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Eni has invested in Ghana Blocks in line with IILX strategy.

Exploration

With Ghana strategically positioning itself to maximise offshore resource extraction, Tano Basin off the coast of West Africa remains its biggest asset, drawing substantial foreign direct investment prospects

The prolific petroleum province houses vast deepwater discoveries holding sustainable economic growth potential to last generations. This is why in line with national regulatory standards, the Government of Ghana is actively collaborating with international energy majors to sustain long-term oil production, boost domestic gas supplies, and optimise existing marine infrastructure. 

Finalisation of key memoranda of understanding

The Government of Ghana has finalised two memoranda of understanding (MoU) with Eni Ghana and Vitol Upstream Tano Ltd on offshore Blocks GH WB 3 and GH WB 8 in the Tano Basin. 

On behalf of the Government, the Minister for Energy and Green Transition of the Republic of Ghana, John Jinapor, signed the MoU's in the presence of executives from the Ghana National Petroleum Corporation.

Exploration strategy and deepwater scope

Eni has invested in these Blocks in line with its near-field and infrastructure-led exploration (ILX) strategy to extract maximum potential by means of infrastructure repurposing or utilising prospects from existing ones.

While the two Blocks span across an area of approximately 2,100 sq km in water depths ranging from 750-2,800 m, Eni will be aiming output that will add to these Blocks' potential by connecting them to established producing areas.

Eni's commitment to Ghana's upstream framework

These MoUs are follow-ups on the Memorandum of Intent that was signed last year, sealing the major's long-term commitment to Ghana’s upstream petroleum sector. The major will be operating in the region, not only in terms of business intent but also with an aim to contribute to uplifting Ghana's petroleum resources in accordance with the country's legal and regulatory framework.

Eni's presence in Ghana dates back to 2009, with offshore hydrocarbon exploration and production activities now generating 40,000 barrels of oil equivalent per day. The company is the operator of the OCTP project with a 44.4% share in partnership with Vitol (35.6) and GNPC (20%). The joint venture’s portfolio of projects also includes initiatives in the areas of training, economic diversification, access to water and sanitation and access to energy. 

 

MegaSurveys are 3D seismic datasets synchronised across large contiguous areas. (Image source: TGS)

Geology & Geophysics

Energy data and intelligence provider, TGS, has signed an agreement with the Ministry of Hydrocarbon and Mining Development of the Republic of Equatorial Guinea to create MegaSurvey, a large-scale multi-client seismic product for offshore exploration

Beginning with the post-stack reprocessing of approximately 27,273 kilometers of 2D seismic data and around 35,000 square kilometers of 3D seismic data, the project is set to be completed in Q3 2026.

3D seismic datasets synchronised across large contiguous areas, MegaSurvey eliminates uncertainty by enabling nearly accurate geological interpretation, with clarity in structural and stratigraphic frameworks.

The agreement marks the first phase of a broader plan to create a harmonized and seamless seismic data product across Equatorial Guinea’s offshore basins. The full product vision includes approximately 46,343 line kilometers of 2D seismic data and more than 59,000 square kilometers of 3D seismic data.

David Hajovsky, Executive Vice President, Multi-Client at TGS, commented: “The Equatorial Guinea MegaSurvey is the first of its kind in the country and will apply TGS’s latest imaging technology to address key subsurface challenges and support exploration risk reduction across the Rio del Rey and Rio Muni basins. The product is designed to provide customers with a basin-wide regional screening tool, supporting prospect identification, prospect ranking and planning for future work commitments.”

By integrating and reprocessing legacy datasets into a consistent regional framework, the MegaSurvey will provide new insight into the prospectivity of Equatorial Guinea’s offshore basins and support informed exploration decision-making.

PipeSense deployed PipeScan, a pressure-pulse technology, to locate obstructions in two offshore pipeline networks. (Image Source: PipeSense)

Technology

PipeSense, a pipeline leak detection specialist, has expanded its capabilities to support offshore operations, following a successful project off the coast of Angola

Working with a multinational operator, PipeSense deployed PipeScan, a pressure-pulse technology, to locate obstructions in two offshore pipeline networks. PipeSense’s team of experienced operators, engineers, and data scientists monitored a 20-inch natural gas pipeline and a 16-inch offshore crude and multiphase pipeline that was flooded with seawater.

