
Offshore Africa
AfCFTA and Africa's Energy Future: Turning Resources into Power
When H.E. Wamkele Mene, Secretary General of the African Continental Free Trade Agreement (AfCFTA), addressed industry leaders recently, his message was both urgent and hopeful: Africa has the resources to power itself, but not yet the structure or investment ecosystem to make it happen.
2 min |
November 2025
Offshore Africa
GOIL Named Petroleum Company of the Year
GOIL PLC, Ghana's only indigenous oil marketing company listed on the Ghana Stock Exchange, has been named 'Petroleum Company of the Year' at the 36th CIMG Annual Marketing Performance Awards.
1 min |
November 2025
Offshore Africa
Africa's Hydrocarbon Future Amid Global Policy Shifts: Balancing Stability, Sovereignty, and Gas-Led Growth
As political winds shift across the G7 and major economies redefine their energy agendas, Africa’s oil and gas landscape is entering a new phase of uncertainty — but also of opportunity. The continent's energy leaders, gathered at Africa Oil Week in Accra, acknowledged that geopolitical realignments, climate finance debates, and energy security pressures are reshaping investment flows in ways that could either accelerate or constrain Africa’s hydrocarbon ambitions.
2 min |
November 2025
Offshore Africa
Riverson Oppong Begins Second Tenure on SPE International Board of Directors
Riverson Oppong, PhD, has commenced his second term as the Africa Regional Director on the Society of Petroleum Engineers (SPE) International Board of Directors. Dr. Riverson's leadership continues to embody SPE's core pillarsSolutions.
1 min |
November 2025
Offshore Africa
Tanzania Uncovers Significant Natural Gas Deposits in Mtwara Region
Tanzania has reported the discovery of substantial natural gas deposits in the villages of Mnyundo and Mpapura in the Mtwara Region, roughly 500 kilometres south of Dar es Salaam.
1 min |
November 2025
Offshore Africa
Senegal to Reduce Energy Prices as Part of Social Stability and Economic Sovereignty Drive
The government of Senegal is preparing to implement significant reductions in the prices of electricity, gas, diesel, and petroleum products, Prime Minister Ousmane Sonko announced during the installation of the Steering Committee for the National Social Stability Pact for Inclusive and Sustainable Growth.
1 min |
November 2025
Offshore Africa
Africa's Solar Boom: The Continent's Quiet Energy Revolution
In just over a decade, Africa has gone from being an afterthought in global solar power discussions to one of the most dynamic growth regions on the planet.
1 min |
November 2025
Offshore Africa
Can Malawi Break Africa's Raw Material Curse?
In a bold and unprecedented move, President Peter Mutharika has banned the export of raw mineral materials from Malawi, warning that anyone caught violating the order will face arrest.
1 min |
November 2025
Offshore Africa
Sierra Leone and Eni Forge Strategic Partnership
In a landmark move signaling renewed global confidence in Sierra Leone's petroleum prospects, the Government of Sierra Leone has signed a Reconnaissance Permit Agreement with Italian energy major Eni S.p.A. for offshore technical evaluation across five deepwater blocks totaling 6,790 square kilometers in the Ghadames Basin.
1 min |
November 2025
Offshore Africa
Panoro Prepares Four-Well MaBoMo Phase 2 Drilling for 2026
Africa-focused Panoro Energy is gearing up for a pivotal year in 2026 as it advances preparations for a four-well MaBoMo Phase 2 development drilling campaign at the Dussafu Marin Block offshore Gabon. Operated by BW Energy, the project aims to sustain and potentially extend plateau production well into the next decade.
1 min |