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Europa associate to farm out stakes offshore Equatorial Guinea.

Exploration

Europa Oil & Gas (Holdings) plc's associated entity, Antler Global Limited has secured a binding farmout agreement with Fuhai (Beijing) Energy Limited, a subsidiary of Fuhai Group New Energy Holding Co Ltd, to transfer a 40% stake in the offshore Equatorial Guinea EG-08 production sharing contract (PSC)

Following an initial announcement on 1 September 2026, the involved parties have agreed to extend the transaction's completion longstop date to 30 October 2026.

While the Ministry for Mining and Hydrocarbons Department of Equatorial Guinea has already given clearance, the deal is still awaiting Outbound Direct Investment (ODI) authorisation from the Beijing Municipal Development and Reform Commission.

New Chinese regulations introduced on 1 July 2026 have lengthened the overall processing period for outbound investments. Nonetheless, the MDRC confirmed that Fuhai's paperwork is being actively processed, and Chinese authorities remain satisfied with the submission.

Europa maintains a 42.9% equity stake in Antler. Once the deal closes, ownership of the EG-08 PSC will be split as follows:

- Antler Global Limited: 40% working interest (retaining operatorship)

- Fuhai (Beijing) Energy Limited: 40% working interest

- GEPetrol (National Oil Company of Equatorial Guinea): 20% state interest

Despite the regulatory slowdown, the planned timeline for the Barracuda-1 exploration well remains unchanged. Drilling operations are anticipated to begin during the first half of 2027.

William Holland, chief executive officer of Europa, said, “While ODI approval is taking longer than anticipated, the direction of travel is clear. Fuhai's application continues to be processed, and we remain encouraged that the approval is close. We have used this time to ensure that we are fully prepared to commence the drilling process for Barracuda-1 as soon as ODI approval is secured, and we look forward to testing what we believe is a very exciting prospect.”

The survey will span across 34,000 kms offshore Egypt. (Image source: TGS)

Geology & Geophysics

Energy data and intelligence provider, TGS, has partnered with Egyptian Natural Gas Holding Company (EGAS), to initiate a large-scale 2D seismic reimaging campaign, the EGY-2DRE2026 project 

The survey will span across 34,000 kms offshore Egypt, which will be further integrated to the GeoStreamer 2016, 2018 and 2023 surveys. The compilation will comprise other available conventional 2D data as well, building single and consistent regional framework for interested operators to refer to across the offshore basins. The vast and insightful dataset will be fed into an advanced velocity model building and pre-stack depth migration workflow, including TGS' proprietary DM-eFWI technology, to generate credible images of pre-, intra- and post-Messinian salt intervals in high definition. 

The reimaged dataset that spans offshore Nile Delta, Herodotus Basin, and wider Eastern Mediterranean Basin will support clients to better resolve these intervals, giving a sharper, basin-wide structural framework to support prospect identification and maturation. This will play a significant role in decision making for operators to channelise exploration budgets in the right direction ahead of upcoming licensing rounds.

To support resource development, TGS has lately been taking up region-specific projects in Africa that aligns with a rising global demand for basin-wide reimaging and data integration across frontier and mature basins globally.

Final products for a priority subset of 2D lines are scheduled for delivery in Q2 2027, with the remaining full project scheduled for completion in Q1 2028.

"EGY-2DRE2026 will give our customers a modern, regionally consistent view of a basin that has historically been difficult to image beneath its complex Messinian section," said David Hajovsky, Executive Vice President, Multi-Client at TGS. "By combining our latest imaging technology with the depth and breadth of our existing coverage, we're able to de-risk exploration decisions and support our customers as they evaluate future opportunities in this highly prospective part of the Egyptian offshore."

The project is supported by industry funding.

The TESCOM RC-X motorised injection rate control valve. (Image source: Emerson)

Technology

Emerson has launched the TESCOM RC-X motorised injection rate control valve, which helps offshore refineries achieve accurate, repeatable chemical injection, reducing chemical waste, downtime and overall operating costs

Flow assurance is critical for offshore production facilities, especially as the industry moves to deeper water, longer tiebacks, deeper wells and higher temperature and pressure reservoirs, where conditions such as hydration, corrosion or the buildup of wax, asphaltene, scale and emulsion can restrict flow.

Chemical treatment can help mitigate these blockages, but there are dangers with over or under injection of chemicals. Over injection increases chemical consumption and resulting costs as well as additional field trips to replenish chemical storage tanks. It can also adversely impact downstream processing or treatment programmes and result in contamination penalties. Under injection can be ineffective, risking mechanical integrity and production output.

“Proper chemical dosing in deepwater and high-pressure/high-temperature refining environments can prevent blockages and flow instability, helping to ensure optimum fluid behaviour, protect asset integrity and stimulate production,” said Julia Villa, product marketing manager with Emerson´s fluid and motion control business, noting the TESCOM RC-X control valves enable accurate dosing that reduces downtime and chemical waste associated with over injection.

The value is specifically designed to work with Micro Motion Coriolis flow meters in offshore chemical injection processes, which deliver reliable flow measurement for liquids, gas or slurries.

Product features

  • Precise flow assurance - With a short-stroke design (less than 1/8 of an inch), TESCOM RC-X control valves are accurate up to 15,000 pounds per square inch (psi) and offer ultra-low flow rates of 0.02-500 liters per hour and repeatable function with 4-20 milliampere (mA) control
  • Electric actuation eliminates air requirements, an advantage when compressed air is unavailable or unreliable.
  • Available in medium- and high-pressure models
  • Lightweight and compact
  • Fewer moving parts than comparable products, reducing risk of mechanical failure over time, performing more consistently and requiring less maintenance.
  • Explosion-proof, waterproof (IP67-rated) and corrosion resistant (compliant to NACE MR0175).

