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Nigeria Agip Exploration Limited-subsidiary Eni has acquired an additional 2.5% stake in the OML 118 production sharing contract that contains the Bonga field

The oil major has exercised its pre-emption right to make this acquisition. NAE holds non-operating interests in the OML118. 

Following the transaction, which has received all necessary regulatory approvals, NAE's share in OML 118 PSC increased from 12.5% to 15%. This acquisition is fully aligned with Eni’s strategy to optimise its upstream portfolio and further strengthens the company’s commitment to deepwater projects in the country.

The divestment is now completed as the transaction has been made for an aggregated amount of US$510mn.

Eni has been present in Nigeria since 1962, with an average equity production of 50 Kboed in 2025. 

Energy intelligence firm, TGS, has extended its agreement with the Ministry of Petroleum and Mineral Resources (MOPMR) to the continued rights to market and license geophysical data covering Somalia’s offshore basins

The agreement will support TGS' vision to aid the progress of underexplored regions with its comprehensive regional data library for the evaluation of significant exploration potential. The company assures operators of the reliability of its datasets in assessing investment opportunities across numerous available offshore blocks.

In Somalia, TGS is exclusively offering valuable insights into more than 46,000-line kms of modern 2D seismic data and beyond 50,000 kms of aeromagnetic data. The data reflecting the region's geological framework and prospectivity is backed by the company's cutting-edge acquisition technology and advanced imaging solutions.

“This extension further underscores our long-term commitment to the Federal Republic of Somalia and its offshore licensing programme,” said David Hajovsky, executive vice president multi-client at TGS. “With access to our exclusive, modern seismic and aeromagnetic library we are ready to support the Ministry of Petroleum & Mineral Resources as they open up one of the world’s last frontier hydrocarbon provinces.”

The three-well drilling campaign by Rex International Holding Limited in the Seme Field, Benin, goes on as the floating storage & offloading (FSO) unit has arrived and is at the anchorage

The mooring system is currently being installed and will be hooked up with a flowline to the mobile offshore production unit (MOPU). Before the MOPU arrives this month, the team is working on remedial actions to address certain technical issues that the campaign had been facing. While this may lead to some delays, production start-up is being targeted by December end.

Akrake Petroleum Benin SA holds a 76% interest in the Seme Field in Block 1, Benin, and is the operator. It is a wholly-owned subsidiary of Lime Petroleum Holding AS, an 89.74 per cent subsidiary of Rex. 

The campaign involves a 100-day three-well work-programme to redevelop the Seme Field. This will see the drilling of  two horizontal production wells in the H6 formation (previously developed), as well as a deeper vertical appraisal well to gather data from the H7 and H8 reservoirs, to facilitate the potential advancement to Phase 2 of the development.

The production start-up and optimisation in the Seme Field will be backed by additional data on the subsurface alongside the existing 3D seismic that has been reprocessed by the team. 

The New Gas Consortium's Gas Treatment Plant in Soyo, northern Angola, has been inaugurated by NGC operator, Azule Energy, a joint venture between Eni and bp

The inauguration was attended by the President of the Republic of Angola, João Gonçalves Lourenço, alongside the Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, and the Chairman of the Board of Angola’s National Oil and Gas Agency (ANPG), Paulino Jeronimo.

Initially led by Eni before the Azule Energy was formed, the NGC project is the country’s first non-associated gas development, with a processing capacity of approximately 400 mn standard cu/ft of gas per day (MMscfd) and 20,000 barrels of condensate per day. Gas is sourced from the offshore Quiluma and Maboqueiro fields, treated and then supplied to the Angola LNG plant for export and domestic consumption.

The plant will play a pivotal role in advancing Angola as a strategic player in the global natural gas market, while also supporting the country's energy diversification and responsible resource development, enabling growth in other key sectors such as fertiliser production for agriculture.

The gas treatment plant entered the commissioning phase with gas in November 2025, marking the beginning of operations for the NGC project. The project was delivered in a record 24-months, six months ahead of the sanctioned schedule.

The New Gas Consortium is operated by Azule Energy with 37.4% participation, in partnership with Cabinda Gulf Oil Company (CABGOC) with 31%, Sonangol E&P with 19.8%, TotalEnergies with 11.8%, and ANPG as the National Concessionaire.

With an aim to boost mutual partnership between the petroleum sector and international financial institutions, Karim Badawi, Minister of Petroleum and Mineral Resources, held a meeting with a delegation from the Africa Finance Corporation (AFC), including Sameh Shenouda, CEO and chief investment officer at the corporation, and Ato Giazi, senior director of product solutions

Salah Abdel Karim, CEO of the Egyptian General Petroleum Corporation (EGPC) was also present during the discourse.

The delegates explored financing opportunities for projects to advance local production, particularly in the field of oil refining, with the goal of reducing imports and bridging the gap between production and consumption of petroleum products, especially diesel.

The Minister reviewed the Ministry's strategic plan, which sets investment priorities in the areas of research, production, refining, petrochemicals, mining, and green energy. While past investments and production were reassessed, the teams evaluated plans to conduct an aerial survey of mineral deposits for the first time in 40 years, besides considering incentive packages to attract emerging mining companies.

Shenouda affirmed the Corporation’s aspiration to enhance cooperation with Egypt in the petroleum and mining sectors.

