AfrOil - Africa Oil & Gas
Nigeria’s gas dilemma: abundant reserves, limited domestic delivery
Despite its vast proven natural gas reserves of almost 210 trillion cubic feet, Nigeria has been unable to harness sufficient gas for its domestic economy or export market.
Global oil shock puts Ghana on alert as government weighs fuel tax cuts
Ghana may review fuel taxes and levies if surging global oil prices place excessive pressure on consumers, a government spokesperson said, as rising geopolitical tensions threaten to drive up energy costs.
Morocco fuel prices rise for third time amid Iran war tensions
Fuel prices in Morocco are set to rise for the third time since the outbreak of the Iran war, with new increases taking effect from midnight on April 1, 2026,
ExxonMobil, QatarEnergy plan new gas exploration wells in Egypt’s eastern Mediterranean
US energy major ExxonMobil (NYSE:XOM) and QatarEnergy are planning to drill new exploratory wells in the eastern Mediterranean by the end of 2026
BP plans $1.5bn investment to expand operations in Egypt
British energy major BP is currently planning to strengthen its presence in Egypt and expand its operations
Afreximbank underwrites $2.5bn of $4bn loan to Nigeria’s Dangote oil refinery
Afreximbank has underwritten $2.5bn of a $4bn syndicated loan for the Dangote Refinery in Nigeria, supporting Africa’s largest refining project and boosting energy security.
Morocco faces gas supply disruptions, turns to coal to meet power demand
Morocco has experienced sharp disruptions in gas supplies in recent days after flows via Spain were halted for four consecutive days
India in talks to widen gas supply network to Angola amid tight Middle East deliveries
Four Indian state-owned companies are negotiating to source gas from Angola as the Asian giant seeks alternative sources because of constrained supplies from the Middle East.
Egypt and Cyprus sign gas framework deal to boost energy cooperation
Egypt and Cyprus signed a framework agreement on March 30 to strengthen cooperation in the gas sector
Botswana in talks to take 30% stake in Angola’s $6.6bn Lobito oil refinery
If Gaborone secures a 30% stake in the Angolan refinery, its proportional share would equate to around 60,000 bpd of refining capacity, roughly twice Botswana's current level of consumption.
Chariot Limited acquires interest in two oil projects in Angola
Africa-focused energy group Chariot Limited (AIM:CHAR) has acquired a working interest in two oil blocks in Angola through its exploration and production subsidiary, Etu Energias SA.
Eni to invest $2bn in Egypt’s energy sector before end-2026
Italian energy major Eni is set to invest $2bn in Egypt’s energy sector before the end of 2026. The aim is to expand exploration activities and boost production.
Mozambique's National Hydrocarbons Company pays $78mn dividends to government over eight years
Mozambique’s state-owned National Hydrocarbons Company (ENH) has paid up to $78mn in dividends to the state since 2018, Lusa wrote on March 27.
IMF expects Namibia's economy to rebound this year if oil firms sanction project construction
The IMF has predicted that Namibia’s economy will be subdued this year due to the adverse impact of the Middle East crisis, but it could rebound if international oil companies (IOCs) sanction project construction.
Nigeria’s NNPCL targets $60bn gas investment to triple reserves
Nigeria’s state-owned oil company is seeking $60bn in investment to expand gas reserves to 600 trillion cubic feet (tcf) and increase production to 12 billion standard cubic feet per day (bscfd) by 2030.
Namibia accelerates infrastructure build-out to support first oil targets
Namibia is speeding up the development of its port infrastructure, supply chains and regional energy links, which will shape how much value it can retain from production.
Tanzania, Zambia energy ministers discuss oil, gas cooperation and TAZAMA pipeline
Tanzania’s Energy Minister Deogratius Ndejembi and Zambia’s Energy Minister Makozo Chikote held talks in Lusaka on March 27, 2026 to deepen bilateral cooperation in the energy sector, with a focus on oil and gas
Angola produced 28mn barrels of oil in February, with daily output marginally less than anticipated
Angola produced 28.156mn barrels of oil in February and 72.306mn cubic feet of associated gas, according to the Angola Press Agency (Angop).
Canadian firm ReconAfrica launches production testing at Namibian well
Reconnaissance Energy (ReconAfrica) has started production testing at its Kavango West1X discovery well in onshore Namibia and signed contracts with global giants Halliburton and Schlumberger Oilfield Services for equipment.
Kenya targets Mozambique gas imports to reduce reliance on Middle East
Kenya is pursuing a long-term agreement with Mozambique to secure natural gas supplies as it looks to stabilise domestic energy costs and reduce reliance on imports from the Middle East, where ongoing conflict has disrupted markets
Egypt turns to Libya for oil imports as Hormuz disruption halts Kuwaiti supply
Egypt plans to import at least 1mn barrels of crude oil per month from Libya to offset a halt in Kuwaiti supplies caused by the effective closure of the Strait of Hormuz
Atacama Group to build 300mn-litre fuel storage hub in Namibia
The Atacama Group (TAG), a US energy and infrastructure firm, plans to develop a 300mn-litre fuel storage facility at the Walvis Bay New North Port in Namibia.
Nigeria expands CNG programme to include EVs in transport reform push
Nigeria has expanded its CNG programme to include electric vehicles, as the government seeks to lower transport costs, boost energy security and accelerate its transition to cleaner mobility solutions.
African LNG projects emerging as critical solution to Europe’s energy needs
Amid current global geopolitical shocks with escalating tensions in the Middle East, European buyers are seeking alternative gas supplies, which could bring much-needed energy security to Europe.
Nigeria lifts FX limits on oil exporters and allows full repatriation
Nigeria’s central bank has removed restrictions on oil export proceeds, allowing companies to repatriate 100% of earnings immediately, in a move aimed at improving forex liquidity and investor sentiment
Nigeria’s NMDPRA fuel import licences stir concerns over refining strategy
Fresh petrol import approvals by the NMDPRA have drawn criticism from the Energy Transparency and Market Justice Initiative (ETMJI), which warned that the move risks undermining domestic refining efforts and fuel quality standards
Nigeria oil output falls 10% m/m as Bonga shutdown exposes sector weaknesses
Nigeria’s crude oil production fell 10% month on month in February to 1.31mn barrels per day, as maintenance at Shell’s Bonga field pushed output further below both Opec’s quota and the government’s target
Italy, Spain race to secure Algerian gas amid Middle East crisis
Italian PM Giorgia Meloni is seeking to boost gas flows from Algeria, as Italy, along with Spain, competes to secure alternative energy supplies from North Africa, following disruptions in Middle Eastern exports
Nigeria signs offshore seismic deal to revive frontier exploration
The NUPRC has signed a three-year agreement with SeaSeis Geophysical Limited and TGS to acquire new offshore seismic and gravity data, in a move aimed at reducing exploration risk and attracting investment
Nigeria misses full $100 oil price windfall as crude-backed deals limit gains, says FNCCI head
Nigeria may not fully benefit from near-$100 oil prices as crude-backed loan agreements, including the $3.3bn Project Gazelle, lock in large volumes of output at lower historical prices, limiting fiscal gains while inflation pressures rise.
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