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Egypt's Ministry of Petroleum and Mineral Resources has entered into a new oil and natural gas exploration agreement with British company Terra Petroleum 

The partnership signifies the region's exploration expansion and production optimisation ambitions as Terra Petroleum steps into the region for the first time.

The contract gives Terra Petroleum access to the Northwest Maghra concession of the Western Desert to drill three wells, leading up to initial investments of approximately US$6.5mn. Additionally, the contract also leaves scope for two-dimensional and three-dimensional seismic surveys at the concession area.

Speaking of the deal, Minister of Petroleum Karim Badawi said that the agreement stands testament to the growing interests of international companies towards the region and their willingness for investment. As it builds trust in the Egyptian petroleum sector's investment climate, the Ministry is actively addressing policies and developments to support an encouraging work environment for global investors, and accelerate oil exploration and production rates.

Players in Egypt has been experiencing big developments in the exploration and production front with Dana Petroleum being the latest example. It has recently made a significant gas discovery following the drilling of the North El-Basant 1 exploratory well in Egypt’s onshore Nile Delta. 

Richard Hall, CEO, Dana Gas, said, “The latest drilling success reinforces the value of our investment programme in Egypt and highlights the significant remaining potential within the Nile Delta. The North El Basant-6 result builds on the momentum of our earlier wells and supports our efforts to increase domestic gas supply and reserves. By increasing local gas production, the programme will help reduce Egypt’s reliance on imported LNG and fuel oil and is expected to generate more than one billion dollars in savings for the national economy over time."

Shearwater Geoservices has partnered with Harvex Geosolutions and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to begin fresh multi-client seismic project offshore Nigeria

Supported by strong industry funding, the 3D survey is set to start in December 2025. Shearwater is gearing up to deploy its high-end vessel SW Duchess for the project, whereby it will be operational over a period of two months. It will heavily support survey work for extracting high-resolution subsurface data across the Western Niger Delta Basin which, in turn, will influence significant exploration decisions and future license rounds in one of West Africa’s most prospective oil and gas regions.

“This project underscores the growing momentum of our multi-client business and our key role in supporting exploration across key global basins,” said Irene Waage Basili, CEO of Shearwater. “By investing in high-quality seismic data, where we can both capture rapid returns and create longer-term value, we are enabling smarter decisions and helping to shape the future of energy security in West Africa and beyond.” 

Previously, Shearwater also announced service contract offshore Ghana, carrying out the region's first deepwater Ocean Bottom Node (OBN) seismic survey in the Jubilee and TEN fields. This contract was a result of the company's already well-established presence in West African regions, including the deployment of the SW Tasman vessel and Pearl node OBN platform. Since late 2024, these platforms have been instrumental in conducting OBN surveys across the region, starting with Côte d'Ivoire, and continuing with surveys in Angola.

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. 

Following Coral South, Mozambique's second floating liquefied natural gas project, Coral North development, is ready for engineering, procurement, construction, and installation work in water depths of approximately 2,000 m

As TechnipFMC will be delivering the contract, the company's president-subsea,Jonathan Landes, said, “We are excited to once again work with Eni and their consortium partners in Mozambique. We will leverage our experience gained from the successful delivery of Coral South—the world’s first FLNG project in ultradeep water—by replicating our proven playbook with an enhanced approach.”

The contract will require TechnipFMC to manufacture and install flexible flowlines and risers, alongside subsea manifolds and umbilicals. 

TechnipFMC has secured the contract from the project's operator, Eni, who reached the final investment decision of the Coral North project in October this year, and aims delivery by 2028. 

While Eni is leading the venture with a 50% share, other partners include CNPC (20%), Kogas (10%), ENH (10%) and ADNOC-subsidiary XRG (10%). Eni will be investing on the development of a state-of-the-art floating LNG facility in the Rovuma Basin, where it will be generating gas volumes from the northern part of Area’s 4 Coral gas reservoir. 

The Coral North development follows the success of the Coral South project, which effectively continues to be in production. 

As the Uganda National Oil Company aims to build a crude refinery, it has reached out to a unit of global commodities trader, Vitol, for a US$2bn loan to support the project alongside construction and infrastructure developments

According to Henry Musasizi, Uganda's junior finance minister, this seven-year tenor loan from Vitol Bahrain EC (VBA) comes with an interest rate of 4.92%. The minister worked on advancing the approval process for the credit line and the loan, which involved significant lawmakers, who sanctioned the development with a majority verdict.

Musasizi said that Vitol's support "presents an opportunity to access non-traditional financing to implement. ..projects and support the government in developing national infrastructure."  

Vitol Bahrain EC has a long-standing presence in Uganda's downstream sector, functioning as the sole supplier of refined petroleum products to UNOC, before the state-owned company sells it to retailers across the country.

Alongside the refinery, the loan amount will also be covering road construction, a petroleum products storage terminal and extension of a petroleum pipeline from western Kenya to Uganda's capital Kampala.

Previously, the UNOC also concluded a deal with the UAE-based Alpha MBM Investments, whereby a domestic refinery with a capacity of 60,000 barrels per day is in the pipeline. The agreement accords 60% stake on the refinery to the UAE firm while UNOC retains 40%.

Uganda is looking to begin commercial oil generation starting next year from fields in its west.

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.