AfrOil - Africa Oil & Gas

Nigeria declares state of emergency following pipeline explosions during unrest in Rivers State

Nigeria’s President Bola Tinubu on March 18 declared a state of emergency in Rivers State following explosions at two oil pipelines.

Nigerian association IPMAN denies opposing petrol price drop by Dangote, NNPCL

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has refuted claims that it stood against plans by 650,000 barrels per day (bpd) Dangote Refinery and the Nigerian National Petroleum Co. Ltd. (NNPCL) to cut petrol prices.

Egyptian Arab Petroleum Pipelines (SUMED) raises paid-in capital to $600mn

Equatorial Guinea reopens 2025 oil and gas licensing to boost investment

Equatorial Guinea has reopened its oil and gas licensing process for 2025, seeking to attract investment and boost hydrocarbon production through regulatory reforms and fiscal incentives

Nigeria’s Dangote Refinery announces plans to close for maintenance in June

Algeria plans to extend LNG supplies to Iraq within three months

Iraq negotiates first LNG deal with Algeria

South African LNG producer Renergen dispatches first commercial helium shipment

Namibian independent oil and gas explorer Custos provides update on PEL87 in Orange Basin

Namibian independent oil and gas exploration company Custos Energy has provided an update on developments associated with blocks 2713A and 2713B governed by Petroleum Exploration Licence (PEL) 87 in Namibia's Orange Basin.

Dangote refinery in Nigeria begins polypropylene production

Since its commissioning in January 2024, the refinery has gradually expanded operations, producing various petroleum products, including diesel and aviation fuel.

Libyan Sirte Oil and Gas completes drilling of development well in Matkhandoush field

Shell completes sale of Nigerian onshore assets to Renaissance

Shell has finalised the sale of its Nigerian subsidiary, the Shell Petroleum Development Company of Nigeria (SPDC), more than a year after announcing its divestment.

US to lend $4.7bn to TotalEnergies for stalled Mozambique LNG project

TotalEnergies’ long-delayed Mozambique LNG project appears back on track after the US Export-Import Bank greenlighted a $4.7bn loan.

Kenya Pipeline pre-tax profit surges 32% to $77.13mn amid expansion

Britain’s Savannah Energy acquires SIPEC, boosting Nigerian oil and gas reserves

The London-listed Savannah Energy has completed its acquisition of Sinopec International Petroleum Exploration and Production Company Nigeria Ltd (SIPEC), significantly increasing its reserves and resources in Nigeria.

Shell to invest $300mn in Egypt's West Delta Deep Offshore Concession

Nigeria’s domestic refineries struggle to compete with fuel imports

Foreign trade data compiled by the National Bureau of Statistics has shown that the cost of fuel imports increased significantly in Nigeria despite refineries coming back online in 2024.

Egypt plans to lease floating gas liquefaction unit from Germany

Libya’s Mabruk oilfield resumes production after decade-long shutdown