Africa is entering a dynamic era of upstream growth. In 2025 alone, over 170 exploration blocks are on offer across North, West, Central and East Africa, with countries like Egypt, Nigeria, Angola, Mozambique and Ghana opening new frontiers for development.

On March 25, the proposed “Central African Exploitation and Manipulation of American Companies Act” was brought before US Congress, seeking to suspend US support for International Monetary Fund (IMF) actions involving member states of the Central African Economic and Monetary Community (CEMAC) until accurate foreign reserve disclosures are made.

Valaris Limited has been awarded a two-year contract offshore West Africa for drillship VALARIS DS-10 that is expected to commence late in the second quarter or in the third quarter 2026. The total contract value for the firm term is $352 million.

The US Gulf drillship sector is facing a lull in activity not seen since 2018. With marketed utilization for this segment staying above 90% since mid-2021, near-term availability in the region has been very tight.

Fincantieri announces that it has formalized its investment in WSense, a deep tech scale-up specialized in underwater monitoring and communication.

SBM Offshore announces it has signed a non-recourse sale and leaseback financing agreement for FPSO Cidade de Paraty for the total amount of $400 million and with a tenor of 8 years.

While the ocean economy doubled in real terms, from $1.3 trillion in 1995 to $2.6 trillion in 2020, coordinated policy action is essential to safeguard its long-term prosperity and sustainability, a new OECD report finds.

The 25^th Anniversary Louisiana Energy Conference (LEC) will be held midday Tuesday May 27 through Thursday, May 29, 2025, at the Four Seasons Hotel, New Orleans, located at 2 Canal Street, at the foot of Canal Street on the Mississippi River.

SBM Offshore announces that it has signed a $1.1 billion unsecured Revolving Credit Facility (RCF) with a group of 13 international banks to refinance its existing $1.0 billion RCF which was due to expire in February 2026.

A new report finds that deliveries within exploration, development projects and operation of Equinor-operated fields and onshore facilities in Norway continued to grow in 2024.

RWE has signed an agreement with Norges Bank Investment Management (NBIM) as its new partner for the Nordseecluster and Thor offshore wind projects currently under construction.

Crowley has named Jenny Fuss as its chief financial officer, leading all of the company's financial strategies and operations to enhance economic performance and business growth. 

Power demand continues to grow from electrification of society and industry, expansion of artificial intelligence (AI) and data centers. Equinor has built a significant renewables business over the last two decades, with offshore and onshore wind and solar in operation and under development.

Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced an agreement to acquire a 40% interest in Louisiana LNG Infrastructure LLC (“Louisiana LNG” or the “Project”), a liquefied natural gas production and export terminal in Calcasieu Parish, Louisiana owned by Woodside Energy Group Ltd.

In the Asia-Pacific (APAC) region, rapid population growth, industrial expansion, and economic development have propelled energy demand to unprecedented levels, with the region projected to maintain a 50% share of global primary energy demand until 2050.