AfrOil - Africa Oil & Gas

IMF expects Namibia's economy to rebound this year if oil firms sanction project construction

The IMF has predicted that Namibia’s economy will be subdued this year due to the adverse impact of the Middle East crisis, but it could rebound if international oil companies (IOCs) sanction project construction.

Nigeria’s NNPCL targets $60bn gas investment to triple reserves

Nigeria’s state-owned oil company is seeking $60bn in investment to expand gas reserves to 600 trillion cubic feet (tcf) and increase production to 12 billion standard cubic feet per day (bscfd) by 2030.

Namibia accelerates infrastructure build-out to support first oil targets

Namibia is speeding up the development of its port infrastructure, supply chains and regional energy links, which will shape how much value it can retain from production.

Tanzania, Zambia energy ministers discuss oil, gas cooperation and TAZAMA pipeline

Tanzania’s Energy Minister Deogratius Ndejembi and Zambia’s Energy Minister Makozo Chikote held talks in Lusaka on March 27, 2026 to deepen bilateral cooperation in the energy sector, with a focus on oil and gas

Angola produced 28mn barrels of oil in February, with daily output marginally less than anticipated

Angola produced 28.156mn barrels of oil in February and 72.306mn cubic feet of associated gas, according to the Angola Press Agency (Angop).

Canadian firm ReconAfrica launches production testing at Namibian well

Reconnaissance Energy (ReconAfrica) has started production testing at its Kavango West1X discovery well in onshore Namibia and signed contracts with global giants Halliburton and Schlumberger Oilfield Services for equipment.

Kenya targets Mozambique gas imports to reduce reliance on Middle East

Kenya is pursuing a long-term agreement with Mozambique to secure natural gas supplies as it looks to stabilise domestic energy costs and reduce reliance on imports from the Middle East, where ongoing conflict has disrupted markets

Egypt turns to Libya for oil imports as Hormuz disruption halts Kuwaiti supply

Egypt plans to import at least 1mn barrels of crude oil per month from Libya to offset a halt in Kuwaiti supplies caused by the effective closure of the Strait of Hormuz

Algeria restores friendship treaty with Spain, boosts gas supplies

Egypt introduces energy-saving measures amid rising regional tensions

Atacama Group to build 300mn-litre fuel storage hub in Namibia

The Atacama Group (TAG), a US energy and infrastructure firm, plans to develop a 300mn-litre fuel storage facility at the Walvis Bay New North Port in Namibia.

Nigeria expands CNG programme to include EVs in transport reform push

Nigeria has expanded its CNG programme to include electric vehicles, as the government seeks to lower transport costs, boost energy security and accelerate its transition to cleaner mobility solutions.

African LNG projects emerging as critical solution to Europe’s energy needs

Amid current global geopolitical shocks with escalating tensions in the Middle East, European buyers are seeking alternative gas supplies, which could bring much-needed energy security to Europe.

Nigeria lifts FX limits on oil exporters and allows full repatriation

Nigeria’s central bank has removed restrictions on oil export proceeds, allowing companies to repatriate 100% of earnings immediately, in a move aimed at improving forex liquidity and investor sentiment

Nigeria’s NMDPRA fuel import licences stir concerns over refining strategy

Fresh petrol import approvals by the NMDPRA have drawn criticism from the Energy Transparency and Market Justice Initiative (ETMJI), which warned that the move risks undermining domestic refining efforts and fuel quality standards

Nigeria oil output falls 10% m/m as Bonga shutdown exposes sector weaknesses

Nigeria’s crude oil production fell 10% month on month in February to 1.31mn barrels per day, as maintenance at Shell’s Bonga field pushed output further below both Opec’s quota and the government’s target

Italy, Spain race to secure Algerian gas amid Middle East crisis

Italian PM Giorgia Meloni is seeking to boost gas flows from Algeria, as Italy, along with Spain, competes to secure alternative energy supplies from North Africa, following disruptions in Middle Eastern exports

Nigeria signs offshore seismic deal to revive frontier exploration

The NUPRC has signed a three-year agreement with SeaSeis Geophysical Limited and TGS to acquire new offshore seismic and gravity data, in a move aimed at reducing exploration risk and attracting investment

Egypt to hold exceptional fuel pricing review amid rising oil costs

Nigeria misses full $100 oil price windfall as crude-backed deals limit gains, says FNCCI head

Nigeria may not fully benefit from near-$100 oil prices as crude-backed loan agreements, including the $3.3bn Project Gazelle, lock in large volumes of output at lower historical prices, limiting fiscal gains while inflation pressures rise.

Losers and winners from the Qatari LNG disruption

While European and Asian importers have been hit hard by the disruption in Qatari LNG to varying degrees, the crisis has both short- and long-term benefits for US exporters and other LNG competitors.

Nigeria fuel subsidy removal boosts oil gains while raising consumer costs

Nigeria’s removal of fuel subsidies is improving its ability to benefit from rising oil prices while increasing short-term costs for consumers

Nigeria’s petrol imports drop 29% to $10bn as Dangote refinery boosts local supply

Nigeria’s petrol import bill fell 28.88% year on year to $10bn in 2025 as domestic refining capacity expanded, driven by increased output from the Dangote Refinery.

Egypt plans LNG imports worth up to $3bn ahead of summer demand

Egypt’s Ministry of Petroleum and Mineral Resources is currently studying a plan to import around 45 liquefied natural gas (LNG) cargoes at an estimated cost of between $2.5bn and $3bn.

Libya begins towing damaged Russian LNG tanker off its coast

Libya has begun operations to tow a damaged Russian liquefied natural gas (LNG) tanker that has been stranded off its coast since early March