Wednesday – April 29, 2026

Finance

New Alliance Ignites Fresh Momentum in Africa’s Exploration Landscape

The African Energy Chamber (AEC) strongly supports Eco Atlantic’s newly announced Strategic Partnership with Navitas Petroleum, which stands to reinvigorate exploration activity across Southern Africa ...

Chevron Announces 2026 Capex Budget of $18 to $19 Billion

Chevron Corporation (NYSE: CVX) has announced an organic capital expenditure range of $18 to $19 billion for consolidated subsidiaries (capex) for 2026, at the low-end ...

Shell Grows Interest in Atapu and Mero Units Offshore Brazil

Shell Brasil Petróleo Ltda. (Shell Brasil), a subsidiary of Shell plc, has secured additional equity in Brazil’s pre-salt oil projects following an auction led by ...

Growing Risk of UK Offshore Energy Supply Chain Relocating Overseas Due to Project Delays

Frequent delays to offshore energy and infrastructure projects are threatening the viability of the UK supply chain, according to a new study from the leading ...

African Leaders Advance Energy, Gas and Financing Plans Ahead of Paris Summit

African policymakers, financiers, and energy executives issued a unified call at the G20 Africa Energy Investment Forum in Johannesburg, organized by the African Energy Chamber, ...

Aramco Announces 17 MoUs and Agreements with US Companies

Aramco, one of the world’s leading integrated energy and chemicals companies, has announced 17 Memoranda of Understanding (MoUs) and agreements with a potential total value ...

As EU Plans Russian Gas Exit, Ministers to Convene in Paris to Chart Africa’s Export Potential

In the wake of seismic shifts in the European energy landscape, the Invest in African Energy (IAE) 2026 Forum in Paris will host a Ministerial ...

New Research from Xodus Reveals Projected Australian Offshore Decommissioning Costs

New research from global energy consultancy Xodus has revealed that the estimated cost of fully removing Australia’s offshore oil and gas infrastructure is benefiting from ...

UK Expertise Could Unlock Africa’s Next Energy Boom and Low-Carbon Growth

The role of UK technical and service collaboration in Africa’s energy future was underscored at the Wider African Energy Summit (WAES) in Aberdeen on Tuesday, ...

Otto Candies LLC Receives $450,000,000 Loan from Beal Bank USA

Beal Bank USA is has arranged a term loan of $450,000,000 to Otto Candies, LLC.

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Equinor Transfers Operatorship of the Peregrino Field to PRIO

Equinor has closed the sale of a 40% operated interest in the Peregrino field in Brazil to PRIO. Following this transaction, PRIO assumes full operatorship ...

S&P Global Ratings’ Samira Mensah Joins African Energy Chamber G20 Forum

With an energy finance gap estimated between $30 billion and $50 billion per year, Africa is pursuing diversified sources of financing to address this shortfall ...

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