AfrOil - Africa Oil & Gas

Ghana makes first offshore discovery in five years in block ExxonMobil gave up

Ghana has discovered hydrocarbons in an offshore block relinquished by ExxonMobil five years ago, opening a new exploration frontier as the country seeks to reverse declining oil production.

Ghana agrees roadmap with Tullow Oil on $393mn tax bill, reaffirms $2bn Jubilee and TEN plan

The arbitration loss left Tullow facing a bill close to the proceeds of its recent asset sales, at a time when it is concentrating on Ghana.

Cameroon’s state crude sales fall 14% to $426mn in H1 as first-quarter volumes slump

Cameroon’s sales of crude oil marketed on behalf of the state fell 20.8% year on year to XAF237.9bn ($425.6mn) in the first half of 2026, as a slump in volumes early in the year outweighed a sharp rise in oil prices in the second quarter.

Nigeria says foreign groups eye $21bn oil and gas investment under non-binding MoUs

Nigeria’s oil minister says two unnamed foreign investor groups are considering investments worth a combined $21bn.

Egypt seeks to accelerate gas pipeline and oil refining projects with Libya

Egypt is seeking to accelerate energy cooperation with Libya, including natural gas pipeline connections, crude oil refining arrangements and electricity interconnection projects

QatarEnergy expands Namibia exploration portfolio with Chevron deal

QatarEnergy has agreed to acquire a 25% stake in an offshore exploration licence in Namibia from US oil major Chevron, expanding its presence in the country.

Libya advances $8bn offshore gas development projects

Egypt signs $42.2mn Cheiron offshore exploration deal as gas output declines

Egypt has signed a natural gas and oil exploration agreement with Cheiron for the East Alexandria Offshore concession in the Mediterranean Sea

Mozambique seeks to shield public finances from $7.2bn Coral Norte gas financing

Mozambique has stipulated that financing of up to $7.2bn for Eni's Coral Norte floating liquefied natural gas (LNG) project must not impose debt or fiscal liabilities on the state.

South Sudan seeks energy investment at Juba conference in November

South Sudan will seek new investment in oil exploration, production, refining and electricity infrastructure at the seventh South Sudan Oil & Power (SSOP) conference, scheduled for November 24–25 in Juba.

Egypt seeks faster progress on energy projects with Libya covering gas, refining and electricity

Egypt deepens industrial gas cuts as MOPCO faces 33% reduction and Ezz Steel reportedly loses 30%

Congo seeks investment to lift oil output and expand LNG exports - AEC

NJ Ayuk, AEC's executive chairman, visited Brazzaville to discuss Congo’s energy sector and investment priorities with the Ministry of Hydrocarbons.

Nigeria's oil production deferred by 42.55mn barrels in 2025 amid pipeline outages

Nigeria deferred approximately 42.55mn barrels of crude oil and condensate production in 2025 because of pipeline outages, terminal disruptions and equipment failures, with the affected output carrying an estimated gross market value of $2.97bn.

Nigeria-listed oil and gas firms’ 9M profit falls 9.6% despite 59% revenue surge

Seven companies in the Nigerian Exchange’s oil and gas sector recorded a 9.6% year-on-year decline in combined profit after tax to NGN525.3bn ($390mn) in the first nine months of 2026, even as revenue rose by about 59% to NGN11.81 trillion.

Nigeria’s NNPCL courts ADNOC, other investors for $25bn–$26bn Atlantic gas pipeline to Morocco

Nigeria's state-owned Nigerian National Petroleum Company Limited is seeking investors for the African Atlantic Gas Pipeline, a Nigeria-to-Morocco project that Chief Executive Bashir Bayo Ojulari put at $25bn-$26bn.

Nigeria seeks investors for $26bn Morocco gas pipeline as phased development takes shape

Nigeria's state-owned Nigerian National Petroleum Company (NNPC) is seeking international investors for the proposed $25bn–$26bn Nigeria–Morocco Gas Pipeline

Poland's Orlen prepares third exploration well in Libya's Murzuq Basin for November

Mozambique advances Matola LNG import terminal as Sasol's PPA gas production declines

A Mozambican group, Beluluane Gas Company (BGC), has appointed the VGI/PRDW consortium as owner's engineer for its planned liquefied natural gas (LNG) import terminal at Matola.

Libya’s diplomatic thaw masks dinar slide and central bank fight

Libya’s inflation hit 16.6% in September as a contested central bank appointment, an oil revenue dispute and a pipeline closure test diplomatic gains.

Mozambique’s ENH begins first offshore drilling campaign through Saipem venture at Coral Norte

Mozambique’s state-owned ENH has begun its first direct operational participation in offshore gas drilling through a joint venture with Italy’s Saipem (BIT:SPM), as development advances at the Coral Norte FLNG.

SAPETRO agrees to acquire 40% of Nigeria’s OPL257 ahead of Egina South appraisal

South Atlantic Petroleum (SAPETRO), a Nigerian oil and gas exploration and production company, has signed a farm-out agreement with TotalEnergies to acquire a 40% participating interest in Nigeria’s offshore OPL257 block.

Gulf of Guinea oil regains strategic appeal as global energy shocks mount – Carnegie

A Carnegie analysis says the Gulf of Guinea holds 4.5% of global oil reserves and could help Western markets bypass Middle East chokepoints.

Africa’s $40bn upstream investment outlook hinges on project delivery, says AEC

Africa’s upstream oil and gas sector is expected to attract around $40bn in annual investment, but production growth through 2030 will depend on how quickly operators secure final investment decisions and bring projects into operation.

Nigeria’s NNPCL September revenue rises to $3.4bn trillion as hydrocarbon output edges up

Nigeria’s state-owned NNPC Ltd reported September revenue of NGN4.61 trillion ($3.4bn), up 23.3% from NGN3.74 trillion in August, as total hydrocarbon production edged higher.

Dangote’s Lamu refinery puts Kenya’s shelved Turkana oil pipeline back in play - presidential advisor

​A senior adviser to Kenyan President William Ruto has said Aliko Dangote’s planned refinery in Lamu makes a long-shelved crude pipeline from the South Lokichar oilfields in Turkana County bankable

Ghana’s GNPC Explorco targets Voltaian Basin spud in Q4 as it bids for independent operatorship

GNPC Explorco, the upstream arm of Ghana’s state oil company, is sticking to a fourth-quarter 2026 target to drill the Voltaian Basin’s first well since 1974, as falling offshore output raises the stakes.

Uganda and Tanzania tighten oversight of $5bn oil pipeline

Uganda and Tanzania have agreed to strengthen cooperation in overseeing the construction and future operations of the East African Crude Oil Pipeline (EACOP), as the 1,443km project approaches completion

Spain's Moeve agrees to sell stakes in three Algerian oilfields to Indonesian Pertamina

Mauritania signs two offshore oil and gas exploration contracts with Murphy Oil

Mauritania has signed two exploration and production contracts with US energy company Murphy Oil Corporation (NYSE: MUR) covering the offshore C10 and Tiof blocks