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With partners QatarEnergy and NAMCOR, Shell has found promising exploration results from its Merlin-1X exploration well in Petroleum Exploration Licence No. 0039 (PEL 0039), offshore Namibia

This pushes forward its evaluation of the Orange Basin block with the well successfully penetrating the Coniacian play. Delivering the most promising subsurface results to date in PEL 0039, it indicated good reservoir quality with light oil and limited associated gas, compared to prior results within the licence.

The Merlin-1X well, spudded on 8 April 2026, is the tenth well drilled in the licence, which is operated by Shell. 

The results enhance Shell’s understanding of the basin and support continued evaluation of the resource and its commercial potential across the licence. Further drilling later in 2026 is under consideration as part of a broader exploratory appraisal programme.

Eugene Okpere, Shell’s Executive Vice President for Exploration, Strategy and Portfolio, said, “These are encouraging results that add to our understanding of the Orange Basin potential. We are progressing this opportunity through a disciplined, data-led approach to establish commerciality, focusing our investment on options that are material, competitive and resilient within our portfolio. This is built on strong partnership and alignment, and I thank the Government of the Republic of Namibia, our partners and all teams involved.”

Following exploration successes from the Zafiro, Asen/Aleng and Ceiba/Okume fields in Equatorial Guinea, the Ministry of Hydrocarbons and Mining Development has now initiated a comprehensive reprocessing campaign in Rio Muni basin, which is anticipated to possess excellent geological promise

A survey over 9,600 sq km of the largely underexplored basin has been launched by Geoex MCG, in partnership with Perceptum and DUG Technology and the Ministry of Hydrocarbons and Mining Development.

Once the results of the reprocessing are out around Q4 2026, interpreters can enjoy the fruits of modern data and full waveform inversion (FWI) workflows, gaining influential insights from enhanced quality images. 

To target areas potentially eligible for exploration development, key down-dip plays within the Miocene and Upper Cretaceous–Paleogene intervals will be put to reprocessing. The L-1 and L-2 wells will be tied for attaining velocity and depth control. 

Equatorial Guinea, including offshore Sao Tome and Principe as per the Jaca well, is known to be rich in reservoir and source sequences, and the reprocessing team will be hunting for the entry points to especially access potential source rock presence in these regions. An in-depth understanding of the tectonic history will help delineate the largely coveted distal petroleum systems which holds the promise of vast volumes. The reprocessing will generate advanced images of high-resolution delineation of aged intervals in the region.

Digitalisation and artificial intelligence (AI) will create around US$500bn in cumulative value for E&P companies between 2026 and 2030, according to new analysis from Rystad Energy, creating a huge market for digital solutions

Cost reductions from more efficient operations, production increases from higher uptime and increased recovery, and compressed development timelines contribute to this value creation. Exploration and production (E&P) companies currently investing in digital and AI are expected to capture an additional value of US$80bn per annum in 2030 compared to 2025.

The returns are already visible in the industry, Rystad notes. ADNOC reported US$500mn in AI-driven value already in 2023, and has committed US$1.5bn in digital capital expenditure targeting US$1bn in annual value creation. Norway’s Equinor generated around US$200mn in AI-related savings between 2021 and 2024, and reported US$130mn in 2025 alone.

The US$500bn value creation opportunity in upstream oil and gas encompasses four main workflow categories: asset development, operations and maintenance, exploration and reservoir development, and  drilling, wells and production. Each is at a different stage of digital maturity. Digitalisation within exploration and reservoir development is relatively well established. Operations and maintenance is now seeing more rapid adoption, with predictive maintenance and remote operations delivering cost reductions. Subsurface workflows hold the largest untapped value potential, especially from getting more volumes out of the ground and reducing drilling costs. Some operators have, for instance, compressed seismic interpretation timelines from months to around 10 days.The early adopters of these technologies typically have digitalisation and AI as an integral part of their strategy.

Capturing the value at stake requires investment in digital tools, infrastructure and integration, and E&Ps are estimated to have spent around US$25bn on digital and AI purchases in 2025. The market for providing these tools and services is expected to grow by more than US$10bn by 2030, surpassing US$35bn in total annual market size and approaching US$50bn by 2035.

