Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
Outlook 2026: Grand plan for offshore leasing should give boost to US Gulf
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
Outlook 2026: Revitalising Syria’s oil and gas sector – A new chapter
The new government has brought stability and security to the country, with the door now open to international investment
Outlook 2026: Energy realism regains the initiative from energy idealism
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
Outlook 2026: Stability vital for future energy pathways
With global energy demand continuing to rise, the world needs investment, investment and more investment
Outlook 2026: South America’s oil growth story masks hidden risks
Brazil, Guyana and Argentina to lead additional crude supply increases, but the rest of the region remains patchy
Special Report: Lighting the way out of bad energy policy
How New Zealand highlights the importance of a clear, consistent and considered approach to oil and gas
Outlook 2026: US onshore holds steady at sluggish rate as shale stagnates
As contradictory as it might seem, US oil output has continued to grow over the last several years, even as drilling in the shale plays has maintained a slow decline. This improbable dichotomy is a testimony to the industry’s technological prowess
New Zealand is back open for business
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
New Zealand’s gas horror story will haunt for years to come
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
Libya’s upstream caught between hope and caution
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
Upstream interest in the wider West African region has returned
Upstream IOCs Gabon Congo Equatorial Guinea
Simon Ferrie
4 May 2023
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Central Africa’s upstream attracts IOCs

Recent announcements demonstrate sustained interest in the mature region, especially among independents

Neighbours Gabon, Congo-Brazzaville and Equatorial Guinea form a cluster of long-established oil and gas producing countries in western Central Africa. These nations have never been able to match the sheer output of Nigeria to the north or Angola to the south, and are now all experiencing decline in their respective hydrocarbon sectors. But upstream interest in the wider West African region has returned, particularly since Russia’s invasion of Ukraine, spurring renewed activity and resulting in a recent spate of developments in the three neighbours. In a ceremony on 25 April, Congo-Brazza­ville’s president, Denis Sassou Nguesso, and Eni CEO Claudio Descalzi laid the foundation stone for Cong

Also in this section
Outlook 2026: Grand plan for offshore leasing should give boost to US Gulf
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
Outlook 2026: Revitalising Syria’s oil and gas sector – A new chapter
Outlook 2026
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
Outlook 2026: LNG markets and the overhang
Outlook 2026
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
Outlook 2026: Energy realism regains the initiative from energy idealism
Outlook 2026
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search