AfrOil - Africa Oil & Gas

Cameroon extends Tower Resources’ Thali licence as 42.5% farm-out awaits final approval

Cameroon has extended the initial exploration period for Tower Resources’ (AIM:TRP) offshore Thali licence by one year to October 2, 2027, clearing another step towards completion of a 42.5% farm-out to Prime Global Energies.

Seychelles’ SEYPEC completes tanker sale as fleet renewal advances

Seychelles Petroleum Company (SEYPEC) has completed the sale of its long-haul tanker Seychelles Progress, advancing a fleet renewal programme that includes two new vessels under construction in China.

AEC, Canadian firm GSMS agree to explore LNG and LPG supplies to Africa

The African Energy Chamber has signed a two-year memorandum of understanding with Canadian project developer and commodities broker GSMS to explore LNG and LPG supplies from Canada to African markets, initially targeting West Africa.

Nigeria reiterates $139mn plan to settle gas-producer debts

Nigeria restates its NGN185bn ($139mn) gas-producer debt settlement plan, approved in December 2025, without detailing payments or a timetable.

Eco secures Namibia approval for BP offshore licence farm-down

Eco (Atlantic) Oil & Gas Ltd (AIM: ECO, TSXV: EOG) (Eco) has secured final Namibian government approval to farm down a 60% interest in three offshore exploration licences to BP, clearing the final government approval required for the transaction.

Dangote refinery opens potential 1mn-tonne cement market for Bamburi

Bamburi Cement is pursuing a supply deal for Dangote’s planned East Africa Petroleum Refinery in Lamu. The company estimates it will require about 1mn tonnes of cement and concrete products overall, but no supply agreement has been announced.

Sudan faces severe fuel shortage due to import curbs and conflict

Russia to send business mission to Cape Town energy week

Russia will send a business mission of companies and industry associations to African Energy Week (AEW) 2026 in Cape Town.

Elumelu-controlled firms raise stake in Nigeria’s Seplat Energy to 21.07% after $70.7mn share buy

Entities controlled by Nigerian investor Tony Elumelu have increased their combined voting interest in Seplat Energy Plc to 21.07% after Heirs Energies bought 6mn shares for £53.22mn ($70.7mn), according to a Seplat regulatory filing.

Nigeria’s Asiko targets November cargo at 5,000-tonne Lagos LPG terminal

Nigeria's Asiko Energy has reached mechanical completion of a 5,000-tonne LPG and propane terminal in Lagos and targets its first cargo in November.

Namibia’s Custos to transfer PEL 90 stake to Chevron affiliate in $11mn deal

Custos Energy is transferring its 10% participating interest in Namibia’s PEL 90 offshore licence to Chevron affiliate Harmattan Energy in an $11mn deal while retaining exposure to future upside.

Morocco extends transport support as fuel prices rise

The Moroccan government will continue providing direct and exceptional financial support to freight and passenger transport professionals as international fuel prices rise

Tullow shares slump after Ghana tax ruling raises $393mn exposure

Tullow Oil (LON: TLW) suffered one of its steepest market falls in years after losing a Ghana tax arbitration that could expose the London-listed producer to about $393mn in tax and penalties.

Chariot-backed Etu Energias advances $455mn Angola oil acquisitions, securing 8,000 bpd exposure

Chariot Limited is advancing two Etu Energias transactions that will give it economic exposure to about 8,000 bpd of offshore Angola oil production from Blocks 14 and 14K.

AEC backs Dangote’s planned Kenya refinery amid land court dispute

The African Energy Chamber (AEC) has backed Aliko Dangote’s planned 700,000-barrel-per-day (bpd) refinery in Lamu, Kenya, after a court order temporarily restricted activities on land earmarked for the project.

Nigeria’s NNPCL audited accounts show 33% profit rise despite 24% revenue drop

Nigeria's state-owned Nigerian National Petroleum Company Limited (NNPCL) reported profit after tax of NGN7.2 trillion ($5.42bn) for 2025, up 33% y/y, even as revenue fell 24% to NGN34.5 trillion.

Africa’s power needs put gas and renewables in focus at AEW 2026

AEW 2026 sessions will discuss expanding access to reliable electricity, greater use of domestic gas resources and developing infrastructure to support industrial growth.

South Africa seeks operator for East London LNG terminal

South Africa’s Transnet National Ports Authority has launched a tender for a private operator to develop and run a small-to-medium-scale LNG import terminal at the Port of East London under a 25-year concession.

Mozambique: SLB OneSubsea details Rovuma LNG subsea contract as project advances towards FID

The OneSubsea award is the largest in about $1.1bn of pre-investment contracts placed for Rovuma LNG, whose revised design envisages 18.6mn tonnes of annual LNG capacity.

Ghana output lifts Tullow Oil back to positive free cash flow

Tullow Oil generated $4mn of free cash flow in H1 2026, up from negative $188mn a year earlier, as Ghana production strengthened and historic receivables were recovered, although the company still posted a $101mn loss after tax.

TotalEnergies says Namibia, Mozambique projects to help hold output to 2035

TotalEnergies is positioning Namibia’s Venus and Mopane projects and further Mozambique LNG development within a broader post-2030 growth portfolio, while maintaining a production base of around 3mn boed through 2035.

Nigeria’s Dangote named African Energy Person of the Year as refinery expansion gathers pace

The award comes as Dangote Petroleum Refinery advances a $14.3bn expansion that would double capacity to 1.4mn bpd and pursues new refining and fuel-distribution projects in Kenya and elsewhere in Africa.

Kenya fast-tracks Dangote's $16bn Lamu refinery before September 30 groundbreaking

Kenya is accelerating approvals for Dangote’s planned 700,000-bpd Lamu refinery, but financing, crude supply and infrastructure remain major hurdles.

Uganda’s Kingfisher oil processing facility reaches 99% completion ahead of first oil

Kingfisher is nearing operational readiness, but Uganda’s first-oil timetable still depends on synchronising the field with Tilenga and the EACOP export system.

Israel's Navitas takes over as operator of South Africa Orange Basin block after Eco farm-down

Navitas Petroleum has assumed operatorship of Block 1 CBK offshore South Africa after acquiring 37.5% from Eco, with the partners now advancing seismic work and a planned two-well exploration programme in the Orange Basin.