Plenty of optimism in West Africa
Nigeria remains West Africa's largest producer by far, but if you want an exciting exploration prospect then Senegal and Mauritania are the places to be
Nigeria continues to dominate West African oil production, but plays second fiddle to other parts of the region in terms of exploration potential. The government in Abuja has made tangible efforts to reform the once notoriously corrupt administration of the industry and introduce a new framework to encourage investors to return to a sector that remains heavily reliant on mature fields. Total's FPSO in the Egina field is the only sizeable new project scheduled to start producing in the next year—though it is a big one, potentially adding up to 200,000 barrels a day to Nigerian output. Exploration remains limited, as oil companies wait to see how effective industry reforms prove to be. A rise
Also in this section
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
3 March 2026
The killing of Iran’s Supreme Leader Ayatollah Khamenei in US–Israeli strikes marks the most serious escalation in the region in decades and a bigger potential threat to the oil market than the start of the Russia-Ukraine crisis
2 March 2026
A potential blockade of the Strait of Hormuz following the escalating US-Iran conflict risks disrupting Qatari LNG exports that underpin global gas markets, exposing Asia and other markets to sharp price spikes, cargo shortages and renewed reliance on dirtier fuels