With the natural gas pipeline, the company completed repeated pressure pulse testing to identify an obstruction approximately 11km downstream. For the second project, PipeSense installed instruments on both ends of the offshore crude and multiphase pipeline. Controlled pressure releases generated repeatable reflection signatures that identified the obstruction within approximately 700m of the launcher.

The projects highlighted how induced pressure pulse testing, high-speed pressure acquisition, and dynamic pressure wave reflection analysis can accurately determine obstruction location in offshore environments, all without interrupting normal pipeline operations or requiring specialised tools.

Josh Holmes, PipeSense’s VP of Business Development, said, “This project is a clear and concise demonstration that our approach to obstruction locating can provide a practical addition to the pipeline integrity toolkit for locating stuck pigs, hydrate plugs, debris, and other flow restrictions across a wide range of offshore pipeline applications.    

Offshore and subsea pipeline operators undertake highly complex work every day to safely operate, maintain, and protect critical infrastructure in some of the world’s most challenging environments. This requires a continued focus on asset integrity, operational reliability, and the ability to identify and respond to changing pipeline conditions with confidence.  

Our goal is to support operators in that mission by providing advanced technologies that deliver greater visibility into pipeline performance and help teams make faster, more informed decisions. Having demonstrated our capabilities across a range of onshore applications and complex flow conditions, we are excited to bring that experience into offshore and subsea environments. This project in Angola represents an important first step in what we believe will be a strong and exciting future supporting offshore operators around the world.” 

Reservoir properties were above pre-drill estimates.

Gas

Following drilling, Vaalco Energy Inc has announced well results on the ETBNM-3 well and has mobilised the rig to a new slot on the SEENT platform to commence drilling operations on the ETSEM-3PH pilot hole and development well

The ETBNM-3 gas-supply well in the crestal portion of the North Tchibala structure from the Dentale D-15 reservoir is now placed for production. Reservoir properties were above pre-drill estimates, with strong porosity and permeability coupled with over 10 meters of net reservoir pay. The well will generate enough gas to cover field operations, liftings and power needs, replacing heavy dependency on high priced diesel. 

The company is still evaluating the potential of the shallower pay intervals encountered in the D-9 and D-12 intervals, and has reported findings that indicate the presence of wet gas to light oil pay.

The ETSEM-3PH, on the other hand, has been planned as a pilot hole and subsequent horizontal Gamba producer near the crest of the central fault block of SE Etame. The pilot well will help to test the original field Oil Water Contact and potential of the underlying Dentale formation.

Following the pilot well, a horizontal development well is planned with a completion length of 300 meters within the Gamba sands.

George Maxwell, Vaalco’s Chief Executive Officer, said, “We continue to execute operationally across our diversified portfolio of assets. In Gabon, the newly successful gas well won’t add production or sales directly but will reduce costs associated with using higher priced diesel; this should improve field uptime and potentially add production uplift to existing wells over time. Our strategy remains unchanged with an ongoing focus on growing production, reserves and value for our shareholders.”

The consistent market launches come from optimised production.

Downstream

In line with Nigeria's strategy to expand reach in export market, the Nigerian National Petroleum Company Limited has globally released its new crude grade – Cawthorne 

With an API gravity of 36.4 that denotes the light and sweet kind, the Cawthorne crude rules global market demand because of its unmatched petrol and diesel yields. Comparable to Bonny Light, Cawthorne crude blend is the latest from Nigeria’s basket of crude grades, building on recent additions such as Nembe and Utapate. 

The consistent market launches come from optimised production, helping Nigeria to solidify its base in the export market with diverse offerings. The Cawthorne Floating Storage and Offloading (FSO) vessel, which is strategically positioned offshore Bonny, Rivers State for enhanced energy security and operational efficiency in easy crude evacuation from OML18, comprised the maiden 950,000 barrels cargo for export. Loaded on an MT Eburones vessel, it headed to the Netherlands, and unto the global market. 

As Nigeria aims to attain crude production of three million barrels per day and gas output to 12 billion cubic feet per day by 2030, the international launch of Cawthorne will unlock value from its asset base and deepen market competitiveness.

“This milestone reflects the direction we have set for NNPC Limited—one anchored on execution, partnership, and value creation. We are moving decisively from resource potential to resource monetisation, ensuring that every asset delivers measurable commercial outcomes.

