AfrOil - Africa Oil & Gas
African Energy Bank to finance gas projects from early 2027
The Africa Energy Bank will begin financing projects in early 2027 after becoming operational within weeks, Farid Ghezali, secretary-general of the African Petroleum Producers Organization, said at African Energy Week 2026 in Cape Town.
Nigeria’s Dangote refinery earns $2.9bn in third quarter, outstripping entire first half
Nigeria’s Dangote refinery made a $4.73bn net profit in January–September, with the third quarter alone topping the first half, as its $1.6bn IPO was extended to October 27.
Botala Energy reports rising gas flows in Botswana, still below appraisal benchmark
Botala Energy (ASX: BTE; BSE: BTE) has reported increased gas flows at its Pitse Pilot 3.5B well in Botswana, although production remains below the company’s sustained appraisal benchmark and commercial viability has yet to be demonstrated.
Algeria offers onshore oil and gas opportunities to investors at AEW 2026
Algeria’s state-owned National Agency for the Valorisation of Hydrocarbon Resources (ALNAFT) is seeking international investment for seven onshore oil and gas blocks under its 2026 licensing round.
IGU warns fragmented methane regulations could disrupt global gas trade
The IGU has called for greater international coordination of methane regulations, warning that inconsistent compliance requirements could create barriers to natural gas trade and investment.
Seadrill secures drilling deals in Indonesia, Malaysia, Angola
Seadrill (NYSE: SDRL) has won a $420mn drillship contract in Indonesia and extended work for rigs off Malaysia and Angola.
Nigeria meets OPEC crude quota for fifth consecutive month as September output rises
Nigeria pumped 1.53mn bpd of crude in September, 102% of its OPEC quota, as combined crude and condensate output rose 2.34% to 1.72mn bpd, NUPRC data show.
Shell agrees to sell Nigerian gas distribution business to Vaaris Energy
Shell has agreed to sell Shell Nigeria Gas, which supplies more than 130 industrial customers via 170km of pipelines, to Nigerian firm Vaaris Energy.
Senegalese executive leads reported $1bn management buyout of Oryx Energies
The reported buyout would hand one of Africa’s largest independent fuel trading and distribution networks to the executives who already run it, after an earlier approach by financier Simon Tiemtoré’s Lilium Capital.
Tanzania nears agreement on $42bn LNG project after years of delays
Tanzania’s finance minister says the long-delayed $42bn Equinor and Shell-led LNG project is close to agreement, but definitive accords and FID remain pending.
Malawi intensifies crackdown on illegal fuel trading as forex shortages deepen supply crisis
Malawi has intensified nationwide enforcement against illegal fuel traders and hoarders as persistent foreign currency shortages disrupt petroleum imports, leaving motorists facing lengthy queues and businesses struggling to secure supplies.
African Farmout Forum showcases oil and gas investment opportunities at AEW 2026 in Cape Town
The African Farmout Forum has brought together a programme of 23 farmout presentations at African Energy Week (AEW 2026) in Cape Town.
Shell and Chevron seek Ghana offshore drilling deals as oil production declines
Shell (LSE: SHEL; NYSE: SHEL) and Chevron (NYSE: CVX) are negotiating exploration and production rights for an offshore block in Ghana after signing a non-binding preliminary agreement
Ghana's $3.5bn oil investment drive advances amid six-year production decline
Ghana advances $3.5bn in oil investment plans as Tullow and Eni expand drilling and gas infrastructure amid declining output and investor concerns.
Pakistan urges refiners to consider Libyan crude imports
Pakistan has urged its refiners to look at buying crude oil from Libya as it tries to widen its sources of supply during the Middle East crisis, Pakistani Petroleum Minister Ali Pervaiz Malik said.
African Energy Chamber to launch African Energy 2027 Outlook Report at AEW 2026 in Cape Town
The African Energy Chamber (AEC) will launch its State of African Energy 2027 Outlook Report at African Energy Week (AEW) 2026 in Cape Town.
SLB commissions drilling fluids plant in Mozambique to support offshore gas industry
Global oilfield services company SLB (NYSE: SLB) has commissioned a drilling fluids plant in Pemba, northern Mozambique, with an initial storage capacity of 21,000 barrels, expanding infrastructure to support growing offshore natural gas operations.
Egypt cuts planned October LNG imports by 40% as electricity demand falls
Egypt's EGAS reduces planned October LNG imports to 12 cargoes as cooler weather eases electricity demand, despite persistent gas supply shortages.
Italian-led consortium wins five-year services contract for Angola's Greater PAJ oil development
Progeco will oversee engineering and commissioning at Azule Energy's $5.1bn Greater PAJ oil development in Angola, with first production targeted for 2029.
Nigeria cannot allocate full 700,000 bpd of uncommitted crude to Dangote refinery, minister says
Nigeria's oil supply contracts restrict government crude allocations as Dangote expands domestic sourcing and prepares for a $1.6bn IPO.
Nigeria offers 40 oil and gas blocks in new licensing round to boost production
Nigeria launches a 40-block oil and gas licensing round as it targets 3mn bpd by 2030, with investors eyeing up to $50bn in offshore opportunities.
Namibia must turn offshore discoveries into lasting economic value, says NIEC founder
Namibia’s offshore discoveries have created a major economic opportunity, but capturing their full benefits will depend on building domestic capacity and ensuring energy investment supports the wider economy.
UAE's Arcius Energy reviews natural gas expansion and development plans in Egypt
Arcius Energy plans to accelerate natural gas exploration, field development, and production in Egypt
Ghana’s dollar-pricing dispute complicates Tullow crude sale to Sentuo refinery
Sentuo Oil Refinery has urged Ghana to price domestic crude in cedis, citing currency losses, as Tullow Oil (LSE: TLW) confirms its first Jubilee cargo sold for local refining.
Mozambique urged to strengthen finances ahead of expected LNG revenue surge
Mozambique must strengthen its financial management systems and diversify its economy ahead of an expected surge in natural gas revenues, after collecting $252.8mn from Rovuma Basin production between 2022 and 2025.
Nigeria says over 50 idle oilfields recovered under drill-or-drop policy
Nigeria’s upstream regulator NUPRC says it has reclaimed more than 50 undeveloped oilfields and returned them to licensing rounds. Non-performing licence holders have until October 31 to report on their progress.
Yinson prices $1.46bn bond issue to refinance offshore oil vessel in Angola
Yinson Production has priced $1.458bn of senior secured bonds at 6.517% to refinance its Agogo FPSO off Angola, chartered to BP-Eni venture Azule Energy. It calls the deal the largest FPSO project bond to date.
Egypt and Cyprus pledge closer coordination on Mediterranean gas projects using Egyptian export infrastructure
Egypt and Cyprus have pledged closer coordination on the Cronos and Aphrodite offshore gas fields, which would use Egyptian plants to process and export Cypriot gas.
Tanzania and Uganda strengthen cooperation on local-content rules for oil and gas sector
Tanzania and Uganda will deepen cooperation on local participation in oil and gas projects as both countries seek to increase opportunities for domestic businesses and professionals in the petroleum sector
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