SAO TOME & PRRINCPLE: Falcao-1X probe Fails to Find Commercial Hydrocarbons

São Tomé and Príncipe’s offshore hydrocarbon ambitions have faced a setback following an announcement by Shell confirming that the Falcão-1X exploration well did not encounter commercially viable hydrocarbons. The well, … Read More

OPINION: Africa’s Upstream Future: Momentum Builds, but Investment Discipline Remains a Hurdle

By NJ Ayuk, Executive Chairman, African Energy Chamber Two breakthrough offshore discoveries in Namibia in 2022 — one by Shell and one by TotalEnergies — marked an important milestone for … Read More

NIGERIA: Shell Completes sale of SPDC to focus its portfolio on Deepwater & Integrated Gas Positions

Shell has completed the sale of The Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance, as announced 16 January 2024 The divestment of SPDC aligns with Shell’s intent to simplify … Read More

Nigeria: Ogale and Bille Residents take Shell to UK High court following 10-year fight for Justice

Ten years ago, residents from the Bille and Ogale communities in Nigeria claimed their livelihoods had been destroyed and homes damaged by hundreds of oil spills caused by Shell. The … Read More

NAMIBIA: Sintana Energy Completes Acquisition of Interest in Giraffe Energy

Sintana Energy has announced that it has closed its previously announced acquisition of an initial 49% interest in Giraffe Energy Investments (Pty) Ltd., pursuant to a definitive agreement dated effective … Read More

Africa and Latin America set to lead high-impact well drilling in 2024, eyeing rebound after poor 2023

The upstream industry hopes 2024 can be a bounce-back year for high-impact oil and gas drilling after a lackluster 2023, with Africa and Latin America likely to spearhead activities. Rystad … Read More