ESG/Investment
News
April 16, 2025
bp Plc’s major strategy reset is less than two months old, but the foundations of the company’s pivot back to oil are already starting to look shaky as Brent crude prices fell below $70 per barrel last week -- a level bp has said is crucial for meeting its targets.
News
April 15, 2025
EXPLORCO, the exploration division of the Ghana National Petroleum Corporation (GNPC), is set to spud its first exploration well in the Voltaian basin in Q1 2026, targeting new leads and play-opening discoveries.
News
April 11, 2025
The UAE’s recent investments in Mozambique and Egypt highlight its expanding role in Africa’s energy sector, positioning it as the continent’s largest investor and a key partner in driving future growth.
News
April 10, 2025
The equity investment into Kimmeridge's SoTex HoldCo marks Mubadala Energy's U.S. market entry and ambitious expansion strategy. Kimmeridge's highly scalable upstream gas and LNG business comprises currently producing upstream gas assets and a pre-FID LNG project.
News
April 07, 2025
Striving to increase production and reverse natural declines in mature oilfields, Ghana is promoting new investment across its upstream oil and gas sector through national upstream regulator the Petroleum Commission of Ghana.
News
April 03, 2025
In a bid to bolster significant global investment and competitiveness within Africa's oil and gas sector, national oil companies (NOCs) in Nigeria and Angola are progressing with long-anticipated initial public offerings (IPOs).
News
April 01, 2025
In a significant development for Africa's energy sector, Nigeria, Angola and Ghana have fulfilled their capital commitments toward establishing the Africa Energy Bank (AEB). This milestone represents 44% of the minimum required funding from APPO.
News
March 28, 2025
Nigeria’s state oil company is courting international and local markets for advisers as it prepares for a long-delayed initial public offering. CFO Olugbenga Oluwaniyi stated that the company was in the “final stage” of obtaining a listing.
News
March 26, 2025
A conservation group is challenging Britain’s government in a London court over 31 North Sea oil and gas exploration licenses that it says could put marine protected areas and climate stability at risk.
News
March 25, 2025
The North Sea Transition Authority raised its forecasts for investment and production in the coming years after 2024 figures were higher than expected. The NSTA said capex totaled £5.95 billion ($7.7 billion) last year, more than 50% above an October projection.
News
March 20, 2025
Climate activist Follow This is calling for investors in bp Plc to vote against the reappointment of Chairman Helge Lund at next month’s annual general meeting, in a public rebuke to the company’s recent pivot back toward oil and gas.
News
March 19, 2025
Citadel has agreed to buy assets from closely held Paloma Natural Gas in a deal valued at about $1 billion, people familiar with the matter said. The acquisition gives the hedge fund access to acreage and producing assets, though it will not operate them directly.
News
March 19, 2025
CEOs representing Canada’s energy industry sent a letter to Canadian federal political leaders outlining an urgent action plan to strengthen the nation's economic sovereignty through rapid regulatory restructuring and investment in oil and natural gas infrastructure.
News
February 26, 2025
In a highly anticipated presentation, bp CEO Murray Auchincloss reversed a plan to shrink oil and gas production and cut investments in low-carbon energy, but also slashed the quarterly share buyback, dimming the appeal to investors.
News
February 21, 2025
The African Export-Import Bank (Afreximbank) has announced plans to establish a $1 billion oil service financing facility in Guyana. This initiative aims to enhance local participation in the country’s fast growing oil industry, in alignment with the government's local content policies.
News
February 14, 2025
Expanding opportunities within Mozambique’s oil and gas sector are strengthening ExxonMobil’s commitment to local content investments, said Armando Afonso, Public & Government Affairs Manager, ExxonMobil Mozambique at a recent roundtable.
News
February 13, 2025
The upcoming launch of the South African National Petroleum Company reflects a broader trend across Africa, where nations are restructuring their state-owned energy enterprises to attract investment, improve efficiency and enhance energy security.
Article
January 2025
News
January 21, 2025
Libya’s Oil & Gas Minister outlined plans to boost production to 1.6 million bpd in 2025 and 2 million bpd long-term, with brownfield development and local investment at the core, during the Libya Energy & Economic Summit.
News
January 21, 2025
Nigeria ranks as Africa’s top destination for upstream oil and gas investment in 2024, research from Wood Mackenzie shows. The African Energy Chamber commends Nigeria for its dedication to simplifying policies and facilitating market growth in the energy sector.
