AfrOil - Africa Oil & Gas
Libyan crude exports drop 2.5% in H1 2026 to 1.16mn bpd
Libya’s seaborne crude oil exports dropped by 2.5% during H1 2026
Libya partners with Qatar's UCC for $1bn Ghadames Basin oil project
Libya’s National Oil Corporation (NOC) has signed an Exploration and Production Sharing Agreement (EPSA) with Qatar's UCC Holding and the Libyan Investment Authority (LIA) to develop Area 47 in the strategic Ghadames Basin
World Bank approves $875mn financing for Côte d’Ivoire, pledges to support gas sector expansion
The World Bank has approved $875mn in financing for Côte d’Ivoire to support growth, jobs and community resilience, while signing an interim agreement with Eni's subsidiary to provide technical assistance for the country’s Gas Master Plan.
Dangote confirms planned Kenya refinery could cost up to $17bn
A planned oil refinery on Kenya's coast backed by Africa's richest businessman, Aliko Dangote, could cost as much as $17bn, making it one of the largest energy investments ever proposed in East Africa
Angola’s oil reforms seen as blueprint for attracting upstream investment in Namibia, says AEC
Namibia could strengthen its prospects of becoming a major oil producer by adopting elements of Angola’s upstream reform programme, which has helped restore investor confidence and attract billions of dollars in new energy investment.
Baker Hughes clinches 13-year tubomachinery service deal at Nigeria LNG
The contract will support the operation of NLNG’s Train 7 expansion, which will increase the facility’s LNG production capacity from 22mn to 30mn tonnes per year once completed.
Nigeria’s NNPCL signs LNG and industrial gas deals linked to more than $20bn in investment
NNPC Ltd has signed gas sale and purchase agreements linked to more than $20bn in investment, covering LNG feed gas and domestic industrial supply as Nigeria seeks to boost oil and gas output.
Nigeria's oil producers seek PIA review as tax burden tops 270 levies
Nigeria's indigenous oil producers have urged the government to review the Petroleum Industry Act (PIA) and reduce more than 270 taxes and levies they say are undermining investment
Nigeria's Oando FY2025 pre-tax profit falls 64.6% despite higher production
Oando Plc (NGX: OANDO; JSE: OAO) has reported a 64.6% decline in FY2025 pre-tax profit to NGN135.76bn ($99.02mn) as weaker revenue, a gross loss and higher finance costs weighed on earnings despite stronger oil and gas production.
Renaissance makes major offshore oil discovery in Nigeria, targets production growth
A major offshore oil discovery by Renaissance Africa Energy Company Limited in Nigeria's OML 74 is expected to support higher crude oil production, strengthen reserve replacement and accelerate the development of new output
TechnipFMC wins Eni subsea contract for Baleine Phase 3 off Côte d’Ivoire
TechnipFMC will supply flexible flowlines and risers for Eni’s Baleine Phase 3 development offshore Côte d’Ivoire, a contract valued at $75mn-$250mn.
German firm Everllence wins compressor contract for Angola FPSO project
Everllence will supply eight compressor trains for a new floating production storage and offloading (FPSO) vessel being built for offshore Angola, the company said in a statement on July 6.
China’s Hengli opts against receiving 2mn barrels of West African crude as US sanctions take effect
The cancelled cargoes include crude already delivered to storage facilities in eastern China and shipments scheduled for July.
Uganda farmers file UK lawsuit seeking to halt $5.6bn EACOP oil pipeline
Four Ugandan farmers have filed a case at the UK High Court seeking to stop crude oil from flowing through the $5.6bn East African Crude Oil Pipeline (EACOP).
Egypt offers 62 gas investment opportunities amid upstream development push
Egyptian Ministry of Petroleum and Mineral Resources has launched 62 new investment opportunities through the Egypt Upstream Gateway (EUG) as the country announces a comprehensive revitalisation of its oil and gas sector
Angola’s experience in upstream sector revival offers valuable lessons to Libya, says AEC
Libya has restored crude production to about 1.5 million barrels per day, its highest level in more than a decade, but maintaining that momentum will require a more attractive investment environment.
