AfrOil - Africa Oil & Gas
Morocco says fuel reserves cover 30 days amid rising global prices
Morocco has sufficient fuel reserves to meet around one month of domestic demand. Global energy prices continue to rise due to geopolitical tensions and supply disruptions driven by the US-Israeli war on Iran
Sintana Energy secures extension of Namibia licence for PEL 87 to advance offshore exploration
Namibia has extended Petroleum Exploration Licence 87 to January 2027, allowing Sintana Energy and Pancontinental Energy to advance seismic work, complete environmental approvals and prepare for drilling in the Orange Basin.
AEC calls on African oil and gas industry to boycott Africa Energies Summit in London
The African Energy Chamber (AEC) has called on African oil and gas companies to boycott the upcoming Africa Energies Summit over local content representation concerns.
Egypt’s Petrojet secures $4.7bn pipeline contracts as it expands into new sectors
Egyptian oil services company Petrojet, the engineering and construction arm of Egypt’s petroleum sector, has secured contracts for future projects worth EGP 246bn ($4.7bn) through 2029, both domestically and internationally,
Nigeria advances 50-block oil auction to bidding stage
Nigeria has moved its 2025 oil licensing round into the bidding phase after regulators shortlisted qualified firms to compete for 50 oil and gas blocks, marking a key step in one of the country’s most closely watched upstream investment exercises
Hormuz tensions raise inflation and energy security risks for Africa, says senior investment analyst
A senior investment analyst examines how the ongoing Middle East military conflict and rapidly climbing oil and gas prices are affecting African economies, supply chains and cost of living.
BP confirms Angola Quiluma start-up of gas production from Angola’s Quiluma field
BP has started gas production at Angola’s Quiluma field, as the New Gas Consortium project supplies feedstock to the Angola LNG plant and strengthens the country’s position in global gas markets.
Algeria boosts LNG exports as global supply disruptions reshape energy flows
Algeria’s liquefied natural gas (LNG) exports are surging amid escalating regional tensions and shipping constraints in the Strait of Hormuz
Rising oil prices threaten Tunisia’s economy amid Middle East tensions
Tunisia is increasingly exposed to the economic fallout of the ongoing Middle East tensions, mainly owing to the country’s reliance on imported energy.
Nigeria to enforce "drill or drop" rule to speed oil block development
Nigeria’s upstream regulator has said oil companies will no longer be allowed to hold prospecting licences for extended periods without carrying out explorations.
Nigeria’s Dangote and China’s GCL sign $4.2bn gas supply deal for Ethiopia fertiliser project
Nigerian conglomerate Dangote Industries and China’s GCL Group have signed a $4.2bn natural gas supply agreement to support a $2.5bn fertiliser complex in Ethiopia aimed at strengthening East Africa’s agricultural supply chain.
Eni announces two gas discoveries in offshore Libya
Italian energy major Eni announced two new gas discoveries south of its producing Bahr Essalam field in offshore western Libya, while also progressing with the country’s first deepwater exploration well alongside its partner BP.
Nigerian navy dismantles illegal refinery in Rivers and seizes 3,950 litres of stolen fuel
The Nigerian Navy has dismantled a reactivated illegal refinery and seized about 3,950 litres of suspected stolen petroleum products in Calabar as part of intensified operations against crude oil theft under Operation DELTA SENTINEL
Nigeria’s NNPCL remits full PSC profit oil to Federation Account after Tinubu directive
Nigeria’s state oil company remitted NGN121.343bn ($88.47mn) in Production Sharing Contract (PSC) profit oil proceeds to the Federation Account in February
Invictus Energy posts $2.8mn loss as Zimbabwe Cabora Bassa exploration spending rises
Invictus Energy Ltd (ASX:IVZ) reported a half-year net loss of $2.8mn as it continued funding exploration at Zimbabwe’s Cabora Bassa Project, with capitalised exploration spending rising to $85mn and cash reserves declining to $3mn.
