AfrOil - Africa Oil & Gas

Italy’s Eni to invest $8bn in Egyptian gas exploration projects over next five years

Italian energy major Eni plans to inject $8bn in investments into Egypt over the next five years to accelerate exploration and field development

Nigeria upstream regulator clears TotalEnergies’ $510mn Bonga stake sale

Nigeria’s NUPRC has cleared TotalEnergies’ $510mn sale of its 200,000-bpd Bonga field stake to Shell and Agip. The deal lifts Shell’s OML 118 holding to 65% while TotalEnergies pursues a $3.5bn global asset sale programme.

Golar LNG expands FLNG operations in Africa, joins AEW 2025 as Gold Partner

Global marine infrastructure operator Golar LNG has become a Gold Partner at the upcoming African Energy Week (AEW): Invest in African Energies conference in Cape Town, South Africa.

Tullow Oil sells Kenyan assets to Gulf Energy affiliate for $120mn

London-listed Tullow Oil plc has completed the sale of its entire working interest in Kenya to Auron Energy E&P, an affiliate of Gulf Energy, securing an initial $40mn payment

Nigerian court strikes out AGIP contractors’ challenge to NNPCL pipeline surveillance award

A Federal High Court in Abuja has struck out a claim filed by the Incorporated Trustees of the AGIP Indigenous Contractors Association and 43 others contesting the NNPCL pipeline surveillance contract

African Energy Chamber to release State of African Energy 2026 Outlook at AEW 2025 in Cape Town

The African Energy Chamber (AEC) has announced the launch of its latest report, written in collaboration with S&P Global Commodity Insights, at the African Energy Week: Invest in African Energies conference in Cape Town.

Nigeria’s Atlas-Oranto secures four Liberia offshore blocks


Nigeria-based Atlas-Oranto Petroleum has signed four production-sharing contracts (PSCs) for offshore blocks LB-15, LB-16, LB-22 and LB-24, marking a significant step in restarting Liberia’s dormant exploration sector.

Nigeria voids approval for TotalEnergies’ $860mn SPDC stake sale to Chappal

Nigeria’s upstream oil and gas regulator has cancelled its approval of TotalEnergies’ proposed $860mn sale of a 10% stake in Shell Petroleum Development Company of Nigeria (SPDC) to Chappal Energies

Libya’s oil output rises to 1.396mn bpd amid exploration push

Libya’s crude oil production rose to 1.396mn barrels per day (bpd) as of September 23, up from 1.386mn in August.

OPEC-Africa roundtable to set direction for continent’s energy future at AEW 2025

OPEC and the African Energy Chamber (AEC) will co-host the OPEC-Africa Roundtable during the African Energy Week (AEW) 2025: Invest in African Energies conference in Cape Town, South Africa.

Nigeria’s RMAFC begins mapping of Niger Delta oil fields to resolve state revenue disputes

Egypt exports rare LNG cargo to Europe, plans $200mn regasification unit

Egypt eyes $4bn in oil exploration investments in FY 2025/26

Egypt’s Ministry of Petroleum and Mineral Resources reportedly aims to attract up to $4bn in investments during FY 2025/26 (which started in July) through the offering of as many as 12 oil and gas concessions.

Nigeria leads effort to unify Africa’s oil regulations

Nigeria is spearheading a new initiative to standardise petroleum regulation across Africa, with 16 countries backing a continent-wide forum aimed at attracting investment and addressing cross-border energy challenges.

Nigeria's Seplat lifts dividend base, targets $1bn payout by 2030 with MPNU acquisition

Seplat Energy has raised its quarterly dividend base to 5 cents per share and set a five-year target to return about $1bn to investors

World's leading producers continue output plans above Paris deal compatibility

Many of the world’s major fossil fuel producers plan oil, gas and coal extraction far beyond levels compatible with the Paris Agreement.

Civilians beheaded in renewed insurgent attack near Mozambique’s gas hub

Insurgents believed to be linked with the Islamic State struck a northern Mozambique port town on September 22, killing and beheading civilians in an assault that highlighted gas-producing region Cabo Delgado’s persistent security crisis.

Sub-Saharan Africa’s attract $70bn in FDI pledges from 2002-2025, led by Mauritania hydrogen project, McKinsey says

Egyptian petroleum ministry plans debt restructuring for industrial sector

Egypt’s Ministry of Petroleum and Mineral Resources is currently preparing a comprehensive plan to restructure debts owed by the industrial sector. The proposed initiative would allow companies to settle roughly 50% of their overdue principal.

Nigeria’s crude output rises 5.5% y/y in August as OPEC compliance reaches 96%

Nigeria’s crude oil production rose 5.5% year on year in August to 1.43mn bpd, according to upstream regulator NUPRC, which put output at 96% of the country’s current 1.5mn bpd OPEC quota.

Kenyon announces focus on Nigeria’s brownfield oil revival

Nigerian oilfield services company Kenyon, which specialises in brownfield optimisation, marked its 10th anniversary in Lagos with a pledge to expand its role in bringing idle or mature wells back into production.

Nigeria’s NNPCL targets $60bn upstream investment by 2030 under new deepwater PSCs amid move to rewrite oil rules

TotalEnergies secures four exploration permits offshore Liberia

France’s energy supermajor TotalEnergies has signed Production Sharing Contracts (PSC) for four deepwater blocks offshore Liberia, marking the company’s return to frontier exploration in West Africa.

ReconAfrica upsizes offering to $13.2mn to advance Gabon, Namibia projects

ReconAfrica has upsized its underwritten public offering to $13.2mn to advance exploration on its offshore Ngulu Block in Gabon and continue drilling at the Kavango West-1X well in Namibia.

Egypt increases fertiliser export quota amid rising production

The Egyptian government has raised the export quota for local fertiliser companies from 45% to 55% of total production. The move follows an increase in factory capacities and ensures access to full contractual gas supplies.