The meeting also reviewed new projects to increase local production in the refining sector, including the Suez cooking and diesel production complex project that is currently being implemented. 

Oil Review Africa catches up with Christopher Hudson, President of dmg events, ahead of ADIPEC 2025

Excerpts from an interview: 

Energy across Africa, as elsewhere in the world, is seeing major shifts and advancements. How does ADIPEC 2025 reflect this changing industry landscape and help meet the needs? 

Energy is one of the most dynamic and rapidly evolving sectors. According to the International Energy Agency (IEA), global energy demand rose by 2.2% last year, outpacing the average annual increase of 1.3% recorded over the last decade. At the same time, the global population is projected to reach 9.8 billion by 2050, with over 750 million people still lacking access to electricity, and more than 2.1 billion people remain without access to clean cooking. Rising urbanisation and living standards are reshaping energy demand, with air conditioning alone expected to be one of the largest contributors to electricity demand growth in the coming decades. This reveals the sector’s increasing need to not only produce more energy but to produce it in a way that is equitable and sustainable.

In this context, ADIPEC 2025 is being held under the theme of ‘Energy. Intelligence. Impact’. It reflects a simple but powerful truth: meeting the world’s growing need for secure, affordable and sustainable energy will depend on how intelligently we harness every resource – human, technological and natural – to deliver meaningful results for economies and communities alike.

At its core, the theme recognises that intelligence – both human and artificial – is transforming the way energy is produced, managed, and consumed. From AI-driven optimisation and digital integration to advances in hydrogen, LNG, and decarbonisation, intelligent innovation is reshaping the global energy landscape. ADIPEC serves as the meeting point for these forces, where ideas translate into action and impact can be measured in investment, policy, and progress.

AI is a major topic of discussion in the context of energy, due to its high demand. How is ADIPEC responding to the challenges and opportunities of the AI-energy nexus? 

Artificial intelligence is reshaping both global energy demand and the industry’s ability to respond. Data centres already consume around 1.5% of global electricity, and with AI workloads, that demand could more than double by 2030, rising from 415 TWh to 945 TWh. A single advanced AI model can require as much electricity to train as 100 households use in a year, while an AI query may consume 10 times more energy than a standard search.

This convergence is both a challenge and an opportunity. AI requires enormous energy, but it can also optimise grids, cut waste, improve operational efficiency, and accelerate decarbonisation. At ADIPEC 2025, we have expanded our AI Zone into five experiential areas showcasing how AI is transforming systems, people, and infrastructure. Alongside this, more than 80 conference sessions are dedicated to the AI–energy nexus, from predictive analytics to governance frameworks.

For Africa, this is particularly significant. Many countries are rapidly digitalising while also expanding power systems. The ability of AI to enhance reliability and reduce costs could be transformative for energy access and economic growth.

How is the diversity of the African continent and its vast energy sector reflected across ADIPEC 2025’s programme? 

Africa is a core part of ADIPEC’s community. This year, we are proud to welcome a strong delegation of African ministers and leaders, including those from Nigeria, Kenya, Uganda, Sierra Leone, Zimbabwe, Gambia, Equatorial Guinea, and Egypt. Their participation enriches ADIPEC’s Strategic Conference and exhibitions, ensuring Africa’s perspectives are reflected in discussions on natural gas, hydrogen, downstream, and low-carbon solutions.

dmg events is also the largest organiser of energy and infrastructure events across Africa, with long-standing operations in Nigeria, Mozambique, Kenya, Ethiopia, Ghana, Tanzania, South Africa, Egypt and Morocco. This presence gives us a unique vantage point to bridge African priorities with global dialogue.

Africa holds some of the world’s largest reserves of natural gas, oil, and minerals, as well as enormous potential in renewables. ADIPEC is committed to supporting this potential by convening African voices alongside global leaders, unlocking partnerships that can expand access, accelerate industrialisation, and strengthen Africa’s contribution to global energy progress.

Some of ADIPEC 2025’s notable African speakers include: Honourable J. Opiyo Wandayi, Cabinet Secretary for Energy and Petroleum, Kenya; Honourable Sen. Dr. Heineken Lokpobiri, Minister for State (Oil), Petroleum Resources, Nigeria; Rt. Honourable Ekperikpe Ekpo, Minister for State (Gas) Petroleum Resources, Nigeria; Honourable Chief Adebayo Adelabu, Minister of Power, Nigeria; Honourable Julius D. Mattai, Minister of Mines and Mineral Resources, Republic of Sierra Leone; Honourable Ruth Nankabirwa Ssentamu, Minister of Energy and Mineral Development, Uganda; His Excellency Karim Badawi, Minister of Petroleum and Mineral Resources, Arab Republic of Egypt; His Excellency Antonio Oburu Ondo, Minister of Mines and Hydrocarbons, Equatorial Guinea, Honorable Julius D. Mattai, Minister of Mines and Mineral Resources, Republic of Sierra Leonne; Honourable July Moyo, Minister of Energy and Power Development, Zimbabwe; His Excellency Nani Juwara, Minister of Petroleum and Energy, Gambia; Honourable Cheikh Niane, Deputy Minister of Petroleum and Energy, Senegal, and Mathias Katamba, board chairman, Uganda National Oil Company.