AfrOil - Africa Oil & Gas

1 May 2025

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

30 April 2025

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

30 April 2025

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

30 April 2025

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

30 April 2025

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.

NNPCL faces criticism over refinery shutdowns and operational failures

29 April 2025

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

29 April 2025

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.

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

29 April 2025

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

28 April 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.

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

28 April 2025

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

28 April 2025

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

Morocco launches tender for first liquefied natural gas terminal

24 April 2025

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.