AfrOil - Africa Oil & Gas

Dangote announces ‘shakeup’ of Nigerian downstream sector

CEO of Dangote Group Aliko Dangote has revealed that Nigeria’s downstream sector is set to face a “shakeup” in the coming months.

South Africa needs clear strategy to avert gas supply crisis, industrial users say

South African Parliament’s Portfolio Committee on Electricity and Energy has discussed measures to address critical gas sector infrastructure, policy and pricing developments with government energy departments and intensive industrial gas users.

Kenya eyes first oil exports in 2026 as Gulf Energy nears Tullow deal

Kenya aims to begin commercial crude oil production and exports next year, Energy and Petroleum Cabinet Secretary Opiyo Wandayi said on June 9, signalling renewed momentum in a long-delayed project in the country’s north.

Ghana’s central bank ends gold-for-oil scheme after $208mn losses

Ghana’s new fuel tax sparks opposition backlash amidst energy crisis reforms

Ghana’s opposition lawmakers have called on the government to immediately withdraw a controversial new GHS1 ($0.10) fuel levy, warning that it will worsen economic burdens and undermine public trust.

NGX targets Dangote Petrochemicals, NNPCL listings to support $1 trillion GDP goal

The Nigerian Exchange (NGX) plans to list Dangote Petrochemicals and the Nigerian National Petroleum Company Ltd in 2025 as part of efforts to expand market capitalisation and contribute to the federal government’s $1 trillion GDP target by 2030.

Ghana delays fuel levy hike after pushback from oil marketing firms

IEA report highlights challenges and opportunities for energy investments in Africa

Africa is encountering fresh challenges and opportunities as the nature and origin of investment flows into the continent continue to change.

BLOG: Is the high risk of Mozambique LNG worth the potential for high reward?

Major LNG projects are typically characterised by obstacles, challenges and delays, and even once the project does get the green light, more likely than not it will still suffer a few setbacks.

Ghana’s fuel levy draws international attention amid mounting energy debt crisis

Ghana’s former energy minister has defended the government’s new GHS1 ($0.10) fuel levy, describing it as a necessary intervention to tackle the country’s worsening energy sector debt and systemic under-recovery in electricity costs.

SBM Offshore exits Equatorial Guinea with sale of FPSO Aseng to GEPetrol

SBM Offshore is exiting Equatorial Guinea after signing an agreement to sell its entire stake in the FPSO Aseng vessel to the state-owned oil company GEPetrol.