AfrOil - Africa Oil & Gas
Nigeria domestic refinery crude deliveries jump 88% in Q2
Nigeria’s crude oil and condensate deliveries to domestic refineries jumped 88.4% quarter on quarter in the second quarter of 2026, marking a sharp improvement in the country’s Domestic Crude Supply Obligation (DCSO).
San Egypt secures $18.6mn Eni contract for Iraq’s Zubair oilfield
Egyptian maintenance company (San Egypt / EMC) secured an international tender issued by Italy’s energy firm, Eni, to supply electrical equipment for the Zubair oilfield operational area in Basra, Iraq, under a contract valued at $18.6mn
Egypt launches international licensing round offering 14 gas exploration blocks
Egypt’s Ministry of Petroleum and Mineral Resources has launched its 2026 international bid round for crude oil and natural gas exploration, offering 14 new blocks to global and domestic energy companies to stimulate foreign investment
US giant ExxonMobil targets Mozambique LNG investment decision this year
ExxonMobil (NYSE: XOM) intends to take a final investment decision (FID) on the $20bn Rovuma LNG project in Mozambique later this year, marking a major step towards developing one of Africa's largest liquefied natural gas ventures, Lusa reported.
Meren advances Nigeria drilling and Namibia Venus growth plans
Meren Energy raised its 2026 EBITDAX guidance to $390mn-$430mn and cash-flow guidance to $235mn-$260mn as it prepares to restart deepwater drilling across its Nigerian portfolio in Q4.
Dangote plans 70% debt funding for $16bn Kenya refinery
Nigerian billionaire Aliko Dangote plans to finance 70% of the proposed $16bn oil refinery in Lamu, Kenya, with debt, putting lenders on course to provide about $11.2bn for the project.
Ganope targets $250mn investment to expand upstream activities in Southern Egypt
The South Valley Egyptian Petroleum Holding Company (Ganope) plans to deploy $250mn in capital expenditures over the next five years to increase crude production and expand upstream exploration across its concession areas
Meleiha gas facility to start operations in Egypt’s Western Desert in September
Egypt’s Ministry of Petroleum and Mineral Resources announced that the Meleiha gas plant in the Western Desert will come online in September 2026, with an initial capacity of around 100mn cubic feet of natural gas per day
Nigeria approves deep-water oil framework aimed at unlocking up to $50bn
Nigeria has approved a new incentive framework for deep-water oil and gas projects that the government says could unlock as much as $50bn in investment as it seeks to accelerate offshore development and raise production.
Libya declares state of emergency in Zawiya after drone strikes
Libya's state-run National Oil Corporation (NOC) declared a state of maximum emergency in the northwestern city of Zawiya after a fuel storage tank collapsed
Nigeria oil-import FX demand jumps 115% to $4.86bn in 2025
Nigeria’s foreign exchange spending on oil-sector imports jumped 114.91% to $4.86bn in 2025 from about $2.26bn a year earlier, reflecting continued reliance on imported petroleum products despite increased domestic refining capacity
Tanzania, Uganda sign Vitol deal for Tanga energy hub that could draw over $20bn
Tanzania and Uganda have signed a non-binding agreement with Vitol Bahrain to develop a regional energy hub at Tanzania’s Port of Tanga, in a project that could attract more than $20bn in investment
Sasol and Envision Energy advance study of potential green hydrogen system in South Africa
South Africa’s chemicals and energy group Sasol (JSE:SOL, NYSE:SSL) and China’s green technology company Envision Energy are studying the potential development of a green hydrogen system at Sasol’s Sasolburg operations in South Africa.
AEC backs Venezuela’s push to attract upstream investment
Venezuela is seeking to attract more upstream investment as recent reforms provide a clearer framework for oil and gas development, the African Energy Chamber said after meetings with senior Venezuelan officials.
Libya's NOC warns drone attacks could force shutdown of Zawiya refinery
Libya's National Oil Corporation (NOC) has warned that continued drone attacks on energy installations in Zawiya could force it to declare force majeure and completely halt operations at the country's largest functioning refinery.
Israel's Ratio raises bid for Egypt-Vietnam-focused Pharos oil player, outplaying Serica
Israel’s Ratio Petroleum has raised its all-cash offer for London-listed Pharos Energy to £146.4mn ($198mn) after a rival approach from Serica Energy, narrowly topping Serica's bid and winning back the backing of the Pharos board.
Nigeria faces EITI review over extractive sector reforms
Nigeria is undergoing a new Extractive Industries Transparency Initiative (EITI) assessment as international validators examine progress in transparency and accountability across the country’s oil, gas and mining sectors.
Mozambique’s Rovuma LNG moves closer to FID as McDermott receives letter of intent
Africa’s largest private investment inches closer to making a financing decision.
