AfrOil - Africa Oil & Gas
Tanzania development bank expands financing push for renewable energy projects
TIB Development Bank is preparing to increase financing for energy projects in Tanzania, including solar, wind and hydropower, as the state-owned lender seeks to advance the country’s Dira 2050 development agenda.
Regional integration key to SADC energy security, Ramaphosa says
South African President Cyril Ramaphosa and the African Energy Chamber are calling for deeper regional integration in energy, infrastructure and trade to strengthen SADC’s energy security and support industrial development.
Equinor enters Namibia with 17.4% stake in Chevron-operated offshore licence
Equinor has agreed to acquire a 17.4% participating interest in PEL 90 offshore Namibia from Chevron subsidiary Harmattan Energy Limited, marking the Norwegian oil producer’s entry into the emerging Orange Basin.
S&P affirms Angola at B- as high oil prices offset fiscal and debt risks
S&P expects oil prices to average about $98 per barrel in 2026, compared with $69 per barrel in 2025 and the $61 per barrel assumption used in Angola’s 2026 budget.
Ghana says gas-to-power shift saves $500mn a year as oil output rebounds, says minister
Ghana's switch to gas-fired power generation has cut its reliance on imported liquid fuels, saving the country roughly $500mn a year, Energy and Green Transition Minister John Abdulai Jinapor said.
Natural gas emerges as potential power source for Africa’s data centre growth
Natural gas is emerging as a potential source of reliable electricity for Africa’s expanding data centre industry, as operators face weak national grids and rising power requirements from artificial intelligence workloads.
Mauritius’ labour union demands transparency on petrol price build-up
Mauritius’ decision to raise petrol prices by 10% has triggered criticism from trade unions and financial analysts, who warn the increase will squeeze household incomes and raise transport and consumer costs, Le Mauricien reported on August 18.
Mozambique sees LNG revenues topping $101mn by 2029
Mozambique expects state revenues from liquefied natural gas (LNG) projects to rise to more than $101mn in 2029, when TotalEnergies’ project is scheduled to begin production.
ExxonMobil and partners award $1.1bn of pre-FID contracts for Mozambique’s Rovuma LNG
ExxonMobil and its Area 4 partners have awarded about $1.1bn in contracts for long-lead equipment and early construction work for the Rovuma LNG project in Mozambique, as the developers move closer to a final investment decision (FID).
Yemen's Houthis claim strikes on Saudi navy vessels in Red Sea
Yemen's Houthi movement says it struck a Saudi military landing ship and four escort boats with ballistic missiles in the Red Sea off Mokha, claiming the ship was destroyed. The assertions could not be independently verified.
ReconAfrica flows gas and potential liquids to surface at Namibia well
ReconAfrica has flowed natural gas and potential liquids to surface from a second zone at its Kavango West 1X discovery well in northeastern Namibia.
Nigeria's Dangote refinery challenges regulator over 15.5mn-barrel crude supply gap
Nigeria’s Dangote Petroleum Refinery has challenged upstream regulator NUPRC to substantiate its claim that the plant accepted 52.6mn barrels of the 68.1mn barrels of crude offered by producers in 2Q26, leaving a 15.5mn-barrel gap.
Namibia estimates 10bn barrels of petroleum resources after 50 exploration wells
Namibia has drilled about 50 oil and gas exploration and appraisal wells and estimates its petroleum resources at around 10bn barrels, of which about one-third could be commercially recoverable, Bank of Namibia Governor Ebson Uanguta has said.
Analysts predict mid-to-high $80s per barrel oil prices for this year
Oil price forecasts for 2026 are converging around the mid-to-high $80s per barrel after months of extreme revisions triggered by the Middle East conflict.
Chevron makes oil and gas condensate discovery offshore Angola
US energy major Chevron (NYSE: CVX) has discovered oil and gas condensate in Angola's offshore Block 0. The 105-4X exploration well was drilled in the Lower Congo Basin.
African Energy Chamber, Lothian Vineyards to launch 'Drill Baby Drill' wine brand at AEW 2026
The African Energy Chamber and South African wine estate Lothian Vineyards have created “Drill Baby Drill”, an exclusive wine brand celebrating Africa’s energy industry ambitions.
