Oil is expected to see steady demand over the next decade regardless of which path the world takes, while natural gas demand will depend on the speed of the energy transition, according to the BP Energy Outlook 2025.

Shell has made its final investment decision on the $2 billion HI field gas project offshore Nigeria. The project is expected to finish before the end of the decade supplying 350 MMscf/D at its peak to support Nigeria's liquified natural gas (LNG) exports.

The nation’s oil and gas rig count saw a notable increase this past week, with the U.S. rig count rising by 7 to reach a total of 549 rigs. "Nationally, the gain of 7 rigs included an increase of oil rigs by 6 to 424 while the number of gas rigs declined by one to 117.”

Congo has signed a $23 billion deal with Chinese oil and gas company Wing Wah to develop the Banga Kayo, Holmoni, and Cayo blocks, targeting production of 200,000 B/D by 2030. The country projects cumulative output across the three permits to exceed 1.3 billion bbl by 2050.