AfrOil - Africa Oil & Gas
Nigeria’s Dangote refinery buys Brazilian crude amid supply shortfalls
Nigeria’s Dangote refinery has purchased crude oil from Equatorial Guinea and Brazil as domestic suppliers become increasingly unreliable.
South Africa's first onshore LNG producer Renergen ups output by 22%
South Africa’s first liquefied natural gas (LNG) producer, Renergen has reported a 21.97% increase in output to 1,371 tonnes (t) from the previous quarter's production of 1,124t.
Oil prices surge on Trump threat to slap tariffs on Russian oil
Should tariffs come into force, Russian flows to its key customers could drop, tightening supply and potentially prompting OPEC+ to act to stabilise the market, according to Rystad.
Mozambique gripped by fuel shortage on hard currency crunch
A shortage of foreign currency, especially dollars, has precipitated an acute fuel shortage in Mozambique.
Nigeria to reclaim dormant oil assets under 'drill or drop' clause
Nigeria will commence the repossession of dormant oil assets from companies that have failed to develop them, in a move aimed at boosting production and revitalising the country's energy sector.
Tinubu replaces NNPCL chief executive in major restructuring of national oil company
President Bola Tinubu has removed Mele Kyari from his position as Group CEO of the Nigerian National Petroleum Company Limited (NNPCL) and appointed Bayo Ojulari, an engineer, as his successor.
Valaris secures $352mn drillship contract offshore West Africa
Valaris, the New York Stock Exchange-listed offshore drilling contractor, has secured a two-year contract worth $352mn for its ultra-deepwater drillship VALARIS DS-10, with operations set to commence offshore West Africa in late Q2 or early Q3 2026.
Nigerian Navy tackles crude theft in Delta State
The Nigerian Navy has increased its efforts in fighting crude theft and pipeline vandalism, locating and deactivating three illegal refining sites last week in Oteghele, Delta State.
Ghana advances gas infrastructure with second processing plant approval
Ghana’s cabinet has approved plans to develop a second gas processing plant, a move aimed at maximising the country’s 2.1 trillion cubic feet of gas reserves to support electrification and industrialisation.
Uganda to see $2.81bn oil and gas investment in 2025
Uganda’s Petroleum Authority (PAU) has announced that oil and gas companies are expected to invest at least $2.81bn domestically in 2025 up from $2.44bn last year.
ADNOC subsidiary XRG completes acquisition of Galp’s stake in Mozambique’s Rovuma Basin LNG projects
XRG, a wholly owned subsidiary of the UAE’s Abu Dhabi National Oil Company (ADNOC), has completed its acquisition of Portuguese oil and gas company Galp Energia’s 10% interest in the Area 4 concession in Mozambique’s Rovuma Basin.
Uganda signs agreement with UAE company for oil refinery stake
Uganda has entered into an agreement with UAE-based Alpha MBM Investments to acquire a 60% stake in the Kabale refinery, located in the country's Hoima region.
Aquaterra Energy to provide subsea well intervention package for Intrepid Energy’s project in Nigeria
Offshore engineering solutions provider Aquaterra Energy has secured a multi-year contract with global offshore field developer Intrepid Energy Limited to provide a bespoke subsea well intervention equipment package for a project in Nigeria.
South Africa’s Democratic Alliance demands clarification over Gazprombank’s withdrawal from PetroSA deal
South Africa’s Democratic Alliance party has called on Mineral and Petroleum Resources Minister Gwede Mantashe and PetroSA to explain the collapse of the Gazprombank deal to revive PetroSA’s Mossel Bay gas-to-liquid refinery.
MRS Oil Nigeria to delist from Nigerian Exchange following strong 2024 earnings
MRS Oil Nigeria has announced its intention to voluntarily delist from the Nigerian Exchange Limited (NGX), following the release of its full-year financial results for 2024, which showed a significant improvement in both revenue and profit
Nigerian Exchange chairman appointed to Africa Oil Corp board amid leadership overhaul
South African legislators deem strategic fuel reserves “insufficient” to address potential major supply disruptions
Members of South Africa’s Portfolio Committee on Mineral and Petroleum Resources have expressed concern over the limited availability of the country’s strategic crude oil reserves.
Nigerian oil company NNPCL advances plans for public listing under 2021 reform mandate
Nigeria's state-owned oil corporation NNPCL is entering the final phase of preparations for an initial public offering (IPO), in a strategic effort to transition into a fully commercial entity as mandated by the Petroleum Industry Act (PIA) of 2021.
Ghana to raise $1.1bn in 2025 to settle Eni gas debt
Ghana’s government plans to raise $1.1bn in 2025 to settle outstanding payments owed to Italian energy giant Eni for gas supply, as financial strain mounts in the country’s energy sector.
EACOP secures first tranche of financing as East African oil pipeline construction advances
EACOP Ltd. has secured the first tranche of external financing for the East African Crude Oil Pipeline (EACOP), with funding from a syndicate of financial institutions
Multiple explosions occur at oil facility in Rivers State, Nigeria
An oil facility in River State has suffered multiple explosions, putting Nigeria’s refineries and oil sector in a more precarious position.
Egyptian energy company Petrojet completes $1.5bn oil projects in 2024
Egyptian energy company Petrojet completed 265 projects in 2024 with a business volume exceeding EGP 80bn ($1.58bn).
Astron Energy to invest $328mn to meet South Africa's clean fuels specifications by 2027
Swiss commodity trader Glencore's South African subsidiary, Astron Energy (Astron), has committed to investing $328mn towards meeting a 2027 deadline for the supply of cleaner fuel in the continent's most industrialised nation.
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