AfrOil - Africa Oil & Gas

Mozambique's Beira Port to expand annual fuel handling capacity to 7mn tonnes from 5mn tonnes

BP announces new gas discovery off Egypt’s East Mediterranean

UK energy major BP (LSE:BP) has announced a new gas discovery offshore Egypt in the East Mediterranean, following the successful drilling of the “Dennis West-1” exploration well within the Temsah concession area

Chevron eyes new exploration blocks in Egypt as investment climate improves

US energy major Chevron (NYSE:CVX) is currently in talks with Egypt’s Ministry of Petroleum and Mineral Resources to invest in three new exploration areas.

AEC moves to join landmark climate case to safeguard Africa’s energy interests

The African Energy Chamber (AEC) has applied to participate in a major climate-related case as amicus curiae before the African Court on Human and Peoples’ Rights.

Afreximbank to provide Surinamese companies with direct financing for oil and gas projects

Afreximbank is positioning itself as a direct financing partner for Surinamese companies competing for domestic oil and gas contracts, Okechukwu Ihejirika, Acting Regional Chief Operating Officer for the Caribbean, confirmed.

Nigeria’s NNPCL begins exporting new Cawthorne crude grade to Europe

Nigeria has begun exporting a new crude grade, Cawthorne, with the first cargo shipped to Europe as the NNPCL seeks to expand its export slate, boost production and improve its competitiveness in global oil markets.

Dragon announces new oil discovery in Egypt’s Gulf of Suez

UAE energy company Dragon Oil, wholly owned by the Dubai-government-owned Emirates National Oil Company (ENOC), has announced a new oil discovery in Egypt’s Gulf of Suez, in partnership with GUPCO and the Egyptian General Petroleum Corporation.

Eni announces significant gas discovery off Egypt’s Mediterranean coast

Italian energy major Eni (BIT:ENI) announced a significant discovery of natural gas and condensates off Egypt’s Mediterranean coast on April 7, a development that could bolster the country’s energy outlook

Can pipelines make a comeback?

The shock to LNG supply is forcing buyers to confront both physical disruption and rising dependence on the US, which could revive interest in long-stalled pipeline projects.

Somalia poised to begin its first offshore oil drilling operations with Turkey’s help

Somalia is preparing to begin its first offshore drilling campaign with Turkey’s deepwater drillship "Çağrı Bey", a milestone in efforts to test a frontier basin estimated to hold 30bn barrels of prospective oil.

Nigeria shifts to tax-led revenue as oil dependence declines

Nigeria’s government income is now driven primarily by taxes rather than crude oil, marking a structural fiscal shift after years of reliance on energy exports

Nigeria's Dangote refinery owner says crude supply doubled amid Middle East disruption risks

Nigeria has increased crude supply to the $21bn Dangote refinery, but deliveries remain below full capacity needs, amid ongoing supply constraints even as the plant expands exports across Africa amid global oil market disruptions.

Nigeria’s Heirs Energies backs African entrepreneurship with $10mn investment

Nigerian indigenous integrated energy company Heirs Energies has allocated $10mn to 2,000 African start-ups in support of the Tony Elumelu Foundation’s (TEF).

Ghana joins boycott of Africa Energies Summit amid concerns over exclusion and representation

Ghana has decided to withdraw from the Africa Energies Summit following a call by the African Energy Chamber (AEC) to boycott the event in London over representation concerns.

Gabon grants Panoro Energy approval to extend Dussafu Marin PSC to 2053

Gabon has approved an extension of Panoro Energy’s Dussafu production sharing contract to 2053, enabling long-term investment planning and supporting output recovery towards 40,000bpd while strengthening reserves and exploration upside.

Goldman Sachs sees fuel price hike in Egypt by October 2026

Libya fails to rescue damaged Russian shadow LNG tanker

The Russian shadow fleet LNG tanker Arctic Metagaz was left drifting uncontrolled in the central Mediterranean after a failed towing attempt early on April 2

Libya's oil production reaches a decade-high amid regional energy shifts

Libya’s oil production has surged to nearly 1.43mn barrels per day (bpd), marking its highest level in over a decade.

OPEC+ sets symbolic quota rise as Hormuz closure bites

OPEC+ has agreed a modest increase in oil production quotas from May, a move that is more about signalling future intent than shifting near‑term supply

Algeria to launch new oil and gas licensing round on April 19

Algeria is preparing to launch a new oil and gas licensing round on April 19, 2026, offering seven exploration blocks to international energy companies as part of efforts to boost investment and expand hydrocarbon resources.

Moroccan government spends $180mn monthly on butane gas subsidies

Morocco expects to spend up to MAD 1.6bn ($180mn) per month to subsidise butane gas, widely used for cooking, electricity and public transport, as it seeks to stabilise prices amid sharp global energy market volatility

Egypt signs $500mn investment deal with Arcius to develop Harmattan gas field

Egypt’s state-owned Egyptian Natural Gas Holding Company (EGAS) has signed a final investment decision (FID) agreement with energy firm Arcius to develop the Harmattan gas field in the Mediterranean, with total investments estimated at up to $500mn

Putin strengthens food supply ties with Egypt, proposes grain and energy hub

Russian President Vladimir Putin has instructed his government to work on securing food supplies to Egypt, particularly grain shipments, as part of efforts to strengthen strategic ties between the two countries.

Renaissance Africa Energy reports increased gas output

Renaissance Africa Energy Company Nigeria Ltd has reported gas production of 2.2bcf and raised its output target to 3bcf by 2030, citing regulatory support and operational expansion

Chevron backs Aseng gas project to extend Equatorial Guinea LNG exports

Chevron (NYSE:CVX) has approved the Aseng Gas Monetisation Project in Equatorial Guinea, advancing a development aimed at sustaining the country’s LNG exports into the mid-2030s, subject to final regulatory approval

Nigeria exports 950,000 barrels of new Cawthorne blend crude in first lifting from FSO terminal

Nigerian National Petroleum Company Limited has exported 950,000 barrels of a new Cawthorne blend crude, marking the first lifting from the FSO Cawthorne facility — Nigeria’s first new crude oil terminal in 50 years.

Libya licensing round falls short amid legal and structural challenges

Libya’s latest oil and gas licensing round has delivered weaker-than-expected results, mainly due to persistent legal, fiscal and structural challenges facing the country’s energy sector.