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Offshore Africa - May 2025

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Offshore Africa Description:

Uitgever: Jubert-Communications-Limited

Categorie: Business

Taal: English

Frequentie: 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 dit nummer

Kosmos Energy Powers Up Jubilee Momentum with 4D Seismic Milestone and Drilling Reboot

Africa’s Gas Awakening: LNG Expansion, Strategic Supply, and the Continent’s Global Energy Role

Electricity – Commissioning of the Wae power plant: 127 MW injected into the Senelec network

Kosmos Energy Powers Up Jubilee Momentum with 4D Seismic Milestone and Drilling Reboot

Kosmos Energy has kicked off 2025 with renewed strategic focus in Ghana's upstream sector, playing a pivotal role in two major developments at the flagship Jubilee field.

2 mins

Oil Markets Rattle as Trade War, Supply Fears Trigger Sharpest Monthly Price Decline Since 2021

Global oil prices are on track for their steepest monthly decline in over three years, with investor sentiment soured by escalating U.S.-China trade tensions, fears of a global economic slowdown, and mounting oil supply.

2 mins

Namibia's Oil Rush: Capricornus Discovery Signals New Chapter in African Energy

Namibia has emerged as Africa’s most exciting new oil and gas frontier, with a string of deepwater discoveries in the prolific Orange Basin reshaping global exploration maps and attracting supermajors eager to stake their claim.

2 mins

TotalEnergies Targets 2026 Drilling in South Africa's Offshore Gas Push

South Africa’s offshore oil and gas sector is drawing renewed interest as global energy players seek new frontiers amid the energy transition.

1 mins

GNPC Charts New Upstream Strategy to Revitalize Ghana's Oil Sector

At the 8th Africa Energies Summit in London, Kwame Ntow Amoah, Acting CEO of the Ghana National Petroleum Corporation (GNPC), outlined a bold vision to reset Ghana's upstream oil and gas agenda.

1 mins

Eni Advances Just Transition Goals

Eni has released the 2024 edition of its voluntary sustainability report, Eni for 2024 – A Just Transition, marking nearly two decades of transparent sustainability reporting.

1 mins

ABS and Akselos Push Digital Twin Frontier to Boost FPSO Integrity and Cut Costs

ABS and Akselos have taken a major step forward in digital transformation for offshore operations with the successful assessment of advanced digital twin technology tailored for Floating Production Storage and Offloading (FPSO) units.

1 mins

ONS 2026 to Champion Bold Action with Theme: Courage

The ONS Foundation has unveiled “Courage” as the official theme for ONS 2026, setting a bold tone for one of the world’s leading energy gatherings.

1 mins

Africa's Gas Awakening: LNG Expansion, Strategic Supply, and the Continent's Global Energy Role

At a recent oil and gas conference in Stavanger, Norway, Paul Eardley-Taylor, Gas Lead at Standard Bank South Africa, delivered a compelling presentation positioning Africa as a rising force in the global gas value chain.

2 mins

GTA Project Delivers First LNG Cargo

Kosmos Energy has officially joined the ranks of global LNG producers, marking a significant strategic milestone with the successful export of the first cargo from the Greater Tortue Ahmeyim (GTA) project offshore Senegal and Mauritania.

3 mins

Mauritania Emerges as Energy Investment Hotspot with Gas and Green Hydrogen Upside

Mauritania is rapidly positioning itself as a frontier energy investment destination, leveraging its newly developed LNG capacity and large-scale green hydrogen potential.

2 mins

Somalia's Oil Prospects: Evaluating Turkey's Role and Discovery Credibility

Somalia's potential oil breakthrough, backed by Turkish exploration, is generating excitement and skepticism.

1 mins

Ghana's Petroleum Sector in 2024: A Year of Challenges, Gains, and Continuing Reform Efforts

The Ghanaian oil and gas sector continued its path of development in 2024, navigating a series of challenges, operational slowdowns, and significant revenue fluctuations. A report by the Public Interest Accountability Committee (PIAC) provides an in-depth look at key developments within the sector, offering insights into exploration activities, field operations, and the distribution of petroleum revenues.

3 mins

Solewant Group CEO Champions Indigenous Excellence at NOGOF 2025

At the opening ceremony of the Nigerian Oil and Gas Opportunity Fair (NOGOF) 2025, held at the Nigerian Content Development and Monitoring Board (NCDMB) headquarters in Yenagoa, Bayelsa State, Mr. Solomon Ewanehi, CEO of Solewant Group, delivered a stirring goodwill message that underscored the vital role of indigenous innovation, institutional support, and strategic collaboration in shaping Nigeria's energy future.

