AfrOil - Africa Oil & Gas

Nigeria’s domestic oil firms drive upstream revival and target $35bn investment push

Nigeria’s domestic oil and gas producers have increased their share of national crude output to 27% from 12% a decade ago and are preparing about $35bn in new investments

Tanzania gold exports cushion economy as Middle East oil shock hits markets, central bank says

Nigeria’s Petralon lifts Dawes Island output to 4,800 bopd

Petralon Energy has increased production at Nigeria’s Dawes Island field to about 4,800 barrels of oil per day (bopd) after bringing the DI-3 well onstream, marking the second producing well at the asset since first oil in late 2025

Block Energy seeks to enter Gabon offshore sector via PSC deals and $6.3mn raise

Block Energy (AIM: BLOE) aims to enter Gabon’s offshore oil sector through a conditional agreement linked to the Ndjila and Mpari PSCs, alongside a planned $6.3mn equity raise aimed at funding its expansion into West African upstream assets.

Ghana may extend fuel subsidies as oil prices surge, Fitch Ratings warns

Ghana could extend temporary fuel relief measures introduced to shield consumers from rising petroleum prices if the fiscal burden remains manageable, Fitch Ratings said, as global oil prices climb again amid renewed geopolitical tensions.

ANPG extends TotalEnergies production licence for Block 32 offshore Angola until 2043

Block 32 is one of Angola’s largest oil-producing assets, spanning 5,340 square kilometres, and includes the Kaombo ultra-deepwater project, which connects six offshore fields to two FPSOs.

Mozambique partners ExxonMobil to build $40mn centre to offer hydrocarbon-related technical skills

Mozambique has launched the construction of a college to provide technical training for the oil and gas industry, AIM reported on May 12.

Egypt eyes Algerian crude imports to secure summer energy supplies

Egypt’s Ministry of Petroleum and Mineral Resources is studying plans to import around 6mn barrels of crude oil from Algeria starting in July 2026, as part of efforts to diversify supply sources and strengthen energy security,

Libya regains full control of Ras Lanuf refinery and petrochemical complex as Trasta Energy exits

Libya signed a final agreement with Trasta Energy to end their partnership in the Libyan Emirates Oil Refining Company (LERCO), restoring full Libyan ownership and management of the Ras Lanuf refinery and petrochemical complex

Nigerian billionaire Dangote favours Kenya over Tanzania for 650,000-bpd East Africa oil refinery

Africa's richest man says Kenya is emerging as the preferred location for a proposed $15bn–$17bn refinery, citing Mombasa’s deep port and large fuel market.

Nigeria exported 82% of 2025 oil output despite Dangote refinery supply shortages

The figures underscore Nigeria’s continued dependence on international crude markets even as Dangote Petroleum Refinery struggles to secure sufficient local crude supplies under the naira-for-crude programme.

Australian group 88 Energy amends farm-in deal for Namibian oil licence, saves $15mn

88 Energy Limited (ASX/AIM: 88E, OTC: EEENF) (88 Energy) has amended its farm-in agreement for a project in Namibia with the operator Monitor Exploration (Monitor).

Nigeria's Dangote holds talks with Norway's sovereign wealth fund on joint African investments

Aliko Dangote has held discussions with executives from Norway’s sovereign wealth fund, Yara International and Scatec, on investment opportunities across Africa spanning energy, renewables, fertiliser, agriculture and industrial infrastruce

Nigerian court upholds $100mn award against China National Petroleum Corporation in OPL 471 dispute

A court in Nigeria’s Port Harcourt has dismissed an application by China National Petroleum Corporation (CNPC) to overturn a $100mn judgement awarded to Cutra International Limited in a long-running dispute over Oil Prospecting Licence (OPL) 471

Senegal seeks bigger domestic insurance share from hydrocarbon boom

Senegal aims to increase the role of domestic insurers in its expanding oil and gas industry as authorities move to enforce local-content rules introduced before first oil production. The push comes amimajor offshore projects led by Woodside and BP.

Mozambique taps Rudêncio Morais to lead state oil & gas company as LNG projects regain momentum

Mozambique’s Council of Ministers has appointed Rudêncio Morais as chairman and CEO of the state-owned oil and gas company ENH, placing a long-serving industry executive at the centre of efforts to advance the country’s LNG projects.

Morocco-Nigeria gas pipeline advances in Washington talks

The Moroccan National Office of Hydrocarbons and Mines (ONHYM) held a series of high-level meetings in Washington to discuss progress on the $25bn Atlantic African Gas Pipeline (AAGP)

Nigeria’s share of African upstream oil and gas FIDs climbs to 40% after reforms

A Nigerian government-backed review said fiscal incentives, faster contracting timelines and regulatory reforms helped revive investor confidence and support a $50bn pipeline of future offshore and gas projects.

Tanzania, DRC deepen oil and gas cooperation talks to expand regional energy trade

Tanzania and the Democratic Republic of Congo have opened talks to strengthen cooperation in oil and natural gas exploration, transport and distribution projects, as both countries seek to improve fuel supply chains and energy trade

Angola's Cabinda Oil Refinery begins selling fuel as nation seeks to limit import dependency

Angola’s Cabinda Oil Refinery has started selling fuels to the local and foreign markets, helping to ease supply bottlenecks precipitated by the Iran War.

Eni exports 150 LNG shipments in four years from Mozambican project

A Mozambican liquefied natural gas (LNG) project operated by Italian giant Eni (BIT: ENI, NYSE: E) has exported more than 150 shipments since it started operating in November 2022.

Turkey seeks to renew LNG deal with Algeria ahead of 2027 deadline

Turkey is seeking to renew its long-standing liquefied natural gas agreement with Algeria before the current contract expires in September 2027

Togo studies gas network linking Ivory Coast and Benin

Togo is preparing feasibility studies for a World Bank-backed regional gas project that could link LNG imports at Lomé with new power, industrial and cross-border supply infrastructure.

Ghana, UAE deepen energy alliance as Abu Dhabi eyes oil and gas investments

Ghanaian President John Mahama and United Arab Emirates leader Sheikh Mohamed bin Zayed Al Nahyan agreed to deepen strategic cooperation in the energy sector, including proposed UAE investments in oil and gas storage facilities in Ghana.

Cameroon secures $206mn for Kribi refinery as fuel import reduction drive accelerates

Cameroon has secured $206mn in bank financing for the CSTAR refinery project in Kribi, advancing plans to reduce dependence on imported fuel products while rebuilding domestic refining capacity after the prolonged shutdown of the SONARA refinery.