 

First gas from NT-1 and NT-2 is targeted for December.

Gas

The giant Ntorya gas field development in Tanzania is anticipated to deliver vital domestic energy supplies, alleviate local energy poverty, and drive long-term industrial and economic growth for the country

Tanzanian government authorities have recognised the urgency of the project's advancement and to make sure there is no delay, an optimised timetable has been established in consultation with the joint venture partners involved in the field's development. Designed with an aim to achieve first gas production by December, the packed schedule includes critical well workovers, testing, and accelerated drilling. Fully funded field operations and pipeline infrastructure integration will prepare the site for production generation.

Aminex has reached an agreement on the sequencing and implementation of the Ntorya gas development following a meeting convened by the Tanzanian Ministry of Energy

Key stakeholders convene

Representatives of the Ministry of Energy, the Petroleum Upstream Regulatory Authority (PURA), the Tanzania Petroleum Development Corporation (TPDC), ARA Petroleum Tanzania Limited (APT), the operator of the Ruvuma PSA, and Aminex's wholly owned subsidiary, Ndovu Resources Limited (Ndovu) were present at the meeting.

While the government did not approve the operator's proposal to extend and delay the project timetable, it did confirm a revised implementation schedule with all the parties involved. This schedule comprises workover of the Ntorya-1 well (NT-1) in October, the testing of the Ntorya-2 well (NT-2) in November and the drilling of a newly planned NT-Central well (NT-C) in December.

First gas from NT-1 and NT-2 is targeted for December. Drilling of the Chikumbi-1 well (CH-1) is to proceed after NT-C is drilled. Following the change of management at ARA Petroleum LLC and a technical reappraisal of the Ntorya project, APT had proposed bringing forward NT-C, previously planned as a development well for a later phase of field development, in place of CH-1, with the drilling of CH-1 deferred. The revised implementation schedule plans to drill the NT-C first, followed by the drilling of CH-1.

It was also confirmed at the meeting that the Ntorya to Madimba pipeline will be completed in time to receive first gas from the Ntorya field in December 2026.

APT confirmed to the parties that it had all necessary funds to carry out the revised programme for the development of the Ntorya field.

The parties agreed that APT should execute the planned activities in accordance with the revised implementation schedule and without unnecessary delay. The revised programme will now be progressed through the formal Joint Venture approval process in accordance with the Joint Operating Agreement.

Economic impact of the project

Charles Santos, executive chairman of Aminex, said, "I would like to thank Dr James Mataragio, Permanent Secretary for Petroleum at the Ministry of Energy, for convening the meeting last week and for the constructive approach taken by all parties. Our focus now is on working together to implement the agreed programme and deliver first gas without further delay.

"The revised implementation programme establishes clear near-term operational milestones, targets first gas for December 2026 and provides for the drilling of a newly planned well, NT-Central, while ensuring that the CH-1 well is also drilled.

"Together, these activities form just the beginning of the development of the giant Ntorya field which is expected to deliver large volumes of gas supplies to Tanzanians, helping alleviate energy poverty, boost industrial development and fuel Tanzania's economic growth."

The consistent market launches come from optimised production.

Downstream

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.

 

 

Energy leaders from across Africa will participate in the Strategic Conference. (Image source: dmg events)

Event News

The upcoming edition of ADIPEC 2026 will feature a strong contingent of African government leaders, underlining the continent's growing importance in shaping the future of global energy markets

Held under the patronage of His Highness Sheikh Mohamed Bin Zayed Al Nahyan, President of the United Arab Emirates, and hosted by ADNOC, ADIPEC 2026 will take place in Abu Dhabi from 2 to 5 November 2026, convening policymakers, industry executives, technology innovators and investors from around the world.

Senior ministers and energy leaders from across Africa are expected to participate in the event's Strategic Conference and high-level discussions, bringing perspectives from some of the world's fastest-growing energy markets. Their participation reflects increasing collaboration between African nations, the Middle East and international partners to expand energy access, attract investment and advance sustainable economic development.

Among the confirmed speakers are: Rt. Honourable Ekperikpe Ekpo, Nigeria's Minister of State for Petroleum Resources (Gas); Honourable James Opiyo Wandayi, Kenya's Cabinet Secretary for Energy and Petroleum; Honourable July Moyo, Zimbabwe's Minister of Energy and Power Development; and His Excellency Dr. Khalifa Rajab Abdulsadek, Libya's Minister of Oil and Gas.

Also participating are: His Excellency El Hadji Abdourahmane Diouf, Senegal's Minister of Energy and Petroleum; His Excellency Tiémoko Traoré, Mali's Minister of Energy and Water; and His Excellency Karim Badawi, Egypt's Minister of Petroleum and Mineral Resources. They will be joined by Proscovia Nabbanja, Chief Executive Officer of Uganda National Oil Company (UNOC), representing one of Africa's most closely watched emerging energy companies.

Africa is home to vast oil, gas and renewable energy resources and is expected to play a pivotal role in meeting rising global energy demand while supporting economic growth across the continent. Many countries are pursuing strategies that balance energy security, industrial development and emissions reduction, creating new opportunities for investment, technology deployment and cross-border collaboration.

At ADIPEC 2026, African leaders will engage with global decision-makers on topics including energy security, gas development, infrastructure investment, energy access, digitalisation and the pathways to a lower-carbon future. Their presence will reinforce ADIPEC's role as a leading platform for international dialogue and partnership, bringing together governments and industry to accelerate progress toward a more secure, affordable and sustainable energy system.

To register to attend ADIPEC 2026, visit https://www.adipec.com/