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Sierra Leone

ReconAfrica advances drilling of Kavango West 1X well in Namibia
Reconnaissance Energy Africa continues drilling its Kavango West 1X exploration well with plans to enter the Otavi reservoir in October and reach total depth by the end of November.
Sweden lifts uranium mining ban to revive nuclear industry
Stockholm plans to restart uranium extraction by lifting the 2018 ban, aiming to secure strategic supply chains and support domestic nuclear electricity production.

CNOOC Limited records 6.1% increase in production for H1 2025

With net output reaching 384.6 million barrels of oil equivalent, CNOOC Limited continues its expansion, strengthening both domestic and international capacities despite volatile crude oil prices.
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South African court blocks TotalEnergies oil project off Cape coast
The South African judiciary has revoked TotalEnergies’ authorization to explore a 10,000 km² offshore block, forcing the group into a new procedure that includes a public consultation.
Karpowership and Seatrium Partner to Deploy Floating LNG Power Plants
Karpowership and Seatrium formalize a strategic partnership to convert floating LNG units, strengthening their joint offering in emerging mobile electricity markets.

SBM Offshore commissions FPSO One Guyana, fourth unit operated in the country

FPSO One Guyana begins production as part of the Yellowtail development, with enhanced technical capabilities to optimise reliability and maintenance in deep waters.
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Infinity Power secures two 80 MW solar concessions in Côte d’Ivoire
Infinity Power and the Ivorian government have signed two concession agreements for photovoltaic plants totalling 80 MW, under the World Bank’s Scaling Solar programme.
Vaalco Energy posts net income of $8.4 mn in second quarter 2025
The US oil company recorded sales and production above its forecasts, despite lower crude prices and reduced profit compared to 2024.

Petrobras posts net profit of R$ 26.7 billion in the second quarter of 2025

Higher oil and gas production allowed Petrobras to offset the drop in Brent prices and maintain solid financial results in the second quarter of 2025.
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Frontera Energy and CGX Energy challenge the validity of Corentyne block withdrawal
The dispute over the Corentyne block licence pits Frontera Energy and CGX Energy against the Guyanese government, amid major contractual and offshore investment stakes in the oil sector.
BW Energy secures the Deepsea Mira rig for drilling the Kudu well in Namibia
BW Energy and NAMCOR E&P announce the engagement of the Deepsea Mira rig for drilling the Kharas appraisal well on the Kudu field, offshore Namibia, with a campaign scheduled for the second half of 2025.

SEGULA Technologies accelerates its growth in Africa with a new office in South Africa

SEGULA Technologies opens an office in Cape Town, strengthening its presence in the African market and targeting expansion in energy, rail, and automotive sectors, in partnership with South African industrial firm AllWeld.
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Gutami Holding signs 150 MW solar deal with storage in Burkina Faso
Dutch firm Gutami Holding has signed a 25-year agreement with Burkina Faso and national utility SONABEL for a 150 MW solar project with 50 MW storage, valued at over €100mn ($109mn).
Chevron completes $60bn acquisition of Hess after favourable arbitration
Chevron finalised the acquisition of Hess for nearly $60bn, after winning an arbitration case against ExxonMobil over pre-emption rights in Guyana.

VAALCO focuses on Baobab field in Ivory Coast, despite limited production

VAALCO Energy continues to operate the Baobab field by renovating its floating platform, despite modest production. This strategy aims to maintain stable profitability at low cost.
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Côte d’Ivoire and Eni strengthen their energy partnership with the Baleine project
Côte d'Ivoire and the Italian group Eni assess progress on the Baleine energy project, whose third phase plans a daily production of 150,000 barrels of oil and 200 million cubic feet of gas for the Ivorian domestic market.
Sierra Leone launches extensive offshore oil exploration with 60 potential blocks
Sierra Leone relaunches an ambitious offshore exploration campaign, using a 3D seismic survey to evaluate up to 60 potential oil blocks before opening a new licensing round as early as next October.

NamPower launches $90.3mn solar power plant to secure Namibian energy

Namibia begins construction of its largest solar plant, Sores|Gaib, aiming to reduce dependence on energy imports by leveraging its solar potential, considered among the highest globally according to the World Bank.
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Octopus Energy launches $60 million fund for African energy
Octopus Energy Generation announces an initial $60 million fund dedicated to financing energy infrastructure projects in Sub-Saharan Africa, aiming to raise $250 million over three years, in partnership with Pembani Remgro Infrastructure Managers.
ExxonMobil tops upstream explorer ranking according to Wood Mackenzie
ExxonMobil has been named the most admired upstream exploration company in Wood Mackenzie’s latest annual survey, recognised for its performance in Guyana and its ability to open new resource frontiers.
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Renaissance Dam could generate $1bn annual revenues for Ethiopia
ScottishPower halts green hydrogen projects despite public funding
Colombia: Petro blocks coal to Israel in a political showdown
Egypt commits $343mn to new gas drilling to support supply
Political crisis in France: energy roadmap threatened by new delay
Voltalia and Entech to build 90 MWh solar power plant with storage in Senegal
AXIAN Energy has entrusted Voltalia and Entech with the development of a 60 MW solar plant combined with 90 MWh storage in the Kolda region, scheduled to be operational by 2026.
ReconAfrica signs exploration deal for 5.2 mn oil acres in Angola
Reconnaissance Energy Africa has signed a memorandum of understanding with ANPG to explore 5.2 mn onshore acres in Angola, expanding its operations into the Damara Fold Belt and Rift Basin.

