AfrOil - Africa Oil & Gas
Congo targets higher oil and LNG output as investment momentum builds
The Republic of Congo is shifting from resource potential to commercially viable energy projects, strengthening its position as one of Central Africa’s most attractive oil and gas investment destinations.
Algeria, Nigeria offer biggest opportunities in Africa for low-cost methane emissions cuts, report finds
African oil & gas producers can achieve significant methane emissions cuts using existing tech, Carbon Limits says, noting infrastructure, regulation and gas commercialisation prospects will determine the economics of abatement.
UK's Europa Oil & Gas extends deadline to wrap up farm-out deal in Equatorial New Guinea
London-listed Europa Oil & Gas said on June 22 it had extended the deadline to complete a farm-out agreement covering its offshore Equatorial Guinea licence to July 31,
Nigeria's Aradel Q1 profit jumps 252% y/y after Renaissance Africa Energy consolidation
Aradel Holdings (NGX: ARADEL) also reported a 265% y/y rise in revenue as the consolidation of ND Western and its majority stake in Renaissance transformed the scale of its operations.
Ex-Nigerian oil minister Alison-Madueke cleared in UK corruption trial, still faces domestic charges
Former Nigerian oil minister Diezani Alison-Madueke has been acquitted of all corruption charges in the UK following a five-month trial in London, bringing a 13-year investigation to a close
Egyptian oil services major Enppi requests bourse listing
The Egyptian Exchange (EGX) has received a formal request to list the shares of the Engineering for the Petroleum and Process Industries (Enppi) on its main market
Nigeria approves new fuel imports for Q3 as Dangote refinery gasoline output falls
Nigeria has approved a new round of petrol and diesel imports for the third quarter of 2026 as declining gasoline production at the Dangote Petroleum Refinery and tightening fuel inventories raise concerns over potential supply shortages.
US independent Murphy Oil makes Bubale-1X discovery offshore Côte d’Ivoire
US independent energy company Murphy Oil Corporation (NYSE: MUR) on June 22 announced an oil discovery at the Bubale-1X exploration well in Block CI-709 offshore Côte d’Ivoire.
Angola approves tax incentives for four geologically complex offshore oil blocks
Angola's government has approved additional tax incentives for four offshore oil blocks as it seeks to attract investment into technically challenging and high-risk concession areas, according to Lusa and VerAngola on June 22.
Algeria and Saudi Madar Energy accelerate Illizi South oil partnership
Algeria and Saudi firm Madar Energy North Africa are accelerating the implementation of the $5.4bn Illizi South hydrocarbons project, with both sides reviewing preparations for the contract's entry into force, covering technical and regulatory aspect
Liberia urges caution over Grand Bassa oil reports as tests find no reserves
Liberia's Parliament has called for further scientific investigations into reports of a possible oil discovery in Grand Bassa County after tests failed to confirm commercially recoverable crude.
Egypt settles Dana Gas arrears as drilling triples expectations
UAE-based Dana Gas (ADX:DANA) has cleared all outstanding arrears with the Egyptian government after receiving a final payment of $21.5mn
Saipem, TechnipFMC win $1.3bn contracts on Angola’s Greater PAJ oil project
Italian offshore contractor Saipem and energy services company TechnipFMC have secured major contracts for the Greater PAJ oil development offshore Angola following the project's final investment decision
US eases Iran oil sanctions, price on Brent crude drops over 3.5%
The United States has partially lifted sanctions on Iranian oil exports following what officials have described as encouraging progress in negotiations aimed at ending hostilities between Washington and Tehran.
Turkey’s foreign minister meets Trump’s co-in-law 'fixer' in Cairo
Lebanese-born billionaire Massad Boulos is a man with a unique portfolio. He serves as US senior advisor for Arab and African affairs. His son is married to Tiffany Trump.
AEC and Côte d’Ivoire discuss upstream growth and Africa Energy Bank progress
The African Energy Chamber has held high-level talks in Côte d’Ivoire on expanding upstream activity, attracting new investment and advancing the establishment of the Africa Energy Bank.
Zambia confirms Vitol as exclusive Tazama pipeline fuel supplier
Zambia has finally disclosed that global commodities trader Vitol is the exclusive supplier of diesel through the Tazama pipeline, a temporary arrangement introduced to safeguard fuel supplies following disruptions in global oil markets.
Nigeria says net-zero emissions goal by 2060 remains achievable
Nigeria can still achieve its target of net-zero greenhouse gas emissions by 2060 despite significant challenges, according to the National Agency for Science and Engineering Infrastructure
Nigeria flared estimated $270mn worth of gas in 5M2026
Nigeria flared 76.92bn cubic feet (2.18bn cubic metres) of natural gas worth an estimated $270mn in the first five months of 2026, even as domestic cooking gas prices more than doubled.
Libya hits highest oil output since 2013
Libya’s crude oil production has reached 1.43mn barrels per day (bpd), marking its highest output level since 2013
Baleine expansion and fresh exploration lift Côte d'Ivoire's energy profile
At the centre of Côte d'Ivoire's expansion plans is the Baleine field, operated by Eni SpA (BIT:ENI) in partnership with Petroci and Vitol. The third phase of the development is expected to raise production to around 150,000bpd.
Woodside weighs Sangomar expansion as Senegal strengthens oil exports
Woodside Energy Group Ltd (ASX/NYSE:WDS) and Senegal's Petrosen are evaluating a second phase of development at the Sangomar field that could unlock an additional 250mn barrels of recoverable oil.
Kosmos exits Equatorial Guinea with $127mn sale of Ceiba and Okume assets to Panoro
Kosmos Energy (NYSE/LSE: KOS) has completed the sale of its interests in Equatorial Guinea's Ceiba field and Okume Complex to Panoro Energy (OSE: PEN) for $127mn, as it refocuses on core assets in Ghana, Mauritania and Senegal.
Bourbon wins subsea contract for Ghana's 100,000-bpd Jubilee field
French offshore services group Bourbon has secured a subsea services contract on Ghana's flagship 100,000-bpd Jubilee field, operated by Tullow Oil and alongside partners including Kosmos Energy.
Libya’s Sirte Oil hits high-yield well at Al-Khair field
Libya’s state-owned National Oil Corporation (NOC) announced that its subsidiary, Sirte Oil Company for Production and Manufacturing of Oil and Gas, has completed a development well at the Al-Khair oilfield
Egypt signs gas expansion deals with Harbour Energy, Eni
Egypt has signed new agreements on June 17 with British firm Harbour Energy (LSE:HBR) and Italy's Eni (BIT:ENI) to raise natural gas production and establish an economic framework to stimulate foreign investment
Nigeria's gas output rises marginally in May to 7.93bcfd as domestic demand grows
Nigeria's natural gas production rose 0.6% year on year to 7.93bcfd in May 2026, according to NUPRC data, as stronger associated gas output and rising domestic demand offset weaker exports.
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