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Global shale oil and gas production is set to increase. (Image source: Adobe Stock)

Exploration

Global shale oil and gas production is set to increase, with Algeria among those countries looking to exploit its shale gas reserves

According to a recent report from leading data and analytics company titled Global Data titled  “Emerging Oil and Gas Shale Plays", notable increases in production are expected over the next few years, including the USA, the current leading producer. These are driven by technological advancements and significant discoveries in countries such as China, Argentina, and Saudi Arabia. GlobalData’s Strategic Intelligence report, “Emerging Oil and Gas Shale Plays,” reveals that the US was the undisputed leader in global shale oil and gas production with over 80% share in 2024, thanks to its vast reserves, advanced extraction technologies, and supportive regulatory environment.

Ravindra Puranik, Oil and Gas Analyst at GlobalData, commented, “The combination of hydraulic fracturing and horizontal drilling has unlocked unprecedented volumes of shale resources, particularly in formations like the Permian Basin, the Eagle Ford, and the Marcellus Shale. The growth of the shale industry has bolstered the US energy independence, reducing reliance on foreign oil and altering the country's geopolitical strategy.”

Canada holds the second-largest recoverable reserves of shale oil and gas after the USA. It is also ranked second in production due to the technological similarities with its neighbour and government encouragement for unconventional hydrocarbon development.

Argentina is another emerging hotspot for shale oil and gas, particularly the Vaca Muerta formation, which is characterised by strategic asset management by YPF, significant infrastructure investment, and robust growth in production and exports.

Recently, China has made significant progress in shale oil exploration, which could enhance its energy security and reduce dependency on foreign oil supplies, while Saudi Arabia is exploring gas shales within its northern and eastern regions, targeting a 60% rise in its gas output from 2021 to 2030.

Algeria, which has significant proven shale gas reserves, is reported to be negotiating with the USA’s ExxonMobil and Chevron, global leaders in shale production, on an agreement that would allow them to explore and develop Algeria's natural gas reserves, including its shale gas reserves. Algeria is seeking to revive its flagging oil and gas sector, on which its economy is heavily dependent, and boost gas exports, with an eye on Europe as it seeks alternative suppliers to Russian pipeline gas.

Puranik said, “The future of shale oil and gas will be shaped by a delicate balance between technological innovation, cost efficiency, and environmental stewardship. Countries that can align production growth with carbon management and energy transition goals will not only secure domestic energy resilience but also strengthen their position in an increasingly competitive and sustainability-driven global market.”

DUG Elastic MP-FWI Imaging is a unique approach to seismic processing and imaging. (Image source: DUG)

Geology & Geophysics

DUG has released the latest results from its elastic multi-parameter full waveform inversion (MP-FWI) imaging technology which it launched in 2022, since when more than 70 successful projects have been completed worldwide

DUG Elastic MP-FWI Imaging is a unique approach to seismic processing and imaging which is not only a complete replacement for the traditional processing and imaging workflows, it also replaces the subsequent inversion workflow for elastic rock properties.

With the traditional processing workflow, projects can take many months to years to complete. It involves the testing and application of dozens of steps such as deghosting, designature, demultiple and regularisation, all designed to overcome the limitations of conventional imaging. These workflows are complex, subjective, and very time-consuming and they rely on many assumptions and simplifications. All of these issues impact the output data quality. The resulting, primary-only data then undergoes a similarly complex model-building workflow to derive an estimate of the subsurface velocity, which is used for depth imaging. Post-migration processing is performed before the pre-stack reflectivity undergoes another workflow to derive rock properties that feed into interpretation, also relying on simplifications of the actual physics.

As well as three-component reflectivity and velocity, DUG Elastic MP-FWI Imaging enables the estimation of fundamental rock properties like P-impedance, density and Vp/Vs from field data, without the need for a secondary amplitude variation with angle (AVA) inversion step. DUG Elastic MP-FWI Imaging simultaneously resolves not only subsurface structural features but also quantitative rock property information while avoiding the need for extensive data pre-processing and (post-imaging) AVA-inversion workflows.

“Elastic MP-FWI Imaging accounts for both compressional and shear waves, handling variations in seismic wave dynamics as a function of incidence angle, including in the presence of high impedance contrasts and onshore near-surface geological complexity,” said Tom Rayment, DUG chief geophysicist. “Multiples and converted waves are now treated as valuable additional signal, increasing sampling, resolution and constraining the inverted parameters.”

DUG managing director, Dr Matthew Lamont, added, “We have invested over a decade of R&D to realise this opportunity. Our new Elastic MP-FWI Imaging technology is the product of a multi-year, significant and ongoing R&D effort, which has seen the continuous integration of complete-physics FWI imaging including viscoelasticity, anisotropy and multi-parameter updates. When using the full wavefield for simultaneous velocity model building, rock property inversion and true-amplitude imaging, a multi-parameter solution is a necessity.”

“The fact that DUG MP-FWI Imaging is delivering material imaging uplifts using field-data input is very powerful, but to couple this with high-resolution elastic rock property outputs for quantitative interpretation is even more exciting, providing immediate opportunities for new surveys and maximising the value of legacy datasets,” said Martin Stupel, geophysical manager, Geophysical Pursuit Inc.

Operators can rely on SK Well Pages.

Technology

Oilfield intelligence sees a new upgrade as Halliburton Company has announced the next generation Summit Knowledge digital ecosystem

SK Well Pages features an all-in-one electric submersible pump (ESP) workspace, which operators can rely on to meet production optimisation goals.

