AfrOil - Africa Oil & Gas
Dubai-based Dragon Oil and international firms to bid for BP’s West Nile Delta Egypt gas assets
Dubai-based Dragon Oil, alongside Carlyle Group (NASDAQ:CG), Energean (LSE:ENOG), and Artemis Energy, is preparing to submit bids shortly to acquire British energy major BP’s (LSE:BP) natural gas assets in the West Nile Delta offshore Egypt
Egyptian authorities refute drone strike claims, confirm Damietta Port fire contained
Egyptian security sources and official authorities have explicitly denied reports circulating from maritime security firms claiming that a drone strike targeted Damietta Port
US funds engineering study for $4.5bn Morocco ammonia project
The US Trade and Development Agency will fund an engineering study for a planned $4.5bn ammonia project near Laayoune in Western Sahara, targeting annual production of up to 560,000 tonnes.
Nigeria LNG revenue exceeds $149.6bn as dividends reach $47.2bn
Nigeria LNG Limited has generated more than $149.6bn in cumulative revenue, paid over $47.2bn in dividends and remitted more than $10.8bn in taxes as it advances the Train 7 expansion.
Nigeria records Africa’s sharpest petrol price rise during Middle East conflict, MEMAN says
Nigeria recorded a 39.5% petrol price surge during the first half of 2026, the sharpest increase in Africa, according to MEMAN, as Middle East conflict disrupted oil markets and shipping.
EU expands African naval missions to track Russian shadow fleet
The EU has expanded the mandates of two naval operations off Africa to collect intelligence on vessels linked to Russia’s shadow fleet and suspected sanctions evasion
Tanzania proposes gas pipeline to supply Uganda and Kenya
Tanzania has proposed a cross-border natural gas pipeline to supply Uganda and Kenya as it seeks to expand regional energy trade and strengthen its role as an energy supplier in East Africa.
Libyan army regains control of Mellitah oil and gas complex following protests
Libya’s Government of National Unity (GNU) announced that military forces have secured the Mellitah oil and gas complex, restoring gas flow to domestic power plants after angry demonstrators forcibly shut down the facility
AEC, ENH strengthen partnership to support Mozambique’s energy investment drive
The African Energy Chamber and Mozambique’s national oil company ENH have agreed to strengthen cooperation in attracting investment, expanding local content and increasing private-sector participation as the country’s gas industry grows.
TotalEnergies, Eni approve Cyprus' Cronos gas field via Egyptian infrastructure
French TotalEnergies and its Italian counterpart Eni took Final Investment Decision to develop the Cronos gas field offshore Cyprus, establishing a subsea pipeline route to process and liquefy the gas in Egypt before exporting LNG to Europe
Cheaper Brazilian and Guyanese crude challenges West Africa's export dominance
Latin American crude is displacing West African grades in Europe and China as lower prices outweigh stronger refining yields, signalling a structural shift in global oil trade and pricing dynamics.
Saipem secures Baleine Phase 3 contract in Côte d’Ivoire
Saipem has secured an engineering and construction contract from Eni Côte d’Ivoire and its project partners for Baleine Phase 3, the latest development stage of the offshore oil and gas field.
Uganda pushes expected start of commercial oil production to September
Uganda expects to begin commercial oil production in September, shifting from an earlier target of first oil by July 31 as work continues on the Tilenga and Kingfisher developments and the East African Crude Oil Pipeline (EACOP).
Egypt purchases spot LNG cargoes for August delivery
Egyptian energy companies have contracted additional spot cargoes of liquefied natural gas (LNG) for delivery in August 2026 to manage surging peak-summer electricity demand
Ghana tightens fuel controls as upstream petroleum revenue misses target
Ghana plans tighter controls on refined petroleum movements, bunkering and customs procedures after upstream oil and gas revenue fell about 31% below target in the first half of 2026.
Mozambique aims to turn LNG investment into broader economic growth
Mozambique is seeking to convert more than $50bn of planned LNG investment in the Rovuma Basin into long-term economic growth by expanding local industry, creating jobs and strengthening the role of domestic businesses.
SERAP sues Nigeria's NNPCL to get records explaining $155bn in receivables, liabilities
SERAP has sued the Nigerian National Petroleum Company Limited (NNPCL) seeking detailed records explaining more than $155bn in receivables and liabilities reported in the state-owned oil company’s 2023 audited accounts.
