AfrOil - Africa Oil & Gas
Ghana clears bulk of $75mn gas debt to Nigeria amid regional energy tensions
Ghana has reportedly nearly paid off its $75mn debt to Nigeria for gas supplies, settling roughly 90% of arrears owed to N-Gas, a subsidiary of the Nigerian National Petroleum Company Limited (NNPCL).
Egypt Gas records 41.3% y/y hike in net profit to $3.9mn in Q1 2025
Egyptian energy firm Egypt Gas (EGAS) recorded a 41.3% year-on-year (y/y) hike in the company’s net profit to EGP196.368mn ($3.93mn) in Q1 2025, it said in a bourse filing on May 21.
NNPCL inspects Nigerian Port Harcourt and Kaduna refineries
The Nigerian National Petroleum Co. Ltd’s leadership has conducted an inspection visit to the 110,000 bpd Kaduna refinery and 210,000 bpd Port Harcourt refinery as part of efforts to ensure they are running effectively.
Kenya targets $1.12bn in oil block investments by 2027 under new energy strategy
Kenya’s Ministry of Energy and Petroleum has launched a KES 2.5 trillion ($19.32bn) strategic plan for 2023–2027, aiming to attract KES 145.3bn ($1.12bn) in petroleum exploration block investments by the end of that period.
Shares of South African helium, LNG producer Renergen surge on news of acquisition offer
Renergen, South Africa’s first integrated producer of liquefied helium and liquefied natural gas (LNG) saw its share price surging by more than 78% on May 20, following an announcement of its potential acquisition by ASP Isotopes.
Nigeria’s Dangote refinery set to receive 272,000 tonnes of international crude
Nigeria’s 640,000 barrel per day Dangote refinery received 146,000 tonnes of crude oil from the international market from the tanker Hercules this week, with another tanker – Sienna – set to follow soon afterwards.
TotalEnergies to request lifting of force majeure for Mozambique LNG
French supermajor TotalEnergies’ CEO Patrick Pouyanne will ask Maputo to lift force majeure on its stalled Mozambique LNG project.
Mozambique, Zambia sign MoU to build $1.5bn Beira-Ndola fuel pipeline
Mozambique and Zambia have signed a memorandum of understanding for the construction of a pipeline to transport refined petroleum products.
Nigerian president approves key licences for Kolmani oil project in northern states
Nigerian President Bola Tinubu has approved the issuance of key regulatory licences for the Kolmani Integrated Development Project, a major oil exploration initiative located between the northern states of Bauchi and Gombe.
Ghana averts energy crisis with crude oil shipment amid international scrutiny
Ghana has begun offloading a shipment of 450,000 barrels of light crude oil to stabilise its fuel reserves, following government warnings last week that the country had just 2.6 days’ worth of fuel left for power generation.
NYSE-listed Halliburton, Rhino Resources deliver first wells in offshore Namibian oilfield
Shell reports 122% rise in major oil spills in Nigeria in 2024
Shell Petroleum Development Company of Nigeria Limited (SPDC), the Nigerian subsidiary of Shell Plc, recorded a 122% year-on-year increase in major oil spills in 2024, primarily due to equipment failures and crude oil theft #bna #nigeria #afroil
Nigerian Navy recovers 773,000 litres of stolen crude oil in anti-theft campaign
The Nigerian Navy has recovered 773,000 litres of stolen crude oil and dismantled 468 illegal refinery sites as part of its 2024 Operation Delta Sanity initiative, aimed at curbing oil theft and mitigating environmental damage #bna #nigeria #afroil
Iraq rediscovers its forgotten Somalian refinery after 45 years
An Iraqi oil refinery built in Somalia in the 1970s has remained abandoned for nearly 45 years, before re-emerging into public awareness during recent diplomatic talks.
South Africa’s new National Petroleum Co. to synergise energy, fuel supply security via mergers
South Africa’s Central Energy Fund (CEF) has transferred assets and funds to the National Petroleum Company (SANPC), intending to unlock $83mn to $166mn worth of synergies from the merger of three state-owned petroleum products companies.