The offering draws on deep ESP experience and advanced data science techniques to advance data visibility with customisable and intuitive dashboards for proactive monitoring of real-time pump performance, surface sensors, and production data. The SK digital ecosystem integrates and powers advanced tools such as SpyGlass pump sizing software and the Intelevate® platform for remote monitoring and control. Predictive models, intelligent alerts, and trend analyses help minimize downtime and increase production.

"We provide customers with advanced digital tools that give them clarity and control to make confident decisions. The Summit Knowledge digital ecosystem with SK Well Pages is a powerful step forward in the journey of how we deliver digital innovation for superior ESP optimisation," said Greg Schneider, vice president, artificial lift, Halliburton

 

 

The operations will include perforating and testing.

Gas

Predator Oil & Gas Holdings Plc, which has assets in Morocco, has commenced the rigless testing operations at the MOU-3 well at Guercif

Planned over a period of 10 days, the operations will include perforating and testing of the shallow 'A' Sand.

Predator's assets in Morocco boasts of highly prospective onshore gas exposure and production. The asset holds unique value for the company in terms of CNG development, as it unlocks easy access to shallow biogenic gas

Moroccan gas prices lead in a competitive market, with one of the most attractive fiscal terms in the world.

Predator has an experienced management team with particular knowledge of the Moroccan sub- surface and operations.

 

 

The new 750-meter quay will double the terminal’s capacity. (Image source: Adobe Stock)

Downstream

As part of production optimisation strategy, the Republic of Congo is advancing investments on infrastructure development

With aims to expand the container terminal at the Port of Pointe Noire, a €230mn in financing has been generated to onboard freight forwarding service Africa Global Logistics (AGL) for the project.

The new 750-meter quay – scheduled for completion by 2027 – will double the terminal’s capacity to 2.3 million containers annually and support the country’s growing oil and LNG exports.
The Pointe Noire project is being executed by AGL’s subsidiary Congo Terminal in collaboration with engineering firm China Road and Bridge Corporation. Backed by both international and Congolese banks, the €400mn platform will include 26 hectares of quayside, a dredged 17-meter-deep basin, and the installation of 16 gantries. It forms a key part of Congo’s strategy to boost hydrocarbon production to 500,000 barrels of oil per day and LNG output to 3 million tons per annum within five years.

In Angola, AGL also launched operations at its Lobito Terminal in March last year. The terminal – Angola’s second-largest port hub – handles over one million tons of bulk cargo and more than 100,000 20-ft equivalent unit containers annually, with 730 employees operating deepwater berths and modern equipment. The project comes at a pivotal time for Angola, which is preparing to bring several major energy developments online between 2025 and 2028. These include the Cabinda Oil Refinery in 2025, the Agogo Integrated West Hub development in late-2025, the Quiluma and Maboqueiro gas fields in 2026 and the Kaminho Deepwater Development in 2028.

Meanwhile, in Ivory Coast, AGL is playing a vital role in Phase 2 of the Baleine offshore development - West Africa’s first net-zero emissions project. In partnership with engineering firm Saipem, AGL began manufacturing critical subsea structures for the Baleine field in April 2024 at its Carena shipyard in Abidjan. The works include anchoring systems and underwater fixtures totaling over 200 tons, to be deployed in ultra-deep waters. AGL has mobilized 100 skilled local workers – including certified welders, painters and crane operators – reinforcing its commitment to local content, capacity building and sustainable energy infrastructure in Ivory Coast’s rapidly growing oil and gas sector.

AGL’s recent activities in Africa align with its broader vision to support the continent’s energy infrastructure. In addition to the Republic of Congo, Angola and Ivory Coast, the company is currently modernising the Walvis Bay terminal in Namibia while playing a key role in major energy logistics across Mauritania, Senegal and Mozambique. 

 

AOW:Energy 2025 will serve as a platform to spotlight Ghana’s strategic assets. (Image source: Adobe Stock)

Event News

Ghana is set to host the 31st edition of AOW:Energy, the flagship event for Africa’s oil, gas, and energy sector, from 15th to 18th September 2025 in Accra, under the auspices of the Ministry of Energy and Green Transition and the Petroleum Commission

It is the first time in over three decades that the event will be held outside Cape Town, South Africa. As regulator of Ghana’s upstream petroleum industry, with a strategic vision of positioning Ghana as a competitive upstream petroleum hub, the Commission views the AOW: Investing in African Energy as a notable opportunity to further raise awareness of the country’s hydrocarbon potential on the global stage.

“We have an opportunity to present a dedicated national showcase, where His Excellency President H.E John Dramani Mahama will outline his vision for positioning the country as one of the most attractive upstream destinations with good geological prospects, through a progressive fiscal regime, regulations, investor-friendly incentives, and forward-thinking energy policies,” noted Emeafa Hardcastle, Ag. CEO of the Petroleum Commission. “AOW:Energy 2025 will serve as a platform to spotlight Ghana’s strategic assets, engage with global investors, build critical partnerships and offer regulators across the continent an opportunity to present emerging regulatory reforms that will shape the continent’s energy future.”

Paul Sinclair, CEO of AOW:Energy, expressed enthusiasm for the momentum building around the event, noting a record level of government and private sector participation. “We are excited about the strong support from the Ghana government in welcoming ministers, national oil companies, regulators and global investors to AOW:Energy 2025. Africa is quickly becoming a top destination for energy investment, and 2025 will be a year for the continent’s upstream sector. Ghana, I believe is ready to take the spotlight when AOW:Energy comes to Accra,” he said.

As AOW:Energy evolves, it continues to consolidate its founding mission of bringing together a powerful network of governments, national oil companies, regulators, energy agencies, and private sector players.

The 2025 edition is expected to open new doors to investment, innovation, and collaboration, providing direct access to emerging opportunities across Africa’s energy landscape.