Oil and Gas
Top stories
American oil giant Chevron has discovered the presence of hydrocarbons in the Nigeria’s Awodi-07 well following sucessful explortaion and appraisal.
French oil major TotalEnergies has secured a 50 year license extension with Waha Oil, a subsidiary of Libya’s National Oil Corporation NOC, to continue operating key oil fields in the country.
Italy’s energy company Eni has agreed to divest a minority stake in its offshore oil and gas development in Côte d’Ivoire, bringing in Azerbaijan’s state oil firm as a new partner in the project.
Nigeria has approved targeted, investment linked incentives for Shell’s Bonga South West deepwater oil project as the government moves to unlock offshore investment and lift crude oil output.
Nigerian business tycoon Tony Elumelu has been appointed a non executive director of Seplat Energy Plc, following a $500 million divestment deal involving Heirs Holdings, his energy firm.
Egypt has paid about $5 billion in overdue bills to foreign oil and gas Partners as it works to reduce outstanding arrears and stabilise its energy Sector.
Kenya launched an initial public offering of its state owned pipeline infrastructure, aiming to raise more than $800 million. This write up examines the key details of the offering.
Seplat has announced first gas production from its ANOH Gas Project, marking the start of commercial operations at the gas processing facility.
Kenya has launched a public offer for the sale of a majority stake in Kenya pipeline company as it seeks to raise about $822 million from the capital market.
India’s state owned engineering firm, Engineers India Limited, has secured a contract valued at more than $350 million to support the expansion of Dangote Group’s refinery in Nigeria.
Shell has restarted preparatory activity on Nigeria’s long-delayed Bonga South West-Aparo offshore oil project by launching a new tender process for a floating production, storage, and offloading unit.
TotalEnergies is selling off its 10% stake in the Renaissance Joint Venture (JV) in Nigeria as part of a move to reduce its upstream oil exposure in the country.
Africa’s largest oil producer Nigeria has signalled plans to begin early preparations for its 2026 oil and gas licensing round in order to attract investors.
Nigeria has announced plans to capitalise a $2 billion climate fund as part of a broader effort to mobilise financing for its energy transition and climate resilience objectives.
Senegal has officially taken back control of the Cayar Offshore Shallow (COS) block after Oranto Petroleum failed to provide the required financial guarantees to implement its contractual work programme.
Egypt has commissioned the first phase of the Obelisk solar project in Nagaa Hamadi, Qena Governorate, representing the start of operations at what authorities have described as Africa’s largest renewable energy project.
West African nation Benin Republic is expected to produce its first commercial oil from the Seme offshore oilfield by the end of January 2026, after drilling challenges forced the country to miss its initial 2025 target.
Senegal has recorded a surge in oil production totaling 36.1 million barrels in 2025, exceeding official forecasts for the year.
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.