AfrOil - Africa Oil & Gas

Ivory Coast secures $751.6mn financing for Songon gas power plant

Ivory Coast has signed financing agreements for a 372MW combined-cycle gas-fired power plant in Songon, near Abidjan, in a project valued at XOF423.166bn ($751.6mn).

Expanding FLNG capacity strengthens Congo’s gas-focused energy strategy

The Republic of the Congo is moving towards a more flexible and export-focused gas sector as new floating liquefied natural gas (FLNG) developments emerge alongside existing capacity.

Nigeria says oil production unaffected by NUPRC workers’ strike over training, local capacity policy

Nigeria’s upstream oil production is unaffected despite a nationwide strike by workers at the NUPRC, as tensions grow over management’s decision to prioritise local technical training programmes over overseas capacity-building initiatives.

Tanzania’s TOL Gases reports lower Q1 revenue as finance costs rise

TOL Gases (DSE:TOL) reported lower quarterly revenue and continued liquidity pressure for Q1 as higher finance costs and bank overdraft utilisation weighed on performance despite positive operating cash flow and reduced liabilities.

Mozambique invites more South Korean investment into green hydrogen, critical minerals, agriculture

Mozambique is keen to collaborate with South Korea in mining, natural gas, infrastructure, green hydrogen and agriculture, a minister visiting Seoul said.

Zanzibar plans deep-sea fishing vessels, fresh oil surveys in $80mn blue economy budget

Africa-focused Savannah Energy secures $43.2mn loan, cash generation up 48% y/y in January-March

Savannah Energy (AIM: SAVE) reported stronger cash generation and lower debt in the first four months of 2026, while securing a new £32mn financing facility from its largest shareholder, NIPCO Plc, to support operations and growth plans.

Trident Energy applies its Equatorial Guinea operating model to Congo’s mature oilfields

London-based independent oil and gas company Trident Energy is advancing the development of its assets in the Republic of Congo.

Nigerian National Petroleum Company reports $350.9mn profit in April on higher production and revenue

Nigerian National Petroleum Company Limited (NNPCL) saw a 74.3% month-on-month increase in profit after tax to NGN481bn ($350.9mn) in April 2026, supported by stronger production and higher revenue

Nigeria’s Tinubu commissions four CNG infrastructure projects

President Bola Tinubu has commissioned four compressed natural gas (CNG) infrastructure projects across Lagos, Abuja and Owerri as part of efforts to reduce transport costs and increase domestic gas utilisation

Congo’s mature oilfields are powering new offshore production growth

Ammat Global Resources, an independent hydrocarbon producer based in the Republic of Congo (RoC), is demonstrating how mature offshore oilfields can still deliver significant production growth through targeted upgrades and efficient asset management.

Israel cuts gas exports to Egypt by 23% for Tamar and Leviathan maintenance

Israel has reduced natural gas exports to Egypt by around 23% to 850mn cubic feet per day (cfd) due to partial maintenance work at its Tamar and Leviathan offshore fields in the Mediterranean

Algeria signs hydrocarbons cooperation deal with Democratic Republic of Congo

Algeria has signed a new cooperation agreement with the Democratic Republic of Congo targeting joint development across the full hydrocarbons value chain

Ghana refinery revival gains momentum with one million-barrel crude shipment

Ghana’s Tema Oil Refinery (TOR) has received about one million barrels of Bonga crude oil as it steps up efforts to revive domestic refining capacity and strengthen energy security.

Dangote refinery could save Nigeria $11.2bn annually in fuel imports

Nigeria could save more than $11.2bn annually in petrol import costs and attract up to $11bn in foreign exchange inflows if the Dangote Petroleum Refinery is fully integrated into the country’s fuel supply chain

Namibia's Nictus invests $6mn in coastal towns as offshore oil pulls more business to Atlantic Ocean edge

Ghana’s China power model offers Africa blueprint for smarter energy deals

African countries could secure better outcomes from Chinese-backed power projects by studying how Ghana negotiated, financed, and supervised major energy infrastructure over the past decade, a new report says.

Botala Energy completes drilling first production well at CBM project in Botswana

Botala Energy (ASX/BSE: BTE) said on May 28 that its main commercial production well at its Serowe Coal Bed Methane (CBM) project in Botswana has reached total depth (TD).

Kenyan president Ruto appoints new petroleum secretary after fuel-sector controversy

Kenya President William Ruto has appointed Kello Harsama as Petroleum Principal Secretary following the resignation of senior energy sector officials amid allegations linked to fuel stock data and emergency fuel import arrangements.

Ammat Global Resources promotes Congolese-led operations as model for stronger upstream performance

Ammat Global Resources, an independent hydrocarbon producer based in the Republic of Congo, has created a competitive operating model, showing that localisation can strengthen upstream performance while supporting ESG goals.

Mozambique study finds $2bn discrepancy on investment TotalEnergies claims on gas project

Independent audit commissioned by Mozambique’s government to assess expenses that TotalEnergies (Paris/LSE/NYSE: TTE) incurred at its project in the country between 2021 and January 2026 has found a $2bn discrepancy.

Zimbabwe, Australian junior Invictus Energy ink production sharing deal for gas project

Australian gas explorer and developer Invictus Energy (ASX: IVZ, VFEX: INV) (Invictus) signed a petroleum production sharing agreement (PPSA) with Zimbabwe on May 27.