AfrOil - Africa Oil & Gas

Angola oil firm Sonangol restates plan to sell 30% shares to boost private investment

Oil and gas explorer Custos Energy announces discoveries at Mopane-3X in PEL 83 offshore Namibia

Namibian independent oil and gas explorer Custos Energy has released an update on the second exploration and appraisal campaign on blocks 2813A and 2814B located in Namibia’s highly prospective Orange Basin.

Afreximbank to drive $1bn oil service financing in Guyana

Afreximbank has announced plans to establish a $1bn oil service financing facility in Guyana, aiming to boost local participation in the country's rapidly expanding oil sector.

Shipping companies fight against biofuel regulations

Offshore Energy reported this week that numerous shipping companies had called on the International Maritime Organization to remove “unsustainable” biofuels from its list of alternative fuel sources.

South African Sasol rules out LNG as possible feedstock for its operations

Global LNG demand to surge 60% by 2040 on Asian economic growth

Global demand for LNG is expected to rise by around 60% by 2040, driven by economic growth in Asia, emissions reductions in heavy industry and transport and the increasing energy requirements of AI.

Nigerian LNG producer to compensate Vitol and Glencore $380mn

Nigeria LNG has been ordered by a London court to pay $380mn in compensation to energy and commodity traders Glencore and Vitol for failure to deliver 19 ordered cargoes.

Cyprus sees progress in development of offshore gas resources

In recent weeks several agreements and understandings have been reached between the Republic of Cyprus and the parties involved in the development of its offshore gas fields.

West Africa Gas Pipeline eyes expansion amid maintenance works

INTERVIEW: Integrating AI with data and experience

AI is rapidly gaining traction in the oil, gas, and renewable energy sectors, as companies seek cost reductions, emissions control and safety improvements.

Malawi seals direct fuel supply deal with the UAE

Oil is a major source of income for eight African countries – OWID

Oil production plays an important role in the economy of many African countries. The chart shows oil rents as a percentage of gross domestic product (GDP) for the nine African nations most reliant on it, Our World in Data reports.

Kenya pushes regional pact for Eldoret-Kampala-Kigali fuel pipeline

African Energy Chamber to discuss opportunities for Chinese firms at Shanghai energy investor forum

The Invest in African Energies forum is part of a series of global events, organised by the AEC, to explore new opportunities for Chinese companies in Africa,

Egyptian petroleum utility signs agreement with SLB to launch smart drilling solutions

Mozambique slashes fuel prices by 18% as dollar surges in value

Tanzania to auction 26 oil and gas exploration blocks in March

Ghana explores 24-hour economy in petroleum sector to boost growth

Egypt repays additional $1bn of overdue debts to foreign oil partners

TotalEnergies exits Burkina Faso with sale to Coris Investment Group

MEC calls for increased role of Mozambican firms in oil and gas sector development

At the Invest in African Energies: Mozambique Roundtable, MEC’s chairman spoke of an opportunity for local firms to increase their role in the market largely dominated by foreign players.

OPEC+ considers increasing production

OPEC+ is currently deciding on whether to delay a collection of monthly supply increases that were previously scheduled to start in April.

Brazil set to join OPEC+ but says it will opt out of cartel's output cuts

Brazil has approved joining OPEC+, marking the country's emergence as a major oil producer just months before it hosts the UN climate conference.