"The successful export of the Cawthorne crude grade is not an isolated achievement; it is part of a broader, deliberate strategy to grow production, deepen market relevance, and strengthen Nigeria’s position as a reliable global energy supplier. We remain firmly focused on delivering sustainable growth in line with national objectives and global market expectations,” said Bashir Bayo Ojulari, Group Chief Executive Officer of NNPC Ltd, as he acknowledged President Bola Ahmed Tinubu’s leadership and OML 18 partners' strong collaboration in achieving the milestone. 

Technological innovation, strategic partnerships, and operational discipline will remain central to NNPC Limited's vision as the organisation works towards value creation from Nigeria's vast hydrocarbons resources.

 

 

Lucia Witbooi, Vice President of the Republic of Namibia at NOGC 2026. (Image source: NOGC)

Event News

Local content in Namibia was first considered at a policy level in 2021, until back to back Orange Basin discoveries the year after pushed the Cabinet to formally sanction the structured development of a comprehensive framework

Thanks to high-profile discoveries like Shell's Graff-1 and TotalEnergies' Venus-1X fields, the sudden inflow of substantial foreign capital required channelising in a way that keeps benefiting Namibian locals across generations; this was addressed in the new framework. Following years of nation-wide consultations at both ministerial and industrial levels, the Cabinet has now approved the National Upstream Petroleum Local Content Policy. This will ensure legal security for local participation across the upstream petroleum value chain.

Namibia Oil and Gas Conference and Exhibition

Local content set the tone for the recently held Namibia Oil and Gas Conference and Exhibition (NOGC) in Windhoek, and factors that drove the sessions and conversations included: 

  • Capitalisation of petroleum opportunity

  • Generation of long-term national value

  • Advancing investments and businesses

  • Skills and jobs creation

“Discovery is not the destination. A resource beneath our waters becomes a national success only when it is responsibly developed and translated into tangible improvements in the lives of our people. It must become employment for Namibians, opportunities for our enterprises, skills for our young people, technology for our institutions, infrastructure for our economy, revenues for national development, and savings for future generations. This is why the theme of this conference is particularly appropriate,” said Lucia Witbooi, Vice President of the Republic of Namibia.

From Decision to Dividend: Making Namibia’s Oil Work for Namibians was the theme for the three-day conference hosted by the Economic Association of Namibia (EAN) in partnership with the Hanns Seidel Foundation (HSF) and the Namibia Investment Promotion and Development Board (NIPDB), with strategic partners the National Petroleum Corporation of Namibia (NAMCOR) and SNC Incorporated. The conference was officially endorsed by the Ministry of Industries, Mines and Energy.

“Our strategic plan for 2026 to 2030 carries one organising idea, which is to move this country from exploration to readiness, so that Namibia is ready onshore when production begins offshore. Namibia expects Namibian employment to be maximised, Namibian suppliers prioritised, skills and technology transferred, and meaningful Namibian participation, ownership and financing across the value chain.

"Fiscal certainty is a stable and transparent framework for petroleum revenues. Namibia does not move the goalposts. To our international partners: local content, properly done, is not a tax on your investment. An industry surrounded by capable Namibian suppliers, skilled Namibian workers and invested Namibian communities is an industry with social licence, political stability and a future measured in generations. That is what the policy builds, and my ministry will implement it with you, not against you. I am happy to state that our local banks have informed me that they are ready to receive bankable proposals from the oil and gas sector for their consideration,” said Modestus Amutse, the Minister of Industries, Mines and Energy. 

From exploration to development

Namibia is currently transitioning from exploration towards development, and local content remains the core of this journey. The administration is increasingly focusing on:

  • Enterprise participation

  • Skills exchange and development

  • Infrastructure building

  • Financing and investment

“Oil is not the point; oil is actually the how. Our people are the why,” said Jason Kasuto, chairperson of the Economic Association of Namibia and managing director of Monasa Advisory & Associates. 

The event saw Namibian business persons and policymakers strategising on ways to advance local participation at the Local Content Masterclass segment. There was also the NIPDB Local Content Pitching Session, where entrepreneurs pitched concepts and sought partnership opportunities with industry leaders and investors. Supplier workshops educated domestic businesses on international industry standards as the means to expand influence.