AfrOil - Africa Oil & Gas
Nigerian energy firm Oando to seek shareholder approval to raise $327mn
Oando Plc (Oando), a Nigerian multinational energy company, has announced a plan to raise about $327mn locally or on foreign capital markets.
Gulf Energy to acquire Tullow Oil’s Kenya assets in $120mn deal
Gulf Energy, through its Mauritius-based affiliate Auron Energy, has signed a sale and purchase agreement with Tullow Oil to acquire the British firm's entire stake in Kenya for a minimum cash consideration of $120mn.
Zambia inks deal for construction of a $1bn crude oil refinery
Refinery and cassava cultivation and processing deals Zambia's IDC signed with Chinese corporations amount to over $2bn.
Reconnaissance Energy Africa provides update on Kavango 1X exploration prospect in Namibia
Canadian oil and gas company Reconnaissance Energy Africa (ReconAfrica) has provided an operational update on the Kavango West 1X exploration prospect in Namibia.
Ghana’s GOIL defies oil market shocks with profit surge, urges fuel permit reforms
Ghana’s state-owned oil marketing giant GOIL PLC has posted robust financial gains in the first quarter of 2025, shrugging off market instability and persistent supply-chain bottlenecks to deliver a 12% year-on-year profit increase.
EU and UK sanction Dubai-based operator of Gabon and Comoros ship registries tied to Russian oil exports
Nigeria: Port Harcourt refinery suffering from funding shortfall, PETROAN says
The Petroleum Products Retail Outlets Owners Association of Nigeria’s (PETROAN) national public relations officer Joseph Obele revealed this week that Nigeria’s 210,000 barrel per day (bpd) Port Harcourt refinery was yet to resume operations.
Nigeria’s FIRST E&P signs MoU with Tanzania’s TPDC to explore Mnazi Bay North gas block
Nigeria among top five global gas flaring nations as volumes reach 20-year high
Nigeria recorded one of the largest increases in gas flaring in 2024, placing it among the top five global contributors, the World Bank’s Global Gas Flaring Tracker report shows.
US crude imports from Nigeria fall 12.7% y/y in first five months of 2025 but remain largest from Africa
The United States imported $1.34bn worth of Nigerian crude oil between January and May 2025, maintaining Nigeria’s position as its top African oil supplier despite a 12.7% year-on-year decline and new tariff-related trade tensions.
Nigeria’s BINL and Ondo government to develop $15bn refinery and trade zone
Backbone Infrastructure Nigeria Limited (BINL) and the Ondo State government have announced plans to develop a $15bn oil refinery and free trade zone in the Ilaje Local Government Area.
Nigeria’s Dangote refinery upgrade to 700,000 bpd enters final phase
The Dangote Petroleum Refinery in Nigeria has entered the final stage of an upgrade that will increase its refining capacity from 650,000 barrels per day (bpd) to 700,000bpd, with completion targeted for the fourth quarter of 2025.
Nigeria to host regional conference aimed at standardising West Africa’s refined fuel market
Nigeria this week will host the first-ever West African Refined Fuel Conference, a high-level gathering aimed at shaping a unified regional fuel market across the subcontinent, the country’s petroleum regulator announced.
Tanzania-focused Aminex provides operational update for Ntorya gas project
Tanzania-focused oil and gas exploration and development company Aminex has provided investors with an operational update on the Ntorya gas development.
Russia eyes gas find offshore Mauritania formerly held by BP
Russian oil and gas companies may begin developing the BirAllah gas field on Mauritania’s continental shelf as early as this year.
Ghana charges former petroleum regulator in $28mn corruption and money laundering case
Ghana’s anti-corruption agency has charged the ex-head of the country’s petroleum regulatory body and six others in connection with a $28mn graft and money laundering scheme.
Ghana warns of painful reforms as energy sector overhaul deepens
Ghana’s Energy Minister has warned that citizens must brace for “tough but necessary” measures as the West African nation presses ahead with reforms aimed at rescuing its ailing energy sector.
Mozambique set to construct new 240,000 bpd refinery
African independent Aiteo has signed a large engineering, procurement and construction (EPC) agreement for a new 240,000 barrel per day refinery in Mozambique.
Egypt’s record diesel imports deepen Europe’s supply crunch
Egypt has sharply increased its diesel imports to record levels in July 2025, worsening the ongoing supply squeeze across Europe.
Uganda eyes first oil exports in 2026 as EACOP enters final year of construction
Uganda has entered the final 12-month phase of the East African Crude Oil Pipeline, with engineers expecting the full 1,443-kilometre pipeline and infrastructure to be complete by mid-2026,
NGOs sue US Exim for extending $5bn loan to TotalEnergies' gas project in Mozambique
Environmental activists have filed a lawsuit in the US against the US Export-Import Bank (EXIM) for reapproving a $5bn loan to a $20bn liquefied natural gas (LNG) project in Mozambique.
Kenya Pipeline, NEMA ordered to pay $23.12mn in landmark oil spill case
A Kenyan court has ordered Kenya Pipeline Company Ltd. (KPC) and the National Environment Management Authority (NEMA) to jointly pay over KES 3bn ($23.12mn) for compensation and environmental restoration following a 2015 oil spill.
Libya leads Africa in proven crude oil reserves at 48.36bn barrels
Libya continues to lead Africa in proven crude oil reserves, holding steady at 48.36bn barrels, data from OPEC’s 2024 annual statistical bulletin show.
Venezuela criticises energy sanctions at OPEC seminar in Vienna
Venezuela's Vice President Delcy Rodriguez has used a major oil industry gathering to condemn international sanctions on energy producers again, warning they threaten global supply security and undermine investment in the sector.
Follow us online