AfrOil - Africa Oil & Gas

Losers and winners from the Qatari LNG disruption

While European and Asian importers have been hit hard by the disruption in Qatari LNG to varying degrees, the crisis has both short- and long-term benefits for US exporters and other LNG competitors.

Nigeria fuel subsidy removal boosts oil gains while raising consumer costs

Nigeria’s removal of fuel subsidies is improving its ability to benefit from rising oil prices while increasing short-term costs for consumers

Nigeria’s petrol imports drop 29% to $10bn as Dangote refinery boosts local supply

Nigeria’s petrol import bill fell 28.88% year on year to $10bn in 2025 as domestic refining capacity expanded, driven by increased output from the Dangote Refinery.

Egypt plans LNG imports worth up to $3bn ahead of summer demand

Egypt’s Ministry of Petroleum and Mineral Resources is currently studying a plan to import around 45 liquefied natural gas (LNG) cargoes at an estimated cost of between $2.5bn and $3bn.

Libya begins towing damaged Russian LNG tanker off its coast

Libya has begun operations to tow a damaged Russian liquefied natural gas (LNG) tanker that has been stranded off its coast since early March

Apache discovers new gas field in Egypt’s Western Desert

Egypt has announced a new natural gas discovery in the Western Desert, as US energy major Apache (NASDAQ: APA), in partnership with the Egyptian General Petroleum Corporation (EGPC), expands its exploration activities in the country.

Ukraine keen to buy LNG from Mozambique, both countries' presidents agree to maintain regular contact

Ukraine is scouting for alternative sources of gas following the disruption of supplies over the past month due to the armed conflict between Israel and Iran.

Nigeria’s oil and gas stocks lead equities rally in 2026

Nigeria’s oil and gas stocks have led gains on the local bourse, lifting the NGX Oil & Gas Index by 60.83% year to date as of March 18 and making it the best-performing sector in a broader equities rally,

Nigeria posts crude oil and condensate output shortfall of 16.6mn barrels in January-February

Nigeria produced about 16.6mn fewer barrels of crude and condensate than budgeted in January–February 2026, equivalent to roughly $1.8bn at current prices

Crude market volatility reflects Trump administration’s unpredictable war moves, says analyst

The US has temporarily lifted sanctions to permit the sale and delivery of Iranian oil, allowing for up to 140 million barrels of crude to enter global markets over the coming weeks.

Egypt moves to fully clear $1.3bn dues to oil partners by end-June 2026

The Egyptian government is doubling its efforts to settle outstanding payments to foreign oil and gas partners to restore investor confidence and support production growth. It moves to fully clear $1.3bn dues to oil partners by end-June 2026

Italy’s PM Meloni heads to Algeria to secure gas supplies amid Qatar disruptions

Italian PM Giorgia Meloni is set to visit Algeria on March 25 as the European country seeks to secure alternative gas supplies following disruptions to imports from Qatar

Libya’s El Feel oilfield halted as pipeline diverted after Sharara fire

Libya’s El Feel oilfield has been shut down since March 19 after its pipeline was repurposed to transport crude from the Sharara field following fire damage.

BP and Arcius Energy to drill four new gas wells in Egypt’s Mediterranean

UK energy major BP and Arcius Energy are preparing to drill four new gas wells offshore Egypt as part of a broader push to expand exploration activity in the Mediterranean.

Iran war drives Egypt’s energy bill higher amid surging import costs

Egypt faces mounting pressure from an annual energy bill approaching $20bn, as global geopolitical tensions driven by the US-Israeli strikes on Iran and domestic production challenges complicate efforts to secure sustainable energy supplies

Libya to tow damaged Russian shadow fleet LNG carrier to port

The vessel was struck by Ukrainian sea drones.

Nigeria steps up $20bn gas pipeline push to supply Europe

Nigeria is intensifying talks on a proposed $20bn gas pipeline to Europe, aiming to deliver up to 30bn cubic metres of gas annually and strengthen both its economy and European energy security

Nigeria’s Dangote refinery exports 456,000 tonnes of fuel across Africa

Nigeria’s Dangote refinery has exported 456,000 tonnes of fuel to five African countries, signalling a shift in regional supply dynamics amid rising demand and global disruptions.

Egypt among most ill-equipped to withstand Iran war energy shock long term

Egypt is among the least equipped to absorb a long-term oil shock owing to weak macro buffers, leaving it highly sensitive to rising import costs, FX pressure, and fiscal strain.

Corcel well-funded for oil drilling in Angola following $4.8mn fund raise

Corcel Plc (AIM: CRCL), an Angola-Brazil-focused energy company, has raised $4.8mn which it will use to advance into the planning and preparation phase for drilling its first pre and post-salt exploration well at its KON-16 project in Angola.

Refined oil products caught in Iran war energy shock maelstrom

The sharp rise in refined oil product prices is intensifying the economic fallout from the latest energy shock, compounding the effects of disrupted crude flows and tightening supply chains.

Namibia's Nasan Energies gets regulatory approval to acquire 52 fuel stations from Vivo Energy

Namibia’s Nasan Energies (Nasan) has received regulatory approval to acquire 52 Shell and Engen-branded fuel service stations in the country from Vivo Energy plc's (LSE:VVO) local subsidiary.

UN experts oppose African Development Bank's $150mn loan to gas project in restive Mozambican region

A team of UN experts has expressed concern over a recent decision by the African Development Bank (AfDB) to grant a $150mn loan to support the construction of a liquefied natural gas (LNG) project in Mozambique.

Angola's Cabinda oil refinery construction complete, undergoing final technical testing before start-up

Construction of Angola’s second oil refinery is complete, with its commissioning expected within days.

Arcius Energy plans to drill two Mediterranean gas wells in Egypt

Arcius Energy is set to begin drilling two new gas exploration wells in Egypt’s Mediterranean waters as part of a broader campaign to expand upstream activity

Europe shifts to African LNG amid Middle East, Russia disruptions as Nigeria, Senegal boost supply

Mozambique Energy Chamber withdraws from London Africa Energies Summit

The Mozambique Energy Chamber (MEC) has announced that its members will withdraw from attending the Africa Energies Summit hosted by Frontier Energy Network in London on May 12 – 14.

Dangote and marketers partner to expand Nigeria fuel supply network

Dangote Petroleum Refinery has partnered with major fuel marketers to expand Nigeria’s fuel distribution network and reduce supply risks associated with reliance on a single producer

TotalEnergies to accelerate building of $20bn LNG project in Mozambique as Islamist insurgency ebbs

TotalEnergies has said the security situation in northern Mozambique has improved, thus the company will continue constructing its liquefied natural gas (LNG) project there.

Libya discovers 1 trillion cubic feet of offshore gas in Bahr Essalam

Libya has announced a new offshore gas discovery estimated at around 1 trillion cubic feet.