Africa Oil Corp has launched its new brand identity with a change of name to Meren Energy Inc

This follows the completion of the Prime consolidation, doubling reserves and production in high quality offshore assets that benefit from low lifting costs, premium Brent pricing and a favourable fiscal regime.

The Company’s common shares will trade under the new symbol ‘MER’ on the TSX and Nasdaq OMX Stockholm. 

Commenting on the launch of Meren, president and chief executive officer, Roger Tucker, said, “The recent completion of the Prime consolidation felt like the natural catalyst to rebrand the Company given the transformational impact of that transaction. Over the last couple of years, we have worked diligently to enhance our investment proposition by simplifying the structure of the business and gaining more direct interests in our large-scale and high-netback assets in deepwater Nigeria. The business model has also evolved considerably over the past few years; moving away from being exploration led to being a full-cycle E&P underpinned by strong cash flow generation that supports our commitment to meaningful shareholder returns.”

The name Meren is derived from an old nautical term representing the mooring of a vessel as it docks. Inspired by the maritime legends that set sail in pursuit of new worlds, the name mirrors the Company’s stability anchored by a diverse portfolio, strong cash flow profile and proven ability to work side by side with industry leaders on world-class assets.

Meren will be working to drive long-term value through its existing portfolio of world-class assets. It will be considering strategic acquisition of production assets within target markets.

Norwegian seismic firm TGS has completed reprocessing work on data that it hopes will spur renewed interest in Angola’s forgotten deepwater Block 16

The company has announced that it had finished work on the Block 16 GeoStreamer MC3D seismic dataset in the Lower Congo Basin, in partnership with Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG).

Exploration in the deepwater Lower Congo Basin has experienced a resurgence in recent years, TGS reported, with numerous significant discoveries being made and rapidly brought on stream.

"This 3,684-sq-km rejuvenation project utilises modern depth processing workflows to deliver enhanced imaging beyond the original data, enabling detailed evaluation of deeper target plays in both post-salt and pre-salt sections,” it said in a statement.

Angola’s Block 16 has remained largely under explored since the early 2010s, however, with the most recent exploration well drilled in 2013. Until recently, publicly-known oil and gas discoveries within Block 16, in the latest dataset, were limited to the Bengo (1994) and Longa (1995) Upper Miocene finds in the northern section.

However, TGS said that a recent re-evaluation of wells in the Lower Congo Basin has identified oil recovery from Upper Miocene reservoirs in the southern part of the survey area. The survey also provides partial coverage of the field, a marginal field development opportunity currently being marketed by ANPG.

Discovered in 2003, Tchihumba contains hydrocarbon-bearing zones within Upper Miocene, Lower Miocene and Oligocene sands, with recoverable volumes estimated at approximately 136mn barrels.

Additionally, the Lumpembe-1 oil discovery on Block 15/06, drilled in 2023 and currently undergoing development studies, falls within the survey’s coverage.

“TGS is very pleased to continue our support of exploration in this region with our high-quality seismic data,” said David Hajovsky, executive vice president multi-client, TGS. “These accumulations, along with the proximity of significant neighbouring discoveries, present strong opportunities for future exploration success.”

Other West African projects TGS has completed recently include an enhancement of its Fusion 3D seismic dataset offshore Sierra Leone, focusing on the Vega prospect.

Recent discoveries in South America have intensified interest in this region, TGS stated late last year, positioning Sierra Leone as a promising new exploration frontier.

“With growing interest from international oil companies and independents, the Fusion 3D data comes at a crucial time.”

TGS also signed an agreement last year to enhance datasets in Mauritania with the Ministère du Pétrole, des Mines et de l’Énergie, strengthening its position as the sole provider of multi-client subsurface data in the country.

Read more offshore Angola news here:

Red Sky Energy signs risk service contract on Angola Block 6-24

Cabgoc's Sanha project achieves first gas offshore Angola

Sequa Petroleum to acquire interests in multiple blocks in Angola

Africa’s offshore oil and gas sector is rapidly evolving, with operators venturing into deeper waters to tap into new reserves

While these developments present exciting opportunities, they also introduce significant technical challenges – especially with testing and commissioning of the subsea equipment. With subsea umbilicals now incorporating more fiber optic cables for high-speed data transmission and control, the ability to quickly and accurately test these fibres is more crucial than ever. To support the testing of the fibre optics in these complex projects, C-Kore Systems Ltd. is revolutionising subsea testing with its Subsea Optical Time Domain Reflectometer (OTDR) – a compact, automated testing tool that simplifies operations ensuring reliable testing of the optical fibers in deepwater environments, reducing overall costs.

As offshore fields extend into deeper waters, subsea infrastructure becomes increasingly sophisticated. Umbilicals containing fiber optics play a vital role in transmitting data and maintaining communications between subsea assets and topside facilities. However, testing these critical components is far more challenging at greater depths, where conventional methods are often impractical or too costly.

Traditional cable testing relies on labour-intensive processes that require specialised technicians and extended vessel time. Manual fault-finding in deepwater conditions can cause delays, increasing operational expenses and disrupting project timelines. To ensure reliability from the outset, operators need automated, efficient solutions that streamline the testing process while reducing costs.

