Nigeria’s NNPC is preparing to develop new oil fields beginning next year as part of a plan to boost national output and raise up to $30 billion by 2030. The state-owned producer is also weighing divestments of non-performing assets and expects to launch bid rounds early in 2026. SourceContinue Reading

African producers are turning regulatory reform into real upstream gains. From Angola’s $70B project pipeline to Nigeria’s accelerated licensing and Congo’s LNG expansion, policy shifts are reshaping investment across the continent. SourceContinue Reading

Gabon is advancing major energy-sector reforms aimed at boosting upstream investment, separating its hydrocarbons framework into new oil and gas codes and unlocking deepwater potential. Growing production, offshore exploration agreements with bp and ExxonMobil, and LNG megaprojects position Gabon as a rising player in Africa’s oil and gas landscape. SourceContinue Reading

Saipem has secured $600 million in offshore work from Aramco, including pipeline installation and subsea intervention at multiple Saudi fields—further expanding its in-country fabrication footprint and LTA-backed project portfolio. SourceContinue Reading

Venezuela has begun shutting oil wells in the Orinoco Belt as U.S. blockade measures halt crude flows, forcing PDVSA to cut production by an estimated 25% due to storage constraints. SourceContinue Reading

Bollinger Shipyards has secured a contract to build four U.S. Coast Guard Arctic Security Cutters, advancing U.S. icebreaking capabilities and Arctic operational presence. SourceContinue Reading

U.S. ports are receiving Venezuelan crude despite a partial maritime blockade, with several Chevron-chartered tankers successfully unloading cargo and more en route. The activity highlights Chevron’s continued ability to move oil under its U.S. license as geopolitical tensions escalate and foreign vessels remain stalled offshore. SourceContinue Reading

Frontera Energy has signed a $120 million prepayment and commercial agreement with Chevron, supporting Colombian crude deliveries and bolstering liquidity as it replaces an expiring deal. SourceContinue Reading

Woodside and Türkiye’s BOTAŞ have finalized a long-term LNG sale and purchase agreement for 5.8 Bcm of gas, equal to 0.5 MMtpa over nine years starting in 2030. SourceContinue Reading

Oil prices rose Monday, with Brent near $62 and WTI above $58, supported by stalled Ukraine peace talks and China’s pledge to boost fiscal spending and demand in 2026. SourceContinue Reading