ENH seeks $150mn for gas infrastructure in central Mozambique
Mozambique’s National Hydrocarbons Company (ENH) needs $150mn to develop gas transportation, storage and regasification infrastructure at Beira in central Mozambique and Inhassoro farther south.
Algerian energy major Sonatrach begins jet fuel deliveries to Niger
Algerian state energy firm Sonatrach has dispatched its initial shipment of Jet A-1 aviation fuel to Niger, sourced from the Adrar refinery in southwestern Algeria
Oil and gas contractor Nestoil pays $60mn to lenders as Nigeria debt dispute advances
Nigerian oil and gas contractor Nestoil has paid $60mn to a consortium of lenders under a structured repayment arrangement facilitated by the country's Economic and Financial Crimes Commission (EFCC).
Nigeria’s Aradel targets petrol production at modular refinery from 2027
Aradel Holdings Plc (NGX: ARADEL) plans to begin petrol production at its modular refinery in 2027 as Nigeria’s deregulated fuel market improves the economics of domestic production
South Africa's top court blocks Shell's Wild Coast oil exploration
South Africa's Constitutional Court has blocked an offshore exploration programme linked to Shell along the country's Wild Coast, reinstating a High Court order that invalidated the underlying exploration right and its renewals.
Dangote disputes Nigeria crude rejection claim, cites pricing and availability
Dangote Petroleum Refinery and Petrochemicals has disputed suggestions that it rejected 15.5mn barrels of Nigerian crude in 2Q26
Algeria’s Sonatrach launches Kafra Southeast 1 exploration well in Niger
The well forms part of the Kafra block, which Sonatrach operates through its international exploration and production subsidiary SIPEX.
Nigeria gas fund backs about 200 projects as reserve push accelerates
Nigeria's Midstream and Downstream Gas Infrastructure Fund (MDGIF) is supporting about 200 gas projects across the country as Africa's biggest gas reserve holder seeks to accelerate domestic use of the fuel.
Chad anti-corruption inspectors say security agents assaulted them during SHT audit
Chad's independent anti-corruption authority said security agents detained and assaulted members of an inspection team examining crude-oil operations at state-owned Société des Hydrocarbures du Tchad (SHT).
Mozambique approves $50mn emergency fuel import facility
Mozambique has approved an emergency mechanism allowing the mobilisation of up to $50mn through state-owned oil company PETROMOC to safeguard fuel imports and maintain domestic supplies during periods of crisis, Lusa reported on August 12.
Nigeria’s Tinubu approves deep offshore incentives to unlock up to $50bn investment
Nigeria’s President Bola Tinubu has approved a rules-based fiscal framework for the country’s deep offshore oil and gas sector aimed at unlocking up to $50bn in investment, beginning with the roughly $10bn Bonga South West project
Invictus confirms November spud for Musuma-1 well in Zimbabwe
Invictus Energy (ASX: IVZ, OTCQB: IVCTF, VFEX: INV) has confirmed that drilling of the high-impact Musuma-1 exploration well in Zimbabwe's Cabora Bassa Basin will begin in November.
Murphy Oil raises 2026 capex by $300mn after offshore Côte d'Ivoire discovery
US energy company Murphy Oil (NYSE: MUR) has raised its 2026 capital expenditure programme by $300mn after its Bubale oil discovery offshore Côte d'Ivoire opened up new appraisal and development opportunities.
Third EACOP pumping station in Tanzania reaches 88% completion
The third pumping station of the East African Crude Oil Pipeline (EACOP) in Tanzania’s Kagera Region is 88% complete, marking further progress on the infrastructure needed to transport Uganda’s crude oil to the Indian Ocean
Oil-producing Ghana still spends 26% of imports on fuel
Fuel remained Ghana’s biggest import in 2025 despite the West African country producing and exporting crude oil, exposing a persistent weakness in its push to capture more value from its natural resources.
Ghana steps up upstream oil reforms after sixth year of production decline
Ghana is stepping up reforms to lure investors back to its upstream petroleum industry as crude production continues a six-year decline from its 2019 peak.
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