C-Kore’s Subsea OTDR is transforming fiber optic cable testing by bringing topside Optical Time Domain Reflectometry (OTDR) technology to subsea applications. Operators can now verify cable integrity directly on the seabed without complex setups or specialized personnel. Unlike traditional methods that require trained technicians and lengthy troubleshooting, this automated solution delivers instant, accurate results, reducing vessel time and cutting costs. By simplifying operations while ensuring reliable performance from day one, subsea OTDR is making deepwater commissioning faster, more efficient, and cost-effective.

African offshore operators are already seeing the advantages of integrating C-Kore’s Subsea OTDR. As the industry expands into deeper waters, the ability to verify fiber optic integrity quickly and accurately is becoming a key factor in maintaining efficient operations.

With Africa’s offshore industry moving into deeper waters, subsea testing is becoming more critical than ever. Traditional methods are struggling to keep pace with the increasing complexity of modern greenfield projects, making automation a necessity. More operators are turning to C-Kore’s Subsea OTDR to streamline commissioning, cut costs, and reduce vessel time, ensuring projects stay on schedule. As offshore developments continue to evolve, C-Kore Systems Ltd. is driving change—providing smart, reliable testing solutions that make subsea operations more efficient, cost-effective, and ready for the future.

For more information on C-Kore's innovative subsea testing technology, visit www.c-kore.com.

Chariot has assumed operatorship with a 75% working interest in both the Lixus Offshore and Rissana Offshore licences, with ONHYM keeping its 25% stake 

This comes as Energean completes the transfer of their wholly owned subsidiary which held 45% and 37.5% respectively in the Lixus Offshore and Rissana Offshore licences.

The Lixus Offshore licence includes the Anchois gas field where Chariot is heavily invested. Following the drilling of three wells from the field, which did not perform according to expectations, Chariot still hopes to leverage multiple good quality gas bearing reservoirs that were found in the main B sand appraisal interval.

The operatorship will give Chariot greater scope to progress the licence work programmes along with ONHYM to further assess the Anchois development plan based on discovered resources.

Adonis Pouroulis, CEO of Chariot, said, “We are pleased to have completed the transfer of these licences and regained operatorship as we see material value within our diversified Moroccan position, both offshore and onshore. The Anchois gas discovery still offers the potential for a rescaled development and our next steps are to scope this based on the core resources found in the three wells underpinned by our previous work on engineering design, environmental and regulatory approvals, project financing and gas sales. Gas market fundamentals in Morocco are robust with strong gas demand and excellent fiscal terms and we will look to work with all stakeholders, including our partner ONHYM and the Ministry of Energy Transition and Sustainable Development to advance these important domestic projects.”

African Export-Import Bank has released a US$3bn revolving credit line to simplify the sourcing of petrol, diesel, jet fuel and other products from African refineries

Besides providing a safeguard against current geoplitical tensions and tariff uncertainties, the move will expectedly bring some relief for the African and Caribbean buyers as it takes the pressure off of nearly a US$30bn fuel import bill that the region has to bear annually. 

The bank believes that the aid might give the facility the much needed push to generate around US$10-14bn of trade finance over the initial three years. 

This comes as part of the Revolving Intra-African Oil Import Financing Programme.

Key refining hub

In a bid to boost regional processing capacity, Afreximbank has also been the largest financier of Nigeria’s 650,000-barrel-per-day Dangote refinery. It has contributed to the revamping of Nigeria's Port Harcourt oil complex as well. Also arranging funding for plants in Angola and Ivory Coast, Afreximbank's support could add around 1.3  mn  bpd of refining capacity.

"The programme will galvanise efforts towards making the Gulf of Guinea a key refining hub," Afreximbank President Benedict Oramah said in a statement on Monday.

According to Reuters, Afreximbank will also be a controlling shareholder of Atmin, a new trading house set up by former Shell oil traders to focus on African oil trading. 

Recently, Iran has expressed keenness in exporting petrochemicals to AfricaIran has expressed keenness in exporting petrochemicals to Africa with an aim to strengthen strategic partnership between the two countries given the current shifts in global power dynamics.

Africa has been paying a hefty price for a long time now as it lacks the right infrastructure to advance the practice of gas flaring 

During a session at Invest in African Energy 2025 titled 'Flare Gas Utilisation: The Importance of Mid-Scale Integrated Gas Commercialisation Solutions', Nmesoma Okereke, sales manager and flare gas recovery specialist at Neuman & Esser, emphasised on addressing the challenge with scalable gas monetisation strategies.

“The most important reason for gas flaring is a lack of infrastructure, but also cost inefficiencies,” said Okereke. “In the past, it was more economically feasible to flare gas than develop or commercialize the gas. That is no longer the case with the rise of innovative gas solutions.”

Three of the world’s top nine gas-flaring countries are in Africa, said Okereke, collectively responsible for an estimated 60% of the continent’s gas flaring. Nigeria alone flared roughly 193 bn cu/ft of gas in 2024, while producing 2.5 trillion cu/ft of gas. Leveraging that wasted gas can generate as much as US$1bn, making a huge difference in a country where around 40% of the population is yet to experience the benefits of electricity.

Nigeria’s case study illustrates the dual challenge of wasted resources and unmet energy demand. According to Okereke, Nigeria needs five times its current domestic gas supply to reach its goal of 30 GW of power by 2030.

With flaring becoming less economically justifiable due to emerging technologies and modular gas utilisation options, Okereke emphasised the need to shift toward mid-scale integrated solutions that can bridge the infrastructure gap and bring gas to market more quickly and efficiently.