Angola lawmakers back tax incentives for six offshore oil blocks
Angola's parliament has approved a bill authorising President João Lourenço to legislate on additional tax incentives for six offshore oil concession blocks, a move aimed at improving the commercial viability of high-risk exploration projects.
Namibia central bank urges lenders to build oil and gas expertise
Namibia's financial sector must strengthen its technical expertise, governance and risk management capabilities to participate sustainably in the country's emerging oil and gas industry, Bank of Namibia Governor Ebson Uanguta has said.
Egypt targets 100mn cubic feet daily gas boost in October through 5 new wells
The Egyptian government plans to add around 100mn cubic feet of natural gas per day (mcf/d) to its production grid in October 2026 by linking five new onshore and offshore wells, requiring investments of $95mn.
Uganda growth set to accelerate to 8.7% as oil production starts, IMF says
Uganda's economic growth is projected to accelerate to 8.7% in the 2026/27 fiscal year from 6.1% in 2025/26 as the country begins commercial oil production, the IMF said.
Russia starts importing gasoline from Morocco as drone strikes gut its refineries
Russia has begun importing gasoline from as far away as Morocco after Ukrainian drone strikes cut its refining capacity to a two-decade low, Euromaidan Press reported on August 6, with a cargo loaded at Tangier discharged at the Arctic port of...
Orange Basin development highlights contrasting approaches to oil exploration in Namibia and South Africa
Namibia and South Africa are taking different approaches to developing the Orange Basin, with regulatory certainty and environmental litigation emerging as key factors influencing future oil investment.
Nigeria's Tinubu credits reforms for surge in NGX-listed corporate profits
Nigeria’s President Bola Tinubu has credited his administration’s economic reforms with driving sharp first-half profit growth at several companies listed on the Nigerian Exchange, particularly in oil and gas
Tanzania, Uganda sign MoU for Tanga energy hub targeting over $20bn in investment
Tanzania and Uganda have signed a memorandum of understanding (MoU) to jointly develop the Tanga Regional Energy Hub, a project expected to attract more than $20bn in investment as the two countries seek to deepen energy cooperation beyond crude oil
Nigeria targets up to $50bn from 22 offshore oil and gas projects
Nigeria expects 22 offshore oil and gas projects planned for 2026-30 to attract $30bn-$50bn in investment, supporting higher production as the country records its strongest crude output in more than six years.
Angola's Katambi-2 appraisal well confirms gas discovery potential
Angola has strengthened the commercial prospects of its Katambi gas discovery after the successful drilling and testing of the Katambi-2 appraisal well confirmed high-quality reservoirs and strong production rates, ANPG said in a statement.
Uganda delays $4bn Kabaale refinery investment decision to 2027 as first oil nears
Uganda has postponed the final investment decision (FID) for its planned $4bn Kabaale oil refinery to February 2027, delaying the country's flagship downstream energy project until after commercial crude production is expected to begin
Ghana fuel retailer PETROSOL cleared to list on stock exchange
Ghanaian oil marketer PETROSOL Platinum Energy PLC has won approval from the Ghana Stock Exchange and the Securities and Exchange Commission to raise long-term capital on the bourse, the company's managing director said.
ExxonMobil and QatarEnergy advance plans to route Cyprus gas through Egyptian infrastructure
Plans to route offshore gas discoveries in Cyprus through Egyptian infrastructure are entering their operational phase following talks among Egypt’s Ministry of Petroleum and Mineral Resources, ExxonMobil and QatarEnergy.
Ghana outlines new comprehensive methane management framework for oil and gas industry
Ghana’s Environmental Protection Authority (EPA) has unveiled technical requirements for inspecting and monitoring methane emissions from oil and gas operations, as the country moves to implement tighter controls on leaks, venting and flaring.
Egypt’s Ganope to award 7 oil and gas concessions in Upper Egypt and Red Sea
Egypt's South Valley Egyptian Petroleum Holding Company (Ganope) is in the process of awarding seven new concession areas for oil and gas exploration across Upper Egypt and the Red Sea
Tullow raises 2026 cash-flow forecast on stronger Ghana production
Tullow Oil (LSE:TLW; GSE:TLW) has raised its full-year free-cash-flow forecast to $170mn-$250mn from $70mn-$175mn after stronger production from its Ghanaian fields, higher realised oil prices and progress in recovering government receivables.
Vaalco targets higher Gabon output after new Etame wells
Vaalco Energy (NYSE:EGY; LSE:EGY) is advancing a drilling campaign at its Etame Marin oilfield offshore Gabon after three new development wells delivered combined initial gross production of more than 14,850 bpd.
Follow us online