On November 4, 2025, Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, announced a new international bid round for oil and gas exploration in four blocks within the Red Sea. The announcement was made at the ADIPEC 2025 conference.

Africa’s oil and gas industry is on the verge of a major surge in mergers and acquisitions (M&A) set for 2026. This trend is driven by international companies realigning their portfolios and new licensing rounds opening up fresh exploration opportunities. Here are the key takeaways from the "State of African Energy 2026 Outlook": Consolidation is Key:  The African oil and gas sector is expected to see "significant consolidation" in 2026, particularly among midsize and indepen