AEC\’s State of African Energy 2026 Outlook: Onshore Hydrocarbon Spending in Africa Set to Hit $22 Billion

The African Energy Chamber (AEC) has released its highly anticipated State of African Energy 2026 Outlook, painting a picture of steady growth and untapped potential in Africa\’s onshore oil and gas sector. According to the report, onshore hydrocarbon spending across the continent is projected to reach $22 billion in 2026, driven by optimization at mature […]

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Chevron Beats Estimates as the Hess Deal Contributes to Oil Production

In a resilient performance amid fluctuating oil prices, Chevron Corporation (NYSE: CVX) reported third-quarter 2025 earnings that surpassed Wall Street expectations, bolstered significantly by the recent integration of Hess Corporation\’s assets. The acquisition, completed in July 2025, has already begun paying dividends through enhanced production volumes, particularly from high-yield fields in Guyana. This marks a […]

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BP’s New $25 Billion Investment in Iraq’s Kirkuk Fields Is Far More Than an Oil Project—It’s a Geopolitical Pivot

In a bold move that underscores the intertwining of energy ambitions and regional politics, British Petroleum (BP) has activated a massive $25 billion redevelopment project in Iraq\’s northern Kirkuk region. This investment, formalized earlier in 2025 and kicked into gear on October 2, isn\’t just about extracting crude—it\’s a strategic play that could reshape power […]

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U.S. Interior Department Restores Canceled Leases to Alaska State Agency for Oil and Gas Development

The U.S. Department of the Interior has taken a significant step to boost domestic energy production by reopening the Arctic National Wildlife Refuge (ANWR) to oil and gas exploration and restoring previously canceled leases to an Alaska state agency. This move, announced on October 23, 2025, marks a reversal of policies from the previous administration […]

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