AfrOil - Africa Oil & Gas
ExxonMobil-led consortium confirms $3bn Angola Block 15 investment
ExxonMobil (NYSE: XOM) has reiterated plans by the consortium operating Angola’s offshore Block 15 to invest about $3bn in the mature asset under a programme linked to extending its production-sharing contract through 2037.
Gasgroup targets NGX listing, eyes expansion into refining, power generation, data centres
Gasgroup, a Nigerian energy-services business not currently listed on the NGX, plans to seek admission of its existing shares to the Main Board of the bourse as it pursues expansion into refining, gas infrastructure, and power generation.
ReconAfrica launches $10.8mn offering for Namibia well production test
Canadian oil and gas explorer Reconnaissance Energy Africa (TSXV: RECO; NSX: REC) has launched a CAD15mn ($10.8mn) bought-deal offering to fund a horizontal sidetrack and production-testing programme at its Kavango West 1X well in Namibia.
Africa’s upstream expansion opens opportunities for oilfield services companies, says AEC
Africa’s expansion of new oil and gas projects and efforts to extend the life of mature fields are creating growing opportunities for oilfield services companies.
Egypt considers leasing second floating LNG storage unit to secure gas buffer
Egypt is evaluating chartering a second floating storage unit (FSU) with a capacity of 150,000 cubic metres in September 2026 to build an emergency natural gas buffer and hedge against delivery delays or potential declines in Israeli pipeline imports
Chariot signs deal to double Angola oil cash-flow exposure
Chariot has signed a framework agreement that could double its economic exposure to producing Angolan oil assets, adding future cash flows equivalent to about 4,000 bpd if Etu Energias completes its latest Block 14 acquisition.
Nigeria's Dangote considers petrol sales curbs for marketers that import fuel
Nigeria's Dangote Petroleum Refinery is considering restricting petrol sales to major marketers that also import fuel, escalating a dispute over the country's petrol import regime.
Etu Energias to buy Chevron stakes in Angola’s Block 14 for $260mn
Angola’s largest privately owned energy company, Etu Energias, has agreed to acquire Chevron’s interests in two offshore blocks for a base consideration of $260mn.
Asian diesel supplies to Africa to hit highest level in four and a half years in August
Asian diesel exports to Africa are set to reach their highest level in at least four and a half years in August, as disruption to Middle Eastern supplies forces African buyers to seek alternative cargoes.
African oil and gas reforms put arbitration in focus for investors
African oil and gas regulatory reforms and emerging disputes in countries such as Tanzania and Senegal are putting arbitration and investor protection higher on the agenda as companies seek greater certainty over long-term investments.
MSGBC gas projects shift focus to infrastructure and investment
The MSGBC Basin is moving from major discoveries towards project development, with Senegal and Mauritania seeking to build gas and LNG industries that can support exports and domestic energy needs.
Savannah Energy seven-month revenue rises 10% as Nigeria collections climb
Savannah Energy Plc has reported a 10% year-on-year rise in unaudited revenue to $160.6mn in the seven months to July 31, while cash collections from its Nigerian operations increased 13%.
South Sudan targets 200,000 bpd oil output as production recovers
South Sudan is targeting crude oil production of at least 200,000 bpd, up from about 175,000 bpd currently, as the government seeks to lift output from ageing fields and attract further petroleum investment.
Western Libya faces fuel depot and municipal shutdown threats as power crisis deepens
Escalating power cuts and prolonged load shedding across western Libya have triggered widespread civil unrest, with protesters threatening to shut down critical fuel distribution and municipal infrastructure
Equinor says attractiveness of stalled Tanzania LNG project has improved
Norwegian energy giant Equinor says the case for the long-stalled Tanzania LNG project has improved following the Middle East conflict.
Predator Oil & Gas prepares for onshore Moroccan MOU-6 drilling
Drilling plans for the MOU-6 well in Morocco are moving forward after Predator Oil & Gas (LSE:PRD) completed civil engineering work on the well pad and received crucial perforating gun explosives at a local port
Energean in talks to acquire BP’s Egyptian assets in potential $1bn deal
London-based gas producer Energean is in exclusive talks to acquire a portfolio of BP's Egyptian upstream oil and gas assets in a deal that could generate around $1bn for the British energy major
Malawi fuel hauliers withdraw trucks after transport rate cuts
Malawian fuel transporters have withdrawn at least 100 trucks from contracts after the Malawi Energy Regulatory Authority (Mera) cut fuel haulage rates by up to about 20%, The Nation reported on August 27.
Morocco’s Predator completes MOU-6 pad as exploration drilling nears
Predator Oil & Gas Holdings (LSE: PRD) has completed construction of the well pad for its MOU-6 exploration well in Morocco, while explosives needed for potential well testing have arrived in the country as preparations for operations advance.
Nigeria’s Dangote says petrol imports may push more fuel to export markets
Dangote Petroleum Refinery said rising petrol imports were making Nigerian demand harder to forecast and could push more surplus fuel into export markets, as official data showed imports rose while domestic petrol supply and consumption fell sharply
TAG Oil targets September completion of T-200 well in Egypt amid concession delays
TAG Oil (TSXV: TAO) expects to complete drilling and completion of its T-200 well in Egypt’s Western Desert by September 30, as regulatory delays continue to hold up the revised award and expansion of the Southeast Ras Qattara concession.
Energean enters exclusive talks over BP Egypt assets in potential $1bn deal
Energean (LSE: ENOG) is in exclusive talks to acquire a portfolio of BP oil and gas assets in Egypt in a transaction that could raise about $1bn for the British energy group, Reuters reported, citing two people involved in the process.
Tanzania convenes Ntorya gas talks as Aminex seeks progress on delayed project
Aminex said it is participating in Tanzanian government-convened talks aimed at advancing the Ntorya gas development, days after its subsidiary Ndovu Resources issued a notice of dispute to project operator ARA Petroleum Tanzania.
AEC warns Wild Coast ruling could deter investment in African oil and gas
The African Energy Chamber criticised the Wild Coast ruling, saying it could weaken South Africa’s energy security and discourage investment in African oil and gas projects.
Greenpeace welcomes Wild Coast ruling as boost for South Africa's communities and renewable energy
Advocacy group Greenpeace International has welcomed South Africa’s Constitutional Court ruling against Shell’s Wild Coast exploration, saying it strengthens the rights of coastal communities and supports a shift towards renewable energy.
Ghana Gas shifts profits into infrastructure as expansion drive accelerates
Ghana Gas Company plans to reinvest earnings in infrastructure and expansion after improving profitability, as the state-owned gas company seeks to strengthen the reliability of fuel supplies to power plants and industry.
Libya signs production-sharing deal with Chevron for Sirte basin
Libya’s Tripoli-based Government of National Unity (GNU) has signed a production-sharing agreement with US energy major Chevron (NYSE:CVX) to develop the country’s oil and gas resources
Nigeria regulator lists 19 upstream licences with 2026 expiry dates
An August concession report from Nigeria’s upstream petroleum regulator lists 19 licences with stated expiry dates in 2026, although the dates do not by themselves mean the concessions have been revoked or cancelled.
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