AfrOil - Africa Oil & Gas
South African energy regulator approves Sasol Gas maximum gas price adjustment for Q2 FY2025/26
The National Energy Regulator of South Africa in a statement on September 9 said it had considered and noted Sasol Gas Limited’s adjustment of its maximum gas price for the Q2 of FY 2025/26.
Algeria's Sonatrach weighs potential cooperation with Tanzania in upstream oil & gas sector
Tanzania has held talks with Algeria’s state-owned oil and gas firm Sonatrach to explore upstream cooperation, knowledge transfer and potential investment in upcoming exploration blocks.
BP signs deal with Egypt to explore five wells in Mediterranean Sea
The Egyptian Natural Gas Holding Company (EGAS) signed a memorandum of understanding (MoU) with energy supermajor BP to explore five new wells in the Mediterranean Sea at depths ranging from 300 to 1,500 metres.
Canadian oil firm ReconAfrica ventures into Gabon after signing JV deal with Toronto-listed Record Resources
Reconnaissance Energy Africa (ReconAfrica), which has advanced oil exploration projects in southern Africa, has expanded into Gabon in West Africa after it signed a production sharing contract (PSC) with Canadian peer Record Resources (Record).
Panoro Energy taps ex-Perenco executive Eric d’Argentré as COO, president amid H1 output gains
Africa-focused E&P firm Panoro has assets in Equatorial Guinea, Gabon, Tunisia, and South Africa. Eric D’Argentré has managed operations in Cameroon, the UK, Colombia, Ecuador, Turkey and Gabon.
APPO to announce launch date for Africa Energy Bank at next ministerial meeting
The African Petroleum Producers Organisation (APPO) will announce the launch date for the Africa Energy Bank (AEB) at the next ministerial meeting.
Angola to launch licensing round in Q4 as oil output dips below 1mn bpd
Angola will launch its final oil licensing round in Q4 2025, offering Kwanza and Benguela acreage to counter falling output, alongside reforms and a $5bn Azule investment.
Egypt can secure alternative gas supplies if Israel blocks $35bn deal, rules out Gaza concessions
Egypt can mitigate risks to its gas supply if Israeli PM Benjamin Netanyahu follows through on his alleged threat to block the $35bn export deal to pressure Cairo on Palestine stance
Uganda close to signing FEED contracts for $4b Hoima oil refinery project with Alpha MBM
Uganda’s UNOC is close to finalising a deal with Alpha MBM of the UAE on the planned refinery, targeting 60,000 bpd output to cut fuel imports and boost energy security.
Congo signs $23bn deal with China’s Wing Wah for integrated onshore oil and gas development
The Republic of the Congo has signed a $23bn hydrocarbon agreement with Chinese oil and gas company Wing Wah, for the integrated development of the onshore Banga Kayo, Holmoni and Cayo permits.
Sonangol targets 100 EV charging stations by 2028 as part of Angola’s energy transition
Angola’s state-owned oil company Sonangol plans to install more than 100 electric vehicle charging points (EVCPs) nationwide by 2028 in a move that underscores its effort to diversify energy sources.
Nigeria targets 32% rise in daily gas output by 2030, minister says
Nigeria aims to produce 10bn standard cubic feet of gas per day (BSCFD) by 2030, Finance Minister Wale Edun confirmed during a meeting with Nigeria LNG (NLNG) executives in Abuja to discuss related investment, reform and supply challenges.
Dual-listed Invictus Energy seals petroleum production sharing deal with Zimbabwe over huge gas find
Zimbabwe's government has officially granted National Project Status to ASX- and VFEX-listed gas explorer Invictus Energy's Cabora Bassa Project, situated in the north of the country.
Restoring performance of Sasol’s Southern Africa value chain remains key priority, says CEO
Global energy and chemicals company Sasol has outlined a sharpened focus on its South African operations as it works to secure feedstock, improve financial resilience and advance its decarbonisation strategy.
Chevron, ANPG sign agreement to explore for oil offshore Angola
US oil and gas giant Chevron has signed a preliminary agreement with the National Oil, Gas & Biofuels Agency (ANPG), Angola’s oil and gas concessionaire and upstream regulator, to explore for oil in the offshore Block 33/24.
Kenya to auction 10 oil blocks in first licensing round since 2019 law
Kenya plans to auction 10 oil and gas exploration blocks this September, its first licensing round since the Petroleum Act 2019
Cameroon aims to restart dormant Limbe refinery
Cameroon’s state-owned National Refining Company Ltd. (Sonara) is working on restarting its 42,000 barrel per day (bpd) Limbe refinery in December 2027, bringing it back online after it had been lying dormant since a fire occurred in 2019.
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