bp successfully loads first LNG cargo from Greater Tortue Ahmeyim project

bp has safely loaded the first liquefied natural gas (LNG) cargo from the Greater Tortue Ahmeyim (GTA) Phase 1 project, marking Mauritania and Senegal’s entry into the global LNG export market.
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ReconAfrica targets 365 million barrels in its largest drilling campaign in Namibia
Reconnaissance Energy Africa Ltd. continues preparations at Prospect I, located in licence PEL73 in Namibia, aiming for 365 million barrels of unrisked oil resources.
Venezuela places its army on alert amid tensions with ExxonMobil in Guyana
The Venezuelan army says it will respond forcefully to any threat following allegations of a plot targeting ExxonMobil's infrastructure in contested waters off Guyana.

Petrobras builds wildlife centre to secure drilling permit in Brazil

Petrobras has completed a veterinary facility in the Amazon to meet a regulatory requirement for drilling in the strategic Foz do Amazonas region.
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Washington warns Caracas over any attack on Guyana and vows retaliation
The United States has strengthened its support for Guyana amid Venezuela’s claims over the Essequibo, warning Caracas of a military response in case of aggression targeting the territory or American oil interests.
CNOOC Limited posts 11.4% rise in net profit for 2024
Chinese oil group CNOOC Limited reported higher net profit for 2024, driven by growing reserves, record production and strict cost discipline.

Rubio warns Venezuela of U.S. retaliation in the event of aggression against Guyana

During a visit to Guyana, U.S. Secretary of State Marco Rubio announced that any Venezuelan attack on the territory or oil infrastructure of Guyana would trigger a military response, heightening regional tensions.
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Rubio tours the Caribbean to counter Venezuela’s energy influence
US Secretary of State Marco Rubio launches meetings with Caribbean leaders to discuss energy security, trade pressures and regional instability, including in Haiti and Guyana.
Drydocks World secures contract to upgrade Baobab MV10 offshore platform
Drydocks World has secured a contract to extend the operational life of the Baobab MV10 offshore platform in Côte d’Ivoire by 15 years through refurbishment and upgrade works.

Eni sells stakes in Africa to Vitol for $1.65 billion

Eni has entered into an agreement to sell stakes in assets in Côte d'Ivoire and the Republic of Congo to Vitol for $1.65 billion, as part of its portfolio rebalancing strategy.
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BP announces the end of a gas leak at the Grand Tortue Ahmeyim site
BP has confirmed the cessation of a gas leak at the offshore Grand Tortue Ahmeyim field, located between Senegal and Mauritania. The incident, identified on 19 February at one of the site’s wells, required technical interventions to restore the integrity of the installations.
Africa, global leader in natural gas demand growth by 2050, according to GECF
Africa will experience the fastest growth in natural gas demand by 2050, driven by urbanisation and the need to address the energy deficit, according to the Gas Exporting Countries Forum (GECF) in its report of March 10, 2025.

Guyana calls for a peaceful resolution to the oil dispute with Venezuela

Guyana’s President, Mohamed Irfaan Ali, reaffirmed his commitment to a diplomatic resolution of the territorial dispute with Venezuela over the Essequibo region as tensions escalate over offshore oil resources.
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Gas leak at GTA field: BP undertakes urgent repairs
BP has confirmed a gas leak at a well in the Grand Tortue Ahmeyim (GTA) project, located off the coasts of Senegal and Mauritania. The British operator states that repairs are underway and that the environmental impact remains limited.
Gas leak detected at GTA site off the coast of Senegal and Mauritania, repairs underway
A gas leak has been identified at the Grand Tortue Ahmeyim (GTA) site, which has been operational since late December, off the coasts of Senegal and Mauritania. BP states that the situation is under control and poses no risk to the environment or workers.

Vaalco Energy secures $300 million revolving credit facility

Vaalco Energy, Inc. has announced the signing of a new $300 million revolving credit facility with The Standard Bank of South Africa Limited, aimed at supporting its growth projects and investments across its African assets.
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VAALCO strengthens its presence in Africa with the acquisition of the CI-705 block in Côte d’Ivoire and increased production in Gabon
VAALCO continues its expansion in West Africa with the acquisition of a 70% stake in the offshore CI-705 block in Côte d'Ivoire and an ambitious plan to double its crude production in Gabon by 2026.
Guyana protests Venezuelan military ship incursion into disputed oil zone
Guyana has expressed its protest following the incursion of a Venezuelan military ship into its waters near an oil block. The incident occurs amidst ongoing territorial tensions between the two nations.
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