Ghana's Jubilee oilfield ramps up output as Kosmos presses ahead with 2026 drilling campaign
A newly drilled well at the Jubilee field off Ghana's coast is producing strongly and helping lift overall output, Kosmos Energy said, as the US-based operator pushes forward with its 2026 drilling programme.
Tanzania targets late-2026 start for $26.66bn LNG project as investor talks continue
Tanzania plans to begin implementation of its long-delayed liquefied natural gas (LNG) project in the southeastern region of Lindi later this year.
Cameroon targets Yoyo–Yolanda gas project as Hilli FLNG nears end of life
Cameroon’s National Hydrocarbons Corporation (SNH) says the country’s gas industry is entering a new phase as production from the Hilli Episeyo floating LNG (FLNG) project nears the end of its planned lifespan
Nigeria's Supreme Court orders return of $225mn oil cargo to General Hydrocarbons
Nigeria's Supreme Court has ordered the return of a crude oil cargo worth more than $225mn to General Hydrocarbons Limited (GHL)
Eni and Altera advance Baleine Phase 3 FPSO offshore Côte d’Ivoire
Eni and Altera Infrastructure have signed agreements for a new FPSO for Baleine Phase 3, which will lift Côte d’Ivoire field output to 150,000 bpd.
GUPCO raises Egypt’s North Safa field production with new Gulf of Suez well
Egyptian Gulf of Suez Petroleum Company (GUPCO) is preparing to bring a new well online in the coming days, injecting an additional 2,500 barrels per day (bpd) into its production scale
South Africa can learn from Angola’s upstream sector revival, says AEC
South Africa has laid much of the legal and institutional groundwork needed to develop its oil and gas sector, but the real challenge is turning those reforms into sustained investment.
OPEC+ members stick together with latest output raise
OPEC+’s seven core producers have agreed a modest easing of voluntary supply curbs from August, signalling a cautious, coordinated shift in strategy rather than a wholesale change of direction.
Shell Nigeria, nine banks launch $3bn facility for local oil contractors
Shell Nigeria Exploration and Production Company has launched a $3bn contract finance facility with nine banks to support local contractors working on its oil and gas projects.
Angola targets regional refining hub status through downstream expansion
Angola is accelerating plans to become a major refining and petroleum trading hub in Africa via investments in refineries, fuel storage and logistics infrastructure aimed at reducing its dependence on imported fuels and expanding regional exports.
Namibia cuts fuel prices, revamps procurement system after $80mn support bill
Namibia has reduced fuel prices for July and announced an overhaul of its fuel procurement system after spending about $80mn cushioning consumers from rising global oil prices, the government has said.
Genel Energy agrees $360mn all-cash acquisition of Egypt-focused Capricorn
UK-listed Genel Energy (LSE:GENL) has agreed terms to acquire British oil and gas exploration and production company Capricorn Energy (LSE:CNE) in an all-cash deal valued at $360mn, giving the company a strategic entry into Egypt's oil and gas sector
Congo’s SNPC explores fuel supply partnership with Nigeria’s Dangote Refinery
SNPC and Dangote Refinery have begun talks on fuel supplies, refining cooperation and energy infrastructure as the Republic of Congo seeks to reduce imports of refined petroleum products.
Nigeria’s NNPCL profit down 12.85% m/m in May despite steady oil and gas production
Nigeria's state-owned NNPCL reported weaker financial results in May despite stable crude oil and natural gas production as it advances the AKK and OB3 gas pipelines.
Nigeria's Heirs Energies launches digital operations centre to optimise OML 17 production
Heirs Energies has launched a digital Integrated Operations Monitoring Centre for its OML 17 joint venture, integrating production monitoring, security surveillance and AI-enabled operational intelligence into a single platform.
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