AfrOil - Africa Oil & Gas

Egypt postpones planned natural gas price hike for industries

The Egyptian government postponed the implementation of a planned increase in natural gas prices for industrial users, which was originally set to take effect on August 1

Ghana’s Engen rebrands as MISA Energy, aims to lead Africa’s petroleum future

Engen Ghana has rebranded as MISA Energy Ghana Limited, marking a major strategic shift in its ambition to become a leading African energy company,

Nigeria-Morocco Gas Pipeline project advances towards construction phase

The $25bn Nigeria-Morocco Gas Pipeline (NMGP) project is nearing the start of its construction phase. The 6,000-kilometre infrastructure initiative has gained momentum following high-level meetings in Rabat in July.

ExxonMobil returns to Libya after 10-year hiatus with new exploration deal

Libya’s National Oil Corporation (NOC) signed a memorandum of understanding (MoU) with US energy major ExxonMobil, signalling the company’s return to Libya after a decade-long suspension of operations due to security concerns.

Nigeria: EFCC refutes rumours regarding NNPCL CEO’s alleged resignation

Nigeria’s Economic and Financial Crimes Commission (EFCC) has denied claims that it had placed the CEO of the Nigerian National Petroleum Co. Ltd. (NNPCL) Bayo Ojulari under duress in a bid to see the official resign.

Kenya clears stalled Lake Gas shipment of LPG after safety concerns resolved

Nigeria's oil production tops 1.8mn bpd in July for first time since November 2024

Nigeria’s oil production exceeded 1.8mn barrels per day (bpd) in July for the first time since November 2024, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed.

Afreximbank leads $4bn Dangote Refinery refinancing with $1.35bn anchor contribution

African Export-Import Bank (Afreximbank) has led a $4bn refinancing deal for Dangote Industries Limited (DIL), providing $1.35bn as anchor lender in a syndicated facility aimed at refinancing the Dangote Petroleum Refinery and Petrochemicals Complex.

OPEC+ to raise oil production in September

Eight key OPEC+ countries have announced a production adjustment of 547,000 bpd for September

Nigeria’s Dangote Refinery appoints new CEO, outlines Africa-wide expansion plan

Dangote Refinery has appointed David Bird as chief executive officer of its fuels and petrochemicals division, assigning him responsibility for scaling operations, addressing design setbacks, and expanding the company’s presence across Africa.

Libya’s main Sharara oilfield hits highest output in seven years

Libya’s Sharara oilfield, the country’s largest, has reached its highest production level since 2018, pumping 310,970 barrels per day (bpd).

Kenyan MPs halt $23.26mn NOCK-Rubis deal over fears of secret asset handover

Kenyan lawmakers have suspended a KES3bn ($23.26mn) agreement between the National Oil Corporation of Kenya and French-owned Rubis Energy Kenya, warning it could lead to the quiet transfer of strategic state assets to a private company without public

Ghana eyes regional fuel hub role

Reconnaissance Energy Africa starts drilling Kavango West 1X exploration well in Namibia

Canadian oil and gas explorer Reconnaissance Energy Africa (ReconAfrica) has announced the spudding of the onshore Kavango West 1X exploration well located within Petroleum Exploration Licence (PEL) 73 in northeast Namibia.

Egypt raises natural gas prices for industries amid rising import costs

The Egyptian government has increased the natural gas prices supplied to industrial sectors, starting from August 1

Aquarius Energy acquires stake in giant oil storage site in South Africa

Aquarius Energy, a joint venture focused on fuel supply and logistics has completed its acquisition of Oiltanking’s 37% stake in Oiltanking MOGS Saldanha (OTMS), Africa's largest oil storage site, located on the West Coast of South Africa.

Dangote to list refinery on Nigerian Exchange "very soon" to boost local participation

Aliko Dangote has announced plans to list his multibillion-dollar oil refinery on the Nigerian Exchange "very soon", a move aimed at allowing Nigerians to purchase shares and participate in the country’s oil and gas sector.

Ivory Coast grants new offshore oil block to Italy’s Eni amid expanding energy push

Libya’s crude oil production increases to 1.4mn barrels per day, says NOC

Libya’s National Oil Corporation (NOC) announced a notable increase in daily production rates of crude oil, gas, and condensates over the past 24 hours. Crude oil output reached approximately 1.4mn barrels per day.

Nigeria's Seplat Energy reports $1.4bn H1 revenue as production rises

Seplat Energy reported revenue of NGN2.167 trillion ($1.4bn) for the first half of 2025, nearly four times higher year-on-year, as average oil production rose to 134,492 barrels of oil equivalent per day (boepd).

Kenyan fuel prices spike as subsidy fund collapses

The Kenyan government is currently facing financial pressure as pump prices climb to their highest levels in years while the country’s fuel subsidy fund remains depleted, according to Uzalendo News.

Some 22 dead, 1,200 arrested as fuel price hike protests in Angola turn deadly

At least 22 people have been killed, 197 injured and more than 1,200 arrested in Angola following protests prompted by a recent fuel price increase.

Tanzania orders EACOP to accelerate community projects amid rising costs

Tanzania’s government has directed the East African Crude Oil Pipeline (EACOP) Company to speed up the rollout of community service initiatives and allocate sufficient funding for them.

Nigeria: Aliko Dangote demands halt to fuel imports

Africa’s richest man and CEO of Dangote Group Aliko Dangote pushed the Nigerian government to ban fuel imports as part of its ‘Nigeria First’ policy this week, underscoring the poor quality of imported goods.