Oil and Gas
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ExxonMobil said that it has lifted force majeure and resumed development on its $30 billion liquefied natural gas (LNG) project tied to the Rovuma Basin, which has been delayed for years because of a militant insurgency.
The government of Zambia has issued a licence to China Zambia Petrochemical Energy Corporation Limited to set up a 60,000 b/d crude oil refinery valued at $1.1 billion to meet the country’s fuel demand.
BW Energy has confirmed the presence of hydrocarbons in Namibia’s Kudu block marking another major upstream development that places the desert nation ahead of its neighbour South Africa.
NLNG’s fleet modernisation is directly tied to the success of Train 7, which is designed to expand production capacity by 35% (from 22 mtpa to 30 mtpa).
The planned 15% import levy on petrol and diesel in Nigeria, recently approved by President Bola Tinubu to encourage domestic refining, has only been deferred to the first quarter of 2026—not cancelled.
The Federal Government of Nigeria has suspended the planned implementation of a 15% import duty on petrol and diesel — a policy earlier approved by President Bola Tinubu to promote domestic refining
After decades of draught, Libya’s oil exploration drive is roaring back to life. And big players in the industry are betting on the North African nation like never before. In this article, we explore names behind this drive.
Aliko Dangote, the chairman of the Dangote Industries Limited, has signed an agreement with the government of Zimbabwe to invest up to $1 billion in the country’s energy and cement sector.
Namibia is restructuring its oil and gas industry, with the new president assuming control of the burgeoning sector. While this could be beneficial for the country, history shows the opposite might be the case.
Africa’s leading gas producer, Egypt, is roaring back to life after a period of decline. But this recovery is not without intentionality. Renewed investments from global energy giants are driving this trend.
The recent diplomatic row between Nigeria and the United States has left Nigeria’s economy hanging in the balance. While crude oil production may offer a lifeline, it may not be enough if the situation gets out of hand.
Nigeria’s oil and gas sector may appear difficult to unravel most of the time. However, a casual, friendly conversation with a friend and seasoned colleague in the space can help bring an insightful perspective to the industry.
Yinson Production, the offshore unit of Yinson Holdings, said it plans to expand its operations into Namibia as well as an initial public offering within the next three to five years.
Olu Verheijen has said the government expects two major final investment decisions (FDI) over the next year as the country’s oil and gas industry continues to witness significant investor interests.
East African country, Mozambique, has started producing its first locally made liquefied petroleum gas (LPG), popularly known as cooking gas.
TotalEnergies chief executive Patrick Pouyanne confirmed that its long-delayed $15 billion LNG project in Mozambique, now being prepped for restart, can be delivered by 2029 once the local government grants its new approvals.
Nigeria’s state-owned energy company NNPC Limited said it is working towards increasing its stake in the Dangote Petroleum Refinery to 20% from the current 7.2%.
Following the sanction from Western nations on Russia, Lukoil, a key energy firm in Kremlin, is restructuring its assets in Africa. This divestment will affect a lot of Africa nations where the company previously operated.
The Nigerian government’s recent introduction of a 15% import duty on petrol and diesel runs counter to sound economic logic and could trigger inflation across all sectors of an already fragile economy.
The lifting of the force majeure on TotalEnergies LNG project in Mozambique comes at a time of geopolitical shift, particularly with Donald Trump at the helm of affair in the White House.