Kenya allocates $12.90mn to revive stalled Turkana oil project
Kenya has more than doubled its funding for the long-delayed Turkana oil project, allocating KES 1.67bn ($12.90mn) in the 2025/26 fiscal year to accelerate preparatory work for commercial production.
Ghana’s GNPC unveils global-facing strategy to halt oil output decline
State-owned energy giant Ghana National Petroleum Corporation (GNPC) is embarking on an ambitious new strategy to reverse declining oil production and attract international investment into the West African country’s upstream petroleum sector.
German engineering firm urges African gas producers to eliminate flaring at IAE2025 forum
At the Invest in African Energy (IAE2025) forum in Paris, engineering firm Neuman & Esser urged gas-producing countries in Africa to adopt mid-scale gas commercialisation strategies, highlighting the ongoing issue of flaring valuable gas flaring.
South Africa's energy watchdog NERSA approves amendments to licences to key crude oil pipeline
South Africa’s energy regulator has approved changes to the licensing framework for facilities operated by energy and oil firms, TotalEnergies South Africa (TotalEnergies) and Sasol Oil (Sasol) southeast of the country.
Egypt examines LNG supply offers from Saudi Aramco, UAE’s Adnoc, Algeria’s Sonatrach, and QatarEnergy
Egypt's state-owned gas company EGAS has received several offers to supply liquefied natural gas (LNG) shipments urgently needed for summer.
Tullow Oil agrees $300mn sale of Gabon assets to state-owned GOC
Tullow Oil has signed a definitive sale and purchase agreement with Gabon Oil Company (GOC) to divest its entire non-operated working interests in Gabon for $300mn, as part of efforts to strengthen its balance sheet and focus on higher-margin assets.
Focus on strategic gas monetisation at Invest in African Energy 2025 forum
At the start of the Invest in African Energy (IAE) forum in Paris, African energy leaders called for stronger regional cooperation, smarter use of gas resources, and better local development policies.
Namibia expects FID by TotalEnergies on Venus discovery by late 2026, says petroleum commissioner
Namibia is expecting a final investment decision (FID) by French energy supermajor TotalEnergies on its Venus discovery in the Orange Basin by late 2026, according to Maggy Shino, petroleum commissioner at Namibia's Ministry of Mines and Energy.
East Africa moves towards LPG-based energy transition
The demand for cleaner fuels in East Africa is growing quickly as the region’s growth continues, with a local Nairobi-based company – Gasfil – offering to carry the torch.
Africa-focused energy group Chariot regains full control of two key offshore Morocco gas licences
Africa-focused energy group Chariot Limited has regained full control of two key offshore gas licenses in Morocco after Energean returned its stake.
Russia in talks to build liquefied natural gas terminals in Egypt
The Egyptian government is reportedly in talks with Russia to build liquefied natural gas (LNG) terminals in Egypt.
South Africa must develop its gas industry or face economic regression, says energy minister
South Africa expects a sharp decrease in natural gas supplies to industries in Gauteng and KwaZulu-Natal provinces as imported gas from Pande and Temane fields in Mozambique runs low.
Nigeria files $49.9mn lawsuit against Pan Ocean over unpaid oil royalties
Nigeria’s federal government has filed a $49.9mn lawsuit against Pan Ocean Oil Corporation for allegedly failing to pay mandatory oil and gas royalties under its joint venture operations.
Nigeria secures over $8bn in energy investments in 12 months amid sector reforms
Nigeria has attracted more than $8bn in investments in deepwater and gas projects over the past 12 months, driven by fiscal reforms and the liberalisation of its energy sector.
Brazil’s Petrobras mulls return to Nigeria, contradictions on investment plans pile up
Brazil’s national oil company Petrobras is pursuing a return to Nigeria's oil sector, targeting frontier deep-water acreage as the two countries prepare for their strategic dialogue in June, according to Nigerian officials.
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