Nigeria launches petroleum reform taskforce to unlock up to $10bn investment, overhaul sector
Nigeria has established a presidential petroleum reform taskforce tasked with unlocking up to $10bn in sector investment and developing a 10-year national energy transformation strategy aimed at boosting production, FX earnings and competitiveness.
Tanzania urges TPDC to accelerate oil and gas projects to boost economy
Tanzania’s government has instructed the Tanzania Petroleum Development Corporation (TPDC) to ensure ongoing oil and gas projects are delivered on schedule, with a focus on maximising their contribution to national development
Oil price surge offers Algeria temporary fiscal relief
Rising global oil prices triggered by escalating tensions and the US-Israeli strikes on Iran may provide the cash-strapped Algeria with short-term financial relief
Egypt’s EGAS plans new gas bid round and 17 exploration wells in FY 2026/27
Egyptian Natural Gas Holding Company will launch a new international bid round for gas exploration in 2026 in several blocks in the western Mediterranean, while preparing to drill 17 exploratory wells during FY 2026/27
Egypt's South Valley Petroleum plans to drill five exploration wells worth $33mn
Egypt’s South Valley Egyptian Petroleum Holding Company (Ganope) plans to drill five exploration wells at an estimated cost of $33mn
Dangote accuses Nigerian regulator of allowing petrol imports despite local supply
Aliko Dangote has said Nigeria’s downstream regulator continues to issue petrol import licences despite rising domestic refining capacity, warning that sustained imports threaten local industry and energy security
Ghana moves to phase out LPG cylinder imports as state factory revival advances
Ghana plans to eventually ban imports of liquefied petroleum gas cylinders as part of a strategy to boost domestic manufacturing and expand clean cooking access, Energy and Green Transition Minister John Abdulai Jinapor told parliament
Nigeria’s crude output falls to 1.31mn bpd in February
Nigeria’s crude oil production fell to 1.31mn barrels per day (bpd) in February, leaving the country roughly 190,000bpd below its Organisation of the Petroleum Exporting Countries (Opec) quota as global oil prices rise.
Assala Energy reports hydrocarbon discovery offshore Gabon
Assala Energy has reported a hydrocarbon discovery at the Magoga-A exploration well in the Mutamba Iroru Licence II offshore Gabon, encountering around 8m of hydrocarbon-bearing pay in the Gamba Sandstone formation.
Zambia to partner private sector to build two pipelines to move oil, gas from Tanzania and Namibia
Zambia’s government has approved the development of two new pipelines to move oil and gas from ports in neighbouring Tanzania and Namibia.
Chevron sells stakes in two Angolan oil blocks to Energean for $260mn
Energean (LSE: ENOG), a London-based oil and gas company, has signed an agreement to acquire Chevron’s (NYSE: VCX) 31% operated interest in Block 14 and 15.5% non-operated interest in Block 14K, offshore Angola, for $260mn.
TotalEnergies resumes oil production at Al-Mabrook field in Libya after a decade-long halt
French energy major TotalEnergies has announced the resumption of oil production at the Al-Mabrook field in Libya
Brazil deepwater project taps Exail tech
Exail has secured contracts to supply more than 70 acoustic transponders and navigation systems for offshore energy developments in Brazil and Angola.
Nigeria electricity shortage worsens as GenCos’ $2.1bn debt chokes gas supply
Nigeria’s electricity crisis is set to worsen as gas suppliers threaten to halt deliveries to thermal power plants over $2.1bn in unpaid fuel debts, pushing national power generation below 4,000MW and exposing deep financial strains sectorwide.
Egypt targets $2.3bn in gas investments to boost production
Egypt is currently planning aiming to attract investments worth $2.3bn in its natural gas sector during FY 2026/27, as part of efforts to boost production and secure domestic energy supplies
Libya records historic oil and gas production in February 2026
Libya achieved a record high in oil and gas production in February 2026, according to a March 11 statement from the National Oil Corporation (NOC).
Oil price tops $100 a barrel - again
Brent crude rose almost 9% in early Asian trading, surpassing $100 a barrel, despite the International Energy Agency (IEA) announcing late on March 11 that all 32 member countries would release up to 400mn barrels of oil.
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