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Nigeria’s state owned oil company, NNPC Limited, plans to revive aging idle oil fields as it seeks to raise about $30 billion in fresh investment and lift crude output by the end of the decade.
Heirs Energies has acquired a 20.07% equity stake in Seplat Energy Plc, Nigeria’s biggest indigenous oil and gas company by market valuation, in a transaction valued at about $500 million.
NNPC has maintained a consistent upward trend in monthly earnings, reporting N502 billion ($350 million) in profit for November 2025 as higher crude output and improved remittances boosted government revenues.
Egypt has signed a preliminary agreement to supply natural gas to Lebanon’s Deir Ammar Power Plant, in a move aimed at easing the country’s chronic electricity shortages.
NNPC Limited has announced the full restoration of the Escravos–Lagos Pipeline System (ELPS), following an explosion on a section of it earlier this month that disrupted supplies.
Zimbabwe had declared plans to invest $450 million to upgrade Hwange Power Station as part of efforts to stabilise electricity supply and reduce prolonged power shortages.
Nigeria’s long-delayed Ajaokuta-Kaduna-Kano (AKK) gas pipeline is now on course for commissioning in early 2026, the Group Chief Executive Officer of NNPC Ltd, Bashir Ojulari, has confirmed.
NNPC Limited plans to sell stakes in some of its oil and gas assets and has invited bids from private investors, according to an internal invitation document.
Benin will not achieve first oil production in 2025 after drilling problems delayed progress at the Seme shallow water oil field offshore the country, the operators confirmed.
Nigeria’s government has written off more than $1.42 billion in legacy debt owed by the state-owned energy company NNPC Ltd to the Federation Account, in what officials describe as a major fiscal reset for the country’s largest revenue generator.
Nigeria’s Dangote refinery has confirmed that its main petrol unit has begun a planned turnaround that will briefly pause all crude processing activities until early 2026.
Shell has awarded a $16 million drilling contract to Northern Ocean Limited (NOL) to explore Namibia’s offshore Petroleum Exploration Licence 39 (PEL 39).
South African nation Namibia has unveiled a $1.76 billion plan to expand renewable energy and attract private investment into its power sector.
Uganda UNOC has confirmed ongoing plans to borrow $2 billion from a unit of global commodities trader Vitol to finance the construction of a crude oil refinery and other infrastructure projects.
Kenya has signed a $311 million agreement with Africa50 and India’s Power Grid Corporation to construct two high-voltage electricity transmission lines under a public-private partnership.
Sun King, an off-grid solar energy company, has raised $40 million in equity financing from Lightrock to expand decentralised solar systems across Africa and Asia.
Dangote Refinery has disclosed that the United States has become its largest foreign supplier of crude oil, delivering no less than 100 million barrels each year.
Zimbabwe plans to begin construction of its first floating solar power plant in 2026, as the country seeks to expand electricity generation and reduce exposure to climate-related disruptions affecting hydropower output.
Aliko Dangote has declared that no serious investor would be willing to purchase Nigeria’s moribund state‑owned refineries, describing them as unprofitable assets trapped in a sector plagued by corruption and sabotage.
The Dangote Petroleum Refinery has reduced its petrol gantry price from N828 ($0.57) to N699 ($0.48) per litre ahead of the festive season, a senior official of the company reveals.