Oil and Gas
Top stories
Ghana’s energy landscape changed dramatically in June 2007, when a Kosmos Energy-led consortium involving Ghana’s National Petroleum Corporation (GNPC) and other partners, discovered the Jubilee field in the Deepwater Tano Basin.
U.S.-based subsea company, Oceaneering International, has been re-awarded a contract to provide remotely operated vehicle (ROV) services and integrated solutions for ExxonMobil’s offshore Block 15 in Angola.
With more than 150 subsidiaries under its belt, Sonatrach is often described as Africa’s largest oil company. But it’s not easing off. The NOC is now turning to solar as its next big move to push for energy diversification.
Aliko Dangote, Africa’s richest man, has taken a significant step forward in his plans to develop a major seaport in Nigeria.
As the Africa’s country with largest proven crude oil reserves, Libya’s potential for abundant output and investment is only being crippled by decade of political crisis and economic disarray.
ExxonMobil has renewed its production sharing contract (PSC) for the operation of block 15 with the Angolan National Agency of Petroleum, Gas and Biofuel (ANPG), extending its rights over the asset until 2037.
Nigeria plans to list the Nigerian National Petroleum Company (NNPC) by 2028 as part of sweeping reforms under the Petroleum Industry Act (PIA), the Group Chief Executive Officer (GCEO), Bayo Ojulari, has stated.
Foreign companies are expected to receive exploration rights to new gas blocks in Egypt’s North and Northeast regions by August 2025.
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, Bayo Ojulari, has said he will not rule out the sale of some of the country’s state-owned refineries, as a strategic review is currently underway.
European petrol imports by West African countries fell to a four-month low of 926,000 tons in June, down from 1.315 million tons in May, amounting to a 20% year-on-year decrease.
Seplat Energy Plc, one of Nigeria’s leading indigenous oil and gas companies, says it currently supplies 30% of the country’s domestic gas demand, helping to drive energy security and industrial growth.
Africa’s leading oil producer, Nigeria, is planning to push for an increase in its OPEC+ crude production quota to 2 million barrels per day (bpd) from 2027
Italian oil major, Eni, will increase gas production in Ghana starting Sunday to raise domestic supply by 30 million standard cubic feet per day (scf/d).
The CEO of Aradel Holdings Plc, a foremost indigenous oil firm, Mr. Adegbite Falade, has raised concerns about the shortage of manpower in Nigeria’s oil and gas sector.
The Chief Executive Officer (CEO) of Renaissance, Tony Attah, has called for a review of the Petroleum Industry Act (PIA) to align with emerging global realities in the oil and gas sector.
Rhino Resources has awarded a drilling contract worth N$740 million (US$40 million) to offshore drilling firm Northern Ocean Limited (NOL) for its Deep sea Mira rig, strengthening its exploration push off Namibia’s coast.
Backbone Infrastructure Nigeria Limited (BINL), an indigenous oil firm, has announced plans to build and operate a 500,000 barrels-per-day crude oil refinery in Ilaje Local Government Area of Ondo State.
Petralon 54 Limited, an indigenous oil exploration and production company, has announced it is on track to increase its crude oil production in Nigeria by 2,500 barrels per day (bpd)
French oil giant, TotalEnergies, has announced that its $550 million upstream gas project, Ubeta gas field, will commence gas production in the next two years.
Africa’s largest single-train fuel processing plant, Dangote Refinery, is planning to construct a 1.6 million barrels storage facility in Namibia to supply refined fuel to the Southern African market.