However, the main barrier to capturing this value is deployment at scale, says Rystad. Partnerships with suppliers and technology experts are increasing to reduce complexity, and simplify integration, typically through platform solutions. Traditional oilfield service (OFS) providers with domain expertise, and technology experts such as integrators or hyperscalers are among the most important partners for E&Ps, with the commercial model shifting from transactional service delivery towards integrated technology partnerships that can leverage an ecosystem of players, platforms and scalable tools.

AI is accelerating the value potential of digital solutions in oil and gas. Despite many breakthroughs, most current AI applications in upstream rely on traditional machine learning models trained on equipment and workflow-specific data, which takes years to accumulate, and models may require significant rework. Newer AI approaches may change this, for instance through agentic AI automating tasks and augmenting humans in a way that breaks down organisational silos and acting as a contextualising layer that functions across varied data types without full retraining.

Rystad puts forward a scenario where AI accelerates the value creation even further, with breakthroughs simplifying integration and compressing adoption timelines. This accelerated AI scenario would also require additional spending on digital solutions, and the value creation gap between early adopters and followers could widen even more.

In a major step towards the development of its first project in Egypt, Arcius, in collaboration with the Egyptian Natural Gas Holding Company, has reached final investment decision (FID) on the Harmattan gas field in the El Burg Offshore concession area

Approximately half a billion dollars investment by the bp and XRG venture, the project aims to boost natural gas production.

This comes following Arcius’ acquisition of the El Burg Offshore concession area in February 2026. The project's execution phase will be led by ENPPI delivering engineering, procurement, construction and installation (EPCI) contract for Pharaonic Petroleum Company on behalf of El Burg Offshore Petroleum Company. Petroleum Marine Services and Petrojet will be providing services in the capacity of subcontractors.

Speaking on the FID and acknowledging the project's purpose to primarily meet domestic market needs, the chief executive officer of Arcius, Naser Al Yafei, said, "The Final Investment Decision to develop the Harmattan field marks an important milestone in advancing one of our first projects in Egypt toward production. It reflects our confidence in the potential of Egypt’s energy sector and our commitment to close cooperation with the Egyptian government, EGAS, and our execution partners to strengthen Egypt’s natural gas supply, support energy security, and reinforce Egypt’s position as a regional energy hub in the Eastern Mediterranean.” 

The FID was announced during the EGYPES 2026 with the participation of EGAS, Arcius as the Operator of El Burg Offshore Concession, PhPC, ENPPI, and in the presence of Karim Badawi, Minister of Petroleum and Mineral Resources.

In line with Nigeria's strategy to expand reach in export market, the Nigerian National Petroleum Company Limited has globally released its new crude grade – Cawthorne 

With an API gravity of 36.4 that denotes the light and sweet kind, the Cawthorne crude rules global market demand because of its unmatched petrol and diesel yields. Comparable to Bonny Light, Cawthorne crude blend is the latest from Nigeria’s basket of crude grades, building on recent additions such as Nembe and Utapate. 

The consistent market launches come from optimised production, helping Nigeria to solidify its base in the export market with diverse offerings. The Cawthorne Floating Storage and Offloading (FSO) vessel, which is strategically positioned offshore Bonny, Rivers State for enhanced energy security and operational efficiency in easy crude evacuation from OML18, comprised the maiden 950,000 barrels cargo for export. Loaded on an MT Eburones vessel, it headed to the Netherlands, and unto the global market. 

As Nigeria aims to attain crude production of three million barrels per day and gas output to 12 billion cubic feet per day by 2030, the international launch of Cawthorne will unlock value from its asset base and deepen market competitiveness.

“This milestone reflects the direction we have set for NNPC Limited—one anchored on execution, partnership, and value creation. We are moving decisively from resource potential to resource monetisation, ensuring that every asset delivers measurable commercial outcomes.

"The successful export of the Cawthorne crude grade is not an isolated achievement; it is part of a broader, deliberate strategy to grow production, deepen market relevance, and strengthen Nigeria’s position as a reliable global energy supplier. We remain firmly focused on delivering sustainable growth in line with national objectives and global market expectations,” said Bashir Bayo Ojulari, Group Chief Executive Officer of NNPC Ltd, as he acknowledged President Bola Ahmed Tinubu’s leadership and OML 18 partners' strong collaboration in achieving the milestone. 

Technological innovation, strategic partnerships, and operational discipline will remain central to NNPC Limited's vision as the organisation works towards value creation from Nigeria's vast hydrocarbons resources.

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.