AfrOil - Africa Oil & Gas

Can Chinese investors revive Nigeria’s troubled state-owned refineries?

Nigeria may give Chinese firms long-term operational and ownership stakes in the troubled Port Harcourt and Warri refineries; repeated state-led rehabilitation efforts have failed to restore stable operations.

Nigerian petroleum regulators pledge closer coordination to boost investor confidence

Nigeria’s upstream and downstream petroleum regulators have agreed to deepen cooperation to reduce regulatory uncertainty, improve policy consistency and strengthen investor confidence across the oil and gas industry,

Nigeria’s Seplat Energy targets $1bn shareholder payout as output expansion accelerates

Seplat Energy plans to deliver $1bn in shareholder dividends over the next four to five years as the Nigerian oil and gas producer accelerates production growth following the integration of Mobil Producing Nigeria Unlimited assets

Uganda backs Dangote-led East Africa refinery plan as regional energy push deepens

Ugandan President Yoweri Museveni has endorsed a proposed East African regional oil refinery led by Nigerian industrialist Aliko Dangote, signalling Kampala’s willingness to take an equity stake as governments seek to expand refining capacity

Egyptian firm Enppi secures $355mn deal for integrated energy project in Oman

Egyptian oil engineering and energy services firm Enppi has secured a $355mn contract to execute the integrated Badour North-East Birba project in Oman on behalf of Petroleum Development Oman (PDO)

Tanzania clears construction phase for $4bn East African Crude Oil Pipeline

Tanzania’s Ministry of Energy has formally endorsed the next phase of the $4bn East African Crude Oil Pipeline (EACOP), clearing the way for heavy machinery to begin trenching along the 1,443-kilometre route linking Uganda and Tanzania

Panoro Energy targets 20,000 bpd after offshore Equatorial Guinea acquisition expansion

Panoro Energy ASA (OSE:PEN) is on track to increase net production to 20,000 bpd during 2027 following its acquisition of an additional stake in Block G offshore Equatorial Guinea. It also expanded reserves and advanced new offshore Gabon drilling.

BW Energy targets 100,000 boepd after Gabon and Brazil investments

BW Energy Limited has approved offshore development projects in Gabon and Brazil containing a combined 68mn barrels of oil equivalent in 2P reserves, targeting production above 100,000 boepd by 2028.

Congo pushes stronger local content and LNG expansion in energy sector talks with AEC

High-level talks between Congo’s minister of hydrocarbons and the African Energy Chamber focused on strengthening local content and advancing gas sector expansion to position the country as a regional gas hub.

Egypt reduces foreign oil companies’ dues to $440mn, says petroleum minister

Egypt has reduced outstanding payments owed to foreign oil companies from $6.1bn at the end of June 2024 to $440mn currently, according to a statement from the Ministry of Petroleum and Mineral Resources

Bangladesh, Angola open talks on energy partnership

Bangladesh and Angola have participated in their first high-level bilateral dialogue on energy cooperation, in the process marking an initial step towards a longer-term partnership.

Kenya transport sector strike suspended after fuel price talks with government energy regulators

Korea’s Daewoo E&C expands LNG footprint in Africa

Daewoo Engineering & Construction is expanding its role in Africa’s liquefied natural gas sector through major projects in Nigeria and Mozambique, strengthening its position as South Korea’s leading LNG infrastructure contractor

Egypt plans to establish Alexandria-El Hamra refined products pipeline

Egypt’s Ministry of Petroleum is preparing to complete a new pipeline for transporting refined petroleum products from Alexandria to El Hamra Petroleum Port on the Mediterranean coast during H2 2026

Egypt to launch international oil exploration tender in Q3 2026

Egypt’s Ministry of Petroleum is preparing to launch a new international tender for oil exploration covering at least 15 sites in Q3 2026.

Rwanda confirms continued military deployment in Mozambique’s Cabo Delgado

Kigali will maintain military operations in Cabo Delgado province under an arrangement with Maputo, underscoring Rwanda’s continuing role in stabilising the insurgency-hit region that hosts some of Africa’s largest LNG projects.

Nigeria urged to find new crude buyers amid UAE exit from OPEC

PETAN chairman Wole Ogunsanya has urged NNPCL and Nigerian oil producers to secure new crude buyers and diversify export markets, warning that the UAE’s departure from OPEC could destabilise global oil market management

Capricorn, Cheiron sign $208mn deal to expand gas exploration in Egypt’s Western Desert

Egyptian General Petroleum Corporation (EGPC) has signed an agreement with Capricorn Energy (LSE: CNE) and Cheiron to expand oil and gas exploration and production activities in the Badr El-Din area of the Western Desert

South Africa faces looming gas cliff and requires urgent policy reforms, says IGUA-SA

The Industrial Gas Users Association-Southern Africa warned South Africa faces a major “gas cliff” by 2030 as supplies from Mozambique decline and Sasol Ltd (JSE:SOL) phases out temporary methane-rich gas supply.

Italy's Eni plans to build a third floating natural gas project in Mozambique

Italian oil giant Eni (BIT: ENI, NYSE: E) is considering developing its third floating liquefied natural gas (FLNG) project in Mozambique’s Rovuma Basin.

Senegal weighs arbitration against BP and Woodside over energy contracts

Senegal is considering international arbitration in disputes with BP and Woodside Energy as President Bassirou Diomaye Faye’s administration intensifies scrutiny of oil and gas agreements it says may shortchange the state

Uganda and East Africa energy sector advance Dangote-led regional refinery talks

Uganda’s planned refinery remains commercially viable and will proceed alongside discussions on a larger regional oil processing project involving private and state actors across East Africa

Ludoil Energy’s ISAB refinery deal strengthens Africa-Europe energy links

Italy-based private energy company Ludoil Energy has agreed to acquire a controlling stake in ISAB, owner of the Priolo Gargallo refinery in Sicily, Italy’s largest refinery and a key fuel supply hub in the Mediterranean.

Nigeria’s NNPCL urges African nations to strengthen gas financing systems

Dangote refinery sues to halt Nigeria petrol imports amid market battle

Dangote Petroleum Refinery has reopened its battle with fuel importers after filing a lawsuit seeking to halt petrol imports into Nigeria, arguing that continued import licences violate the Petroleum Industry Act and undermine domestic refining.