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SAPETRO agrees to acquire 40% of Nigeria’s OPL257 ahead of Egina South appraisal
South Atlantic Petroleum (SAPETRO), a Nigerian oil and gas exploration and production company, has signed a farm-out agreement with TotalEnergies to acquire a 40% participating interest in Nigeria’s offshore OPL257 block.
Gulf of Guinea oil regains strategic appeal as global energy shocks mount – Carnegie
A Carnegie analysis says the Gulf of Guinea holds 4.5% of global oil reserves and could help Western markets bypass Middle East chokepoints.
ADNOC seals deal to supply India's Gujarat Energy with 4mn tonnes of LNG per annum
The Abu Dhabi National Oil Company will supply 4mn tonnes per annum of LNG to India’s Gujarat Energy over 10 years starting in 2028, corporate disclosures confirm.
UAE's Dana Fas posts 47.2% profit surge in first nine months of 2026
Sharjah’s Dana Gas reported a 47.2% y/y surge in nine-month 2026 net profits to $151.94mn, driven by increased production and a major one-off settlement in Iraqi Kurdistan.
Africa’s $40bn upstream investment outlook hinges on project delivery, says AEC
Africa’s upstream oil and gas sector is expected to attract around $40bn in annual investment, but production growth through 2030 will depend on how quickly operators secure final investment decisions and bring projects into operation.
Ghana think tank warns over financing risks of 2,000MW Russian nuclear project
Ghanaian policy group IPPG is seeking details on financing, sovereign guarantees and risk-sharing for a 2,000MW Russia-backed nuclear plant agreed in Moscow, as Ghana already has CNNC and NuScale-linked projects.
Israel's NewMed Energy extends $200mn credit facility
NewMed Energy has extended the availability period of its $200mn credit facility from an undisclosed Israeli bank until November 10, 2027, according to a filing with the Israel Securities Authority.
Nigeria grid output falls as NISO cites gas shortages, lower reservoir inflows
Nigeria’s grid electricity generation has declined, with the Nigerian Independent System Operator (NISO) blaming constrained gas supplies to thermal plants and reduced water inflows at hydropower stations.
Nigeria’s NNPCL September revenue rises to $3.4bn trillion as hydrocarbon output edges up
Nigeria’s state-owned NNPC Ltd reported September revenue of NGN4.61 trillion ($3.4bn), up 23.3% from NGN3.74 trillion in August, as total hydrocarbon production edged higher.
Dangote’s Lamu refinery puts Kenya’s shelved Turkana oil pipeline back in play - presidential advisor
A senior adviser to Kenyan President William Ruto has said Aliko Dangote’s planned refinery in Lamu makes a long-shelved crude pipeline from the South Lokichar oilfields in Turkana County bankable
Kazakhstan targets 79mn tonnes of oil exports in 2027, seeking alternative routes
Kazakhstan plans to export around 79mn tonnes of crude oil in 2027 from total production of 99mn tonnes, Energy Minister Erlan Akkenzhenov said on November 5.
Hungary's MOL secures OFAC approval for preparatory steps in planned NIS acquisition
The licence allows MOL to move ahead with preparations for the deal, but the final transfer of Russian ownership or control of Serbia's NIS will require seperate approval from OFAC.
Liberia tightens carbon-credit oversight with new reporting and financial controls
Liberian President Joseph Boakai has issued Executive Order No. 170 strengthening oversight of the country's carbon-credit market, introducing tighter financial controls, reporting requirements and community safeguards
Polish energy group Orlen posts 31% y/y Q3 revenue growth driven by foreign expansion
Poland's biggest energy company Orlen saw its foreign assets' revenue up by 40% y/y in Q3 2026 against the group's total revenue growth of 31% y/y, the company said on November 5. The group's EBITDA LIFO surged by 66% y/y at that time.
Ghana’s GNPC Explorco targets Voltaian Basin spud in Q4 as it bids for independent operatorship
GNPC Explorco, the upstream arm of Ghana’s state oil company, is sticking to a fourth-quarter 2026 target to drill the Voltaian Basin’s first well since 1974, as falling offshore output raises the stakes.
Uganda and Tanzania tighten oversight of $5bn oil pipeline
Uganda and Tanzania have agreed to strengthen cooperation in overseeing the construction and future operations of the East African Crude Oil Pipeline (EACOP), as the 1,443km project approaches completion
Indonesia maps out workforce plan for first nuclear plant
Indonesia's National Research and Innovation Agency (BRIN) is pressing for a detailed roadmap to train the workforce the country will need for its first nuclear power plant, the agency said on November 6.
Indonesia, Poland sign five mining, EV skills pacts
The partners aim to do more than transfer equipment and know-how. They want Indonesian staff who can run, maintain and further develop technology suited to domestic industry.
Singapore, Norway launch joint shipping decarbonisation grant call
Singapore and Norway have opened a joint research funding call worth more than $4mn to find ways of cutting emissions from international shipping.
Sarawak, Malaysia premier eyes year-end fix for Petronas gas row
Sarawak Premier Abang Johari Openg expects Petroliam Nasional Bhd (PETRONAS) and state-owned Petroleum Sarawak Bhd (PETROS) to settle their gas dispute out of court before the end of 2026.
‘Harsh winter’ on the horizon as Israeli strikes exacerbate Iran’s gas crisis
Damage to key gas facilities from Israeli air strikes has left Iran facing a deeper supply crisis, with millions of consumers likely to feel the impact and industry expected to bear the brunt.
AboitizPower unit buys 60% stake in Philippine solar project
Aboitiz Renewables, Inc. (ARI), a wholly owned subsidiary of AboitizPower (PSE: AP), plans to pay PHP750mn ($12.8mn) for a 60% stake in a company building a solar plant with battery storage in the southern Philippine province of Bukidnon.
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