AfrOil - Africa Oil & Gas
AEC presents African Energy Person of Year 2026 award to Nigeria’s Aliko Dangote
The African Energy Chamber (AEC) has presented the “African Energy Person of the Year” award to Nigerian businessman and industrialist Aliko Dangote, the founder, president and CEO of the Dangote Group.
Malabu faction sues Nigerian government over OPL 245 split
A faction of Malabu Oil & Gas Ltd has filed a NGN1 trillion ($727.84mn) suit against the Nigerian government, challenging the restructuring of the disputed OPL 245 oil block and alleging unlawful interference with its interests.
Tanzanian conglomerate Amsons Group nears $250mn Oryx Energies takeover in East Africa energy shift
A Tanzanian conglomerate, Amsons Group, is nearing a $250mn acquisition of Swiss-based Oryx Energies in a deal that would shift control of key fuel storage and distribution assets across East and Central Africa
Meren backs Impact Oil & Gas Namibia-focused Orange Basin overhaul
Meren Energy (TSX:MER) has backed a restructuring at Impact Oil & Gas that will separate South African exploration assets from its Namibian portfolio, sharpening the company’s focus on the Venus discovery offshore.
Nigeria's Niger State seeks Dangote investment in Bida Basin oil exploration
Nigeria's Niger State is inviting Dangote Group and other private investors to participate in crude oil exploration in the Bida Basin as it steps up efforts to attract industrial and energy investments.
Eni approves Baleine Phase 3 FID to lift Côte d’Ivoire oil output
(BIT:ENI) and partners PETROCI and Vitol have approved the Baleine Phase 3 offshore expansion in Côte d’Ivoire, a project set to raise oil production to 150,000 bpd and gas output to 200mn cubic feet per day (mmcfd)
Malawi electricity generation capacity falls by 105 MW amid forex, diesel shortages
Foreign currency and diesel shortages and frequent breakdowns at some of Malawi’s power plants have removed up to 105 megawatts (MW) from the national grid, Nyasa Times reported on May 24.
QatarEnergy signs MoU on exporting Cypriot gas via Egypt
The agreement announced on May 21 will examine how future gas production from offshore Cyprus could be integrated with Egypt’s domestic gas network and LNG facilities.
IEA chief warns of oil markets entering "red zone" by July-August
Global oil markets could enter the “red zone” by July-August if additional Middle Eastern export supplies fail to materialise and inventories continue falling during the peak summer demand season.
Ghana bets on oil rebound after years of declining crude output
Ghana expects its petroleum sector to return to growth this year after five consecutive years of declining crude production, Energy Minister John Jinapor said.
Nigeria's Dangote and Ethiopia plan new oil and gas pipelines through Djibouti
Nigeria's Dangote Group is deepening its expansion into East Africa after submitting plans alongside Ethiopian Investment Holdings to develop a network of refined products, crude oil and natural gas pipelines linking Ethiopia to Djibouti.
Nigeria’s NNPCL accuses Dangote refinery of seeking fuel market monopoly in import licence dispute
Nigeria’s state oil company has accused Dangote Petroleum Refinery of attempting to dominate the country’s fuel market through a lawsuit challenging import licences granted to rival fuel marketers, deepening tensions over competition and supply.
Egypt’s Agiba Petroleum announces major gas discovery in Western Desert
Egyptian upstream oil and gas operating company Agiba Petroleum has announced a new natural gas discovery in the Western Desert with estimated reserves of 330bn cubic feet of gas, alongside around 10mn barrels of condensates and crude oil
AEC to promote African energy opportunities at ARPEL Conference in Buenos Aires
The African Energy Chamber will use the upcoming ARPEL Conference in Buenos Aires to promote Africa as a major destination for South American energy investment and cooperation.
ReconAfrica advances production testing at Namibian discovery well Kavango West 1X
Downhole testing at the onshore Kavango West 1X (KW1X) find at petroleum exploration licence (PEL) 073 in the southwestern African nation is set to begin before the end of May.
Can Chinese investors revive Nigeria’s troubled state-owned refineries?
Nigeria may give Chinese firms long-term operational and ownership stakes in the troubled Port Harcourt and Warri refineries; repeated state-led rehabilitation efforts have failed to restore stable operations.
Nigerian petroleum regulators pledge closer coordination to boost investor confidence
Nigeria’s upstream and downstream petroleum regulators have agreed to deepen cooperation to reduce regulatory uncertainty, improve policy consistency and strengthen investor confidence across the oil and gas industry,
Nigeria’s Seplat Energy targets $1bn shareholder payout as output expansion accelerates
Seplat Energy plans to deliver $1bn in shareholder dividends over the next four to five years as the Nigerian oil and gas producer accelerates production growth following the integration of Mobil Producing Nigeria Unlimited assets
Uganda backs Dangote-led East Africa refinery plan as regional energy push deepens
Ugandan President Yoweri Museveni has endorsed a proposed East African regional oil refinery led by Nigerian industrialist Aliko Dangote, signalling Kampala’s willingness to take an equity stake as governments seek to expand refining capacity
Egyptian firm Enppi secures $355mn deal for integrated energy project in Oman
Egyptian oil engineering and energy services firm Enppi has secured a $355mn contract to execute the integrated Badour North-East Birba project in Oman on behalf of Petroleum Development Oman (PDO)
Tanzania clears construction phase for $4bn East African Crude Oil Pipeline
Tanzania’s Ministry of Energy has formally endorsed the next phase of the $4bn East African Crude Oil Pipeline (EACOP), clearing the way for heavy machinery to begin trenching along the 1,443-kilometre route linking Uganda and Tanzania
Panoro Energy targets 20,000 bpd after offshore Equatorial Guinea acquisition expansion
Panoro Energy ASA (OSE:PEN) is on track to increase net production to 20,000 bpd during 2027 following its acquisition of an additional stake in Block G offshore Equatorial Guinea. It also expanded reserves and advanced new offshore Gabon drilling.
BW Energy targets 100,000 boepd after Gabon and Brazil investments
BW Energy Limited has approved offshore development projects in Gabon and Brazil containing a combined 68mn barrels of oil equivalent in 2P reserves, targeting production above 100,000 boepd by 2028.
Congo pushes stronger local content and LNG expansion in energy sector talks with AEC
High-level talks between Congo’s minister of hydrocarbons and the African Energy Chamber focused on strengthening local content and advancing gas sector expansion to position the country as a regional gas hub.
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