News – RED Transport Nigeria

PDVSA, African Energy Chamber sign MoU to boost oil and gas investment

Venezuela’s PDVSA and Hydrocarbon Ministry have signed a memorandum of understanding with the African Energy Chamber to strengthen oil and gas investment, upstream cooperation and joint energy development initiatives.

March 1, 2026/by World Oil

Africa–Venezuela cooperation in focus as energy delegation heads to Caracas

The African Energy Chamber will lead a delegation to Venezuela to explore upstream investment and strengthen oil and gas cooperation between African and Venezuelan energy stakeholders, as both regions seek to expand production and global partnerships.

February 22, 2026/by World Oil

Ghana ratifies Kosmos license extensions for Jubilee, TEN fields to 2040

Ghana’s parliament has ratified license extensions for the Jubilee and TEN fields through 2040, enabling new drilling and investment plans by Kosmos Energy and partners while supporting higher oil and gas output and domestic gas supply.

February 20, 2026/by World Oil

Cameroon offers nine exploration blocks in 2025–26 licensing round across two proven basins

Cameroon has opened bidding for nine upstream oil and gas blocks across the Rio del Rey and Douala/Kribi Campo basins, offering data-rich exploration opportunities near existing production with proposals due by March 30, 2026.

February 19, 2026/by World Oil

Africa’s oil and gas expansion must prioritize local workforce, AEC says

The African Energy Chamber is urging stronger local content policies and inclusive investment practices across Africa’s oil and gas sector as exploration and production activity expands across the continent.

February 16, 2026/by World Oil

Congo launches Phase 2 LNG exports from Nguya FLNG facility

Congo has launched exports from Phase 2 of its LNG project, adding new floating LNG capacity and strengthening its position as an emerging African gas exporter supplying global markets.

February 13, 2026/by World Oil

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