Reassess Supply Posture after West Africa Asset Moves

Home Fossil Energy Petrobras targets West Africa offshore frontier with four-block talks in Ghana August 21, 2026, by Brazilian state-owned energy giant Petrobras is advancing its push into West Africa’s offshore oil and gas frontier, entering negotiations for exploration contracts covering four blocks in Ghana’s Keta Basin as the Brazilian major seeks to replenish reserves and expand its international exploration portfolio. Illustration; Source: Petrobras Petrobras has submitted an expression of interest in ex

Illustration; Source: Petrobras Petrobras has submitted an expression of interest in exploration blocks located in offshore areas of the Keta Basin in Ghana, a country on the west coast of Africa

As Petrobras is keen on boosting its oil and gas reserves through the exploration of new frontiers, both in Brazil and abroad, the assessment of new opportunities seeks to diversify the company’s exploration portfolio

Home Fossil Energy Sintana expands Walvis Basin exposure ahead of potential 2027 exploration wave in Namibia August 21, 2026, by Canada-headquartered oil and natural gas exploration player Sintana Energy has taken steps to position itself for the next phase of Namibia’s offshore oil story by acquiring a stake in Maravilla Oil and Gas, a privately held Namibian company focused on high-impact opportunities in West Africa, which enables it to secure an indirect interest in petroleum exploration license 37 (PEL 37)

Given the geographic and technical setting of PEL 37 relative to PEL 82, the outcomes of future drilling on PEL 82 could have significant ‘read through’ implications for PEL 37. In addition, Eco (Atlantic) announced in April 2026 the farm-down of interests in three of its licences in the Walvis Basin, adjacent to PEL 82 and PEL 37, to BP, and is expecting to conduct significant activities on these licences over the coming 12-24 months, including seismic acquisition, reprocessing and potential exploration well

Sintana’s investment in Maravilla provides the firm with an indirect 35% interest in PEL 37

Home Fossil Energy DNO cashes out of Côte d’Ivoire as Panoro deepens African offshore gas drive August 20, 2026, by Norway’s oil and gas player DNO is exiting Côte d’Ivoire by divesting its business in the West African country to Panoro Energy, raking in an estimated 24% annualized return on its investment while handing its Norwegian peer a gas-weighted production base that will boost output by about 23% and deepen its presence in the region’s gas market. Marlin platform; Source: Foxtrot International DNO has d

“We look forward to establishing an excellent cooperation with the field partners including the operator Foxtrot International, the national oil company of Ivory Coast Petroci, Seci and also the Ministry of Mines, Petroleum and Energy

The firm intends to finance the purchase through a combination of equity, comprising the issuance of seven million new shares to DNO, and debt, entailing a fully placed $50 million senior unsecured bond issuance