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Equatorial Guinea
Petrobras looks for further acquisitions in Africa

After an initial investment in São Tomé and Principe, the Brazilian major is planning to take on the role of operator for two offshore blocks in the Gulf of Guinea. And it's not likely to stop there. [...]

Published on 13/02/2024 at 05:40 GMT Reading time 2 minutes

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Energy

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Equatorial Guinea
Africa Oil
Luiz Inacio Lula da Silva
Petrobras
Shell
Stellar Advisors

Spotlight | Africa
From Cape Town to Gulf of Guinea, Brazilian giant Petrobras' African renaissance

Brazil's state-owned Petrobas is making a comeback in oil exploration in Africa. A host of countries are jockeying to attract the oil giant, which has however reportedly reduced its investment budget for 2025 by several billion dollars.

Subscribers only Energy 21.10.2024

Brazil’s President Luiz Ignacio Lula da Silva talks to Petrobras President Magda Chambriard, in Rio de Janeiro State, Brazil, on 13 September 2024.

Spotlight | Namibia
Oil majors jostle for Galp's golden opportunity in Orange Basin

A dozen energy firms including majors Shell and TotalEnergies are competing to buy the Portuguese group's licence and rights to operate in the largest discovery ever made in the Orange Basin off the Namibian coast.

Subscribers only Energy 12.09.2024

Galp Energia headquarters in Lisbon on 27 July, 2024.

South Africa
Lundin Group says its goodbyes to Africa

The family-owned Swedish group is little by little withdrawing from its oil and gas activities on the continent. The chief executives of Africa Oil and Africa Energy Corp have already left.

Subscribers only Energy 08.07.2024

Benin
CNPC and Petrobras set their sights on block 4

Oil majors interested in Benin's offshore potential are being skilfully played off against each other by President Patrice Talon and his energy minister, Samou Seidou Adambi.

Subscribers only Energy 02.07.2024

Equatorial Guinea
Africa Oil's plan to sell some of its assets as quickly as possible

The new boss of Canadian junior Africa Oil, Roger Tucker, has appointed bankers to dispose of a significant share of the company's Equatorial Guinean offshore assets.

Subscribers only Energy 03.10.2023

Spotlight | Namibia, South Africa
Namibia eclipses South Africa as TotalEnergies, Shell and ENI hone in on new El Dorado

Namibian offshore, now seen as a new frontier for exploration after TotalEnergies and Shell's discoveries there, is whetting many appetites. South Africa in contrast is struggling in the shadow of the burgeoning new giant.

Subscribers only Energy 17.05.2023

Namibia
TotalEnergies' huge discovery pushes up bidding on Venus

The Orange Basin, home to two of the largest crude oil discoveries in Africa in recent decades, is currently the focus of intense competition that could lead to record-breaking deals.

Subscribers only Energy 24.05.2022

Angola
Galp plans offshore exit to finance cash calls for Africa and Brazil

The Portuguese firm is seeking to divest its interests in two Angolan producing blocks operated by Chevron. It is reorganising its portfolio in order to finance cash calls on its most promising blocks in Africa and in Brazil.

Subscribers only Energy 18.05.2022

Nigeria
Nigerian billionaire Elumelu teams up with Tullow Oil and Gran Tierra in hope for Shell success

The recent sale of the Shell Petroleum Development Co in 2021 is whetting the appetite of many international and national investors. To maximise his chances of obtaining the Anglo-Dutch major's onshore assets, businessman Tony Elumelu is putting together a formidable consortium.

Subscribers only Energy 07.04.2022

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Luiz Inacio Lula da Silva
Petrobras
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Stellar Advisors

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Equatorial Guinea
Petrobras looks for further acquisitions in Africa

This article may be accessed by subscribers

Do you want a free trial before subscribing?

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create a free account

Set up email notifications for these topics

Spotlight | Africa
From Cape Town to Gulf of Guinea, Brazilian giant Petrobras' African renaissance

Spotlight | Namibia
Oil majors jostle for Galp's golden opportunity in Orange Basin

South Africa
Lundin Group says its goodbyes to Africa

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CNPC and Petrobras set their sights on block 4

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Angola
Galp plans offshore exit to finance cash calls for Africa and Brazil

Nigeria
Nigerian billionaire Elumelu teams up with Tullow Oil and Gran Tierra in hope for Shell success

Set up email notifications for these topics

About Africa Intelligence

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Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

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Indigo Publications' websites

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Equatorial Guinea Petrobras looks for further acquisitions in Africa

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

Spotlight | Africa From Cape Town to Gulf of Guinea, Brazilian giant Petrobras' African renaissance

Spotlight | Namibia Oil majors jostle for Galp's golden opportunity in Orange Basin

South Africa Lundin Group says its goodbyes to Africa

Benin CNPC and Petrobras set their sights on block 4

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Namibia TotalEnergies' huge discovery pushes up bidding on Venus

Angola Galp plans offshore exit to finance cash calls for Africa and Brazil

Nigeria Nigerian billionaire Elumelu teams up with Tullow Oil and Gran Tierra in hope for Shell success

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Equatorial Guinea
Petrobras looks for further acquisitions in Africa

Spotlight | Africa
From Cape Town to Gulf of Guinea, Brazilian giant Petrobras' African renaissance

Spotlight | Namibia
Oil majors jostle for Galp's golden opportunity in Orange Basin

South Africa
Lundin Group says its goodbyes to Africa

Benin
CNPC and Petrobras set their sights on block 4

Equatorial Guinea
Africa Oil's plan to sell some of its assets as quickly as possible

Spotlight | Namibia, South Africa
Namibia eclipses South Africa as TotalEnergies, Shell and ENI hone in on new El Dorado

Namibia
TotalEnergies' huge discovery pushes up bidding on Venus

Angola
Galp plans offshore exit to finance cash calls for Africa and Brazil

Nigeria
Nigerian billionaire Elumelu teams up with Tullow Oil and Gran Tierra in hope for Shell success