Ghana’s parliament has ratified license extensions for the Jubilee and TEN fields through 2040, enabling new drilling and investment plans by Kosmos Energy and partners while supporting higher oil and gas output and domestic gas supply. SourceContinue Reading

Cameroon has opened bidding for nine upstream oil and gas blocks across the Rio del Rey and Douala/Kribi Campo basins, offering data-rich exploration opportunities near existing production with proposals due by March 30, 2026. SourceContinue Reading

bp has renewed a long-term offshore operations and maintenance contract covering eight platforms in Azerbaijan’s Caspian Sea, with the agreement potentially exceeding $1 billion and reinforcing long-standing partnerships supporting safe, efficient regional production. SourceContinue Reading

Chariot plans to raise $20 million to fund Etu Energias’ acquisition of offshore Angola oil assets, gaining exposure to up to 4,000 bopd production. SourceContinue Reading

TIPRO has launched the Power Texas program with Arise Energy, offering Texas oil and gas operators access to competitive electricity procurement tools as power demand and electrification drive higher operating costs across the state. SourceContinue Reading

Guyana is ramping up infrastructure, gas-to-shore and economic diversification efforts as offshore oil production surges from Exxon-operated fields. President Irfaan Ali says the country aims to avoid the resource curse while accelerating long-term growth. SourceContinue Reading

Nigeria has ordered state oil company NNPC to remit more oil and gas revenue from production-sharing contracts to the federation account, eliminating key deductions in a move aimed at strengthening public finances and reshaping fiscal policy for the upstream sector. SourceContinue Reading

Russia’s oil drilling activity fell to a three-year low in 2025 as sanctions, weaker prices and a strong ruble pressured revenues, raising concerns about the country’s ability to sustain crude production and meet future OPEC+ supply targets. SourceContinue Reading

Expand Energy posted strong fourth-quarter results and is targeting higher gas output in 2026, as the U.S. producer ramps Haynesville activity, boosts cash flow and continues debt reduction while positioning for rising LNG-driven demand. SourceContinue Reading

Brava Energia has been authorized to proceed with the transfer of a 37.5% stake in Brazil’s offshore Papa-Terra field, subject to arbitration conditions and regulatory approvals including Brazil’s ANP. SourceContinue Reading