AfrOil - Africa Oil & Gas

Ghana’s oil output stalls despite near-record production, PIAC warns of sectoral decline

Ghana narrowly missed matching its 2023 crude oil output by just 0.01%, equivalent to 7,000 barrels, according to the latest annual report by the Public Interest and Accountability Committee (PIAC).

Afreximbank launches $3bn revolving credit programme for intra-African petroleum imports

The African Export-Import Bank (Afreximbank), a pan-African multilateral financial institution, has launched a $3bn Revolving Intra-African Oil Import Financing Programme.

Nigeria may need to explore new options to meet growing LNG demand, analysts say

Africa’s LNG projects are attracting international investment owing to their scale and ability to serve growing global markets.

Nigeria’s Dangote refinery denies closing petrol unit for maintenance

Nigeria’s 650,000 barrels per day (bpd) Dangote refinery has denied shutting down its petrol processing unit for maintenance despite a report by Bloomberg claiming that it was undergoing maintenance on April 25.

Aradel Holdings reports sharp rise in quarterly earnings on higher crude output

NNPCL faces criticism over refinery shutdowns and operational failures

The Nigerian National Petroleum Company Limited (NNPCL) is facing growing criticism from industry figures and experts regarding its operational integrity.

OPEC+'s rise in oil output could trigger sharp fall in oil prices in 2027-28: Alfa Bank

OPEC+'s plans to raise oil production amid the US’ new protectionist trade policies could lead to a sharp decline in Brent crude prices in 2027-2028.

Iran and Niger sign joint cooperation document

US reportedly interested to invest in Morocco-Nigeria $25bn pipeline project

Canadian explorer Africa Oil provides update on Marula-1X drilling offshore Namibia

Canadian oil and gas Africa-focused exploration company Africa Oil Corporation (Africa Oil) has received an operational update from Impact Oil & Gas following the conclusion of Impact’s third drilling campaign offshore Namibia.

Seplat Energy reports record $764mn revenue in first quarter of 2025

Seplat Energy reported a record revenue of NGN1.228 trillion ($764mn) for the first quarter of 2025, marking a 357% year-on-year increase driven by higher production volumes following its acquisition of Seplat Energy Producing Nigeria Unlimited.

NNPC Gas Marketing to acquire 5.2mn standard cubic feet per day CNG facility from Gas Network Services

Lebanese firm seeks to freeze Kenya Pipeline Company’s accounts over unpaid debt

Zakhem International Construction Limited, a Lebanese company, has filed a case in Kenya’s Commercial Court seeking to freeze the bank accounts of state-owned Kenya Pipeline Company (KPC) over a $7.1mn debt.

United States expresses interest in Nigeria-Morocco gas pipeline

The pipeline will export Nigerian gas to Europe via North Africa.

Tanzania distances itself from fuel tankers seized by Iran

Morocco launches tender for first liquefied natural gas terminal

Morocco has launched a tender for the development of its national gas infrastructure that includes the country’s first liquefied natural gas (LNG) terminal at the Nador West Med Port.