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Oil major Shell Plc is taking a cautious approach towards fresh oil exploration plans and investment in South African nation, Namibia.
The Africa Finance Corporation (AFC) has revealed that it invested a loan facility of $300 million as part of the construction of Dangote Refinery.
Moroccoโs energy ministry is intensifying efforts to attract U.S. investors for its $25 billion gas pipeline project with Nigeria, a landmark initiative aimed at connecting West Africaโs vast gas resources to Morocco and European markets.
The “drill, baby drill” campaign began with Trump, but the momentum is catching in Africa also. With renewed interest in oil exploration, Big Oils are investing on the investment like never before.
Nigerian crude oil is enjoying an unexpected demand surge from Asian refiners as newly reimposed tariffs by the United States push major oil buyers in Asia to diversify away from U.S.-linked and sanctioned supply sources like Russia.ย
A South African court has cancelled an environmental approval granted to TotalEnergies and its joint venture partners to explore for oil off the Cape coast.
French oil major TotalEnergies is preparing to drill exploration probes near its flagship Akpo deepwater field in Nigeria as it finalizes plans to sanction the nearby Preowei prospect, which is believed to hold up to 150 million barrels of oil reserves.
East African nation, Uganda and Tanzania, have now selected with a consultant to undertake a feasibility study for their joint cross-border gas pipeline.
While scaling back its footprints in some African countries, Tullow Oil is counting on increased production in its Ghana’s assets to recover from mounting debts and fiscal turnaround
French oil major, TotalEnergies, has disclosed plans to begin oil exploration drills in the Orange Basin off the coast of South Africa.
Namibia has been hailed as one of the worldโs hottest frontiers for oil exploration. But with market shifts and growing exploration challenges, some major oil companies are beginning to rethink their presence. The question now is โ does Namibia still hold its hotbed status?
Following the withdrawal of oil majors, including Shell and Chevron, the Egyptian government is now offering the Red Sea gas field for concessions to other foreign investors.
The first phase of the 60,000-barrel-per-day (bpd) Cabinda refinery in Angola will be commissioned in September 2025, as the government moves quickly to bridge its significant refining gap and reduce reliance on fuel imports.
Ghana began its oil production journey in 2007 after the commercial discovery of the Jubilee Field. The sector has grown steadily since then, but signs now point to a possible slowdown ahead.
Nigeriaโs Dangote Refinery is set to import 4,000 natural gas powered trucks as part of its plan to distribute refined fuel products directly within the local market.
Mellitah Oil & Gas, a joint venture between Libyaโs National Oil Corporation (NOC) and Italian energy giant Eni, has appointed US-based Hill International to provide project management services for its $8 billion Structures A & E project in offshore Libya.
Under the programme, companies worked with the Federal Inland Revenue Service (FIRS) and the Federal Ministry of Works to identify and fund approved projects. The cost of these projects would then be deducted from the companyโs future tax obligations.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced plans to award 220 oil blocks across the countryโs onshore and offshore basins in its latest licensing bid round.
Sierra Leone has taken a major step toward unlocking its oil and gas potential with the completion of a promising offshore 3D seismic survey, as the country positions itself to become West Africaโs newest oil and gas frontier.
Pakistan Refinery Limited (PRL), a majority-owned subsidiary of Pakistan Oil Company, is set to purchase 500,000 barrels of Nigeriaโs Bonny Light crude through Vitol this September, its first-ever cargo from Africaโs largest oil producer.ย