Oil and Gas
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Senegal’s push into oil and gas reflects a familiar paradox across Africa: abundant crude resources but little to no refining capacity. The newcomer to the oil scene has yet to process its own crude.
Ghana’s government received $148.7 million in corporate income taxes (CIT) from upstream oil and gas companies in the first half of 2025, a steep 59% decline compared to the $358.8 million collected during the same period in 2024.
Nigeria’s post-PIA era has been marked by a wave of divestments, with IOCs offloading onshore assets to local independents. The regulation has also spurred greater participation by indigenous firms in oil and gas investments.
Nigeria’s state-owned oil company, NNPCL, disbursed N424 billion ($283 million) to the federation account as part of its production sharing agreement obligations, amid rising oil revenue collections.
Nigeria has attracted over $4.9 billion in capital expenditure for Non-Associated Gas (NAG) projects in the past four years, following the implementation of a strategic regulatory roadmap by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).
Egypt has asked suppliers of Liquefied Natural Gas (LNG) to delay deliveries scheduled for the rest of the year as domestic demand remains lower than expected.
Italian energy giant Eni has committed to increase its Egypt by $8 billion over the coming five years, targeting projects in the Zohr, Narges and Nour fields.
Nigeria has commissioned its first wholly owned Floating Storage and Offloading (FSO) vessel near the Bonny export terminal, with capacity to hold more than 2 million barrels of crude oil.
Dangote’s plan to import 4,000 CNG trucks aims to ease petroleum product distribution, but it also raises concerns about the country’s fragile and congested road network.
French oil giant, TotalEnergies, has warned it may suspend its oil and gas exploration projects in South Africa, citing persistent legal and regulatory setbacks that have stalled progress.
Portuguese Energy Company, Galp Energia, has begun steps to resolve its ongoing tax dispute of about $300 million with Mozambique through an International Arbitration Tribunal.
Algeria will invest $60 billion in its energy sector between 2025 and 2029, with most of the funds going into oil and gas exploration and production.
Nigeria’s petrol imports fell to their lowest level in at least eight years in September, even as the country’s flagship Dangote refinery grappled with maintenance and industrial unrest.
NNPCL has revealed that Nigeria lost about 1,200 megawatts (MW) of power generation capacity due to the recent strike action involving the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Dangote Refinery.
Bayo Ojulari, NNPCL boss, has explained that the recent surge in gas prices across Nigeria was caused by short-term disruptions in product loading and distribution following a workers’ strike.
British energy major, Shell PLC, has sold part of its majority stake in Egypt’s North Cleopatra exploration block to QatarEnergy, marking another strategic expansion by the Gulf state oil company in the Mediterranean.
Italian energy giant Eni has restarted drilling operations in Libya, marking its return to the country after a five-year pause triggered by the COVID-19 pandemic.
Uganda is redefining its energy future with multi-billion-dollar investments across the sector. At the center of this plan is a proposed $4.5 billion refinery. Here’s what we know about the project.
Italian Energy Company, Eni, has expanded its exploration footprint in Côte d’Ivoire after securing rights to a new offshore block, CI-707, as part of its plan to strengthen its operations in the country’s upstream oil and gas sector.
French energy giant TotalEnergies and the Mozambican government appear to be at odds over the security situation in Cabo Delgado, casting uncertainty over the timeline for restarting the country’s stalled $20 billion liquefied natural gas (LNG) project.