AfrOil - Africa Oil & Gas

Dangote says marketers, not NNPCL, are frustrating his refinery in Nigeria

Legal victory for Renergen brings regulatory clarity to South Africa’s gas sector

South African natural gas and helium producer Renergen has achieved a landmark legal victory that brings much-needed regulatory clarity to South Africa’s petroleum sector.

Escalated tensions in Port Sudan to affect South Sudan’s resumed oil exports

Drone attacks and escalated struggles in Port Sudan are expected to affect South Sudan’s main oil exports, a few days after the country announced the repair of its oil pipeline. Port Sudan is currently under attack by Sudan’s paramilitary RSF.

Nigerian president, NNPCL fail to tackle ongoing issues with refineries, FIJ says

Nigerian Warri refinery staff shut down operations over ‘workplace slavery’

Support workers of the Warri Refining and Petrochemical Co. (WRPC) in Nigeria’s Delta State have staged a protest against alleged “workplace slavery,” halting all operations at the 125,000bpd plant on May 5.

Tanzania seeks to greenlight $42bn LNG project by October

The Tanzanian government is seeking to finalise terms on a long-delayed $42bn LNG export terminal with international oil and gas companies by October.

ASX-listed Kinetiko Energy launches study to improve gas flow at South African project

Australia’s Kinetiko Energy (Kinetiko) is undertaking optimisation activities at its gas project in northeastern South Africa after its first two production wells initially achieved low gas flows.

Shell reportedly eyes BP takeover in $300bn tie-up

While Shell is on an upward trajectory, BP’s disappointing share performance has fuelled speculation that it could be targeted for takeover.

Canadian oil and gas explorer Sintana Energy highlights strong upstream momentum offshore Namibia

Publicly traded Canadian oil and natural gas exploration company Sintana Energy has shared new details around exploration activities offshore Namibia.

Ghana’s oil woes deepen as investors shun sector for fifth year running

Ghana failed to attract a single new petroleum agreement in 2024, extending a worrying five-year trend that signals waning investor confidence in the country’s upstream oil and gas sector, according to the latest annual report by the Public In

South Africa’s energy minister says gas-to-power plants should run at higher load factor

South Africa’s Electricity and Energy Minister Kgosientsho Ramokgopa has said that the load factor for proposed gas-to-power plants will be increased from 25% to over 50%.

Kenya’s TotalEnergies posts 51% profit drop in 2024 on weaker sales, rising finance costs

TotalEnergies Marketing Kenya Plc, a subsidiary of French energy major TotalEnergies SE, reported a 50.8% drop in net profit to KES1.4bn ($10.79mn) for the year ended December 31, 2024, down from KES3bn ($23.12mn) in 2023.

TotalEnergies plans to restart Mozambique LNG project by mid-2025

French energy supermajor TotalEnergies has confirmed its plans to resume operations on the Mozambique liquefied natural gas (LNG) project by mid-2025.

Kenya backs $61.78mn Tanzanian Kilifi LPG terminal despite safety concerns

Kenya’s Energy and Petroleum Cabinet Secretary has endorsed a KES 8bn ($61.78mn) liquefied petroleum gas (LPG) storage facility in Vipingo, Kilifi County, dismissing safety and regulatory concerns raised by local authorities and environmentalists.

India and Angola deepen ties with energy, defence and tech partnerships

ndia and Angola have agreed to strengthen their strategic partnership across energy, digital infrastructure, space technology and defence

Okomu Oil Palm Company posts 39.8% rise in pre-tax profit for first Q1 2025

The Okomu Oil Palm Company reported a 39.8% increase in pre-tax profit for the first quarter of 2025, driven by a 33.6% rise in turnover from palm oil and rubber sales, according to the company’s latest financial statements.

OPEC+ members agree to add to production levels

A core group within the OPEC+ alliance has pressed ahead with plans to increase crude oil production for a third consecutive month

Egypt to resume annual imports of 12mn barrels of Basra crude oil

Egypt plans to resume the import of 12mn barrels of Basra crude oil from Iraq, starting in Q3 of 2025, following a suspension that lasted approximately a year and a half.

Ghana faces looming blackout as Karpowership threatens shutdown over unpaid debts

Ghana’s energy sector is teetering on the brink of collapse as Turkish power producer Karpowership has issued a seven-day ultimatum to shut down operations over unpaid bills, the country’s Energy Minister warned

Eterna reports $870,000 pre-tax profit for 1Q25 as foreign exchange losses ease

Eterna made a NGN1.4bn ($870,000) pre-tax profit for the first quarter of 2025, surpassing its forecast of NGN756mn ($470,000), driven primarily by the elimination of foreign exchange losses, the company's published financial statements revealed.