2025 has recorded the highest average production rate in a decade.

With an aim to advance transparency, the National Oil Corporation (NOC) of Libya has released its average daily crude oil production and total (cumulative) production figures for the past 10 years 

According to the table released, 2025 has recorded the highest average production rate in comparison to the last decade, at 1.374 million barrels per day. Total crude oil production for the year reached 501 million barrels, marking a posititve shift in the NOC’s strategy to boost crude oil production rates. The NOC acknowledged the role of the employees at all production sites.

Majors have showed increased interests in the region all throughout 2025. TotalEnergies had kickstarted work on the Waha and Sharara fields, while also exploring opportunities in the Sirte and Murzuq basins. Speaking about the region, the company's senior vice president for the Middle East and North Africa, Julien Pouget, said, “With 40% of Africa’s reserves, Libya remains largely untapped.” 

Repsol, too, has resumed drilling in Murzuq Basin onshore Libya. Lauding the region's efforts in fighting natural field decline and encouraging exploration, Repsol's executive managing director, exploration & production, Francisco Gea showed faith in achieving the country's production target of two million barrels per day. 

Eni is set to launch three exploration plays in the region – shallow, deepwater and ultra-deep offshore, and is also deeply invested in Libyan gas with the US$10bn Greenstream pipeline and a CO2 capture and storage plant in Mellitah.

The acquisition aligns with Heirs Energies’ long-term strategy.

An indigenous integrated energy company from Africa, Heirs Energies has acquired Maurel & Prom SA's entire 20.07% equity stakes in Seplat Energy Plc at a price of GBP3.05 pence per share, adding to a transaction worth approximately US$500mn

The acquisition aligns with Heirs Energies’ long-term strategy to strengthen indigenous participation in strategic assets and accelerate sustainable energy development and security for Nigeria and Africa.

Commenting on the transaction, Tony Elumelu, Chairman of Heirs Energies, said, “This acquisition reflects our strong belief in Africa’s ability to own, develop, and responsibly manage its strategic resources. It is a long-term investment in Nigeria’s and Africa’s energy future, and aligns with our mission to drive energy security, industrialisation and shared prosperity. Seplat Energy has built a resilient, well-governed platform with compelling long term prospects, and we are pleased to support its continued growth and value creation for all stakeholders.”

This landmark achievement was supported by two leading African financial institutions—Afreximbank and AFC—further demonstrating Africa’s capacity to finance its own deals.

The acquisition aligns with Aradel’s long-term strategy.

Indigenous integrated energy company, Aradel Holdings Plc's wholly-owned subsidiary, Aradel Energy Limited, has completed the acquisition of an additional equity interest in ND Western Limited 

With the transaction, Aradel has aquired a 40% equity interest in NDW from Petrolin Trading Ltd. With the completion of the transaction, Aradel Energy Limited’s shareholding interest in NDW increased from 41.67% to 81.67%, and NDW has become a subsidiary of Aradel Energy Limited. This leads to a material increase in Aradel’s aggregate shareholding in Renaissance Africa Energy Company Limited, pushing its total indirect ownership in the company from 33.3% to 53.3%.

NDW holds a 45% participating interest in OML 34, a producing Oil Mining Lease located in the Western Niger Delta and owns 50% of the share capital of Renaissance Africa Energy Holding Company Ltd, the parent company of Renaissance Africa Energy Company Limited which operates the Renaissance Joint Venture.

This acquisition aligns with Aradel’s long-term strategy of disciplined portfolio consolidation, asset base expansion and sustainable value creation. It further strengthens the Company’s position within Nigeria’s upstream oil and gas sector, enhances operational scale, and supports improved efficiency and resilience across the Company’s asset portfolio.

Commenting on the transaction, Adegbite Falade, Chief Executive Officer of Aradel Holdings Plc, said, "The completion of this acquisition represents a further step in the execution of our growth and consolidation strategy. Increasing our equity interest in ND Western reinforces Aradel’s position as a leading indigenous integrated energy company and enhances our ability to drive long-term value for shareholders through scale, operational efficiency, and portfolio optimisation.”

The transaction was completed following the receipt of all requisite regulatory approvals, including approvals from the Nigerian Upstream Petroleum Regulatory Commission and the Federal Competition & Consumer Protection Commission, and is in compliance with all other applicable regulatory, governance, and disclosure requirements.

NUPRC appoints new chief executive.

The Nigerian Upstream Petroleum Regulatory Commission announces fresh ambitions with the appointment of the new commission chief executive, Oritsemeyiwa Eyesan, who delivers clear message to advance the country’s upstream oil and gas sector in line with the Petroleum Industry Act (PIA) 2021 

While conducting her first town hall meeting with the Commission management and staff, the new executive disclosed plans to give the Commission a shake up and boost investments in the upstream sector. 

As she is giving special emphasis on production optimisation and increased gas output from Nigeria, Eyesan said, "The goal is that we must enable the industry, we are regulators. We must enable the industry from our interactions with the stakeholders, from our interactions with everybody.

“My main objective is to ensure that we make a difference. I believe the NUPRC is at the Center of the industry.”

The chief executive brings an extensive experience for more than three decades in the oil and gas sector, which she will be leveraging to increase digitalisation, transparency and efficiency in operations.

The CCE said with the support of staff and management, the NUPRC will become the gold-standard regulator in Africa. She also promised capacity development, stronger technical depth and sustained engagement with stakeholders, unions and professional teams.

On leadership style, the CCE promised an open-door policy and frequent staff engagement. Eyesan also solicited for support and cooperation as the industry embarks on the next phase of transformation.

“If we work together we can unleash opportunities, I don’t see impediments only opportunities,” she said.