Category: Oil & Gas

The start of US-Iran nuclear talks in Oman has had a placating effect on oil markets, with ICE Brent sliding back to $67 per barrel, set for a more than 5% weekly loss after a stellar string of gains in January.

South Africa//-Cameroon and Equatorial Guinea have signed a unitization agreement to jointly develop the cross-border Yoyo-Yolanda gas fields, marking a decisive step toward accelerating long-delayed gas monetisation in the Gulf of Guinea.

Lagos, Nigeria// — Oando PLC (www.OandoPLC.com), Africa’s leading indigenous energy solutions provider, has published its unaudited results for the full year ended 31 December 2025.

Trump’s erratic rhetoric has been greatly supportive of oil prices this week, first promising ‘speed and violence’ to Iran, only to talk about dialogue the next day.

Cairo, Egypt// — African Export-Import Bank (Afreximbank) (www.Afreximbank.com), working with other mandated lead arrangers, has successfully closed a US$1.75 billion syndicated receivables purchase facility for Sonangol, Angola’s national oil company.

Luanda, Angola// — The Angola Oil & Gas Conference & Exhibition (AOG) – organised by Energy Capital & Power –was officially launched in Luanda on Tuesday, marking the start of the countdown to the country’s premier oil and gas event.

// Libya,/ — The African Energy Chamber (AEC) (https://EnergyChamber.org) welcomes Libya’s accelerating recovery in the energy sector, as rising production, renewed investment and policy clarity signal the country’s re-emergence as a key African and Mediterranean energy producer.

// — Libya’s energy sector is rebounding, attracting global investors and signalling a renewed commitment to production expansion, gas monetisation, and long-term partnerships. At the Libya Energy & Economic Summit (LEES) 2026 in Tripoli on Saturday, officials outlined a clear roadmap for growth, reform and regional collaboration.

Kazakhstan’s incessant supply disruptions have been the main talking point this week; however, up until Friday, there’s been little impact on pricing.

The Ghana Navy has carried out two major operations in the Volta Region, leading to the seizure of large quantities of fuel and equipment linked to illegal bunkering activities.