Oil and Gas
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Despite its impact on reducing petrol imports in Nigeria, the mega Dangote refinery is “barely making a dent” in Africa’s refined products industry, a new report has shown.
Morocco is set to open its first liquefied natural gas (LNG) terminal in mid‑2026, as part of the launch of the Nador West Med port on the Mediterranean.
Over the weekend, the United States captured Venezuela’s president, Nicolas Maduro, sending shockwaves through geopolitics and rattling the oil market. For Africa’s OPEC members, the impact could be far-reaching in the coming months
Libya’s National Oil Corporation (NOC) and its partners achieved approximately 100 million cubic feet per day reduction in gas flaring in 2025.
Africa’s largest economy, South Africa, is recording its lowest petrol and diesel prices in January since 2022. The decline follows a fall in global oil prices and a rebound in the local currency, the rand.
In 2026, Nigeria’s NNPC is expected to push crude output towards 2 million bpd, fight oil theft, move closer to an IPO and navigate ongoing turbulence in the downstream sector. At the centre of these efforts is Bashir Ojulari, charged to steer the company through the year ahead.
On the eve of 2025, Tony Elumelu’s Heirs Energies acquired a 20.07% stake in Nigeria’s oil and gas major, Seplat. As the new year unfolds, the deal could reshape the company’s gas assets in the months ahead.
Different reports indicate a rise in global LNG trade, with FLNG taking a central role. Africa, an emerging FLNG destination, is betting on the technology to grow domestic gas and export to the global market.
Aradel Holdings Plc has completed the acquisition of majority stake in ND Western Limited, cementing its position as one of the country’s leading indigenous energy companies.
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.
Once celebrated as a rising gas hub in the Eastern Mediterranean, Cairo found itself struggling to meet domestic gas demand earlier this year. But the North Africa might just be turning the corner.
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.
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.
The terminal, designed to handle 30,000 tonnes of LPG annually, is intended to serve both Kenya and Tanzania as the two countries push to expand access to clean cooking fuel. Supporters say it could help lower household energy costs and reduce reliance on kerosene and charcoal.
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.