AfrOil - Africa Oil & Gas

Eni completes offshore Bouri gas recovery project in Libya

Italian energy major Eni (BIT: ENI) finalised the operational commissioning of the Bouri Gas Utilisation Project in Libya’s offshore area,

TAG Oil reports no oil flow during initial testing of Egypt's Badr well

Canadian energy company TAG Oil reported that no formation oil reached the surface during initial production testing of its T-200 vertical well at the Badr Oil Field in Egypt's Western Desert

ECOWAS and Sahel states seek new trade rules after political split

The military-led Sahel states of Burkina Faso, Mali and Niger want a new framework for relations with ECOWAS following their withdrawal from the regional bloc.

Invictus begins rig move to Zimbabwe's Musuma-1 ahead of November drilling

Invictus Energy (ASX: IVZ; VFEX: INV) has begun moving its drilling rig to a new exploration site in northern Zimbabwe, ahead of a planned November well targeting gas and condensate outside its existing Mukuyu discovery.

Tanzania to disclose Mnazi Bay gas drilling results on October 26–27

Tanzania has completed drilling three natural gas wells in the Mnazi Bay Block in Mtwara Region, with the government expected to announce the volume of gas discovered when it officially launches the wells next week in Msimbati Village

Mozambique seeks investors for $250mn gas project linking South Africa

Mozambique's state-owned energy company ENH is seeking investors, including South Africa's Sasol (JSE: SOL; NYSE: SSL) and pipeline operator ROMPCO, for a gas infrastructure project estimated at $250mn to strengthen domestic and regional supplies.

Liberia opens 15 offshore blocks to investors in 2026 licensing round at AEW 2026

Liberia has launched a licensing round offering 15 offshore blocks in the Liberia and Harper Basins, seeking to attract exploration investment ahead of an April 15, 2027 deadline.

GECF calls for new gas investment at African Energy Week 2026

Annual global primary energy demand will rise by 20% to 768 exajoules (EJ) by 2055, from 641 EJ in 2024, as economic and population growth drive consumption.

Libya's Audit Bureau clarifies $1.45bn in oil revenues for early October

Eco Atlantic nears completion of $7.7mn equity subscription as it advances Namibia, South Africa assets

Eco (Atlantic) Oil & Gas has satisfied all remaining conditions for a $7.7mn equity subscription apart from the admission of new shares to London's AIM market, bringing the financing close to completion.

Angola’s 2026 fuel subsidy bill could hit $4.16bn, more than twice budgeted amount

The overrun, equivalent to about 6% of Angola’s 2026 budget, shows how dependence on imported fuel turns higher crude prices from a windfall into a fiscal cost.

Algeria's hydrocarbon export revenues reach $37.5bn in nine months

Algeria plans $71.6bn in hydrocarbons investment through 2030

Ghana reports 30% rise in oil output amid $2bn investment drive

Ghana’s crude oil production is recovering after six consecutive years of decline, as renewed drilling and longer petroleum licences attract investment into the West African country's offshore fields.

Egypt keeps fuel prices unchanged despite elevated global oil prices

AEC and S&P Global Energy extend African Energy Week partnership through 2031

The African Energy Chamber and S&P Global Energy have renewed their partnership for African Energy Week for five years, extending the agreement through the 2031 conference.

Shell agrees sale of Nigerian domestic gas business to Vaaris Energy

The deal covers a 170-kilometre gas pipeline network serving more than 130 industrial and commercial customers across three Nigerian states.

BP targets additional 65mn cubic feet of gas daily from Egypt's Raven field

British energy company BP (LSE:BP) plans to increase natural gas production from the offshore Raven field in Egypt's North Alexandria concession

Ghana aims to replace liquid fuel for power generation with gas in 2027

Ghana is planning to stop buying liquid fuels for electricity generation next year as domestic gas and imports from Nigeria replace diesel and heavy fuel oil in thermal power generation plants.

Africa Energy Bank targets early 2027 financing as launch nears

The institution was conceived as an African-led financing mechanism for energy projects as international lenders increasingly restrict financing for fossil fuels.

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.