AfrOil - Africa Oil & Gas
Senegal's powerful ex-PM Ousmane Sonko opens door to IMF debt talks as fiscal crisis deepens
Sonko, now parliamentary speaker, is ready to talk debt restructuring with the IMF, as Senegal seeks to resolve a fiscal crisis owing to $7bn in “hidden debt”, while banking on new oil & gas revenues to boost public finances, support growth.
AEC, SPE Africa agree to boost technical collaboration across Africa’s energy sector
The African Energy Chamber (AEC) and the Society of Petroleum Engineers (SPE Africa) have signed a memorandum of understanding (MoU) aimed at advancing technical collaboration, knowledge sharing and innovation across Africa’s energy industry.
Nigeria’s gas output edges higher as non-associated production gains ground
Nigeria’s average daily natural gas production rose to 7.93 bcf/d in May 2026, up 0.63% year on year, as growth in non-associated gas projects continued to support the country’s efforts to expand domestic supply and exports
Libya's NOC signs production-sharing deals with energy majors
Libya's National Oil Corporation (NOC) has signed production-sharing agreements with several leading international companies following the country's first licensing round in nearly 20 years
Ghanaian petroleum marketer GOIL defies revenue slump to lift profit and dividend
Ghanaian petroleum marketer GOIL PLC (GSE:GOIL) increased profit and raised its dividend for the first time in three years despite a decline in revenue.
Brazil’s Petrobras secures PSCs for eight exploration blocks offshore Côte d'Ivoire
Brazilian oil major Petrobras is expanding its presence in West Africa after moving ahead with production sharing contracts for eight offshore exploration blocks in Ivory Coast.
Nigeria's NNPCL sued over alleged $4.27mn rebranding costs
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL), seeking details of about NGN5.8bn ($4.27mn) allegedly spent on the incorporation, transition and rebrand
Chevron unit CABGOC awards Angola construction management contract to Dubai-based Kent
The award strengthens Kent's position in Angola's energy sector as the country seeks to sustain crude output of around 1.1mn bpd through continued investment in offshore oilfield operations and infrastructure.
Uganda unveils $22.75bn budget as oil production push drives growth
Uganda has unveiled an UGX84.4 trillion ($22.75bn) 2026/27 budget, projecting 10.2% economic growth driven by oil, infrastructure, agriculture and industrial expansion ahead of first commercial oil production later this year.
Egypt and Eni discuss gas output increase and Cronos field link-up
Egypt is currently discussing plans with Italian energy major Eni to increase natural gas production from the company's concession areas in the Mediterranean and the Nile Delta, as well as the Cronos field link-up
Eni secures 15 offshore blocks in Guinea as MSGBC Basin attracts fresh investment
Italian energy major Eni has secured reconnaissance permits for 15 offshore blocks in Guinea.
Egypt adds 12,000 barrels per day from two-week Western Desert investments
Egypt's petroleum sector has added nearly 12,000 barrels per day (bpd) of crude oil and condensates to Western Desert output over the past two weeks
Libya's oil revenues hit decade high in May on Hormuz crisis windfall
Libya's state-run energy utility, National Oil Corporation, registered its strongest monthly revenue performance in more than a decade in May 2026, as the Strait of Hormuz crisis pushed crude prices to elevated levels.
Nigerian industrial tech firm RusselSmith rebrands to Arridex reflecting shift from oil & gas sector roots
Nigerian industrial technology firm Arridex has rebranded from RusselSmith as it expands beyond its traditional oil and gas roots and accelerates its push into advanced manufacturing, autonomous systems and industrial technology.
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