Somali pirates hold hijacked Tanzanian-flagged tanker after Gulf of Aden seizure
A Tanzanian-flagged fuel and chemical tanker seized in the Gulf of Aden last week has been taken into Somali waters and is now being held by suspected Somali pirates, according to residents in Somalia's semi-autonomous Puntland region
Nigerian Navy detains vessel and 12 crew over suspected oil theft
The Nigerian Navy has detained a vessel and its 12 crew members after recovering about 682.82 metric tonnes of suspected stolen petroleum products during an intelligence-led operation in Akwa Ibom State
OPEC and the next surplus
A post-war return of constrained barrels could tip today’s uneasy balance into oversupply, forcing OPEC+ back into a market-share struggle it may no longer control.
Egyptian petroleum product exports top $2.3bn in H1 2026
Egypt’s petroleum product exports reached over 2.3mn tonnes during H1 2026, generating nearly $2.3bn and matching the total export volume achieved in all 2025
BP to add 80mn cubic feet of gas daily from offshore Mediterranean well
Egypt’s petroleum sector, in partnership with British energy major BP (LSE:BP), is preparing to bring the North Fayoum-4 offshore well in the Mediterranean Sea into production
Indian group Vulcan invests $160mn to electrify Mozambique coal mine
Miner Vulcan has invested about $160mn to electrify its Moatize coal mine in Mozambique, a move aimed at cutting diesel consumption, improving operational efficiency and reducing the environmental footprint of one of Africa's largest coal operations.
Nigeria’s 2025 oil licensing round triggers multi-million-dollar tie-breakers
Nigeria’s 2025 oil and gas licensing round produced several tie-breaker contests, with companies raising signature bonus offers by millions of dollars to secure preferred or reserve positions for upstream assets.
Germany launches programme to commercialise Nigeria’s flared gas
Germany has launched a programme to help Nigeria recover value from gas flaring, which costs the country an estimated $1.5bn annually while contributing to greenhouse gas emissions
Capstone Energy+ to deploy flare gas recovery turbine at Gabon oilfield
Capstone Energy+ has signed a 36-month lease with Maurel & Prom to supply a 600-kilowatt microturbine for flare gas recovery at an onshore oilfield in Gabon.
Eco Atlantic advances Namibia, Guyana and South Africa exploration partnerships
Eco (Atlantic) Oil & Gas said it made significant progress across its Atlantic Margin exploration portfolio during the financial year ended March 31, as agreements with BP and Navitas Petroleum advanced projects in Namibia, Guyana and South Africa.
US-based Quantum Capital eyes long-term energy portfolio in Egypt
US energy investment firm Quantum Capital Group is exploring investment opportunities across Egypt’s oil and gas sector with plans to build a long-term investment portfolio
Mozambique eyes over $50bn energy investment to drive industrialisation
Energy projects under development in Mozambique's Rovuma Basin represent investments exceeding $50bn, with the government seeking to use the developments to accelerate industrialisation, create jobs and strengthen local businesses, AIM reports.
Brent tops $100 as Houthi strikes on Saudi tankers threaten Red Sea route
Brent crude broke $100 a barrel on July 23 for the first time since May 26 after Houthi forces struck two Saudi tankers in the Red Sea, threatening the export route Riyadh has used to bypass the closed Strait of Hormuz.
D3 Energy starts two-well helium drilling programme in South Africa
Australian helium and natural gas explorer D3 Energy (ASX:D3E) has started a two-well drilling programme at the Nooitgedacht area of its wholly owned ER315 permit in South Africa’s Free State province.
TGS, Ghana launch seismic imaging project for underexplored Keta Basin
Norwegian energy data group TGS (OSE:TGS) has signed an agreement with Ghana’s Petroleum Commission to create a unified 3D seismic volume over the offshore Keta Basin, as the country seeks to revive exploration and reverse declining oil production.
Saipem wins $260m Eni drilling contract in Côte d’Ivoire
Saipem has secured a contract worth about $260m from Eni (BIT: ENI) to provide offshore drilling services in Ivory Coast, with operations expected to begin in early 2027
Madagascar fuel import reform raises Russian oil sanctions concerns
Fuel distributors warn that Madagascar’s proposed expansion of state control over petroleum imports could expose companies and customers to products supplied by sanctioned entities, particularly if the country deepens energy ties with Russia.
Aminex seeks resolution after operator proposes work programme changes to Tanzania gas project
Tanzania-focused upstream oil and gas company Aminex is in talks with its partners to resolve a dispute over the development of Tanzania’s Ntorya gas field after the project’s operator proposed cutting this year’s work programme.
Tanzania’s Taifa Gas nears completion of $124mn Mombasa LPG terminal to challenge Kenya import duopoly
Taifa Gas, Tanzania's largest LPG distributor, controlled by billionaire Rostam Aziz, is nearing completion of a $124mn import and storage terminal in Kenya's port city of Mombasa, a project that will introduce a third major
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