AfrOil - Africa Oil & Gas

Turkey launches new gas exploration projects with Libya

Turkey is launching new oil and gas exploration projects with a number of countries, including Libya, Iraq, Somalia, and Azerbaijan, Energy Minister Alparslan Bayraktar said in a statement.

Ghana provides update on oil and gas investment opportunities at Invest in African Energies: Accra Briefing

The Invest in African Energies: Accra Briefing on April 14 provided an update on the latest developments in Ghana’s oil and gas sector, highlighting upstream and downstream strategic investment opportunities.

Gunvor, ADNOC reportedly shortlisted to buy Shell’s downstream assets in South Africa

The UAE’s Abu Dhabi National Oil Company (ADNOC) and Swiss energy commodities trader Gunvor are among companies that have been shortlisted to buy British energy supermajor Shell’s downstream assets in South Africa.

Crude prices climb by 5% amid Trump tariffs & OPEC+ output cuts

Crude oil prices have increased by 5%, pushed by US sanctions on Iran that were aimed at damaging ‘teapot’ refineries in China, and additional output cuts from the Organisation of the Petroleum Exporting Countries and its allies (OPEC+).

Chinese-Egyptian JV to design Red Sea petrochemicals complex

A joint venture (JV) consisting of Chinese and Egyptian companies has signed an agreement for the preliminary design of the first phase of the Red Sea Petrochemicals Complex project, set to be constructed at Ain Sokhna in the Gulf of Suez.

NNPCL cuts petrol price to $0.58 per litre in Abuja, Nigeria

The Nigerian National Petroleum Co. Ltd. (NNPCL) has lowered the price of petrol in Abuja following an announcement from 650,000 barrels per day (bpd) Dangote refinery.

Canada’s ReconAfrica expands into Angola’s Etosha-Okavango basin with major acreage acquisition

Reconnaissance Energy Africa (ReconAfrica) has secured a significant position in Angola’s Etosha-Okavango basin, acquiring 5.2mn net acres through an agreement with the national oil regulator.

Morocco to issue tender for floating LNG terminal

Morocco is set to issue a tender for a floating LNG terminal on the country’s northeastern coast.

Turkey’s Tupras orders Nigerian crude in boost for Nigeria’s oil exports

Turkey’s largest oil refinery, Tupras, placed significant new orders for Nigerian crude oil for delivery between March and April, providing a major boost to Nigeria’s oil export ambitions at a crucial time for its 2025 fiscal planning,

Goldman Sachs warns of potential further devaluation of Nigerian naira amid oil price pressures

Goldman Sachs has warned that Nigeria’s naira could face further devaluation as persistently low global oil prices undermine the government's 2025 budget projections.

Egypt now covers more than 90% of actual fuel cost, says PM Madbouly

BP announces first cargo from Greater Tortue Ahmeyim LNG project in Mauritania, Senegal

BP has safely loaded the first cargo of liquefied natural gas from the offshore Greater Tortue Ahmeyim LNG project on the maritime border between Mauritania and Senegal.

Angola’s Lobito Refinery project looks for an additional $4.8bn to fill funding gap

Angola’s state-owned oil company Sonangol is searching for $4.8bn to fill a gap in funding for the country’s 200,000 barrel per day Lobito Refinery project.

Kaduna Refinery rehabilitation reaches 81% completion amid push to cut fuel imports

The Kaduna Refinery rehabilitation project has reached 81% completion, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced.