AfrOil - Africa Oil & Gas

Heirs Energies JV launches digital operations centre for Nigeria’s OML 17

Nigeria’s Heirs Energies OML 17 Joint Venture (JV) has launched an Integrated Operations Monitoring Centre (IOMC), a digital control centre developed with Redtech, the technology arm of Heirs Holdings.

African Energy Chamber calls for greater funding support for young energy entrepreneurs

The African Energy Chamber (AEC) has called for stronger financial support for young entrepreneurs to help expand energy access across Africa after taking part in the Powering Possibility forum in Johannesburg, South Africa.

Morocco earmarks $640mn to expand fuel storage capacity

QatarEnergy, ExxonMobil, Cyprus strike deal to exploit gas discovery off Cypriot coast

QatarEnergy, ExxonMobil and Cyprus have signed a commercial discovery declaration for the Glaucus and Pegasus gas fields in Block 10 offshore Cyprus, advancing plans to exploit the country’s offshore gas resources.

Energy statistics show we remain an overwhelmingly fossil fuel-based world

Renewables are growing fast, but oil and gas by far still dominate the global energy system.

Nigerian oil marketer Conoil profit falls 75% in 2025 amid soaring borrowing costs

Conoil's 2025 net profit fell 75% as finance costs nearly tripled amid Nigeria's high interest rates, overshadowing resilient revenue and continued investment.

Mozambique, Tanzania regulators sign oil and gas cooperation pact

Mozambique and Tanzania have signed a petroleum cooperation agreement to strengthen regulation, technical capacity and oversight of the gas-rich Rovuma Basin.

Eco Atlantic secures Namibia approval for PEL 98 farm-out as offshore portfolio advances

Eco Atlantic has received final ministerial approval to farm out its 85% stake in Namibia's offshore PEL 98 to Lamda Energy, a key regulatory milestone as the explorer advances projects across Namibia, South Africa, Guyana and the Falkland Islands.

Nigeria imports Libyan crude for first time as Dangote refinery diversifies feedstock

Nigeria imported Libyan crude for the first time as the 650,000-bpd Dangote refinery diversified feedstock amid domestic supply shortages despite the country's strong crude output.

Nigeria's Seplat Energy wins two honours at Nairametrics Capital Market Awards 2026

Seplat Energy has been named Energy Company of the Year and Dividend Paying Company of the Year at the Nairametrics Capital Market Awards 2026, in recognition of its financial performance and shareholder returns

Regulatory reforms revive investment in Angola’s offshore oil sector

Angola’s offshore oil sector is attracting renewed investment after years of declining production and delayed project development.

Nortrans secures Angola offshore contract for ExxonMobil-operated block

Singapore-based offshore accommodation provider Nortrans Offshore (Nortrans) has secured a two-year contract for its 500-person capacity Nor Spirit flotel to support offshore operations on Angola’s Block 15.

Rwanda, Kenya sign fuel import deal through Northern Corridor

Rwanda and Kenya have signed a MoU to enable Rwanda to import refined petroleum products through Kenya's Northern Corridor under a Government-to-Government (G2G) arrangement, giving the landlocked country access to Kenya.

EU's oil and gas suppliers push back against methane regulation

The US, Qatar, Nigeria and Algeria have warned the EU that its methane regulation could disrupt oil and gas supplies to Europe unless the bloc clarifies the rules and introduces targeted amendments.

Italian Eni starts up major offshore Sabratha gas compression project in Libya

Italy’s energy major Eni, in partnership with Libya’s state-owned National Oil Corporation (NOC), has commenced hydrocarbon production from the Sabratha Compression Project

Egypt launches $90mn initiative to raise natural gas production, targets El-Hamra Port expansion

Nigeria's crude oil export earnings jump 30% in Jan-May despite lower volumes

Nigeria exported 148.9mn barrels of crude oil worth $14.66bn in the first five months of 2026, as higher global oil prices offset lower export volumes, while domestic refiners renewed calls for stricter crude supply obligations.

Angolan crude discounts deepen as global oil oversupply pressures market

Angolan crude oil is reportedly facing some of its steepest price discounts in more than a decade as a growing glut of global supply and weakening demand from China weigh heavily on the market.

Cameroon fuel distributor Tradex proposes $18.3mn dividend after resilient 2025

Tradex's board also reaffirmed support for strategic projects being developed by the SNH Group, including the CSTAR project, which envisages construction of a refinery and petroleum storage terminal at the Kribi deep-water port.

Zimbabwe's Muzarabani gas resources could power 500MW plant for 1,000 years, expert estimates

Zimbabwe’s proven natural gas resources in the Cabora Bassa Basin could generate enough electricity to run a 500-megawatt (MW) power station for up to 1,000 years, according to Mining Zimbabwe on June 25.

Morocco converts ONHYM into joint-stock company to support $25bn Africa-Atlantic Gas Pipeline

ONHYM will have expanded financing powers as the state advances the $25bn Africa-Atlantic Gas Pipeline, a 6,900-km project expected to transport Nigerian natural gas to Morocco via 13 West African countries.

Ghana to begin Voltaian Basin oil drilling by end-2026, President Mahama says

President John Mahama has announced that Ghana will begin onshore oil exploration drilling in the Voltaian Basin this year, as the West African producer seeks to expand its hydrocarbon reserves beyond its ageing offshore fields.

Tower Resources secures Namibian approval for PEL96 farm-out deal

Tower Resources (AIM: TRP) has received formal approval from Namibia’s government for the farm-out of its offshore PEL96 licence to Prime Global Energies, clearing the final outstanding condition required for completion of the transaction.

Mozambique's Coral North FLNG advances, awards Japanese group MODEC mooring system contract

MODEC said it will work with the Technip Energies-JGC joint venture to support the integration and delivery of the project, which is being developed by Eni.

Eni in early talks with contractors as it advances plans for third FLNG project offshore Mozambique

Eni (BIT:ENI) has begun early contractor discussions for a third floating LNG facility offshore Mozambique, signalling continued expansion of its Rovuma Basin gas developments.