AfrOil - Africa Oil & Gas

AEC to host G20 African Energy Investment Forum ahead of G20 Summit in Johannesburg

The African Energy Chamber (AEC) will host the G20 African Energy Investment Forum ahead of the G20 Summit in South Africa.

Nigerian Court orders Danium Energy and executive to pay Union Bank $13.8mn and surrender properties

A Federal High Court in Lagos has ordered petroleum marketer Kehinde Ogbor and Danium Energy Services Limited to pay Union Bank of Nigeria NGN20.7bn ($13.8mn) and granted the lender immediate possession of several prime properties

Nigeria to launch 2025 oil licensing round on December 1, says regulator

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the 2025 oil licensing round will be officially launched on December 1.

Nigerian crude earnings fell 43% in 2024 despite higher output

Data from Nigeria’s Budget Implementation Report for Q4 2024, published this week, has shown that profits from the country’s oil and gas sales plummeted by 43% in 2024, despite production increasing on average.

South Africa: Industry condemns government silence over looming gas crisis as Sasol offers interim fix

The Industrial Gas Users Association of South Africa (IGUA-SA) has once again voiced its concerns about the impending “gas cliff” and the government’s inaction in addressing the supply shortage.

Nigeria approves 43 oil and gas field plans worth over $20bn for 2025

Nigeria’s upstream regulator has approved 43 field development plans for implementation in 2025, representing projects with an estimated 1.7bn barrels of oil and 7.7tcf of gas, backed by more than $20bn in committed capital

Nigeria's EFCC declares ex-petroleum minister Timipre Sylva wanted over $14.9mn refinery funds case

Nigeria’s Economic and Financial Crimes Commission (EFCC) has declared former Minister of State for Petroleum Resources Timipre Sylva wanted for allegedly conspiring to divert $14.9mn allocated for a private refinery project.

South Sudan’s president reverses petroleum ministry reshuffle amid heightened export security risks

South Sudan's petroleum ministry undersecretary has been reinstated a week after his removal. The move comes amid Sudan's warning that continued RSF drone attacks near key infrastructure could force a shutdown of the pipeline to Port Sudan.

Corcel secures environmental permit for KON-16 block in Angola to begin seismic surveys

Corcel Plc (AIM:CRCL) has secured an environmental permit to begin seismic work at the KON-16 onshore block in Angola’s Kwanza Basin, part of Luanda's wider push to revive onshore exploration and diversify production beyond mature offshore fields.

Nigeria expects output lift as EMEM FPSO nears deployment, says upstream regulator

Nigeria’s Senate adopts interim report alleging $200bn worth of crude oil revenue discrepancies

Nigeria: Dangote lawsuit dismissed by court

Nigeria’s Federal High Court has dismissed a suit filed by 650,000 barrels per day (bpd) Dangote refinery in November 2024.

Nigeria’s Nestoil seeks court order to stop lenders from enforcing receivership actions

Nestoil Limited has asked the Federal High Court in Abuja to restrain eight Nigerian banks and the African Export–Import Bank (Afreximbank) from enforcing receivership actions initiated after a default notice issued in May

Nigeria's NNPCL targets 2mn bpd output, $30bn–$60bn co-investment to accelerate upstream recovery

The NNPCL said crude oil production has reached about 1.7mn barrels per day (bpd). It targets 2mn bpd by 2027 and is seeking between $30bn and $60bn in partnerships by 2030 to accelerate oil, gas, and infrastructure projects.

Halliburton wins integrated drilling contract for HI gas field supplying Nigeria LNG Train7

Halliburton (NYSE:HAL) secured an integrated drilling and completion services contract for the HI gas field in OML144, a project led under the SPDC JV framework to provide feed gas for Nigeria LNG’s Train7 expansion.

Capricorn Energy receives $50mn in overdue payments under Egypt concession deal

Scotland-based oil and gas producer, Capricorn Energy, announced the receipt of $50mn in overdue payments under its concession agreement in Egypt

Ghana moves to revive ailing oil industry amid sharp production decline

Ghana’s government has announced a sweeping plan to revitalise the country's flagging oil exploration and production sector, warning its decline is choking local economies and deterring investors.

Panoro Energy signals stable production outlook, Dussafu offshore Gabon remains core growth driver

Panoro Energy ASA (OSE:PEN) reported stable operating performance ahead of its Q3 2025 results, with the Dussafu Marin block in Gabon continuing to anchor growth plans.