2 mins

South Africa Holds Out for $100 Oil Before Releasing More Strategic Reserves

As global oil prices remain subdued, South Africa is taking a strategic pause, waiting for Brent crude to climb back to the $100 per barrel mark before selling additional volumes from its strategic petroleum reserves.

1 mins

In Kenya, a Briquette at a Time: A Local Solution to Deforestation and Energy Poverty

On the dusty streets of Njoro town in Nakuru County, what many see as worthless black powder, Dr Boniface Mutua sees as a solution--both for struggling families and Kenya's deforestation crisis.

2 mins

Nigeria's Naira-for-Crude Policy: A Bold Economic Shift or Risky Experiment?

As Nigeria transitions into a new phase of energy policy, a groundbreaking decision by the Federal Government—to denominate crude oil transactions in Naira for domestic refinery supply—signals a potential turning point for the nation’s economy, monetary system, and energy security.

2 mins

Nigeria's Naira-for-Crude Policy: A Bold Economic Shift or Risky Experiment?

2 mins

Rethinking Petroleum Subsidies in Ghana: Who Really Benefits?

Ghana’s longstanding policy of subsidizing petroleum products is intended to shield households from global price swings.

2 mins

Panoro Energy Strikes Big Offshore Gabon as Reserves and Production Soar

With a major new oil discovery, surging reserves, and robust production, Panoro Energy cements its position as a dynamic force in Africa's offshore oil frontier.

2 mins

Ex-Shell Traders Launch Atmin with Afreximbank to Boost African Oil Trade

A group of former Shell traders has launched a new trading firm, Atmin—short for Africa Trading Minerals—with backing from Afreximbank, aiming to revitalize Africa’s oil trade as Western firms retreat from the continent.

1 mins

North Africa's Oil Hopes Dim Amid IMF Growth Downgrade, Global Uncertainties

The International Monetary Fund (IMF) has slashed its economic growth forecast for the Middle East and North Africa (MENA) region to 2.6% in 2025, down sharply from its earlier projection of 4%, highlighting the growing risks facing oil-driven economies amid geopolitical tensions, faltering global demand, and weaker oil prices.

2 mins

Libya's Oil Revival: Opportunity or Overreach?

Libya is back in the oil and gas spotlight with billion-dollar projects and its first exploration licensing round in nearly two decades. But behind the optimism lies a fragile political reality that could once again upend progress.

2 mins

Nigeria Trims Electricity Subsidies by 35% as Tariff Reforms Begin to Bite

Nigeria has achieved a notable reduction in electricity subsidies following targeted tariff reforms, but deeper challenges continue to haunt the nation’s power sector.

2 mins

Ghana Commits to Clearing $2.5 Billion Energy Debt by Year-End

Ghana is making firm strides toward settling its $2.5 billion debt owed to independent power producers and gas suppliers, President John Dramani Mahama announced in May.

1 mins

Electricity - Commissioning of the Wae power plant: 127 MW injected into the Senelec network

The Wae power plant in Senegal

1 mins

Africa's Oil Giants Under Pressure: How Nigeria and Angola Are Navigating a Tougher Global Economic Climate

The recent decline in global oil prices is posing serious economic challenges for oil-rich African countries like Nigeria and Angola, as the region braces for slower growth and tight external financing conditions.

2 mins

Newcore Gold Reports Exceptional Drilling Results at Enchi Gold Project

Newcore Gold Ltd. has released impressive drilling results from its ongoing 35,000-metre program at the Enchi Gold Project in Ghana.

1 mins

West Africa Pushes for Bigger Slice of Gold Boom Amid Rising Prices and Resource Nationalism

As global gold prices soar to record highs—driven by geopolitical uncertainty and erratic trade policies from the U.S.—West African countries are intensifying demands for a greater share of their mineral wealth.

2 mins

U.S. Bets Big on Congo's Critical Minerals

In a quiet but momentous geopolitical shift, the United States is steering a high-stakes minerals diplomacy in Central Africa that could reshape the global balance of power in the race for critical metals.

3 mins

Zambia Taps Bullish Copper Market with 30% Output Surge

Zambia has capitalized on soaring global copper demand with a 30% year-on-year increase in first-quarter 2025 copper production, reaching 224,000 metric tons, up from 173,000 tons in 2024.

1 mins

OTC 2025: Offshore’s New Frontiers and Africa’s Bold Technological Ascent

The 2025 Offshore Technology Conference (OTC) in Houston was nothing short of a seismic gathering—where global energy heavyweights, visionary technocrats, and disruptive innovators converged to map the future of offshore oil and gas.