AfrOil - Africa Oil & Gas
Libya's NOC signs unified operating agreement for Murzuq Basin oil field
Libya's state-run energy utility, the National Oil Corporation (NOC), has signed a unified operating agreement for the I/R field within the concession areas NC 115 and NC 186 in the Murzuq Basin
US EIA predicts gaping deficit in oil supply for full year
Supply will fall 7mn bpd, and demand by only 1mn bpd.
QatarEnergy reports fourth oil discovery in prolific Orange Basin offshore Namibia
QatarEnergy has discovered oil in an offshore field in Namibia following the successful drilling of the Merlin-1X exploration well in Petroleum Exploration Licence 39 (PEL 39).
Rising oil prices could lift Ghana’s petroleum revenues to $1.5bn, minister says
Ghana expects petroleum revenues to surge to about $1.5bn in 2026, well above the $985mn projected in the national budget, according to Finance Minister Cassiel Ato Forson.
Nigeria’s NUPRC sets June 12 deadline for 2025 oil block bids
Nigeria’s 2025 Licensing Round offered 50 oil and gas blocks, comprising 15 onshore blocks, 19 shallow-water blocks, 15 frontier blocks and one deep-water block.
Impact Oil & Gas restructuring positive development for Africa’s upstream sector, says AEC
Angolan tax incentives surge to 1,517% over six years, 90% concentrated in non-oil sector
Angola’s fiscal incentives increased more than 16-fold between 2018 and 2024, reaching 2.98 trillion kwanzas ($3.3bn), as the crude producer expanded its use of tax exemptions to support investment and economic activity.
More than 240,000 barrels of oil spilled annually in Niger Delta, civic group says
Civil society organisation We The People has called for urgent government action to address the environmental and public health consequences of oil and gas operations in Nigeria’s Niger Delta
Nigeria’s oil revenue slump deepens fiscal pressure
Nigeria’s oil and gas revenues fell sharply below target in the first nine months of FY25, raising concerns over the government’s ability to fund spending as weaker prices, crude theft and production challenges weighed on public finances
ReconAfrica begins production testing at Namibia's Kavango discovery
Reconnaissance Energy Africa (TSXV: RECO; OTCQX: RECAF) and its partners have commenced production testing operations at the Kavango West 1X well in Namibia, it said in a release on June 8.
Cameroon’s SCDP to nearly double LPG loading capacity at Bonabéri terminal
Cameroon’s state-owned petroleum storage company Société Camerounaise des Dépôts Pétroliers (SCDP) plans to nearly double loading capacity at its Bonabéri liquefied petroleum gas (LPG) terminal in Douala
Technip Energies wins €1bn Coral Norte FLNG contract in Mozambique in partnership with JGC, Samsung
Technip Energies (EPA: TE) has secured a contract worth more than $1.15bn for the Coral Norte floating LNG project offshore Mozambique, a major step in the development of one of Africa's largest gas provinces.
Mozambique urges local firms to seize $5bn procurement opportunities in gas, energy sectors
Mozambique’s gas industry is expected to procure goods and services worth around $5bn, presenting a major opportunity for domestic companies to expand their role in the country's economy.
Nigeria’s integrated energy firm Heirs Energies wins EMEA award for $750mn financing deal
Nigeria’s Heirs Energies Limited, one of Africa’s leading indigenous-owned integrated energy companies, has been recognised on the global stage at the EMEA Finance Project Finance Awards 2026.
Geopolitical crises are the new norm for energy markets
Geopolitical disruptions are becoming a permanent feature of global energy markets rather than isolated crises.
OPEC+'s symbolic quota raise
OPEC+’s latest decision to raise oil production quotas is unlikely to have much immediate impact on global supply.
Algeria, Nigeria and Niger launch construction on Trans-Saharan Gas Pipeline
Algeria, Nigeria and Niger have launched construction on the Algerian section of the Trans-Saharan Gas Pipeline, advancing a long-delayed project designed to transport up to 30bn cubic metres of Nigerian gas
Cameroon advances Kribi hydrocarbon terminal to boost fuel security and storage
Cameroon has secured presidential approval for financing a major hydrocarbon terminal at the deep-water port of Kribi, aims to nearly double the country's petroleum-storage capacity and significantly expand LPG reserves.
South Africa’s Eskom and Zululand Energy Terminal sign HOA to advance gas-to-power programme
South Africa’s state-owned power utility Eskom and Zululand Energy Terminal have signed a Heads of Agreement establishing the framework for a long-term strategic partnership to support South Africa’s gas-to-power programme.
Libyan crude exports fall to 19-month low amid infrastructure strain
Libya’s seaborne crude oil exports fell by more than 11% month-on-month (m/m) in May 2026, dropping to their lowest level in 19 months
Angola's Etu Energias challenges Energean's $260mn offshore acquisition of Chevron assets
Energean plc (LSE:ENOG) faces uncertainty over its planned $260mn acquisition of Chevron Corporation's (NYSE:CVX) interests in Angola's offshore Blocks 14 and 14K after local producer Etu Energias moved to exercise pre-emption rights.
Nigeria to launch 2026 oil licensing round by third quarter
Nigeria’s upstream regulator plans to launch the 2026 oil licensing round by the third quarter of 2026 after securing presidential approval
South Africa's Eskom secures LNG supply agreement with Vopak's JV Zululand for Richards Bay project
Eskom has signed a long-term LNG agreement with the Zululand Energy Terminal, providing access to South Africa's planned first LNG import facility and supporting a proposed 3,000 MW gas-fired power project at Richards Bay.
Egypt approves four oil and gas exploration agreements worth $53mn
The Egyptian cabinet approved four oil and natural gas exploration agreements with combined minimum investments of $52.97mn, committing to drilling six new wells
Rovuma LNG project could add $11bn annually to Mozambique GDP, says Standard Bank
The Rovuma LNG project in Mozambique could contribute about $11bn annually to the country's gross domestic product (GDP) and generate up to $150bn in state revenue over its 30-year lifespan, a new study released by Standard Bank Mozambique says.
Egypt, Chevron set September 2026 deadline to finalise Aphrodite gas field deals
Egypt and US energy major Chevron (NYSE:CVX) have agreed to finalise all core agreements to connect Cyprus’s Aphrodite gas field to Egyptian infrastructure for liquefaction and re-export by September 2026
Nigerian Supreme Court overturns asset freeze on Nestoil and Neconde
Nigeria’s Supreme Court has overturned a Court of Appeal order freezing the assets of Nestoil Limited, Neconde Energy and their promoters, ruling that the appellate court acted beyond its jurisdiction
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