AfrOil - Africa Oil & Gas

Namibia-focused Sintana Energy outlines diversification aims, Uruguay exposure in Challenger deal

Sintana Energy (TSX-V:SEI) has outlined the strategic rationale behind its proposed all-share acquisition of Challenger Energy (AIM:CEG), highlighting plans to diversify beyond Namibia and gain exposure to Uruguay’s emerging offshore sector.

West Africa-focused Savannah Energy reports 9% y/y revenue growth in 9M, strengthens balance sheet

Egypt launches international bid round for gas exploration in Red Sea

Egypt’s Ministry of Petroleum and Mineral Resources has launched a new international bid round for oil and gas exploration in four blocks in the Red Sea

ExxonMobil to explore new gas area west of Egyptian Zohr field

US oil and gas supermajor ExxonMobil has signed a letter of intent with the Egyptian Natural Gas Holding Company (EGAS) to explore a new offshore gas area west of the Zohr field, near Egypt’s maritime border with Cyprus

Nigeria's Seplat Energy reports 185% rise in production for first nine months of 2025

Seplat Energy reported a 185% year-on-year increase in production for the first nine months of 2025, reaching an average of 135,636 barrels of oil equivalent per day (boepd), with unaudited revenue of NGN3.356 trillion ($2.33bn)

Ghana saves $411.5mn after axing SML contracts, special prosecutor says

Ghana has saved more than $411.5mn by cancelling the upstream and mineral-sector components of the Strategic Mobilisation Ghana Limited (SML) revenue assurance agreement, according to the Office of the Special Prosecutor (OSP).

TAG Oil agrees with Egypt’s Badr to extend BED-1 evaluation period, commits to drilling two more wells

British multinational Shell signs exclusive $1bn deal to explore for oil offshore Angola

British multinational oil and gas company Shell and Angola’s National Agency for Oil, Gas and Biofuels (ANPG) have signed an exclusive agreement to explore new oil blocks offshore Angola.

Egypt to resume natural gas supplies to Lebanon by end-2025

Egypt is finalising arrangements to export 650mn cubic meters of natural gas annually to Lebanon through the Arab Gas Pipeline by the end of 2025

Africa-focused Meren Energy begins trading on OTCQX to expand access to U.S. investors

Meren Energy, an independent upstream company with producing deepwater assets offshore Nigeria and a strategic position in the Orange Basin across Namibia and South Africa, has begun trading on the OTCQX Best Market while retaining primary listings.

Ghana’s balance of payments strengthens as gold and oil exports surge

Nigeria’s Conoil sees profit fall 85.5% y/y in Q3 as finance costs surge

Conoil Plc (NGX: CONOIL) reported an 85.5% year-on-year decline in third-quarter pre-tax profit to NGN728mn ($0.51mn), as revenue fell and finance costs increased sharply.

Navigating headwinds, OPEC+ pivots to price defence for Q1 2026

In a significant strategic pivot, the OPEC+ consortium is prioritising market stability and price defence over its recent campaign to recapture market share

Austria’s energy company OMV discovers oil in Sirte basin

Libya’s National Oil Corporation (NOC) has announced a new oil discovery in the Sirte basin, achieved through exploration operations by Austria’s OMV company

Sudan halts South Sudan oil transit following drone attacks on key facilities

Sudan’s Ministry of Energy and Petroleum announced on October 31 the immediate suspension of South Sudan’s oil transit through Sudanese territory and the closure of oil facilities in the Heglig region

BP expands gas output in Egypt’s West Nile Delta with new well start-up

British energy major BP (LSE, NYSE:BP) has started up the RW5 gas well in Egypt’s West Nile Delta (WND) project, adding around 80mn cubic feet per day of additional supply.

Dangote refinery ramping up output as Nigeria prepares phased 15% fuel import duty

Nigeria’s Dangote refinery is scaling up gasoline and diesel output as the government prepares to phase in a 15% import duty on refined fuel products, part of a broader effort to shift supply towards domestic refining and reduce FX pressure.

Uganda reaffirms 2026 oil target as CNOOC-UNOC field work nears completion

Uganda has reaffirmed plans to begin oil production in 2026, ruling out further delays to the long-awaited Albertine Graben project

Oil and gas explorer 88 Energy reports progress across portfolio, provides update for PEL 93 in Namibia

Australian oil and gas exploration company 88 Energy on October 30 provided a market update in its quarterly activities report for the period ending September 30, 2025.

ExxonMobil delays $30bn Rovuma LNG decision pending restart of TotalEnergies’ Mozambique LNG project

Natural gas, helium explorer D3 Energy advances towards production at flagship South African asset

South Africa-focused helium and natural gas explorer D3 Energy on October 30 provided a market update in its quarterly activities report for the period ending September 30, 2025.

Nigeria’s Oando posts $120mn nine-month profit on production gains after acquiring NAOC assets

Nigeria’s LPG marketers target 6mn tonnes annual supply to stabilise prices

Nigeria’s liquefied petroleum gas (LPG) marketers plan to raise annual supply to 6mn tonnes in the coming years, citing expanded local output and new projects as key to stabilising cooking gas prices

Saudi Arabia, Iraq top US Crude Imports from OPEC in July 2025

The US imported more than 20mn barrels of crude oil from OPEC countries in July 2025, according to newly released data from the US Energy Information Administration (EIA), with Iraq ranking as the second-largest exporter among the group

Nigeria's Heirs Energies' CFO on powering growth via sustainable, indigenous-led development

NewsBase speaks exclusively to Samuel O. Nwanze, Executive Director and Chief Financial Officer of Nigerian indigenous integrated oil and gas company Heirs Energies.