Oil and Gas
Top stories
Oil finds in Guyana and Namibia have drawn sharp comparisons between the two nations. Yet emerging realities suggest they may be drifting apart in ways that is unsettling for investors.
A few local oil and gas firms in Nigeria are holding their own against international players. Seplat, after acquiring ExxonMobil’s onshore assets, is pushing to dominate the country’s gas market with successive projects.
Global energy giant Eni is preparing to begin the second phase of the Congo LNG project in the Marine XII offshore concession with the launch of a production vessel from Shanghai, China.
Cameroon’s state-owned National Hydrocarbons Corporation has announced the country’s 2025 oil and gas licensing round, offering up to nine blocks for exploration by willing local and international players.
Egypt has started work on three new wells in the Zohr gas field as part of efforts to boost production in the current financial year, the petroleum ministry said on Tuesday.
Crude oil flows from Sudan have been disrupted after the United Arab Emirates (UAE) imposed a ban on cargoes from the Red Sea nation, blocking shipments at its ports.
Angola, one of Africa’s leading oil producers, has in recent times face different hurdles from volatile oil market to low output, among others. Now, the country is betting on gas for its economy recovery.
Nigeria’s state oil firm, NNPC Limited, said pipeline theft has been almost eliminated in the country after coordinated security operations and crackdown on culprits.
Nigeria’s mega Dangote refinery is making bold moves to disrupt the downstream value chain with the purchase of 4,000 trucks worth about $470 million. Should other marketers be anxious of this disruption?
Aradel Holdings, one of the leading local oil and gas operators in Nigeria, has signed a gas supply agreement (GSA) to deliver additional feed stock volumes to the Nigeria LNG company (NLNG) in Rivers state.
Namibia and Botswana are advancing discussions on a $4 billion joint oil refinery project as feasibility studies move forward, with Walvis Bay and Ghanzi being considered as possible locations.
Africa’s largest holder of natural gas reserves, Nigeria, produced about 1.372 trillion cubic feet (Tcf) of natural gas in the first half of 2025, even as it continues to struggle with high levels of routine flaring.
Nigerian indigenous oil and gas company, Seplat Energy Plc, has supplied its first cargo of Liquefied Petroleum Gas (LPG) for domestic use from the Bonny River Terminal in Rivers State into Nigeria’s market.
The Nigeria Liquefied Natural Gas company (NLNG) has signed landmark Gas Supply Agreements (GSAs) with multiple third-party suppliers to deliver up to 1.29 billion cubic feet of natural gas daily to its Bonny processing plant.
One of Africa’s leading oil producer, Angola, has had its oil output fallen for the first time below one million barrels per day (BDP) since leaving the Organisation of Petroleum Exporting Countries (OPEC) two years ago.
Asian refiners are increasingly turning to suppliers from the Atlantic Basin, including Nigeria, Brazil, and the US, whose crude is more attractive due to improved shipping and arbitrage economics.
In 2021, Heir Energies signed an eight-year, $1.2 billion deal to acquire 45% of oil production from OML 17. Since then the indigenous oil firm is changing what once a troubled asset to a growth catalyst
The government of Libya has set up a special committee to review all oil, gas, and electricity contracts signed over the past five years to ensure they are aligned with national interests.
Mozambique’s sovereign wealth fund (FSM) received $45.24 million in the first half of 2025 from natural gas exploitation, bringing total deposits to $210 million by June.
Nigeria has taken a giant step to expand its presence in the global clean energy value chain with the commissioning of a 40,000 cubic meters (m³) Liquefied Petroleum Gas (LPG) vessel in Ulsan, South Korea.